Sasol Limited
(NYSE:SSL)

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil a...

Website: http://www.sasol.com

Founded: 1950

Full Time Employees: 30,670

Sector: Energy

Industry: Oil & Gas Integrated

Energy

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At a glance:

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Quarterly

Annual

Unit: USD	2005-06-30

Balance Sheets:

Quarterly

Annual

Unit: USD	2021-12-22	2005-06-30	2004-03-08	2003-09-30

assets
current assets			21
cash and cash equivalents		370,000
cash restricted for use		52,000
trade, other receivables and prepaid expenses		1,852,000
inventories		1,520,000
deferred tax		24,000
total current assets		3,818,000
non-current assets
investments in securities		62,000
investments in equity accounted investees		855,000
prepaid pension asset		97,000
long-term receivables		97,000
long-term prepaid expenses		17,000
goodwill and intangible assets		315,000
property, plant and equipment		7,337,000	44
total non-current assets		8,847,000
total assets		12,665,000	70
liabilities and shareholders’ equity
current liabilities
bank overdraft		42,000
trade payables		816,000
accrued expenses and other obligations		821,000
short-term debt		843,000	6
income tax payable		108,000
total current liabilities		2,660,000
non-current liabilities
long-term obligations, net of current portion		386,000
long-term debt		1,565,000	6
post-retirement healthcare		436,000
pension liability		199,000
total non-current liabilities		3,519,000
total liabilities		6,179,000	36
minority interests in consolidated subsidiaries		37,000
shareholders’ equity			33
stated share capital—1,175,000,000 authorised ordinary shares of no par value. 676,877,125 shares (2004—671,271,425 shares) in issue and outstanding		529,000
treasury stock		-574,000
retained earnings		6,931,000
accumulated other comprehensive loss		-437,000
total shareholders’ equity		6,449,000
total liabilities and shareholders’ equity		12,665,000
goodwill and negative goodwill
other long-term assets			4
equity and liabilities
minority interest			262
total equity			33
long-term provisions and obligations			5
other non-current liabilities			6
other current liabilities			12
total equity and liabilities			70
3 744				5
(50
181				274
48				60
186				263
4 109				6
878				1
1 024				1
22				2
367				514
2 291				3
6 400				9
3 050				4
26				40
528				611
282				332
271				345
6				13
590				816
1 677				2
338				865
1 136				1
173				436
1 647				2

Cashflow Statements:

