Salt doesn't directly emulsify sauces, but it enhances flavor and can indirectly stabilize an emulsion by affecting the viscosity and ionic strength of the mixture.
Emulsification is the process of combining two liquids that don't normally mix, like oil and water. This requires an emulsifier, a substance that stabilizes the mixture. Common emulsifiers include egg yolks (containing lecithin), mustard, and certain proteins. Salt itself isn't an emulsifier. However, salt plays a crucial role in flavor development, which can make a sauce more palatable and perceived as 'better.' Furthermore, salt can influence the ionic strength of the aqueous phase, which can affect the interactions between the emulsifier and the liquids being combined. In some cases, this can contribute to a more stable emulsion, although it's not the primary mechanism. Salt can also affect the viscosity of the sauce, which can indirectly contribute to stability. A thicker sauce is often more stable.
Add salt gradually while making an emulsion. Too much salt can destabilize the emulsion by interfering with the emulsifier's ability to function properly, causing the sauce to break.