Go Back Email this Link to a friend

Sasol Limited - Cancellation Of S336120 Retirement And Appointment Of Chairman

Release Date: 09/09/2013 10:14:59      Code(s): SOL SOLBE1     
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     US803663006
Sasol BEE Ordinary Share code:   JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(?Sasol? or ?the Company?)


RETIREMENT AND APPOINTMENT OF CHAIRMAN

After seven years on the Sasol board of directors, two as a
non-executive director and five as the Sasol Chairman, Mrs
Hixonia Nyasulu, has indicated that she will step down as
chairman and director of the Company at its annual general
meeting on 22 November 2013. The Sasol board appointed Dr
Mandla Gantsho as chairman of the board of directors of the
company with effect from the close of the 2013 annual general
meeting.

Dr Gantsho?s appointment follows the Chairman Succession
Planning process of the Board, overseen by the Nomination,
Governance, Social and Ethics Committee and driven by Prof
Juergen Schrempp, the Lead Independent Director of Sasol. The
Board has considered the fact that Dr Gantsho had been a
director of the Company for 10 years and confirmed his
independence.

Mrs Nyasulu said: ?It has always been my intention to serve as
chairman for a period of five years and I am pleased the
board?s considered approach to succession planning has made
this possible. I would like to congratulate Mandla on his
appointment and wish him well in his new role. Mandla is a
highly respected board member and I am very pleased to hand-
over the chairmanship of this great company to so competent a
director. These are exciting times for Sasol as the group
executive committee, under David?s sound leadership, shapes
and designs the Sasol of the future.?

Dr Gantsho said: "It is an honour to accept this appointment
as chairman. I would like to thank Hixonia for her outstanding
seven year contribution to Sasol. I am looking forward to
serving this exciting company in a new capacity."

Mr David Constable, the chief executive officer of Sasol said:
?It?s been a great pleasure working with Hixonia. In addition
to being a superb chairman, Hixonia?s warm and constructive
leadership has been an inspiration to me. I wish Hixonia much
success in the future and thank her for the years of guidance
she has given to Sasol. I look forward to working with Mandla,
in his new role as chairman, knowing his expertise and
experience will be beneficial to Sasol and its stakeholders?.

Dr Gantsho qualified as a chartered accountant in 1987 and is
currently the chief executive of Nova Capital Africa. He was
the Vice President Operations: Infrastructure, Private Sector
& Regional Integration of the African Development Bank from
2006 to 2009, and before that, the chief executive officer and
managing director of the Development Bank of Southern Africa.
He is also a director of Impala Platinum Holdings Limited and
the South African Reserve Bank, and chairman of Ithala
Development Finance Corporation.

He has served on the boards of several South African
companies, including Group Five Limited and AfroCentric
Investment Corporation Limited. Dr Gantsho also served as a
Commissioner of the Finance and Fiscal Commission, a body set
up in terms of the South African Constitution to advise the
South African parliament on intergovernmental fiscal transfers
and the Myburgh Commission of Enquiry into the rapid
depreciation of the rand.


9 September 2013
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 09/09/2013 10:14:59 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.