Go Back Email this Link to a friend


Sasol Limited - Interim Financial Report For The Six Months Ended 31 December

Release Date: 07/03/2005 07:00:10      Code(s): SOL
Sasol Limited - Interim financial report for the six months ended 31 December   
2004                                                                            
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
(ISIN: ZAE000006896)                                                            
Share codes:                                                                    
JSE - SOL                                                                       
NYSE - SSL                                                                      
("Sasol")                                                                       
Interim financial report                                                        
and declaration of dividend number 51 for the six months ended 31 December 2004 
- significant earnings growth                                                   
- adverse currency effects partly offset by higher oil prices                   
- major improvement in chemicals performance                                    
- capital projects advanced - gearing at 42%                                    
- interim dividend increased by 7%                                              
- strategic growth drivers                                                      
- grow a global gas-to-liquid (GTL) business                                    
- grow our chemicals portfolio                                                  
- exploit upstream hydrocarbon opportunities                                    
                                             Dec-2004   Dec-2003                
                                             Rm         Rm                      
Contribution to group turnover                                                  
Mining                                       626        432                     
Synfuels                                     408        881                     
Liquid Fuels Business                        11 091     9 188                   
Gas                                          715        695                     
Olefins and Surfactants                      8 791      8 349                   
Polymers                                     3 617      3 040                   
Solvents                                     3 875      2 812                   
Other                                        4 683      4 469                   
                                             33 806     29 866                  
                                             Dec-2004   Dec-2003                
                                             Rm         Rm                      
Operating profit                                                                
Mining                                       537        521                     
Synfuels                                     3 693      2 240                   
Liquid Fuels Business                        767        611                     
Gas                                          471        197                     
Synfuels International                       (51)       (63)                    
Olefins and Surfactants                      (131)      (38)                    
Polymers                                     574        244                     
Solvents                                     553        87                      
Other                                        134        180                     
                                             6 547      3 979                   
Balance sheet at                                                                
31 Dec    31 Dec    30 June             
                                        2004      2003      2004                
                                        reviewed  reviewed  audited             
                                        Rm        Rm        Rm                  
ASSETS                                                                          
Property, plant and equipment           50 672    44 325    46 858              
Goodwill (and negative goodwill)         580       (50)      92                 
Intangible assets                       1 987     2 188     2 236               
Post-retirement benefit assets          231       423       239                 
Deferred tax assets                     507       296       306                 
Other long-term assets                  1 908     1 742     1 877               
Non-current assets                      55 885    48 924    51 608              
Inventories                             9 208     8 120     8 292               
Trade and other receivables             11 346    10 435    10 971              
Short-term financial assets             8         57        25                  
Cash restricted for use                 447       338       527                 
Cash                                    2 974     2 761     2 063               
Current assets                          23 983    21 711    21 878              
Total assets                            79 868    70 635    73 486              
EQUITY AND LIABILITIES                                                          
Shareholders" equity                    37 492    33 454    35 027              
Minority interest                       381       262       373                 
Total equity                            37 873    33 716    35 400              
Long-term debt                          10 746    6 390     9 110               
Long-term provisions                    2 430     2 448     2 362               
Post-retirement benefit obligations     2 843     2 634     2 724               
Long-term deferred income               221       105       237                 
Deferred tax liability                  6 164     6 057     5 768               
Non-current liabilities                 22 404    17 634    20 201              
Short-term debt                         4 609     6 467     3 265               
Short-term financial liabilities        2 127     1 233     1 205               
Other current liabilities               9 455     8 842     9 302               
Bank overdraft                          3 400     2 743     4 113               
Current liabilities                     19 591    19 285    17 885              
Total equity and liabilities            79 868    70 635    73 486              
Income statement for the period ended                                           
half-year  half-year  full year            
                                     31 Dec     31 Dec     30 June              
                                     2004       2003       2004                 
                                     reviewed   reviewed   audited              
Rm         Rm         Rm                   
Turnover                             33 806     29 866     60 151               
Cost of sales and services                                                      
rendered                             (21 496)   (19 692)   (38 794)             
Gross profit                         12 310     10 174     21 357               
Non-trading income                   227        234        343                  
Marketing and distribution                                                      
