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Sasol -group Interim Results And Declaration Of Dividend

Release Date: 06/03/2006 07:00:05      Code(s): SOL
Sasol -Group interim results and declaration of dividend                        
Sasol Limited                                                                   
(Incorporated in South Africa)                                                  
(Registration number: 1979/003231/06)                                           
ISIN Code: ZAE000006896                                                         
Share Code: SOL                                                                 
NYSE Code: SSL                                                                  
("Sasol")                                                                       
Sasol limited group interim financial report and declaration of dividend number 
53 for the six months ended 31 December 2005                                    
-    Significant earnings growth                                                
-    Higher international oil prices                                            
-    Major capital projects advanced - R6,1 billion                             
-    Gearing reduces to 29%                                                     
-    Interim dividend increased by 22%                                          
Balance sheet                                                                   
at                                31 Dec       31 Dec      30 June              
                                  2005         2004        2005                 
                                  Reviewed     Reviewed    Audited              
Restated    Restated             
                                  Rm           Rm          Rm                   
ASSETS                                                                          
Property, plant and equipment     60 796       50 672      56 550               
Goodwill                          483          580         509                  
Intangible assets                 1 763        1 987       1 900                
Post-retirement benefit assets    275          231         300                  
Deferred tax assets               416          507         409                  
Other long-term assets            2 570        1 908       2 212                
Non-current assets                66 303       55 885      61 880               
Investment held-for-sale          41           -           41                   
Inventories                       11 001       9 208       9 995                
Trade and other receivables       12 832       11 346      12 384               
Short-term financial assets       17           8           178                  
Cash restricted for use           598          447         1 002                
Cash                              2 940        2 974       2 509                
Current assets                    27 429       23 983      26 109               
Total assets                      93 732       79 868      87 989               
EQUITY AND LIABILITIES                                                          
Shareholders" equity              48 665       37 494      43 533               
Minority interest                 313          379         253                  
Total equity                      48 978       37 873      43 786               
Long-term debt                    13 754       10 746      12 951               
Long-term provisions              3 458        2 430       2 954                
Post-retirement benefit                                                         
obligations                       2 998        2 843       2 970                
Long-term deferred income         1 020        221         763                  
Deferred tax liability            6 446        6 164       6 286                
Non-current liabilities           27 676       22 404      25 924               
Short-term debt                   1 987        4 609       3 300                
Short-term financial liabilities  838          2 127       792                  
Other current liabilities         13 096       9 455       11 572               
Bank overdraft                    1 157        3 400       2 615                
Current liabilities               17 078       19 591      18 279               
Total equity and liabilities      93 732       79 868      87 989               
Income statement                                                                
for the period ended              half-year    half-year   full year            
                                  31 Dec       31 Dec      30 June              
                                  2005         2004        2005                 
                                  Reviewed     Reviewed    Audited              
Restated    Restated             
                                  Rm           Rm          Rm                   
Turnover                          40 256       33 806      69 239               
Cost of sales and services                                                      
rendered                          (22 981)     (21 496)    (42 267)             
Gross profit                      17 275       12 310      26 972               
Non-trading income                165          227         417                  
Marketing and distribution                                                      
expenditure                       (2 590)      (2 652)     (5 097)              
Administrative expenditure        (1 877)      (1 955)     (4 075)              
Other operating expenditure       (1 376)      (926)       (3 802)              
Share-based payment expense       (84)         (68)        (137)                
Currency translation losses       (418)        (457)       91                   
Operating profit                  11 095       6 479       14 369               
Dividends and interest received   142          68          149                  
Income from associates            81           81          184                  
Borrowing costs (net of costs                                                   
capitalised)                      (269)        (362)       (587)                
Net income before tax             11 049       6 266       14 115               
Taxation                          (3 662)      (2 293)     (4 568)              
Earnings                          7 387        3 973       9 547                
Attributable to                                                                 
Shareholders                      7 295        3 915       9 437                
Minority shareholders             92           58          110                  
7 387        3 973       9 547                
Basic earnings per share                                                        
- attributable earnings basis                                                   
cents                             1 179        639         1 537                
- headline earnings basis                                                       
cents                             1 158        692         1 727                
Diluted earnings per share*                                                     
- attributable earnings basis                                                   
cents                             1 152        629         1 511                
- headline earnings basis                                                       
cents                             1 131        681         1 697                
Dividends per share                                                             
- interim**      cents            280          230         230                  
- final          cents                                     310                  
* Taking the Sasol Share Incentive Scheme into account.                         
