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sasol ltd - bee (SOLBE1) Details

Sasol Limited operates as an integrated energy and petrochemicals company worldwide. The company mines saleable coal; distributes and markets natural gas and methane-rich gas; owns, operates, and maintains cross-border natural gas pipelines; produces coal-based synfuels; produces synthesis gas and converts into synthetic fuel components, chemical feedstock, and pipeline gas; and markets blended fuel products, such as petrol, diesel, jet fuel, illuminating paraffin, liquid petroleum gas, fuel oils, bitumen, motor and industrial lubricants, and sulphur to licensed wholesalers in South Africa. It also supplies ethylene, propylene, polyethylene, polypropylene, polyvinyl chloride, chlor-alkali chemicals, and mining reagents; solvents, co-monomers, acrylates, and associated products; and surfactants, linear alkylbenzene, surfactant intermediates, n-paraffins, n-olefins, C6-C22 alcohols, ethylene, oleochemicals, and other organic intermediates, as well as provides specialty aluminas, silica aluminas, and hydrotalcites. In addition, the company produces and markets chemical products comprising waxes, fertilizers, and mining explosive products, gases, phenol, ortho-cresol, meta-cresol and para-cresol, and a range of blended products consisting of mixtures of phenol, cresols, xylenols, and other phenol derivatives. Further, it is involved in research and development, alternative energy, and financing activities, as well as produces natural gas and condensate from the onshore Pande and Temane fields in Mozambique; oil in Gabon from the offshore Etame, Avouma, and Ebouri oilfield cluster; and shale gas from the Farrell Creek and Cypress A assets in Canada. It has 278 Sasol branded service stations, including 6 Sasol branded integrated energy centers; and 132 Exel service stations in South Africa, as well as exports fuels through third parties to South African Development Community countries. The company was founded in 1950 and is headquartered in Johannesburg, South Africa.

33,400 Employees
Last Reported Date: 09/8/14
Founded in 1950

sasol ltd - bee (SOLBE1) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: R34.5M
Executive Vice President of Southern African ...
Total Annual Compensation: R8.8M
Executive Vice President of Upstream & Busine...
Total Annual Compensation: R8.1M
Executive Vice President of Advisory & Assura...
Total Annual Compensation: R7.6M
Executive Vice President of Energy Business, ...
Total Annual Compensation: R6.1M
Compensation as of Fiscal Year 2013.

sasol ltd - bee (SOLBE1) Key Developments

Sasol Ltd. Announces Appointment of Nomgando Matyumza as an Independent Non-Executive Director

Sasol Ltd. announced the appointment of Ms Nomgando Matyumza as an independent non-executive director with immediate effect. Ms. Matyumza is the lead independent director of Cadiz Holdings Limited and Wilson Bayly Holmes-Ovcon Limited and a non-executive director of Hulamin Limited and Ithala Development Finance Corporation Limited. Gando has held senior financial management and executive positions in various organisations, including South African Breweries, Transnet and Eskom.

Sasol Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2014; Provides Earnings Guidance for the Year 2015; Announces Final Cash Dividend on Ordinary and Bee Ordinary Shares Payable on October 13, 2014