expenditure                          (2 652)    (2 417)    (4 920)              
Administrative expenditure           (1 955)    (2 011)    (3 744)              
Other operating expenditure          (926)      (1 400)    (2 687)              
Translation losses                   (457)      (601)      (1 035)              
Operating profit                     6 547      3 979      9 314                
Dividends and interest received      68         105        190                  
Income from associates               81         34         117                  
Borrowing costs                      (362)      (137)      (439)                
Net income before tax                6 334      3 981      9 182                
Taxation                             (2 293)    (1 454)    (3 175)              
Net income after tax                 4 041      2 527      6 007                
Minority interest                    (58)       (41)       (67)                 
Attributable earnings                3 983      2 486      5 940                
Basic earnings per share                                                        
- attributable earnings                                                         
basis                        cents   650        408        974                  
- headline earnings basis    cents   703        397        934                  
Diluted earnings per share*                                                     
- attributable earnings                                                         
basis                        cents   640        404        964                  
- headline earnings basis    cents   692        393        925                  
Dividends per share                                                             
- interim**                  cents   230        215        215                  
- final                      cents                         235                  
*Taking the Sasol Share Incentive Scheme into account.                          
**The interim dividend was declared subsequent to 31 December 2004 and is       
presented for information purposes only. No provision regarding this interim    
dividend has been recognised.                                                   
Statement of changes in shareholders" equity for the period ended               
half-year  half-year  full year             
                                    31 Dec     31 Dec     30 June               
                                    2004       2003       2004                  
                                    reviewed   reviewed   audited               
Rm         Rm         Rm                    
Balance at beginning of period      35 027     33 518     33 518                
Negative goodwill written off       610        -          -                     
Shares issued during period         129        60         109                   
Shares repurchased during period    -          (33)       (33)                  
Attributable earnings for period    3 983      2 486      5 940                 
Dividends paid                      (1 440)    (1 431)    (2 745)               
Foreign currency translations       (745)      (1 022)    (1 217)               
Effect of cash flow hedge                                                       
accounting                          (72)       (124)      (545)                 
Balance at end of period            37 492     33 454     35 027                
Comprising                                                                      
Share capital                       3 021      2 843      2 892                 
Accumulated earnings                41 473     36 096     38 236                
Foreign currency translation                                                    
reserve                             (2 398)    (1 374)    (1 569)               
Share repurchase programme          (3 647)    (3 647)    (3 647)               
Investment fair value reserve       2          2          2                     
Cash flow hedge accounting reserve  (959)      (466)      (887)                 
Shareholders" equity                37 492     33 454     35 027                
Cash flow statement for the period ended                                        
                                    half-year  half-year  full year             
                                    31 Dec     31 Dec     30 June               
                                    2004       2003       2004                  
reviewed   reviewed   audited               
                                    Rm         Rm         Rm                    
Cash receipts from customers        33 506     30 175     59 952                
Cash paid to suppliers and                                                      
employees                           (25 703)   (23 246)   (44 801)              
Cash generated by operating                                                     
activities                          7 803      6 929      15 151                
Investment income                   92         134        230                   
Borrowing costs paid                (729)      (737)      (1 384)               
Tax paid                            (1 785)    (1 841)    (3 963)               
Dividends paid                      (1 440)    (1 431)    (2 745)               
Cash retained from operating                                                    
activities                          3 941      3 054      7 289                 
Additions to property, plant                                                    
and equipment                       (5 781)    (4 515)    (10 888)              
Acquisition of businesses           -          (323)      (555)                 
Cash acquired on acquisition                                                    
of businesses                       -          14         163                   
Disposal of businesses              24         1          283                   
Cash disposed of on disposal                                                    
of businesses                       (47)       -          (2)                   
Other net investing activities      192       (260)       (29)                  
Cash utilised in investing                                                      
activities                          (5 612)   (5 083)     (11 028)              
Share capital issued                129       60          109                   
Share repurchase programme          -         (33)        (33)                  
Dividends paid to minority                                                      
shareholders                        (53)      (26)        (37)                  
Contributions from minority                                                     
shareholders                        -         -           75                    
Increase in long-term debt          2 172     1 491       4 386                 
Increase/(decrease) in                                                          
short-term debt                     1 081     386         (2 616)               
Cash effect of financing                                                        
activities                          3 329     1 878       1 884                 
Translation effects on cash                                                     