** The interim dividend was declared subsequent to 31 December 2005 and is      
presented for information purposes only. No provision regarding this interim    
dividend has been recognised.                                                   
Statement of changes in equity                                                  
for the period ended              half-year    half-year   full year            
31 Dec       31 Dec      30 June              
                                  2005         2004        2005                 
                                  Reviewed     Reviewed    Audited              
                                               Restated    Restated             
Rm           Rm          Rm                   
Balance at beginning of period                                                  
as previously reported                         35 400      35 400               
Share-based payment expense                                                     
- prior year adjustment                        2           2                    
Balance at beginning of                                                         
period restated                   43 786       35 402      35 402               
Negative goodwill written off     -            610         610                  
Shares issued during period       258          129         311                  
Earnings for period               7 295        3 915       9 437                
As previously reported                         3 983       9 573                
Share-based payment expense                    (68)        (136)                
Dividends paid                    (1 920)      (1 440)     (2 856)              
Movement in foreign currency                                                    
translation reserve               (629)        (745)       313                  
Increase in share-based payment                                                 
expense reserve                   84           68          137                  
Movement in cash flow hedge                                                     
accounting reserve                44           (72)        552                  
Movement in minority interest     60           6           (120)                
Balance at end of period          48 978       37 873      43 786               
Comprising                                                                      
Share capital                     3 461        3 021       3 203                
Accumulated earnings              50 410       40 933      45 035               
Foreign currency translation                                                    
reserve                           (1 965)      (2 398)     (1 336)              
Share repurchase programme        (3 647)      (3 647)     (3 647)              
Share-based payment expense                                                     
reserve                           695          542         611                  
Investment fair value reserve     2            2           2                    
Cash flow hedge accounting                                                      
reserve                           (291)        (959)       (335)                
Shareholders" equity              48 665       37 494      43 533               
Minority interest                 313          379         253                  
Total equity                      48 978       37 873      43 786               
segment report                    half-year    half-year   full-year            
Dec 2005     Dec 2004    June 2005            
                                  Rm           Rm          Rm                   
Contribution to group turnover                                                  
Mining                            705          626         1 471                
Synfuels                          462          408         820                  
Liquid Fuels Business             15 539       11 091      23 525               
Gas                               814          715         1 408                
Synfuels International            119          -           -                    
Olefins and Surfactants           9 835        8 791       18 040               
Polymers                          3 907        3 617       7 199                
Solvents                          4 364        3 875       8 063                
Other                             4 511        4 683       8 713                
40 256       33 806      69 239               
                                  half-year    half-year   full-year            
                                  Dec 2005     Dec 2004    June 2005            
                                               Restated    Restated             
Rm           Rm          Rm                   
Operating profit*                                                               
Mining                            636          533         1 239                
Synfuels                          7 336        3 686       7 546                
Liquid Fuels Business             1 125        763         1 892                
Gas                               780          470         931                  
Synfuels International            (256)        (52)        (201)                
Olefins and Surfactants           290          (136)       (231)                
Polymers                          394          569         1 475                
Solvents                          516          551         1 238                
Other                             274          95          480                  
                                  11 095       6 479       14 369               
*Taking into account the effect of capital items. Refer salient features for    
further detail.                                                                 
Cash flow statement                                                             
for the period ended              half-year    half-year   full year            
31 Dec       31 Dec      30 June              
                                  2005         2004        2005                 
                                  Reviewed     Reviewed    Audited              
                                  Rm           Rm          Rm                   
Cash receipts from customers      39 461       33 506      68 263               
Cash paid to suppliers and                                                      
employees                         (27 310)     (25 703)    (49 451)             
Cash generated by operating                                                     
activities                        12 151       7 803       18 812               
Investment income                 144          92          169                  
Borrowing costs paid              (688)        (729)       (1 523)              
Tax paid                          (1 732)      (1 785)     (3 753)              
Dividends paid                    (1 920)      (1 440)     (2 856)              
Cash retained from operating                                                    
activities                        7 955        3 941       10 849               
Additions to property, plant                                                    
and equipment                     (6 044)      (5 781)     (12 414)             
Acquisition of businesses         (147)        -           -                    
Disposal of businesses            596          24          36                   
Cash disposed of on disposal                                                    
of businesses                     (1)          (47)        (94)                 
Other net (expenditure in)/                                                     
proceeds from investing                                                         
activities                        (328)        192         245                  
Cash utilised in investing                                                      
activities                        (5 924)      (5 612)     (12 227)             
Share capital issued              258          129         311                  
Dividends paid to minority                                                      
shareholders                      (39)         (53)        (64)                 
Increase in long-term debt        335          2 172       4 165                
(Decrease)/increase in                                                          
short-term debt                   (1 010)      1 081       (440)                