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Unit: USD


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location maps
●
intellectual capital summary
total worldwide patents held
investment in research and development
colliery
bosjesspruit
impumelelo
shondoni
syferfontein
twistdraai thubelisha
sigma : mooikraal
production tons per continuous miner
the secondary product from the export beneficiation plant is supplied to secunda operations.
the nominated capacity of the mines is the expected production of that mine and does not represent the total maximum capacity of the mine.
production excludes externally purchased coal.
off-shift production is a legally permitted, voluntary shift system allowing mine workers to produce coal on their non-working shifts. this shift system provides the mine with a flexibility option to catch up on production shortfall. the mine workers are remunerated for this production on a cost per ton basis.
reserve area
shondoni colliery, number 4 seam
shondoni colliery, number 2 seam
bosjesspruit colliery
syferfontein colliery
alexander block
twistdraai thubelisha colliery
impumelelo, block 2, number 4 seam
impumelelo, block 2, number 2 seam
block 2 south, number 4 seam
block 2 south, number 2 seam
block 3 south
total secunda area
sigma mooikraal
total mooikraal area
the gross in situ coal resource is an estimate of the coal tonnage, contained in the full coal seam above the minimum thickness cut off and relevant coal quality cut off parameters. no loss factors are applied and seam height does not include external dilution or contamination material.
the recoverable coal reserve is an estimate of the expected recovery of the mines in these areas and is determined by the subtraction of losses due to geological and mining factors and the addition of dilatants such as moisture and contamination.
the p% of p34 refers to the export product yield from the recoverable coal reserve and the s% of s37 refers to secondary product yield, which will be supplied to the secunda operations. the balance of this is discard material.
mt refers to 1 million tons. reference is made of tons, each of which equals 1 000 kilograms, approximately 2 205 pounds or 1 102 short tons.
shondoni colliery
impumelelo, block 2, number 4 seam
impumelelo, block 2, number 2 seam
block 2 south, number 4 seam
block 2 south, number 2 seam
sigma: mooikraal
natural oil and gas
acreage concentrations
at 30 june 2023
developed acreage
gross
net
undeveloped acreage
the table does not include acreage information (neither net nor gross) pertaining to: licences from which sasol is in a formal process of withdrawing; licence areas proposed for relinquishment owing to local regulations; or new blocks sasol is in a process of acquiring. see the map on page m-3 to m-4 for a representation of the affected areas.
certain licences in mozambique overlap as they relate to specific stratigraphic horizons.
number of wells drilled for the
year ended 30 june
as at 30 june 2021
wells being drilled—gross
wells being drilled—net
2022
net development wells—productive
as at 30 june 2022
2023
net exploratory wells—dry
net exploratory wells—productive
net extension wells—productive
net extension wells—dry
net development wells—dry
net stratigraphic test wells—exploratory type
net stratigraphic test wells—development type
as at 30 june 2023
a productive well is an exploratory, extension or development well that is not a dry well. a dry well is an exploratory, extension or development well that proves to be incapable of producing either oil or natural gas in sufficient quantities to justify completion.
the number of wells being drilled includes wells that have been drilled, but have not yet been mechanically completed to enable production. wells which are awaiting only surface connection to a production facility are considered to be completed.
an extension well is a well drilled to extend the limits of a known reservoir.
capitalised exploratory well costs
balance at beginning of year
additions for the year
costs incurred
asset retirement obligation adjustments
charged to expense for the year
costs reclassified to capital work in progress
translation of foreign entities
balance at end of year
ageing at 30 june 2023
less than 1 year
over 5 years
number of projects
including actualisation of exploratory well cost written off in the previous years and excluding impact of asset retirement obligation adjustments.
plant description
central processing facility
number of productive
wells 30 june 2023
productive gas wells
average sale prices and production costs
for the year ended 30 june
2021
average sales prices
natural gas, per thousand standard cubic feet
natural liquids, per barrel
average production cost
plant description
gauteng transmission network
rompco pipeline
secunda, witbank and middelburg pipeline
transnet pipeline transmission pipeline
oryx gtl
natref
average sales price per barrel
average production cost per barrel
production
product groups capacity
geographic location
americas
eurasia
africa
within the individual product groupings, capacities are shown integrated. capacities are rounded to the nearest 100kt. “x” indicates that the location produces the specific product grouping.
ethylene and propylene: predominately used for internal production of derivatives. in the americas, this represents our historic ethylene cracker plus sasol’s 50% of our lip jv cracker.
polyethylene, polypropylene and pvc. in the us, this represents sasol’s 50% share in the lip jv.
lab in eurasia partly used to produce surfactants internally.
paraffins mainly consumed for lab production.
c6+ alcohols partly used for production of surfactants.
eo and derivatives such as butyl glycol ether (bge),meg and amines. ethylene oxide predominantly used to produce surfactants.
business divisions include performance solutions (ps), essential care chemicals (ecc), advanced materials (am) and base chemicals (bc).
inorganics in europe and the us mainly as a co-product from the alcohol-ziegler process, part of our am business division.
aromatics: further processing of secunda value chain products in sasolburg and the us: phenol, cresylics and derivatives. total global integrated aromatics capacity is 100kt.
predominantly ammonia.
turnover
operating costs and expenses
remeasurement items
equity accounted profit, net of tax
earnings before interest and tax
net finance costs
earnings before tax
taxation
earnings
sale of products
services rendered
turnover 2022 and 2021
exchange rate effects
product prices
—crude oil
—other products
net volume changes
other effects
materials, energy and consumables used
selling and distribution costs
maintenance expenditure
employee-related expenditure
depreciation and amortisation
other incomes and income
operating costs and expenses
profit/(loss) before tax
tax
share of profits/(losses) of equity accounted investments, net of tax
remeasurement items, net of tax
external turnover
inter-segment turnover
total turnover
ebit margin %
operating costs and expenses net of other income including remeasurement items and depreciation.
operating costs and expenses net of other income including exploration costs, remeasurement items and depreciation.
earnings/(loss) before interest and tax
loss/earnings before interest and tax
operating costs and expenses net of other income.
loss/(earnings) before interest and tax
operating costs and expenses net of other income including remeasurement items and depreciation
net cash retained from operating activities
net cash(used in) /received from investing activities
net cash generated by/ (used in) financing activities
cash generated by operating activities
income tax paid
dividends paid
additions to non-current assets
proceeds on disposals and scrappings
includes additions to property, plant and equipment and other intangible assets.
long-term debt, including current portion
lease liabilities, including current portion
short-term debt
bank overdraft
total debt
less cash
net debt
contractual obligations
capital commitments
environmental and other obligations
external long-term debt
external short-term debt
lease liabilities
post-retirement healthcare obligations
post-retirement pension obligations
purchase commitments
total
name
m j cuambe
m b n dube
m flöel
f r grobler
k c harper
v d kahla
g m b kennealy
n n a matyumza
m e k nkeli
s a nkosi
ha rossouw
a schierenbeck
s subramoney
s westwell
nationality:
qualifications:
sasol limited board committee memberships:
mr cuambe is the managing director of mc lnvestimentos and consultoria. he served as the executive chairman and chief executive officer of electricidade de moçambique (edm) from november 2005 to march 2012. he was the chairman of companhia electrica do zambeze, a wholly-owned subsidiary of edm up to 30 may 2016. he was a non-executive director of companhia de transmissao de mozambique, a joint venture between edm, the swaziland electricity company and eskom, from 1998 to 2002. he served as the chairman of the executive committee of the southern africa power pool from november 2005 to april 2008 and is currently an independent non-executive director of standard bank mozambique.