and cash equivalents of                                                         
foreign entities                    (114)     (76)        (251)                 
Increase/(decrease) in cash                                                     
and cash equivalents                1 544     (227)       (2 106)               
Cash and cash equivalents                                                       
- balance at end of period          21        356         (1 523)               
- less balance at beginning                                                     
of period                           (1 523)   583         583                   
Increase/(decrease) in cash                                                     
and cash equivalents                1 544     (227)        (2 106)              
Salient features for the period ended                                           
                                    half-year  half-year  full year             
31 Dec     31 Dec     30 June               
                                    2004       2003       2004                  
Selected ratios                                                                 
Operating margin           %        19,4       13,3       15,5                  
Borrowing cost cover       times    9,2        5,8        7,0                   
Dividend cover   times              2,8        1,9        2,2                   
Share statistics                                                                
Total shares in issue      million  673,9      670,2      671,3                 
Treasury shares                                                                 
(share repurchase                                                               
programme)                 million  60,1       60,1       60,1                  
Weighted average number                                                         
of shares                  million  612,4      609,4      610,0                 
Diluted weighted average                                                        
number of shares           million  622,5      616,0      616,2                 
Share price (closing)      cents    12 100     9 500      9 610                 
Market capitalisation      Rm       81 542     63 669     64 509                
Net asset value per share cents    6 108      5 484      5 731                  
Other financial information                                                     
Total debt                                                                      
(including bank overdraft)                                                      
- interest bearing         Rm       18 731     15 543     16 448                
- non-interest bearing     Rm       24         57         40                    
Borrowing costs                                                                 
capitalised                Rm       434        600        1 105                 
Capital commitments                                                             
- authorised and                                                                
contracted                 Rm       9 877      7 979      10 383                
- authorised, not yet                                                           
contracted                 Rm       10 787     16 961     14 397                
Guarantees and contingent                                                       
liabilities                                                                     
- total amount             Rm       27 974     17 851     25 835                
- outstanding balance                                                           
sheet exposure             Rm       6 689      7 487      9 759                 
Significant items in                                                            
operating profit                                                                
- employee costs           Rm       4 680      4 467      8 731                 
- depreciation of                                                               
property, plant                                                                 
and equipment              Rm       1 803      2 207      4 723                 
Effective tax rate         %        36,2       36,5       34,6                  
Number of employees        number   30 150     30 800     30 910                
Reconciliation of headline                                                      
earnings                            Rm         Rm         Rm                    
Attributable earnings               3 983      2 486      5 940                 
Capital items                       221        41         27                    
Impairment of assets                242        109        342                   
Profit on disposal of                                                           
assets                              (42)       (68)       (341)                 
Scrapping of property,                                                          
plant and equipment                 21         -          26                    
Amortisation of goodwill            -          9          21                    
Amortisation of negative                                                        
goodwill                            -          (112)      (225)                 
Deferred tax asset                                                              
written off                         111        -          -                     
Tax effect on reconciling                                                       
items                               (7)        (4)        (65)                  
Headline earnings                   4 308      2 420      5 698                 
Capital items included in operating profit                                      
Mining                              6          9          17                    
Synfuels                            (14)       9          (3)                   
Liquid Fuels Business               (6)        -          -                     
Synfuels International              33         -          -                     
Olefins and Surfactants             (248)      (4)        (21)                  
Polymers                            (11)       -          59                    
Solvents                            -          20         (18)                  
Other                               19         (75)       (61)                  
                                    (221)      (41)       (27)                  
The reader is referred to the definitions contained in the 2004 Sasol Limited   
annual financial statements.                                                    
Material changes in accounting standards                                        
Sasol adopted the revised International Accounting Standard (IAS) 16 -          
`Property, Plant and Equipment" with effect from 1 July 2004. IAS 16 requires   
that every business performs an assessment of the useful lives of its assets at 
least at the end of each financial year and adjusts depreciation charges        
accordingly. As a consequence, depreciation charges reduced during the period 1 
July 2004 to 31 December 2004 (period under review) by R561 million, mainly in  
Sasol Synfuels and the group"s chemical businesses. This change better reflects 
the expected remaining utilisation of the group"s assets.                       
