Chemicals and energy group Sasol confirmed on Monday that it would no longer pursue a rights issue in light of progress made, through assets sales and cost savings, to shore up its debt-laden balance sheet. In a recorded results presentation, president and CEO Fleetwood Grobler said that the decision not to implement a rights issues, which had been capped at a possible $2-billion, was made after securing $3.3-billion from asset disposals since March last year.