ms dube holds a msc in environmental change and management from oxford university. she served in, among others, roles of director: atmospheric protection and chemicals management at the then department of environmental affairs and tourism, chief negotiator on behalf of the government of the republic of south africa in climate change negotiations under the auspices of the united nations framework convention on climate change, sustainability manager at bhp billiton, worked as vice president at sfm, a london-based forestry and carbon business and held various positions at anglo american. she was an investment banker at investec plc, london, group commercial director at bidvest group and the chief executive of nozala investments. she is a non-executive director of control risks in london, and other non-public companies: bravo brands, pg group and is also a member of the audit committee of the pg group and chairman of the audit committee of control risks. she previously served as non-executive director of vodacom south africa, bidvest group limited and fluormin plc and enviroserve.
dr flöel holds a msc in chemistry from the university of frankfurt and a phd in chemistry from the technische universität münchen (university of munich). with 30 years’ experience in the chemicals industry in roles covering chemical and process research and development, technical innovations, technologies, operations and industrial supply chain, she is a seasoned industrial leader. she concluded her executive leadership career as managing director and chief executive officer of oxea holdings. she served on the board of carl bechem gmbh and neste.
mr grobler was appointed president and chief executive officer of sasol limited on 1 november 2019. prior to his appointment, he was executive vice president of sasol’s chemicals business, based in germany. his association with sasol began as an engineering student in the early 1980s when he received a sasol bursary before joining the group in 1984. since then, he has worked at most of sasol’s operating facilities worldwide. in this time, he has been exposed to a broad range of business activities and has extensive experience in sasol’s international businesses. in march 2010 he was appointed managing director of sasol olefins and surfactants (now part of the chemicals business), based in hamburg, germany. he has been a member of the sasol group executive committee since 1 december 2013.
ms harper is a retired chief financial officer of bdp international, a leading privately-held global logistics and transportation solutions company. she has an mba and a certificate in cyber security oversight from the national association of corporate directors she also serves as a non-executive director and audit committee chairman for modine and for the american lung association. she has most recently served as the interim cfo of the philadelphia museum of art. prior to bdp she was the chief financial officer of agrofresh, a produce freshness solutions company. she has also served as the chief financial officer of tronox and the chief financial and business development officer of rio tinto diamonds and minerals group. she has served as an audit committee chairman for lydall,) and non-executive director for richards bay minerals in south africa, as well as for hydrogen energy, a former rio tinto/bp joint venture in london.
mr kahla was appointed to the sasol group executive committee on 1 january 2011 and is sasol’s executive vice president: strategy, sustainability and integrated services. he also served as the company secretary of sasol limited between 2011 and 2019, prior to his appointment as a director of sasol limited to the sasol board in november 2019. previously he served on the group executive committee of transnet soc limited and on the africa executive committee of standard bank. he also held various roles in the government of the republic of south africa, including assistant legal advisor to president nelson mandela and director responsible for corporate strategy and transformation at the department of justice. he is an alumnus of the university of cambridge’s prince of wales programme on sustainability leadership,
and the chairman of the council of rhodes university, south africa.
ms kennealy qualified as a chartered accountant in 1982 and she served as the chief financial officer of the south african revenue service from january 2009 until her retirement in december 2013. before that she served as the chief operating officer of absa corporate and business bank from 2006 to 2009. her previous senior financial management positions were at absa bank, bhp billiton south africa, samancor chrome and foodcorp. ms kennealy also chaired the accounting standards board in south africa from 2012 to 2018. she is the lead independent director of the standard bank group and the chairman of its audit and remuneration committees. she also serves on the board of standard bank of south africa limited.
ms matyumza is an independent non-executive director of standard bank group limited, the standard bank of south africa limited, volkswagen south africa (pty) ltd and clicks group limited. she has held senior financial management and executive positions in various organisations, including south african breweries, transnet and eskom. she is an ordained minister and director of the african methodist episcopal church.
ms nkeli served vodacom group limited as the chief human resource officer responsible for health, safety, environment and facilities and was an executive director of vodacom south africa (pty) limited from 2011 to 2014, having previously served as the group human resources director of alexander forbes from 2005 until 2010. she also served as a non-executive director on the boards of ellerine holdings limited, african bank investments limited and life healthcare group limited. ms nkeli is the executive chairman of search partners international and a member of the board of impala platinum holdings limited. she also previously chaired the commission for employment equity.
mr nkosi holds a bcom degree from the university of zululand, a bcom (econ) (hons) degree from the university of south africa (unisa) and an mba from the university of massachusetts. with over 37 years’ experience in the south african resources industry, with his last role prior to retirement as the chief executive officer of exxaro resources from 2006 – 2016. he has extensive experience in the operational, financial, logistics and marketing areas of the resources sector, and more specifically in the energy and coal sectors, both locally and internationally.
h a rossouw
mr rossouw joined sasol in april 2022 and was appointed chief financial officer and executive director of sasol limited on 1 july 2022. prior to his appointment he served as the chief financial officer and executive director of royal bafokeng platinum from october 2018 to march 2022.previously, he was a portfolio manager at investec asset management from 2013 to 2018 and, prior to that, the chief financial officer of xstrata alloys. he also held a number of other senior roles at xstrata plc in london that involved extensive strategy, mergers and acquisitions, business optimisation and capital markets experience. his career started as graduate engineer at anglo american plc and he later also worked for accenture and de beers group.
a schierenbeck
mr schierenbeck obtained a degree in applied mathematics and physics and an ma (electrical engineering). he is the founder and a director of hh2e, a green hydrogen company dedicated to producing green hydrogen for the german market. he was the chief executive officer of international energy company uniper between 2019 and 2021, where he shaped and started executing the company’s decarbonising strategy with the aim of decarbonising by 2035. prior to joining uniper, he was the chief executive officer of thyssenkrupp elevator.
mr subramoney has expertise in accounting and auditing and has worked for companies expanding into emerging economies. after qualifying as a chartered accountant he was appointed audit partner at pricewaterhousecoopers (pwc) and thereafter, deputy chief executive officer for pwc southern africa and member of the southern africa executive committee. throughout his 27 years in the audit profession, he led complex assignments including representing the firm in several african and global organisational structures. these roles provided him with extensive international exposure with global clients. he is currently the chief executive officer of menston holdings, a black-owned diversified investment company established in 2015 which focuses on the food and agriculture, construction and technology sectors. he is also an independent non-executive director on nedbank group’s board and is its audit committee chairperson.
mr westwell is an independent director and member of the audit committee of brookfield renewable partners l.p and brookfield renewable corporation. he was the chief executive officer of european forecourt retailers from 2015 to 2016 and of silver ridge power inc from 2013 to 2014. he held various management and executive positions for bp in south africa, the united states, and the united kingdom between 1988 and 2011. these executive positions included head of bp’s retail business in south africa, director of bp southern africa, chief executive officer for bp solar, and chief executive officer for bp alternative energy. he served as group chief of staff and member of bp plc’s executive management team in the united kingdom from 2008 to 2011. he has also worked for eskom holdings limited in several operational capacities.
s baloyi
h c brand1
b v griffith
b p mabelane
c k mokoena
c f rademan

