The Johannesburg-based petrochemicals and energy player said that it has reduced its workforce by 1500 as of 31 December through voluntary redundancy and early retirement.

It said that it is aiming to save a further 1 billion rand ($82.78 million) by "additional organisational structural refinements, a 30-month freezing of between 500 and 1000 vacancies, and focused supply chain cost base reduction initiatives".

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