Cash effect of financing                                                        
activities                        (456)        3 329       3 972                
Translation effects on cash                                                     
and cash equivalents of foreign                                                 
entities                          (90)         (114)       (175)                
Increase in cash and cash                                                       
equivalents                       1 485        1 544       2 419                
Cash and cash equivalents*                                                      
- balance at end of period        2 381        21          896                  
- less balance at beginning of                                                  
period                            896          (1 523)     (1 523)              
Increase in cash and cash                                                       
equivalents                       1 485        1 544       2 419                
*Comprising cash restricted for use, cash and bank overdraft.                   
Salient features                                                                
for the period ended              half-year    half-year   full year            
31 Dec       31 Dec      30 June              
                                  2005         2004        2005                 
                                               Restated    Restated             
                                  Rm           Rm          Rm                   
Selected ratios                                                                 
Operating margin      %           27,6         19,2        20,8                 
Borrowing cost cover                                                            
times                             16,5         9,1         9,6                  
Dividend cover                                                                  
times                             4,2          2,8         2,8                  
Share statistics                                                                
Total shares in issue                                                           
million                           680,5        673,9       676,9                
Treasury shares (share                                                          
repurchase programme)                                                           
million                           60,1         60,1        60,1                 
Weighted average number of shares                                               
million                           618,5        612,4       613,8                
Diluted weighted average                                                        
number of shares                                                                
million                           633,0        622,5       624,4                
Share price (closing)                                                           
Rand                              226,50       121,00      180,80               
Market capitalisation                                                           
Rm                                154 133      81 542      122 379              
Net asset value per share                                                       
Rand                              78,45        61,08       70,58                
Other financial information                                                     
Total debt (including bank                                                      
overdraft)                                                                      
- interest bearing                                                              
Rm                                16 598       18 731      18 865               
- non-interest bearing                                                          
Rm                                300          24          1                    
Borrowing costs capitalised                                                     
Rm                                536          434         1 116                
Capital commitments                                                             
- authorised and contracted                                                     
Rm                                10 249       9 877       11 429               
- authorised, not yet contracted                                                
Rm                                5 008        10 787      7 740                
Guarantees and contingent                                                       
liabilities                                                                     
- total amount                                                                  
Rm                                31 979       27 974      33 122               
- liability on balance sheet                                                    
Rm                                10 986       6 689       11 230               
Significant items in operating                                                  
profit                                                                          
- employee costs                                                                
Rm                                4 597        4 748       8 782                
- depreciation of property,                                                     
plant and equipment                                                             
Rm                                1 783        1 803       3 591                
Effective tax rate                                                              
%                                 33,1         36,6        32,4                 
Number of employees                                                             
number                            30 185       30 150      30  004              
Reconciliation of headline                                                      
earnings                          Rm           Rm          Rm                   
Attributable earnings             7 295        3 915       9 437                
Capital effects                   (200)        221         1 275                
Impairment of assets              99           242         1 078                
Reversal of impairment            (140)        -           -                    
Profit on disposal of business    (199)        -           (40)                 
Profit on sale of participation                                                 
rights in GTL                     -            (33)        (33)                 
Profit on disposal of assets      (12)         (9)         (20)                 
Scrapping of property, plant and                                                
equipment                         52           21          290                  
Deferred tax asset written off    -            111         122                  
Tax effect on reconciling items   67           (7)         (235)                
Headline earnings                 7 162        4 240       10 599               
Capital effects by operating segment                                            
Mining                            (2)          6           23                   
Synfuels                          (29)         (14)        (110)                
Liquid Fuels Business             (7)          (6)         (63)                 
Gas                               133          -           -                    
Synfuels International            -            33          33                   
Olefins and Surfactants           121          (248)       (783)                
Polymers                          5            (11)        (12)                 
Solvents                          -            -           (382)                
Other                             (21)         19          19                   
                                  200          (221)       (1 275)              
The reader is referred to the definitions contained in the 2005 Sasol Limited   
annual financial statements.                                                    
A pleasing performance                                                          
Attributable earnings for the first half of the financial year 2006 (the        
"interim period") increased by 86% from R3,9 billion to R7,3 billion. Headline  
earnings per share increased by 67% to R11,58. In US dollar terms, attributable 
earnings per share of US$1,81 represented a 76% increase.                       