s baloyimsc eng (chemical), msc (engineering management), management programme insead business school
mr baloyi was appointed as executive vice president, energy operations and technology in 2022. he is responsible for sasol’s entire energy operations portfolio which comprises all downstream operations and related infrastructure as well as technology, projects and engineering, procurement and sasol ecoft. this portfolio includes sasol’s operating facilities in secunda – which are divided into a synthetic fuel and a chemicals component, as well as in sasolburg and ekandustria. natref, sasol’s joint-venture inland refinery, is also in his area of responsibility. since joining sasol group in 2002, and he has held various management positions in maintenance, technical and general management fields in sasol’s south african operations. he was the vice president, operations, sasol synfuels (the operations in secunda) from 2015 to 2017, thereafter he was appointed as vice president, engineering, centralised maintenance and operations. subsequently he was appointed as the senior vice president, secunda chemicals operations and senior vice president: regional operations and asset services prior to being appointed as executive vice president.
h c brandmeng (mech), mba
mr brand joined the group in 1989 and during his career has held various leadership positions at most of sasol’s south african operating facilities. he has been exposed to a broad range of business activities, including roles in project and plant operations, shared and site services, as managing director of sasol nitro(sasol’s then explosives and fertiliser business), programme managing the 2013-2015 sasol group-wide transformation and low oil price response, and group digitalisation programmes, and managing the sasol group strategy and projects, engineering and technology functions. mr brand held executive responsibility for the programme managing sasol 2.0 restructuring and the sasol ecoft business until his retirement on 30 june 2023.
b v griffith bsche, mba
mr griffith is based in houston, texas, united states. he is sasol’s senior leader in north america and is responsible for sasol’s chemicals business globally. he is accountable for maintaining safe, reliable and sustainable operations across multiple geographies, driving customer-led growth through innovative marketing and product development and extending sales. prior to this appointment he was senior vice president for sasol’s performance chemicals business from 2017 to 2019 and base chemicals business from 2014 to 2017. his sasol career began in 1992 as an engineer and during his more than 30-year career with the group he has held various positions and leadership roles in the united states, europe and south africa.
b p mabelanebcom (hons), ca (sa), pgd accounting, hdip tax
ms mabelane is responsible for upstream and downstream gas activities as well as distribution, marketing and sales of liquid fuels in southern africa. she is leading strategy formulation and delivery of the energy business. previously she worked at eskom, where she held key roles in finance, tax and general management. she also served as the operations director for british petroleum (bp) uk’s retail business. in 2011, she joined bp southern africa as its chief financial officer. six years later, she was appointed as its ceo.
c k mokoenaba honours
ms mokoena is responsible for the design of global human resources strategies, policies and frameworks at sasol that enable the organisation to attract, develop and retain key talent. she also focuses on stakeholder relations. prior to her current role, ms mokoena was human resources executive at tongaat hulett limited. she held this position from july 2013. before this, ms mokoena spent 11 years at telkom south africa limited, during which time she held several senior positions spanning the human resources, business consulting and customer services discipline, including chief of hr and group executive: customer experience management.
c f rademanb.eng (mech), mbl, ldp
mr rademan joined the group initially in 1981 and retired in 2017 as an executive vice president and group executive committee member accountable for various enterprise functions and businesses in the group including sasol mining. during this period, he was also accountable for the phoenix restructuring programme – the group-wide transformation and low oil price response programme. he re-joined sasol in march 2022 and is the responsible executive vice president, sasol mining.
region
south africa
europe
north america
other
gepf
idc
government employees pension fund (gepf).
industrial development corporation of south africa limited (idc).
liabilities—notional
fixed rate
average interest rate
variable rate
foreign currency derivatives—held for trading*
us
foreign exchange zero‑cost collars
forward exchange contracts
euro
foreign exchange contracts
commodity derivatives—held for trading*
crude oil
crude oil futures
crude oil put options
ethane price
ethane swap options
other foreign exchange derivatives
other commodity derivatives
convertible bond embedded derivative liability
service
depositing or substituting the underlying shares
receiving or distributing dividend
selling or exercising rights
withdrawing an underlying security
in respect of our audit committee approval process, all non-audit and audit fees paid to pricewaterhousecoopers inc. have been pre-approved by the audit committee.
the audit committee approved non-audit services of 2% (2022: 1%) in relation to statutory audit fee.
period
for the year ended 30 june 2023
2022-07-01 to 2023-06-30
report of the independent registered public accounting firm
consolidated financial statements*
supplemental oil and gas information
*
year ended 30 june 2021
acquisition of proved properties
acquisition of unproved properties
exploration
development
total costs incurred
year ended 30 june 2022
year ended 30 june 2023
proved properties
producing wells and equipment
non-producing wells and equipment
unproved properties
capitalised costs
accumulated depreciation
net book value
accumulated depreciation and valuation allowances
sales to unaffiliated parties
transfers to affiliated parties
total revenues
production costs
foreign currency translation losses
exploration expenses
farm-out gains
valuation provision
depreciation
operating profit/
results of operations
operating profit
balance at 30 june 2020
revisions
sale in place
balance at 30 june 2021
extensions/discoveries
balance at 30 june 2022
improved recovery
balance at 30 june 2023
proved developed reserves
at 30 june 2021
at 30 june 2022
at 30 june 2023
proved undeveloped reserves
volumes presented in this table are after deduction of royalty taken in kind.
future cash inflows
future production costs
future development costs
future income taxes
undiscounted future net cash flows
10% annual discount for timing of estimated cash flows
standardised measure of discounted future net cash flows
present value at 30 june 2020
net changes for the year
sales and transfers of oil and gas produced net of production costs
development costs incurred
net change due to current reserves estimates from:
others
net changes in prices and costs related to future production
changes in estimated future development costs
accretion of discount
net change in income tax
net change due to exchange rate
present value at 30 june 2021
discoveries
present value at 30 june 2022
present value at 30 june 2023
year ended 30 june
accumulated depreciation, amortisation and valuation allowances
foreign currency translation (losses)/gains
depreciation, amortisation and valuation provisions
opening balance
balance at 30 june