As International Financial Reporting Standard (IFRS) 3 `Business Combinations"  
became effective at Sasol from the beginning of this financial year, Sasol has  
performed impairment reviews of its goodwill and no longer provides for         
amortisation of goodwill or the recognition of negative goodwill. The existing  
negative goodwill on 1 July 2004, has been written off against opening          
accumulated earnings. The effect on operating profit of these amendments to the 
accounting treatment of goodwill amounts to a decrease of R92 million for the   
half-year.                                                                      
The net impact of these two accounting standard changes on operating profit is, 
therefore, an increase of R469 million for the half-year.                       
The recently announced change in the South African normal income tax rate       
becomes effective on 1 April 2005 and therefore does not affect the period under
review.                                                                         
Overview                                                                        
Operating profit of R6 547 million was 65% higher than the comparable period    
under review. Before accounting standard changes, operating profit of R6 078    
million was 53% higher than the previous half-year result.                      
 The average exchange rate during the period under review of R6,21:US$1,00 was  
12% stronger than the rate (R7,08:US$1,00) of the comparable period under       
review. Including the effect of lower translation losses at the end of the      
period (R0,5 billion versus R0,6 billion), the net adverse impact on operating  
profit of the stronger rand amounted to about R1,6 billion. The associated      
impact on headline earnings was R1,1 billion or a decrease of about 180 cents   
(45%) per share.                                                                
The benefit of higher average international oil prices on operating profit      
(dated Brent US$42,77/bbl versus US$28,73/bbl) net of the Sasol Synfuels" oil   
hedge, amounted to about R1,2 billion. Together with the benefit of higher      
chemical margins, volume increases resulting from new installed capacity,       
productivity improvements and the withdrawal from or disposal of non-core or    
under-performing businesses in the chemicals portfolio, the adverse impact of   
the stronger rand was more than offset.                                         
Headline earnings per share of R7,03 was 77% higher than the comparable period  
under review. Before the accounting standard changes, headline earnings per     
share of R6,40 was 61% higher than the comparable period under review.          
For the period under review, after taking the material accounting standard      
changes into account, in US dollar terms, operating profit of US$1 054 million  
was 88% higher; attributable earnings of US$641 million was 82% higher; earnings
per share of US$1,05 was 81% higher and headline earnings per share of US$1,13  
was 102% higher than the comparable period under review.                        