IFRS 2, which refers to share-based payments, applied from 1 July 2005 resulted 
in attributable earnings diluting by R84 million and headline earnings per share
reducing by 14 cents during the interim period. Previous years" comparative     
information has been restated accordingly.                                      
Higher international oil prices                                                 
Operating profit increased by R4,6 billion (71%) to R11,1 billion. Higher       
average international oil prices (dated Brent US$59,21/b versus US$42,77/b)     
boosted operating profit by about R2,9 billion, taking into account the negative
effect of the Sasol Synfuels oil production hedge incurred in the previous      
reporting period of R0,7 billion. This benefit was enhanced by the positive     
impact of the weaker rand (average rate R6,52: US$1,00 versus R6,21: US$1,00),  
which increased operating profit by approximately R0,6 billion.                 
The currency effects manifested themselves across all of Sasol"s businesses. The
benefit of higher international oil prices was, however, only realised in the   
energy and fuel-related businesses with adverse effects being experienced in the
chemical businesses because of higher oil-derivative feedstock costs.           
Furthermore, margins were adversely affected in most of the chemical businesses 
by a reduction in international chemical commodity prices.                      
Major capital projects advanced                                                 
Cash flow capital expenditure amounted to R6,1 billion. Major projects advanced 
included the fuel quality enhancement and polymer expansion project (Project    
Turbo) in South Africa, the Oryx gas to-liquids (GTL) venture in Qatar and the  
Arya Sasol polymers project in Iran.                                            
Gearing reduced                                                                 
Gearing (net debt as a percentage of shareholders" equity) reduced from 42% at  
31 December 2004 to 29%. Gearing is expected to return to within our targeted   
range of 30% to 50% by the end of the financial year 2006.                      
Interim dividend increased                                                      
The interim dividend declared of R2,80 per share represents a 22% increase      
compared to the previous interim dividend declared.                             
Sasol mining                                                                    
The operating profit of Sasol Mining of R636 million was R103 million (19%)     
better than the previous comparable reporting period, mainly because of slightly
higher sales volumes and selling prices.                                        
Sasol synfuels                                                                  
Primarily because of higher oil prices and slightly higher production volumes,  
Sasol Synfuels achieved an increase in operating profit of 99% to R7 336        
million. The increase in production volumes resulted from the shift of a planned
shutdown from September 2005 to September 2006. Higher intake of natural gas    
from Mozambique also contributed to improved plant stability. Regrettably, a    
number of short, unscheduled shutdowns occurred during the period under review. 
The causes are being addressed to avoid reoccurrence.                           
Sasol liquid fuels business                                                     
Higher refinery margins, improved sales volumes and some benefit from a weaker  
rand increased operating profit in our liquid fuels business by 47% to R1 125   
million.                                                                        
The expansion of the dual brand (Sasol and Exel) retail network advanced        
successfully and market share objectives were met.                              
The proposed merging of our liquid fuels business with Engen was considered at  
the Competition Tribunal during October 2005. The ruling announced by the       
Competition Tribunal on 23 February 2006, prohibiting the merger, is being      
studied and a response is being formulated together with Petronas of Malaysia.  