increase mainly due to an improved outlook on average sales price per barrel resulting from higher global oil prices and the weakening of the rand against the us dollar.
present value—opening balance
extensions
present value at 30 june
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101.sch
101.cal
101.def
101.lab
101.pre
104
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schedule 1 – definitions in the companies act
schedule 2 – ineligible / disqualified in terms of section 69 and of the companies act read with regulation 39
schedule 3 – prescribed methods of delivery in the regulations
schedule 4 – terms which govern holders of sasol bee ordinary shares
1.1.
1.2.
1.2.1.
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1.2.10.
1.2.11.
1.2.12.
1.2.13.
1.2.14.
1.2.15.
1.2.16.
1.2.17.
1.2.18.
1.3.
1.4.
1.5.
1.5.1.
1.5.2.
1.6.
1.7.
1.8.
1.9.
1.10.
1.11.
1.12.
1.13.
1.14.
1.15.
2.1.
2.2.
2.3.
4.1.
4.2.
4.3.
4.4.
4.4.1.
4.4.2.
4.4.3.
5.1.
5.2.
5.2.1.
5.2.2.
7.1.
7.1.1.
7.1.2.
7.2.
7.3.
7.4.
7.5.
7.5.1.
7.5.2.
7.6.
8.1.
8.2.
8.2.1.
8.2.2.
8.3.
8.4.
8.5.
8.6.
9.1.
9.1.1.
9.1.2.
9.1.3.
9.1.4.
9.2.
10.1.
10.2.
10.2.1.
10.2.2.
10.2.3.
10.2.4.
10.2.5.
10.2.6.
10.3.
10.3.1.
10.3.1.1.
10.3.1.2.
10.3.1.3.
10.3.1.4.
10.3.1.5.
10.3.1.6.
10.3.1.6.1.
10.3.1.6.2.
10.3.1.7.
10.3.1.7.1.
10.3.1.7.2.
10.3.1.8.
10.3.2.
10.3.2.1.
10.3.2.2.
10.3.2.3.
10.3.2.4.
10.3.3.
10.3.3.1.
10.3.3.2.
10.3.3.3.
10.3.3.4.
10.3.3.5.
10.3.3.6.
10.3.3.7.
10.3.4.
10.3.4.1.
10.3.4.2.
10.3.4.3.
10.3.4.3.1.
10.3.4.3.2.
10.3.4.3.3.
10.4.
10.5.
10.5.1.
10.5.1.1.
10.5.1.2.
10.5.1.3.
10.5.1.4.
10.6.
10.7.
10.8.
10.9.
10.10.
10.10.1.
10.10.2.
10.11.
10.11.1.
10.11.2.
10.11.2.1.
10.11.2.2.
10.12.
12.1.
12.2.
12.2.1.
12.2.2.
12.2.2.1.
12.2.2.2.
13.1.
13.2.
14.1.
14.2.
14.3.
14.4.
15.1.
15.2.
15.3.
15.4.
15.5.
15.6.
15.7.
15.8.
17.1.
17.2.
17.3.
17.4.
17.5.
17.6.
18.1.
18.2.
18.3.
18.4.
18.5.
18.6.
18.6.1.
18.6.2.
18.7.
19.1.
19.2.
19.2.1.
19.2.2.
19.2.3.
19.2.3.1.
19.2.3.2.
19.2.3.3.
19.2.4.
19.2.4.1.
19.2.4.2.
19.3.
20.1.
20.1.1.
20.1.1.1.
20.1.1.1.1.
20.1.1.1.2.
20.1.1.1.3.
20.1.1.2.
20.1.1.3.
20.1.1.4.
20.1.1.5.
20.1.2.
20.1.3.
20.1.4.
20.1.5.
20.1.5.1.
20.1.5.2.
20.1.5.3.
20.1.6.
20.1.6.1.
20.1.6.2.
20.1.7.
20.2.
20.2.1.
20.2.1.1.
20.2.1.2.
20.2.2.
20.2.3.
20.2.4.
20.2.4.1.
20.2.4.2.
20.2.4.2.1.
20.2.4.2.2.
20.2.4.3.
20.2.5.
20.2.5.1.
20.2.5.2.
20.2.5.3.
20.2.5.4.
20.2.5.5.
20.2.5.5.1.
20.2.5.5.2.
20.2.5.5.3.
20.2.5.5.4.
20.2.5.5.5.
20.2.5.5.6.
20.2.6.
20.2.7.
20.2.7.1.
20.2.7.2.
20.2.8.
20.3.
20.3.1.
20.3.2.
20.3.2.1.
20.3.2.2.
20.3.3.
20.3.4.
20.3.5.
20.3.5.1.
20.3.5.2.
20.3.6.
20.3.7.
20.3.7.1.
20.3.7.2.
20.3.7.3.
20.3.8.
20.3.8.1.
20.3.8.2.
20.3.9.
20.4.
20.5.
20.5.1.
20.5.1.1.
20.5.1.2.
20.5.1.3.
20.5.1.4.
20.5.2.
20.5.3.
20.5.4.
20.5.5.
20.5.6.
20.5.7.
20.5.8.
20.5.9.
20.5.10.
20.5.11.
20.5.12.
20.5.12.1.
20.5.12.2.
20.6.
20.6.1.
20.6.2.
20.6.3.
20.6.4.
20.6.5.
21.1.
21.2.
21.2.1.
21.2.2.
21.3.
21.3.1.
21.3.2.
21.3.2.1.
21.3.2.2.
21.3.2.3.
22.1.
22.1.1.
22.1.2.
22.2.
22.2.1.
22.2.2.
22.2.3.
22.2.3.1.
22.2.3.2.
22.3.
22.3.1.
22.3.1.1.
22.3.1.2.
22.3.2.
22.3.3.
22.3.4.
22.3.5.
22.3.6.
22.3.7.
22.3.8.
22.3.8.1.
22.3.8.2.
22.3.8.2.1.
22.3.8.2.2.
22.3.9.
22.4.
22.4.1.
22.4.2.
22.4.3.
22.4.3.1.
22.4.3.2.
22.5.
22.5.1.
22.5.1.1.
22.5.1.2.
22.5.1.3.
22.5.1.4.
22.5.1.5.
22.5.1.6.
22.5.1.7.
22.5.1.8.
22.5.2.
23.1.
23.1.1.
23.1.2.
23.1.3.
23.1.4.
23.1.5.
23.1.6.
23.1.7.
23.1.8.
23.1.9.
23.1.10.
23.1.11.
24.1.
24.2.
24.3.
24.3.1.
24.3.2.
26.1.
26.2.
26.3.
26.4.
26.5.
26.6.
27.1.
27.1.1.
27.1.1.1.
27.1.1.2.
27.1.2.
27.2.
27.3.
27.4.
27.5.
27.6.
27.7.
27.8.
27.9.
28.1.
28.1.1.
28.1.2.
28.2.
28.2.1.
28.2.2.
28.3.
28.3.1.
28.3.2.
28.4.
28.5.
28.6.
28.7.
28.8.
28.8.1.
28.8.2.
29.1.
29.1.1.
29.1.1.1.
29.1.1.2.
29.1.1.2.1.
29.1.1.2.2.
29.1.2.
29.1.3.
29.2.
29.2.1.
29.2.2.
29.2.2.1.
29.2.2.2.
29.2.2.3.
29.3.
29.3.1.
29.3.2.
29.4.
29.4.1.
29.4.2.
29.5.
29.5.1.
29.5.2.
29.5.3.
29.5.4.
29.5.4.1.
29.5.4.2.
29.5.5.
29.5.6.
31.1.
31.2.
32.1.
32.1.1.
32.1.2.
32.1.3.
32.1.3.1.
32.1.3.2.
32.2.
32.3.
32.3.1.
32.3.2.
32.3.3.
32.4.
32.5.
33.1.
33.1.1.
33.1.1.1.
33.1.1.1.1.
33.1.1.1.2.
33.1.1.2.
33.1.1.3.
33.1.1.4.
33.1.1.5.
33.1.1.6.
33.1.2.
33.2.
33.3.
33.3.1.
33.3.2.
33.4.
33.5.
33.6.
33.7.
33.8.
35.1.
35.1.1.
35.1.2.
35.2.
35.2.1.
35.2.2.
35.3.
35.4.
35.5.
35.6.
35.7.
36.1.
36.2.
36.2.1.
36.2.2.
36.2.3.
36.2.3.1.
36.2.3.1.1.
36.2.3.1.2.
36.2.3.2.
36.2.3.2.1.
36.2.3.2.2.
36.3.
36.3.1.
36.3.2.
36.3.2.1.
36.3.2.1.1.
36.3.2.1.2.
36.3.2.2.
36.4.
36.5.
38.1.
38.2.
40.1.
40.2.
1
2.2.1.
2.2.2.
2.2.3.
2.2.4.
2.2.4.1.
2.2.4.2.
2.2.4.3.
any person
any natural person
a company or similar body corporate
the state or a province
a municipality
person to whom the document is to be delivered
a trade union
employees of the company
a partnership, firm or association
1.2.2.1.
1.2.2.2.
1.2.2.3.
1.2.4.1.
1.2.4.2.
1.2.4.3.
1.2.6.1.
1.2.6.2.
1.2.6.3.
1.2.13.1.
1.2.13.2.
1.2.15.1.
1.2.15.2.
1.2.15.3.
1.3.1.
1.3.2.
3.1.
3.1.1.
3.1.1.1.
3.1.1.2.
3.1.2.
3.2.
4.2.1.
4.2.2.
4.2.2.1.
4.2.2.2.
4.2.3.
4.3.1.
4.3.2.
5.1.1.
5.1.2.
5.3.
5.3.1.
5.3.2.
5.4.
5.5.
6.1.
6.1.1.
6.1.2.
6.1.3.
6.1.3.1.
6.1.3.2.
6.1.4.
6.2.
7.2.1.
7.2.2.
11.1.
11.1.1.
11.1.2.
11.1.3.
11.2.
11.2.1.
11.2.2.
11.2.3.
11.2.3.1.
11.2.3.2.
11.2.4.
11.2.4.1.
11.2.4.2.
12.1.1.
12.1.2.
12.1.2.1.
12.1.2.2.
12.1.3.
12.1.3.1.
12.1.3.2.
12.1.3.3.
12.1.3.3.1.
12.1.3.3.2.
12.1.3.4.
12.1.3.4.1.
12.1.3.4.2.
12.2.3.
12.2.3.1.
12.2.3.2.
12.2.3.3.
12.2.3.3.1.
12.2.3.3.2.
12.2.3.4.
12.2.3.4.1.
12.2.3.4.2.
12.3.
13.1.1.
13.1.2.
13.1.3.
13.1.3.1.
13.1.3.2.
13.1.3.3.
13.1.3.3.1.
13.1.3.3.2.
13.1.4.
13.1.4.1.
13.1.4.2.
13.2.1.
13.2.2.
13.2.3.
13.2.4.
13.2.4.1.
13.2.4.2.
13.2.4.3.
13.2.4.3.1.
13.2.4.3.2.
13.2.4.4.
13.2.4.4.1.
13.2.4.4.2.
13.3.
⌧
income statement data:
earnings/(loss) attributable to owners of sasol limited
statement of financial position data:
total assets
total equity
total liabilities
share capital
per share information
basic earnings/(loss) per share
diluted earnings/(loss) per share
dividends per share
weighted-average shares in issue
average shares outstanding—basic
average shares outstanding—diluted
comparative results have been revised for the correction of the prior period errors in the calculation of south african value chain impairments. please refer to “item 18—financial statements—note 1 statement of compliance” for further information.
for information regarding the share repurchases and cancellations please refer to “item 18—financial statements—note 16 share capital”.
increase in basic average shares outstanding is due to shares issued as long-term incentives (ltis) to employees.
•
political and socio-economic issues
i.
ii.
iii.
fiscal and monetary policies
legal and regulatory
iv.
transportation, water, electricity and other infrastructure
stakeholder relationships
contract stability
number of new patents issued
brandspruit
shondoni colliery, number 4 seam
shondoni colliery, number 2 seam
at 30 june 2021
the table does not include acreage information (neither net nor gross) pertaining to: licences from which sasol is in a formal process of withdrawing; licence areas proposed for relinquishment owing to local regulations; or new blocks sasol is in a process of acquiring. see the map on page m-2 to m-3 for a representation of the affected areas.
certain licences in mozambique and canada overlap as they relate to specific stratigraphic horizons.
number of wells drilled for the
2019
2020
as at 30 june 2021
farm down proceeds
exiting of licences
ageing at 30 june 2021
1 to 5 years
including actualisation of exploratory well cost written off in the previous years.
project activities for the pande-temane psa pande area are described above, under mozambique—activities.
processing facilities
wells 30 june 2021
ctrg
linear alkyl benzene (lab) in eurasia partly used to produce surfactants internally.