The material accounting standard changes resulted in an increase in operating   
profit of US$76 million, attributable earnings of US$47 million, earnings per   
share of 8 US cents and headline earnings of 10 US cents above that of the      
comparable period under review.                                                 
Before taking the material accounting standard changes into account, headline   
earnings per share of $1,03 was 84% higher than the comparable period under     
review.                                                                         
Capital expenditure during the period under review amounted to R5,8 billion. The
main projects advanced were:                                                    
Project Turbo - the fuels enhancement and polymers expansion project which is   
scheduled for commissioning from the beginning of 2006;                         
the GTL fuels projects in Qatar and Nigeria which are scheduled for start-up    
during the first quarter of 2006 and the end of 2008 respectively; and          
the Arya Sasol Polymers joint venture to build a world-scale ethane cracker and 
polyethylene plants in Iran, which are scheduled for commissioning from the     
fourth quarter of 2005.                                                         
Gearing, which is defined as a percentage of net debt to shareholders" equity,  
was 42% at 31 December 2004, which is within the targeted range of 30% to 50%   
agreed by the Board.                                                            
The interim dividend declared of 230 cents is 7% higher than the comparable     
period under review and represents a dividend cover of 2,8 times which is a     
return to the preferred dividend cover range of 2,5 to 3,5 times.               
Sasol mining                                                                    
Although production (24 million tons) was 7% lower, operating profit of R537    
million was 3% higher mainly because of higher export coal prices which were    
about 60% above those of the comparable period under review. Coal exports       
represented 8% of total coal sales. The selling price of coal to Sasol Synfuels 
was about the same as in the comparable period under review.                    
Sasol synfuels                                                                  
Operating profit of R3 693 million was R1 453 million (65%) higher than in the  
comparable period under review mainly because of higher oil prices net of the   
hedged 30% portion of production (about R1,9 billion) and a 3% increase in      
production volumes (about R0,2 billion). Adverse currency effects amounted to   
about R0,9 billion. The business benefited from a reduction in depreciation     
charges of R218 million as a result of the accounting changes mentioned above.  
Sasol liquid fuels business                                                     
Operating profit for the period under review of R767 million was 26% higher than
the comparable period under review, mainly because of higher retail sales       
volumes and refining margins, which were partly offset by the effects of the    
stronger rand and higher costs associated with the retail service station roll- 
out.                                                                            
The dual brand retail network, Sasol and Exel, with more than 180 franchised and
140 dealer-owned outlets across South Africa, is advancing successfully. Sasol  
and Petronas agreed the proposed merger of their African liquid fuels businesses
in a joint venture of Sasol Oil and Engen, and approval for this merger is      
awaited from the South African Competition Authorities. The Black Economic      
Empowerment (BEE) component of the planned merger is progressing well.          
Sasol gas                                                                       
The operating profit of R471 million was R274 million (139%) higher than the    
result of the comparable period under review, mainly because of higher sales    
volumes following the introduction of natural gas from Mozambique in March 2004 
and the associated restructuring of the business.                               
Sasol synfuels international                                                    
The roll-out of the GTL fuel strategy continues to advance with the planned     
start-up of the Oryx plant in Qatar during the first quarter of 2006, and the   
anticipated appointment in the second quarter of 2005 of the lump sum           
engineering, procurement and construction contractor for the Escravos plant in  
Nigeria.                                                                        
Sasol olefins and surfactants (O&S)                                             
The operating loss of R131 million was R93 million higher than the loss of the  
comparable period under review mainly because of non-cash adjustments. These    
included the impairment of zeolite producing assets in Italy, the write-off of  
goodwill in Italy and the changed accounting treatment of goodwill. These       
adjustments more than offset the positive effect of the reassessment of asset   
lives and the resulting reduction in depreciation. Compared to the comparable   
period under review the net negative effect of these adjustments amounted to    
R123 million. The cash operating profit improved, therefore, compared to the    
comparable period under review.                                                 
The operating performance of this division improved towards the end of 2004 when
the cost of oil-derivative feedstocks eased and selling price increases were    
achieved in certain sectors.                                                    
Sasol polymers                                                                  
Although the period under review was difficult for Sasol Polymers because of the
unfortunate incident at the Secunda ethylene plant on 1 September 2004, the     
financial performance of this division was most satisfactory with higher        
international and local selling prices compensating for both increased feedstock
costs and contribution losses resulting from the incident. Operating profit     
increased by R330 million (135%) to R574 million.                               
