JOHANNESBURG, June 9, 2025 /PRNewswire/ -- In compliance with para 3.59 of the JSE Listings Requirements and para 6.39 of the JSE Debt and Specialist Securities Listings Requirements, shareholders and noteholders are advised of the following changes to the board of directors of the Company (the Board) in accordance with the Company's nomination and succession plan for directors:Appointment of independent non-executive directorMs Xikongomelo Maluleke has been appointed as an independent non-executive directo ...

Core Viewpoint - Sasol Oil and TotalEnergies Marketing South Africa won a legal judgment against Transnet, resulting in a payment order of R3.9 billion plus interest from Transnet to Sasol Oil [1] Group 1: Legal Proceedings - On June 20, 2024, the High Court of South Africa ruled in favor of Sasol Oil and TotalEnergies against Transnet, ordering Transnet to pay R3.9 billion plus interest [1] - Transnet has filed for leave to appeal the judgment to the Supreme Court of Appeal, which is currently under reconsideration, thus suspending the High Court's payment order [2] - In August 2024, Transnet initiated a separate action against Sasol Oil to recover R855 million, with the judgment still pending [3] Group 2: Settlement Agreement - On May 18, 2025, Sasol Oil and Transnet reached a settlement agreement, effective from May 23, 2025, after fulfilling all suspensive conditions [4] - Under the settlement, Transnet will make a net payment of R4.3 billion (exclusive of VAT) to Sasol Oil by June 30, 2025, resolving all disputes between the two parties [4]

Company Overview - Sasol leverages South Africa's coal mines and Mozambique gas fields through a fully integrated business model [1] - The company transforms low-cost feedstocks into high-value fuels, gas, and chemicals [1] Investment Potential - There are many positive aspects regarding Sasol that could indicate a strong investment opportunity [1] - The investment idea is centered around acquiring great companies at attractive prices [1]

Dublin, April 22, 2025 (GLOBE NEWSWIRE) -- The "Europe White Oil Market: Focus on Application, Functionality, Grade, Products, and Country Level Analysis - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.Europe's white oil market is projected to reach $1.59 billion by 2034 from $685.4 million in 2023, growing at a CAGR of 8.84% during the forecast period 2024-2034. In the European market, the white oil sector features a broad array of highly refined, mineral-bas ...

Investors with an interest in Oil and Gas - Integrated - International stocks have likely encountered both Sasol (SSL) and Exxon Mobil (XOM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings esti ...

Sasol Limited (NYSE:SSL) Q4 2024 Earnings Conference Call February 24, 2025 2:00 AM ET Company Participants Tiffany Sydow - Vice President and Investor Relations Simon Baloyi - President and Chief Executive Officer Walt Bruns - Chief Financial Officer Victor Bester - Executive Vice President, Operations and Projects Sarushen Pillay - Executive Vice President, Business Building Strategy and Technology Hermann Wenhold - Executive Vice President, Mining, Risk Antje Gerber - Executive Vice President, Internatio ...

Group 1 - Sasol Limited (NYSE: SSL) has seemingly resolved recent civil unrest in Mozambique, which may positively impact its operations [1] - The figures from the Fuels and Chemicals Africa division are expected to align with the reported figures for 2024 [1] Group 2 - The analyst has a beneficial long position in the shares of SSL, indicating confidence in the company's future performance [2]