ethylene oxide (eo) and derivatives such as butyl glycol ether (bge), mono ethylene glycol (meg) and amines. ethylene oxide predominantly used to produce surfactants.
equity accounted profits/(losses), net of tax
earnings/(loss) before tax
earnings/
other trading income
turnover, 2020 and 2019
exploration expenditure and feasibility costs
translation gains/
other operating expenses
other operating income
profit/(loss) before tax
operating costs and expenses net of other income including exploration costs and depreciation.
(loss)/earnings before interest and tax
net cash received from/(used in) investing activities
net cash (used in)/generated by financing activities
includes additions to property, plant and equipment; assets under construction and other intangible assets.
share-based payments
c beggs
z m mkhize
m e nkeli
pj robertson
p victor
mr c beggs was the chief executive officer of pricewaterhousecoopers until the end of june 2009. he is a former chairman of the board of the south
african institute of chartered accountants (saica). he served as chairman of the accounting practices committee, was a member of the accounting practices board and is a director of the ethics institute of south africa. he is a trustee of the absa pension fund and was a non-executive director and risk and finance committee member of absa group limited until 4 june 2021. he was formerly an independent director of absa bank limited and sab zenzele holdings limited. he retired as a director of sasol limited and member of all board committees on 31 august 2021.
mr m j cuambe is the managing director of mc lnvestimentos and consultoria. he served as the executive chairman and chief executive officer of electricadade de moçambique (edm) from november 2005 to march 2012. he was the chairman of companhia electrica do zambeze, a wholly-owned subsidiary of edm up to 30 may 2016. he was a non-executive director of companhia de transmissao de mozambique, a joint venture between edm, the swaziland electricity company and eskom, from 1998 to 2002 and served as the chairman of the executive committee of the southern africa power pool from november 2005 to april 2008.
ms m b n dube has served in, among others, roles of director: atmospheric protection and chemicals management at the then department of environmental affairs and tourism, chief negotiator on behalf of the government of the republic of south africa in climate change negotiations under the auspices of the united nations framework convention on climate change, sustainability manager at bhp billiton, worked at sfm, a london-based forestry and carbon business and anglo american. she was an investment banker at investec plc, london and group commercial director at bidvest group. she is a non-executive director of control risks, and other non-public companies: bravo brands, pg group, and enviroserv holdings and is also a member of the audit committees of the pg group and control risks. she previously served as non-executive director of vodacom south africa, bidvest group limited and fluormin plc.
dr m flöel holds a msc in chemistry from the university of frankfurt and a phd in chemistry from the technische universität münchen (university of munich). with 30 years’ experience in the chemicals industry in roles covering chemical and process research and development, technical innovations, technologies, operations and industrial supply chain, she is a seasoned industrial leader. she concluded her executive leadership career as managing director and chief executive officer of oxea holdings. she served on the board of carl bechem gmbh and is currently a director on the board of neste corporation and a member of its audit committee.
afety,
mr f r grobler was appointed president and chief executive officer of sasol limited on 1 november 2019. prior to his appointment, he was executive vice president of sasol’s chemicals business, based in germany. his association with sasol began as an engineering student in the early 1980s when he received a sasol bursary before joining the group in 1984. since then, he has worked at most of sasol’s operating facilities worldwide. in this time, he has been exposed to a broad range of business activities and has extensive experience in sasol’s international businesses. in march 2010 he was appointed managing director of sasol olefins and surfactants (now part of the chemicals business), based in hamburg, germany. he has been a member of the sasol group executive committee since 1 december 2013.
ms k c harper is the chief financial officer of bdp international, a leading privately-held global logistics and transportation solutions company. she also serves as a non-executive director and audit committee chairman for lydall (nyse ldl) and for the american lung association. she was previously the chief financial officer of agrofresh, a produce freshness solutions company. she has also served as the chief financial officer of tronox and the chief financial and business development officer of rio tinto diamonds and minerals group. she has served as a non-executive director for richards bay minerals in south africa, as well as for hydrogen energy, a former rio tinto/bp joint venture in london.
mr v d kahla was appointed to the sasol group executive committee on 1 january 2011 and is sasol’s executive vice president: strategy, sustainability and integrated services. he also served as the company secretary of sasol limited between 2011 and 2019, prior to his appointment to the sasol board in november 2019. previously he served on the group executive committee of transnet soc limited and on the africa executive committee of standard bank. he also held various roles in the government of the republic of south africa, including assistant legal advisor to president nelson mandela and director responsible for corporate strategy and transformation at the department of justice. he is an alumnus of the university of cambridge’s prince of wales programme on sustainability leadership, and the chairman of the council of rhodes university, south africa.
ms g m b kennealy qualified as a chartered accountant in 1982 and she served as the chief financial officer of the south african revenue service from january 2009 until her retirement in december 2013. before that she served as the chief operating officer of absa corporate and business bank from 2006 to 2009. her previous senior financial management positions were at absa bank, bhp billiton south africa, samancor chrome and foodcorp. ms kennealy also chaired the accounting standards board in south africa from 2012 to 2018. she is the lead independent director of the standard bank group and the chairman of its audit and remuneration committees. she also serves on the board of standard bank of south africa limited.
ms n n a matyumza is an independent non-executive director of standard bank group limited, the standard bank of south africa limited and volkswagen south africa (pty) ltd. she has held senior financial management and executive positions in various organisations, including south african breweries, transnet and eskom. she is an ordained minister and director of the african methodist episcopal church.
mr z m mkhize has served on the board of sasol limited since 2011 and holds a bcom honours degree from unisa and a higher diploma in electrical engineering from durban university of technology. he was a director of hulamin limited and the managing director: hulamin rolled products (pty) limited, from july 2010 until 28 february 2020.