The Black Economic Empowerment (BEE) component of this merger advanced          
successfully with the announcement during the period under review of our broad- 
based Tshwarisano LFB Investments transaction. Likewise, the implications of the
ruling on this transaction are being considered.                                
Sasol gas                                                                       
Primarily driven by higher selling prices and moderate sales volume increases,  
both to external customers and Sasol businesses, operating profit increased by  
66% to R780 million including a capital profit of R199 million. On 1 July 2005  
the South African Government, through its gas pipeline development company iGas,
acquired a 25% stake in Republic of Mozambique Pipeline Investments Company     
(Pty) Limited (ROMPCO), which owns the natural gas pipeline between Mozambique  
and South Africa.                                                               
Sasol synfuels international                                                    
This business hosts the growth ambitions of the group relating to GTL and coal- 
to-liquid (CTL) ventures. Its costs are associated with advancing the Qatar and 
Nigeria GTL projects and evaluating others in accordance with our strategic     
objective to build these global businesses. Costs rose to R256 million in this  
period as a direct consequence of increased activity in this respect. We expect 
our Oryx GTL plant to come into operation during the second quarter of 2006.    
Sasol olefins and surfactants (O&S)                                             
The operating profit of Sasol O&S of R290 million is R426 million better than   
the operating loss achieved during the previous comparable reporting period,    
mainly because of non-recurring impairment costs incurred during the previous   
period and the reversal of impairment costs relating to the Octene train-3      
project that were previously written off. Excluding these capital effects, the  
operating profit amounted to R169 million, which was R57 million (51%) higher   
than the first half of the previous financial year.                             
Oil-derivative feedstock costs reached record high levels although most of these
increases were recovered through increased product pricing and continuing cost  
optimisation initiatives. The results of O&S were also negatively impacted by   
Hurricane Rita which caused our Lake Charles site to close down for almost a    
month. Towards the end of the reporting period, detergent-range alcohol prices  
started to come under pressure in anticipation of significant oleochemical-based
capacity additions coming on stream in South East Asia.                         
Sasol polymers                                                                  
Higher oil-derivative feedstock costs from Sasol Synfuels could not be fully    
recovered through higher polymer selling prices resulting in significantly      
depressed margins. Sasol Polymers achieved an operating profit of R394 million, 
which was 31% lower than the comparable result of the previous period.          
Sasol solvents                                                                  
After an extraordinary previous year characterised by unprecedented high selling
prices and margins, market conditions in the solvents industry normalised.      
Operating profit of R516 million was                                            
R35 million (6%) lower than the comparable result of the previous reporting     
period.                                                                         
Other businesses                                                                
Sasol Nitro"s performance improved because of higher ammonia prices and pleasing
results from our explosives business. The fertiliser business experienced       
trading difficulties because of lower sales resulting from high maize           
inventories and reduced plantings because of late rains.                        
The operating profit of Sasol Wax was lower than in the previous period mainly  
because of currency effects and higher oil-derivative feedstock cost increases  
that were not recovered through selling prices.                                 
Basis of preparation and accounting policies                                    
The condensed consolidated interim financial report for the six months ended 31 
December 2005 has been prepared in compliance with the Listings Requirements of 
the JSE Limited, International Financial Reporting Standards (IFRS) (in         
particular International Accounting Standard 34 Interim Financial Reporting) and
the South African Companies Act, 1973, as amended.                              
Except as otherwise disclosed, the accounting policies applied in the           
presentation of the interim financial report are consistent with those applied  
for the year ended 30 June 2005.                                                
The following accounting standards were adopted by Sasol with effect from 1 July
2005:                                                                           
IFRS2 Share-based payment (with retrospective application);                     
IFRS4 Insurance contracts;                                                      
IAS21 The effect of changes in foreign exchange rates;                          
IAS24 Related party disclosure;                                                 
IAS32 Financial instruments: disclosure and presentation; and                   
IAS39 Financial instruments: recognition and measurement.                       
The provisions of IFRS2 Share-based payment have been applied retrospectively   
and comparative information restated accordingly. IFRS2 requires that every     
business accounts for the effects of its share-based payment expenses on profit 
and its financial position, including the effects of share options granted to   
employees. The effect of the adoption of this standard is set out in the interim
financial report.  Basic earnings and diluted earnings per share were reduced by
11 cents for the six months ended 31 December 2004 and 22 cents for the year    
ended 30 June 2005.                                                             
The adoption of the remaining standards had no material effect on the financial 
results and financial position of the group.                                    
