By Adria Calatayud

Sasol Ltd. said Wednesday that its board committed to a 20% fee sacrifice in view of the significant challenges facing the company and in acknowledgement of shareholder-value erosion over the past two years.

The fee sacrifice shall remain in place until a revised fee proposal is considered at next year's annual general meeting, the South Africa-based petrochemical and energy company said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

11-18-20 0109ET