Sasol solvents                                                                  
Operating profit for the period under review increased significantly from R87   
million to R553 million because of higher international and local selling prices
and the benefit of increased volumes resulting from new installed capacity.     
Other                                                                           
The increase in the operating profits of Sasol Nitro and Sasol Wax because of   
improved margin management and the benefits of heightened focus on core         
activities, was more than offset by once-off costs incurred by Sasol Infrachem  
during the commissioning of the natural gas-fed autothermal reformers that have 
replaced the coal-fired gasifiers in Sasolburg.                                 
Profit outlook                                                                  
Assuming exchange rates and international oil and commodity chemical prices     
remain at more-or-less prevailing levels, it is anticipated that attributable   
earnings in the second half of the financial year should be at least equal to   
that achieved during the six-months period ended 31 December 2004.              
Basis of preparation and accounting policies                                    
The condensed consolidated interim financial report for the six months ended 31 
December 2004 has been prepared in compliance with the Listings Requirements of 
the JSE Securities Exchange South Africa, International Financial Reporting     
Standards (IFRS) and the South African Companies Act, 1973, as amended.         
The accounting policies applied in the presentation of the interim financial    
report are consistent with those applied for the year ended 30 June 2004 except 
for the accounting treatment of goodwill and property, plant and equipment which
have been amended as described in the section "material changes in accounting   
standards."                                                                     
As the material accounting standard changes have been applied prospectively with
effect from 1 July 2004, comparative figures have not been restated.            
Further details will be provided in the annual report for the year ending 30    
June 2005.                                                                      
Related party transactions                                                      
The group, in the ordinary course of business, enters into various sale and     
purchase transactions on an arm"s length basis at market rates with related     
parties.                                                                        
Disposal of business                                                            
During the period, Sasol disposed of its investment in Sasol SouthWest Energy   
LLC for R20 million as well as certain other smaller investments.               
post balance sheet date events                                                  
There were no significant post balance sheet date events.                       
principal foreign currency conversion rates                                     
One unit of foreign currency equals         31 Dec  31 Dec  30 Jun              
                                            2004     2003   2004                
                                            Rand     Rand   Rand                
Rand/US$ (closing)                          5,66     6,69   6,21                
Rand/US$ (average)                          6,21     7,08   6,88                
Rand/euro (closing)                         7,70     8,42   7,57                
Rand/euro (average)                         7,82     8,18   8,19                
independent review by the auditors                                              
The condensed consolidated balance sheet at 31 December 2004 and the related    
condensed consolidated statements of income, changes in equity and cash flow for
the six months then ended have been reviewed by our auditors, KPMG Inc. Their   
unqualified review report is available for inspection at the registered office  
of Sasol Limited. An extract from their review report states: "Based on our     
review, conducted in accordance with International Standard on Review           
Engagements 2400, nothing has come to our attention that causes us to believe   
that the accompanying condensed consolidated interim financial statements are   
not fairly presented, in all material respects, in accordance with the          
International Financial Reporting Standards applicable to Interim Financial     
Reporting and in the manner required by the South African Companies Act."       
declaration of interim dividend number 51                                       
The directors of Sasol Limited have declared an interim dividend of 230 cents   
per share (2004: 215 cents per share) for the six months to 31 December 2004.   
The dividend has been declared in the currency of the Republic of South Africa. 