Further details will be provided in the annual report for the year ending 30    
June 2006.                                                                      
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 businesses                                                          
On 1 July 2005, a 25% interest in Republic of Mozambique Pipeline Investments   
Company (Pty) Limited was sold to iGas (Pty) Limited in terms of the            
shareholders" agreement.  A profit of R199 million was realised on this         
transaction.                                                                    
The group is advancing the process of preparing its Olefins & Surfactants       
business for sale.                                                              
Post-balance sheet date events                                                  
The 2006 budget presented by the Minister of Finance, South Africa, made        
reference to a task force being appointed to investigate a windfall tax which   
may affect Sasol.  The company is still studying the proposals and will be      
engaging with government to obtain further information on the proposed          
investigation. Sasol will cooperate with the proposed task force and is         
confident that, once all of the pertinent facts have been scrutinised, an       
outcome will result in which the interests of all stakeholders would be         
addressed.                                                                      
On 23 February 2006, the South African Competition Tribunal prohibited the      
merger between Sasol Oil (Pty) Limited and Engen Limited.                       
Changes in contingent liabilities since 30 June 2005                            
The South African Competition authorities received a complaint against Sasol Oil
(Pty) Limited in April 2003.  The competition authorities found against Sasol   
that it was a dominant firm whose conduct met the test required in establishing 
prohibited price discrimination. The company filed a notice of appeal, which was
heard and upheld by the South African Competition Appeal Court.                 
Principal foreign currency conversion rates                                     
The economic indicators used in preparing the interim report were:              
One unit of foreign          31 Dec    31 Dec    30 June                        
currency equals              2005      2004      2004                           
Rand/US$ (closing rate)      6,33      5,66      6,67                           
Rand/US$ (average rate)      6,52      6,21      6,21                           
Rand/euro (closing rate)     7,49      7,70      8,07                           
Rand/euro (average rate)     7,85      7,82      7,89                           
independent review by the auditors                                              
The condensed consolidated balance sheet at 31 December 2005 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   
unmodified review report is available for inspection at the registered office of
Sasol Limited.                                                                  
Profit outlook                                                                  
Assuming lower oil and commodity chemical prices and a stronger rand relative to
the first half, earnings in the second half of the financial year are expected  
to be considerably lower than the first half year although pleasing growth in   
earnings for the full financial year is anticipated.                            
Declaration of interim dividend number 53                                       
The directors of Sasol Limited have declared an interim dividend of 280 cents   
per share (2004: 230 cents per share) for the six months to 31 December 2005.   
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, 31 March 2006                     
Trading ex dividend commences         Monday, 3 April 2006                      
Record date                           Friday, 7 April 2006                      
Dividend payment date (electronic                                               
and certificated register)            Monday, 10 April 2006                     
On 10 April 2006, 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, 10 April 2006.                                                       
Share certificates may not be dematerialised or rematerialised between Monday, 3
April 2006 and Friday, 7 April 2006, both days inclusive.                       
To holders of American Depositary Receipts:                                     
Ex dividend on New York Stock                                                   
Exchange                              Wednesday, 5 April 2006                   
Record date                           Friday, 7 April 2006                      
Approximate date for currency                                                   
conversion                            Tuesday, 11 April 2006                    
Approximate dividend payment date     Thursday, 20 April 2006                   
On behalf of the board                                                          
P V Cox         L P A Davies          T S Munday                                
Chairman        Chief executive       Deputy chief executive and                
Chief financial officer                   
Sasol Limited                                                                   
6 March 2006                                                                    
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 26 October 2005 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.                                        
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 V Cox (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),                                                          
(executive):                                                                    
L P A Davies (Chief executive),                                                 
T S Munday (Deputy chief executive and chief financial officer),                
V N Fakude                                                                      
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 803866300 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                                                               
website: www.sasol.com                                                          
e-mail: investor.relations@sasol.com                                            
6 March 2006                                                                    
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 06/03/2006 07:00:26 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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