Petrochemicals giant Sasol has got itself stuck in mud in the land of po boys, gators and the blues. South African companies often try to reduce exposure to domestic economic and political risk by diversifying overseas, but sometimes the grass is not greener on the other side - especially when it comes to mega-projects.
"I'm goin' down in Louisiana, Baby, behind the sun... Well, you know I just found out, my trouble just begun." So sang US bluesman Muddy Waters in a song that could be an anthem (or a requiem?) for Sasol's fumbling foray into the southern US state.
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