Industry Overview - The energy sector has shown resilience post-2022 supply shock, with the Energy Select Sector SPDR (XLE) increasing by 7.3% year to date as of September [1] - Growth in oil refiners has been a significant driver, benefiting from favorable spreads between oil and distillates, while explorers, producers, and equipment/services sectors have also gained [1] Geopolitical Factors - Geopolitical tensions, particularly between Israel and Iran, have significantly impacted the energy sector, with escalating threats of broader conflict [2] - Iran, a top 10 global oil producer, reached production levels of over 3.3 million barrels per day (bpd) in August, exporting about 2% of global supply [3] Oil Price Dynamics - OPEC and OPEC+ have agreed to increase joint output by 180,000 bpd from December as part of a supply plan for 2025, which is expected to drive up oil demand and prices [4] - Oil prices have recently climbed, with Brent crude surpassing $80 per barrel for the first time since August, closing at $80.93 per barrel, and WTI crude at $77.14 per barrel [4] Investment Opportunities - The cyclical nature of the energy sector suggests a potentially strong year ahead, prompting a focus on stocks well-positioned for investment [5] - Companies with strong growth potential include: - Sasol Limited (SSL) with an expected earnings growth rate of 174.4% and a Zacks Rank of 2 [7] - Core Laboratories Inc. (CLB) with an expected earnings growth rate of 18.8% and a Zacks Rank of 2 [8] - Nine Energy Service, Inc. (NINE) with an expected earnings growth rate of 35.8% and a Zacks Rank of 2 [9]

