Go Back Email this Link to a friend

Sol - Sasol Limited - Clarification Of Recent Media Reports

Release Date: 27/07/2011 17:06:33      Code(s): SOL SOLBE1
SOL - Sasol Limited - Clarification of recent media reports                     
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
Sasol Ordinary Share codes:   JSE : SOL      NYSE : SSL                         
Sasol Ordinary ISIN codes:    ZAE000006896   US8038663006                       
Sasol BEE Ordinary Share code:     JSE : SOLBE1                                 
Sasol BEE Ordinary ISIN code:      ZAE000151817                                 
("Sasol")                                                                       
Clarification of recent media reports                                           
Recent media reports emanating from an interview with a managing director of a  
Sasol subsidiary, Sasol Synfuels, may have created certain impressions which may
have been misleading. We will not respond to the reports in their entirety, but 
wish to provide context to some of the statements made.                         
The reports state that Sasol expects to produce 7.3 million tons of product at  
Sasol Synfuels for the 2012 financial year. In fact, 7.3 million tons refers to 
the Sasol Synfuels baseline production capacity.  Sasol Synfuels` growth        
programme will improve volumes from this baseline. Sasol Synfuels has a growth  
plan in place and we are focusing on implementing this programme, as opposed to 
developing a new growth plan. Our growth plans remain on track.                 
The strike that is currently underway has had a negligible impact on the growth 
programme. Production at the plant has already been ramped up and we continue to
monitor the situation.                                                          
Johannesburg                                                                    
27 July 2011                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Forward-looking statement - Disclaimer:                                         
Sasol may, in this announcement, make certain statements that are not historical
facts and relate to analyses and other information which are based on forecasts 
of future results and estimates of amounts not yet determinable. These          
statements may also relate to our future prospects, developments and business   
strategies. Examples of such forward-looking statements include, but are not    
limited to, statements regarding exchange rate fluctuations, volume growth,     
increases in market share, total shareholder return, resource volumes and values
and cost reductions. Words such as "believe", "anticipate", "expect", "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.                         
By their very nature, forward-looking statements involve inherent risks and     
uncertainties, both general and specific, and there are risks that the          
predictions, forecasts, projections and other forward-looking statements will   
not be achieved. If one or more of these risks materialise, or should underlying
assumptions prove incorrect, our actual results may differ materially from those
anticipated. You should understand that a number of important factors could     
cause actual results to differ materially from the plans, objectives,           
expectations, estimates and intentions expressed in such forward-looking        
statements. Some of these factors are discussed more fully in our most recent   
annual report under the Securities Exchange Act of 1934 on Form 20-F filed on 28
September 2010 and in other filings with the United States Securities and       
Exchange Commission. The list of factors discussed therein is not exhaustive;   
when relying on forward-looking statements to make investment decisions, you    
should carefully consider both these factors and other uncertainties and events.
Forward-looking statements apply only as of the date on which they are made, and
we do not undertake any obligation to update or revise any of them, whether as a
result of new information, future events or otherwise.                          
Date: 27/07/2011 17:06:33 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
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.