Sasol Limited announced audited consolidated earnings results for the year ended June 30, 2014. For the year, the company reported turnover of ZAR 202,683 million against ZAR 169,891 million a year ago. Operating profit after re-measurement items was ZAR 41,674 million against ZAR 38,779 million a year ago. Profit before tax was ZAR 45,113 million against ZAR 39,706 million a year ago. Profit for the year attributable to owners of the company was ZAR 29,580 million or ZAR 48.27 diluted per share against ZAR 26,274 million or ZAR 43.30 diluted per share a year ago. Cash generated by operating activities was ZAR 65,449 million against ZAR 51,906 million a year ago. Additions to non-current assets were ZAR 38,779 million against ZAR 30,414 million a year ago. Return on equity as on June 30, 2014 was 18.5% against 19.1% as at June 30, 2013. Return on total assets as on June 30, 2014 was 17.9% against 18.7% as at June 30, 2013. Net asset value per share was ZAR 281.68 against ZAR 247.12 a year ago. Headline earnings were ZAR 36,640 million against ZAR 31,869 million a year ago. Diluted headline earnings per share were ZAR 59.64 against ZAR 52.53 a year ago. Operating profit up 7% as compared to the same period a year ago, excluding its share of profits of equity accounted joint ventures and associates of ZAR 4.1 billion, which includes its ORYX GTL plant. This achievement was on the back of an overall improved operational performance. Operating profit was boosted by a 17% weaker average rand/USD exchange rate, and a progressive improvement in chemical prices, while the average Brent crude oil price remained flat. Earnings attributable to shareholders in the current year were negatively impacted by re-measurement items totaling ZAR 7.6 billion. These items relate primarily to the ZAR 5.3 billion impairment of its Canadian shale gas assets, and the ZAR 466 million partial impairment and final loss on disposal of ZAR 966 million of its Solvents Germany assets. The company provided earnings guidance for the year 2015. South Africa's economic outlook remains challenging as the country is still recovering from a five-month long strike in the platinum sector, with business and consumer confidence levels remaining low. While its oil price and exchange rate views are largely unchanged, there is an increased risk that global geo-political tensions and the start of the interest rate normalization cycle in key global economies could see higher financial market volatility. This could impact both the rand exchange rate and oil price assumptions, both of which remain some of the biggest external factors impacting the company profitability. The company continues to focus on factors within its control: volume growth, margin improvement and cost reduction. The current volatility and uncertainty of global markets and geo-political activities makes it difficult to be more precise in this outlook statement. The company expects an overall solid production performance for the 2015 financial year with the guidance of capital expenditure expectations are ZAR 50 billion and ZAR 65 billion in 2016, as they progress with the execution of its growth plan and strategy. The company announced the final cash dividend is payable on the ordinary shares and the Sasol BEE ordinary shares. The dividend has been declared out of retained earnings (income reserves). The South African dividend withholding tax rate is 15% and no credits in terms of secondary tax on companies have been utilised. The net dividend amount payable to shareholders, who are not exempt from the dividend withholding tax, is ZAR 11.475 per share, while the dividend amount payable to shareholders who are exempt from dividend withholding tax is ZAR 13.50 per share. The salient dates for holders of ordinary shares and BEE ordinary shares are: Declaration date is on September 8, 2014, last day for trading to qualify for and participate in the final dividend (cum dividend) is on October 3, 2014, trading ex-dividend commences on October 6, 2014, record date on October 10, 2014 and dividend payment date is on October 13, 2014.

Sasol and Electridade de Mozambique Inaugurate New Gas-To-Power Plant in Mozambique

Sasol and Electridade de Mozambique inaugurate new gas-to-ower plant in Mozambique. The CTRG power plant, which is a partnership between EDM (51%) and Sasol (49%), represents Mozambique's first permanent large-scale gas-to-power facility in Ressano Garcia, which is on the border between Mozambique and South Africa. Natural gas will be supplied to the new power plant from the Sasol-operated central processing facility in Temane in the Inhambane province. Together with its partners, Sasol has expended approximately USD 3 billion in capital investments, which include the development and expansion of the CPF and natural gas fields in Southern Mozambique, the construction of a cross-border pipeline, and the completion of the CTRG gas-to-power project. The 175MW gas-fired power plant will supply electricity to more than two million Mozambicans - this equates to 23% of the country's current demand. The Mozambican economy is one of the fastest growing on the African continent, and is seeing electricity demand increasing by approximately 14% annually. The opening of the CTRG power facility comes as Sasol celebrates its 10(th) anniversary of developing the Temane and Pande stranded gas fields in Mozambique, through strong in-country partnerships and its technical expertise. The company's investments over the past decade have contributed to the creation of a favourable investment climate for Mozambique, while establishing an exploration and natural gas production sector in the region. These investments also serve to support economic growth and development in both Mozambique and South Africa.


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