The salient dates are:                                                          
To holders of ordinary shares                                                   
Last day for trading to qualify for                                             
and participate in the dividend                                                 
(cum dividend)                              Friday, 1 April 2005                
Trading ex dividend commences               Monday, 4 April 2005                
Record date                                 Friday, 8 April 2005                
Dividend payment date                                                           
(electronic and certified register)         Monday, 11 April 2005               
On Monday 11 April 2005, dividends due to certificated shareholders on the South
African registry will either be electronically transferred to shareholders" bank
accounts or, in the absence of suitable mandates, dividend cheques will be      
posted to such shareholders.                                                    
Shareholders who have dematerialised their share certificates will have their   
accounts, at their Central Securities Depository Participant or Broker credited 
on Monday, 11 April 2005.                                                       
Share certificates may not be dematerialised or rematerialised between Monday, 4
April 2005 and Friday, 8 April 2005, both days inclusive.                       
To holders of American Depositary Receipts                                      
Ex dividend on New York Stock Exchange         Wednesday, 6 April 2005          
Record date                                    Friday, 8 April 2005             
Approximate date for currency conversion       Tuesday, 12 April 2005           
Approximate dividend payment date              Thursday, 21 April 2005          
On behalf of the board                                                          
P du P Kruger                                                                   
Chairman                                                                        
P V Cox                                                                         
Deputy chairman and chief executive                                             
T S Munday                                                                      
Executive director and chief financial officer                                  
Sasol Limited                                                                   
7 March 2005                                                                    
Forward-looking statements: In this report we make certain statements that are  
not historical facts and relate to analyses and other information based on      
forecasts of future results not yet determinable, relating, amongst other       
things, to exchange rate fluctuations, volume growth, increases in market share,
total shareholder return and cost reductions. These are forward-looking         
statements as defined in the United States Private Securities Litigation Reform 
Act of 1995. Words such as "believe", "anticipate", "intend", "seek", "will",   
"plan", "could", "may", "endeavour" and "project" and similar expressions are   
intended to identify such forward-looking statements, but are not the exclusive 
means of identifying such statements. Forward-looking statements involve        
inherent risks and uncertainties and, if one or more of these risks materialise,
or should underlying assumptions prove incorrect, actual results may be very    
different from those anticipated. The factors that could cause our actual       
results to differ materially from such forward-looking statements are discussed 
more fully in our most recent annual report under the Securities Exchange Act of
1934 on Form 20-F filed on 29 October 2004 and in other filings with the United 
States Securities and Exchange Commission. Forward-looking statements apply only
as of the date on which they are made, and Sasol does not undertake any         
obligation to update or revise any of them, whether as a result of new          
information, future events or otherwise.                                        
Please note: A billion is defined as one thousand million. The financial        
statements are presented on a condensed consolidated basis.                     
Registered office:  Sasol Limited, 1 Sturdee Avenue, Rosebank, Johannesburg     
2196, P.O. Box 5486, Johannesburg 2000                                          
Share registrars: Computershare Investor Services 2004 (Pty) Limited, 70        
Marshall Street, Johannesburg 2001. P.O. Box 61051, Marshalltown 2107, South    
Africa.                                                                         
Tel: +27 11 370-7700.                                                           
Fax: +27 11 370 5271/2                                                          
Directors (non-executive): P du P Kruger (Chairman),  E le R Bradley,  W A M    
Clewlow,  B P Connellan,  M S V Gantsho,  A Jain (Indian),  I N Mkhize, S       
Montsi,  J E Schrempp (German),  C B Strauss                                    
(executive):  P V Cox (Deputy chairman and chief executive),  L P A Davies, T S 
Munday                                                                          
Company secretary: N L Joubert                                                  
Company registration number: 1979/003231/06 , Incorporated in the Republic of   
South Africa                                                                    
ISIN code: ZAE000006896                                                         
Share codes: JSE-SOL                                                            
NYSE-SSL                                                                        
American depositary receipt (ADR) program: Cusip number 543210 ADR to ordinary  
share 1:1                                                                       
Depositary: The Bank of New York, 22nd floor, 101 Barclay Street, New York, N.Y.
10286, U.S.A.                                                                   
For more information visit our website at www.sasol.com                         
e-mail:investor.relations@sasol.com                                             
Date: 07/03/2005 07:00:39 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.