ms m e k nkeli served vodacom group limited as the chief human resource officer responsible for health, safety, environment and facilities and was an executive director of vodacom south africa (pty) limited from 2011 to 2014, having previously served as the group human resources director of alexander forbes from 2005 until 2010. she also served as a non-executive director on the boards of ellerine holdings limited, african bank investments limited and life healthcare group limited. ms nkeli is the executive chairman of search partners international and a member of the board of impala platinum holdings limited. she also previously chaired the commission for employment equity.
mr s a nkosi holds a bcom degree from the university of zululand, a bcom (econ) (hons) degree from the university of south africa (unisa) and an mba from the university of massachusetts. with over 37 years’ experience in the south african resources industry, with his last role prior to retirement as the chief executive officer of exxaro resources from 2006 – 2016. he has extensive experience in the operational, financial, logistics and marketing areas of the resources sector, and more specifically in the energy and coal sectors, both locally and internationally.
p j robertson
mr p j robertson held various positions ranging from management to executive leadership for chevron corporation in the united kingdom and the united states between 1973 and 2009. these executive positions included vice president: finance, chevron usa, president: chevron exploration and production company, and president: chevron overseas petroleum. he served as executive vice president and vice chairman of the chevron corporation board of directors from 2002 to 2009. he has served as the chairman of the us energy association, chairman of the world affairs council of northern california, chairman of the us saudi arabian business council and as a non-executive director of sasol chevron holdings limited. he is also a director of jacobs engineering group.
mr s subramoney has expertise in accounting and auditing and has worked for companies expanding into emerging economies. after qualifying as a chartered accountant he was appointed audit partner at pricewaterhousecoopers (pwc) and thereafter, deputy chief executive officer for pwc southern africa and member of the southern africa executive committee. throughout his 27 years in the audit profession, he led complex assignments including representing the firm in several african and global organisational structures. these roles provided him with extensive international exposure with global clients. he is currently the chief executive officer of menston holdings, a black-owned diversified investment company established in 2015 which focuses on the food and agriculture, construction and technology sectors. he is also an independent non-executive director on nedbank group’s board and is its audit committee chairperson.
n
mr p victor became sasol’s chief financial officer (cfo) in july 2016. he was previously senior vice president: financial control services at sasol and served as acting cfo from 10 september 2013 to 28 february 2015. he also provided thought leadership and pro-actively supported the group executive committee in implementing a cash conservation response plan in reaction to the significant drop in the crude oil price. he gained invaluable experience during his 10 years as chief financial officer of sasol synfuels – a position he held until 2011, when he was appointed to head up the group’s financial governance and reporting.
mr s westwell is a director and chairman of the audit committee of control risk limited. he is also an independent director of brookfield renewable partners l.p and brookfield renewable corporation. he was the chief executive officer of european forecourt retailers from 2015 to 2016 and of silver ridge power inc from 2013 to 2014. he held various management and executive positions for bp in south africa, the united states, and the united kingdom between 1988 and 2011. these executive positions included head of bp’s retail business in south africa, director of bp southern africa, chief executive officer for bp solar, and chief executive officer for bp alternative energy. he served as group chief of staff and member of bp plc’s executive management team in the united kingdom from 2008 to 2011. he has also worked for eskom holdings limited in several operational capacities.
h c brand
b e klingenberg
mr h c brand joined the group in 1989 and during his career has held various leadership positions at most of sasol’s south african operating facilities. he has been exposed to a broad range of business activities, including roles in project and plant operations, shared and site services, as managing director of sasol nitro, programme managing the 2013-15 group-wide transformation and low oil price responses, and for group strategy. mr brand currently also has executive responsibility for programme managing the 2020 crisis response and future sasol programmes and sasol’s 2020 greenhouse gas emission reduction target setting and roadmap definition.
mr b v griffith is based in houston, texas, united states. he is sasol’s senior leader in north america and is responsible for sasol’s chemicals business globally. prior to this appointment he was senior vice president for sasol’s performance chemicals business from 2017 to 2019 and base chemicals business from 2014 to 2017. his sasol career began in 1992 as an engineer and during his 27-year career with the group he has held various positions and leadership roles in the united states, europe and south africa.
b e klingenbergmsc eng
since joining the sasol group in 1986, he has held various positions in maintenance, technical and general management fields in some of the south african energy and the global chemical businesses of the group. mr klingenberg was the managing director of sasol polymers from april 2007 to march 2009, responsible for group human resources for two years from 2009 and before that the managing director of sasol nitro.
ms b p mabelane is responsible for upstream and downstream gas activities as well as distribution, marketing and sales of liquid fuels in southern africa. she is leading strategy formulation and delivery of the energy business. previously she worked with eskom, where she held key roles in finance, tax and general management. she also served as the operations director for british petroleum (bp) uk’s retail business. in 2011, she joined bp southern africa as its chief financial officer. six years later, she was appointed as its ceo. she is the first female to head a multinational oil company in south africa.
c k mokoenaba
ms c k mokoena is responsible for the design of global human resources strategies, policies and frameworks at sasol that enable the organisation to attract, develop and retain key talent. she also focuses on stakeholder relations. prior to her current role, ms mokoena was human resources executive at tongaat hulett limited. she held this position from july 2013. before this, ms mokoena spent 11 years at telkom south africa limited, during which time she held several senior positions spanning the human resources, business consulting and customer services discipline, including chief of hr and group executive: customer experience management.
interest rate swap—designated as a hedging instrument (instrument 1)*
average notional amount
average receive rate
average pay rate
notional at 30 june
interest rate swap—designated as a hedging instrument (instrument 2)*
zero-cost collars
other derivatives
other currencies
crude oil options
crude oil swap options
crude oil zero-cost collars
material weakness with respect to the capital cost estimation process implemented in connection with the lccp, which resulted from the aggregation of a series of individual control and project-related control environment deficiencies
material weakness with respect to the level of precision applied to the impairment assessments performed on certain cash generating units related to the south african integrated value chain within one segment of the company, which has now been expanded to all the cash generating units within the south african integrated value chain.
remediation efforts to address the material weakness with respect to the capital cost estimation process implemented in connection with the lccp, which resulted from the aggregation of a series of individual control and project-related control environment deficiencies.
remediation efforts to address the material weakness with respect to the level of precision applied to the impairment assessments performed on the cash generating units related to the south african integrated value chain.
the audit committee approved non-audit services of 6% in relation to statutory audit fee.
for the year ended 30 june 2021
2020-07-01 to 2021-06-30
year ended 30 june 2019
year ended 30 june 2020
year ended 30 june 2021
foreign currency translation gains/
balance at 30 june 2018
balance at 30 june 2019
at 30 june 2019
at 30 june 2020
present value at 30 june 2018
(reduced)/improved recovery
present value at 30 june 2019
operating (loss)/profit
commercial arrangements
company secretary: sasol limited]
1.2.17a
1.2.19.
1.14.1.
1.14.2.
1.16.
7.1.3.
7.5.3.
14.1.1.
14.1.2.
39.1.
39.1.1.
39.1.1.1.
39.1.1.2.
39.1.1.3.
39.1.1.4.
39.1.1.5.
39.1.1.6.
39.1.1.7.
39.1.1.8.
39.1.1.9.
39.1.1.10.
39.1.1.11.
39.1.1.12.
39.1.1.13.
39.1.1.14.
39.1.1.15.
39.1.1.15.1.
39.1.1.15.2.
39.1.1.15.2.1.
39.1.1.15.2.2.
39.1.1.15.3.
39.1.1.16.
39.1.1.17.
39.1.1.18.
39.1.1.19.
39.1.1.20.
39.1.1.21.
39.1.1.22.
39.1.1.22.1.
39.1.1.22.2.
39.1.1.23.
39.1.1.24.
39.1.1.25.
39.1.1.26.
39.1.1.27.
39.1.1.28.
39.1.1.29.
39.1.1.29.1.
39.1.1.29.2.
39.1.1.30.
39.1.1.31.
39.1.1.32.
39.1.1.33.
39.1.1.34.
39.1.1.35.
39.1.1.36.
39.1.1.37.
39.1.1.38.
39.1.1.39.
39.1.1.40.
39.1.1.40.1.
39.1.1.40.2.
39.1.1.41.
39.1.1.42.
39.1.1.42.1.
39.1.1.42.2.
39.1.1.43.
39.1.1.44.
39.1.1.45.
39.1.1.46.
39.1.1.47.
39.1.1.48.
39.1.2.
39.1.3.
39.1.4.
39.1.5.
39.1.6.
39.1.7.
39.1.8.
39.1.9.
39.1.10.
39.1.11.
39.1.12.
39.2.
39.2.1.
39.2.2.
39.3.
39.4.
39.4.1.
39.4.1.1.
39.4.1.2.
39.4.2.
39.4.3.
39.4.3.1.
39.4.3.1.1.1.
39.4.3.1.1.2.
39.4.3.1.2.
39.4.3.1.3.
39.4.3.2.
39.4.3.2.1.
39.4.3.2.2.
39.4.3.2.3.
39.4.3.2.4.
39.4.3.3.
39.4.3.4.
39.4.3.5.
39.4.4.
39.4.5.
39.4.5.1.
39.4.5.2.
39.4.6.
39.4.7.
39.5.
39.5.1.
39.5.2.
39.5.3.
39.6.
39.6.1.
39.6.2.
39.7.
39.8.
39.8.1.
39.8.2.
39.8.2.1.
39.8.2.2.
39.8.3.
39.8.4.
39.9.
39.9.1.
39.9.1.1.
39.9.1.2.
39.9.2.
39.9.2.1.
39.9.2.2.
39.9.3.
39.10.
39.10.1.
39.10.2.
39.11.
39.11.1.
39.11.2.
39.11.2.1.
39.11.2.2.
39.11.3.
39.11.4.
39.11.5.
39.11.6.
39.11.7.
39.11.8.
39.12.
39.12.1.
39.12.2.
39.12.3.
39.12.4.
39.12.4.1.
39.12.4.1.1.
39.12.4.1.2.
39.12.4.1.3.
39.13.
40.1.1.
40.1.2.
40.1.3.
40.1.3.1.
40.1.3.2.
40.1.3.3.
40.1.4.
40.1.5.
40.1.5.1.
40.1.5.2.
40.1.5.3.
40.1.6.
40.1.7.
40.1.8.
40.1.9.
40.1.10.
40.1.11.
40.1.12.
40.1.13.
40.1.14.
40.1.15.
40.1.16.
40.1.16.1.
40.1.16.2.
40.1.16
40.1.17.
40.1.18.
40.1.19.
40.1.20.
40.1.21.
40.1.22.
40.1.23.
40.1.24.
40.1.25.
41.
41.1.
41.2.
41.3.
41.4.
41.5.
41.6.
41.7.
42.
43.
43.1.
43.2.
43.3.
43.4.
43.5.
43.5.1.
43.5.2.
43.6.
43.6.1.
43.6.2.
43.7.
43.8.
43.9.
“9.1.3
44.
44.1.
44.1.1.
44.1.2.
44.1.2.1.
44.1.2.1.1.
44.1.2.1.2.
44.1.2.2.
44.1.3.
44.1.3.1.
44.1.3.2.
44.1.3.3.
44.1.3.4.
44.1.3.5.
44.1.3.6.
44.1.3.7.
44.1.3.8.
44.1.4.
44.1.5.
44.2.
45.
45.1.
45.1.1.
45.1.2.
45.2.
45.2.1.
45.2.2.
46.
46a.
47.
47a.
47a.1
47.a.1.1
47a.1.2
47a.1.3
47a.1.4
47a.1.5
47a.2
47a.2.1
47a.2.2
48.
49.
49.1.
49.2.
“40.
40.1
40.2
the formation of one or more new companies, which together hold all of the assets and liabilities that were held by any of the amalgamating or merging companies immediately before the implementation of the agreement, and the dissolution of each of the amalgamating or merging companies; or
the survival of at least one of the amalgamating or merging companies, with or without the formation of one or more new companies, and the vesting in the surviving company or companies, together with any such new company or companies, of all of the assets and liabilities that were held by any of the amalgamating or merging companies immediately before the implementation of the agreement;
receive or participate in any distribution in respect of the company’s securities;
exercise or cause to be exercised, in the ordinary course, any or all of the rights attaching to the company’s securities; or
dispose or direct the disposition of the company’s securities, or any part of a distribution in respect of the securities,
was registered in terms of the —
was in existence and recognised as an ‘existing company’ in terms of the companies act, 1973 (act no. 61 of 1973); or
was deregistered in terms of the companies act, 1973 (act no. 61 of 1973), and has subsequently been re-registered in terms of this act;
any non-voting securities issued by the company and which will become voting securities—
transfer by a company of money or other property of the company, other than its own shares, to or for the benefit of one or more holders of any of the shares or to the holder of a beneficial interest in any such shares, of that company or of another company within the same group of companies, whether—
incurrence of a debt or other obligation by a company for the benefit of one or more holders of any of the shares of that company or of another company within the same group of companies; or
forgiveness or waiver by a company of a debt or other obligation owed to the company by one or more holders of any of the shares of that company or of another company within the same group of companies,
annual financial statements and provisional annual financial statements;
interim or preliminary reports;
group and consolidated financial statements in the case of a group of companies; and
had actual knowledge of the matter; or
was in a position in which the person reasonably ought to have—
at a shareholders meeting; or
by holders of the company’s securities acting other than at a meeting, as contemplated in section 60;
is not a public, personal liability or state-owned company; and
satisfies the criteria set out in section 8(b);
in the case of a company, a resolution adopted with the support of at least 75% of the voting rights exercised on the resolution, or a different percentage as contemplated in section 65(10) -
carry voting rights with respect to that matter; or
are presently convertible to securities that carry voting rights with respect to that matter.
13.1.3.4.
13.1.3.4.1.
13.1.3.4.2.
15.2
cash receipts from customers
cash paid to suppliers and employees
net cash flow from operations
interest received
dividends received
finance costs paid
income tax paid
net cash generated by operating activities
purchase of property, plant and equipment
purchase of intangible assets
investments in equity accounted investees
interest capitalized
non-current assets sold
acquisition of businesses, net of cash acquired
disposal of businesses, net of cash disposed
(increase) / decrease in investments
(increase) / decrease in long-term receivables
net cash utilized in investing activities
share capital issued
acquistion of treasury stock
dividends paid to minority shareholders
dividends paid to shareholders
contributions from minority shareholders
proceeds from borrowings
repayment of debt
movement in bank overdraft
net cash (utilized in) / provided by financing activities
translation effects on cash and cash equivalents of foreign entities
net increase / (decrease) in cash and cash equivalents
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year

Sasol Limited(NYSE:SSL)

Sasol Limited
(NYSE:SSL)