Currency and Economic Factors - The principal functional currency for operations is the rand, but a significant portion of turnover is impacted by the US dollar, affecting pricing and financial results[49]. - Fluctuations in the rand/US dollar exchange rate can materially affect business operations, cash flows, and financial position, with a weaker rand negatively impacting gearing due to foreign currency-denominated long-term debt[50]. - Economic, political, and social factors in operating regions may adversely affect operations and profitability, with macroeconomic uncertainties contributing to currency volatility[53]. - Political and social instability in regions such as South Africa poses risks to business operations, including challenges related to public finances and state-owned enterprises[54]. - High inflation risks could adversely affect capital projects, leading to cost overruns and schedule delays[63]. - Economic downturns in operating countries could reduce demand for products, adversely affecting financial results[79]. Operational Risks and Challenges - The service provider market in Mozambique is immature, leading to increased costs and potential disruptions in operations due to reliance on international contractors[66]. - Compliance with local content requirements in Mozambique may increase costs and affect the ability to fulfill contracts at acceptable rates[66]. - The company faces risks related to significant investments in associates and joint arrangements, which may impact financial results and cash flows[67]. - Disruptive industrial action in the South African labor market remains a risk, particularly during wage negotiations[60]. - Operations are reliant on stable electricity and water supply, with significant infrastructure challenges in South Africa impacting operational efficiency[69]. - Increased utility costs and infrastructure challenges may adversely affect the company's operations and financial position[69]. - Community protests and social unrest in Southern Africa may lead to business interruptions, impacting operational continuity[74]. - The company faces potential costs and reputational harm from operational interruptions due to extreme weather events and supply chain disruptions[73]. Regulatory and Compliance Issues - The company is subject to regulatory approvals and compliance obligations, which may change and impact project viability[63]. - The company is subject to regulatory scrutiny and potential litigation due to material weaknesses and restatements, which could have a material adverse effect on its business and reputation[77]. - Non-compliance with anti-corruption and anti-bribery laws poses significant risks, including potential criminal or civil sanctions[82]. - Changes in competition and consumer protection laws could expose the company to administrative penalties and civil claims, impacting its financial position[84]. - The company operates in multiple tax jurisdictions globally, facing complex tax laws that may lead to unexpected tax uncertainties[86]. - Legal and regulatory uncertainties, particularly between developed and developing countries, may affect the company's operational costs and decision-making[86]. - Compliance costs associated with new regulations on environmental and climate issues could significantly impact the company's financial position[89]. - The company is subject to increased scrutiny and potential liabilities due to public opinion regarding health and safety associated with chemical manufacturing[89]. - South African regulations require employers to comply with stringent occupational exposure limits, necessitating significant retrofitting of mature plants[89]. - The company has applied for extended time frames for compliance with evolving regulatory requirements, with some extensions granted and others pending[89]. - Changes in mining legislation in South Africa may adversely affect the company's mineral rights and compliance costs[86]. - The company may face significant fines and penalties for non-compliance with tax and environmental regulations, impacting its reputation and financial standing[89]. Financial Performance and Reporting - The company's dividend policy considers various factors, including overall market conditions and financial position, which may affect future dividend payments[68]. - The company identified material weaknesses in internal controls over financial reporting for the financial year ended June 30, 2024, which could adversely affect share price and investor confidence[75]. - Ineffective IT general controls in the Chemicals Eurasia segment and inadequate execution of revenue recognition controls for consignment inventory were noted as specific weaknesses[75]. - The company's financial results are heavily dependent on commodity prices, including crude oil, natural gas, and coal, with significant declines in these prices potentially reducing asset values[75]. - The potential impact of future amendments to mining regulations may have a material adverse effect on the company's operations and financial results[86]. Environmental and Climate Change Factors - Environmental regulations and carbon cost regulations could lead to fines or penalties, negatively impacting the company's financial results and operational license[79]. - The carbon tax in South Africa has increased from R120/tCO2e in 2019 to R190/tCO2e in 2024, with projections to reach R308 by 2026 and R462 by 2030, significantly raising operational costs[93]. - The transition to low-carbon resources is critical, with access to such resources impacting future production and financial performance[93]. - The company faces risks related to intellectual property, including potential loss of competitive advantage due to patenting by competitors and the transfer of know-how[92]. - There is a risk of reputational damage and increased litigation related to climate change disclosures and compliance with evolving regulations[91]. - Stakeholder activism related to GHG emissions and coal usage could negatively impact Sasol's shareholder base and financing capabilities[105]. Human Capital and Organizational Structure - Sasol announced a streamlining program in April 2024 aimed at enhancing efficiencies and reducing complexity within the organization[110]. - The company is highly dependent on human capital to deliver on its strategic objectives and sustainably grow into the future[110]. - Challenges remain around attracting and retaining critical skills to support current and future business requirements[110]. - The quality and availability of skills in certain labor markets may be impacted by challenges within education and training systems[110]. - If the streamlining program is not successful, the anticipated benefits may not be realized, adversely affecting operating results and financial position[110]. - The ability to attract skilled resources may be influenced by slow hiring times and a general scarcity of specialist skills[110]. - Sasol's overall focus includes attracting, developing, and retaining diverse, skilled, and experienced employees[110]. Research, Development, and Innovation - Sasol's investment in research and development for 2024 is R1,516 million, maintaining the same level as in 2023, which was an increase from R1,280 million in 2022[123]. - The total number of worldwide patents held by Sasol decreased from 2,590 in 2022 to 2,282 in 2023, and further to 1,795 in 2024[123]. - Sasol's proprietary technologies and skilled workforce support its competitive advantage in the chemicals and energy sectors[122]. Production and Operations - The company operates globally, with no significant seasonal fluctuations in sales volumes, which are influenced by macro-economic factors[117]. - Sasol's Chemicals Business utilizes feedstocks such as kerosene, benzene, ethane, ethylene, oleochemicals, and aluminum, which are purchased externally[4]. - The Sasol Slurry Phase Distillate (SPD) process converts natural gas into environmentally friendly GTL diesel and kerosene, integrating proven technologies[125]. - Sasol has established a 50/50 joint venture with Haldor Topsøe to develop sustainable aviation fuel plants, focusing on non-fossil feedstock[125]. - The marketing agreement with Equistar Chemicals for polyethylene sales is set to expire on November 30, 2030[125]. - Sasol's Chemicals America segment produces polyethylene marketed by Equistar Chemicals, with ethylene either consumed internally or sold externally[120]. Legal and Litigation Matters - The company is currently engaged in various legal and regulatory proceedings, which may adversely affect its business and financial position[91]. - Sasol has launched two judicial review applications against SARS decisions regarding tax assessments[127]. - The Minister upheld Sasol's appeal regarding load-based emissions standards, allowing implementation from April 1, 2025, to March 31, 2030[127]. - Sasol Oil initiated a legal review to overturn the NERSA approval of the Transnet pipeline tariff for 2023/4, claiming non-compliance with the Petroleum Pipelines Act[136]. - Sasol is involved in a dispute with Murray & Roberts Power regarding additional costs amounting to approximately R322 million[146]. - Sasol's legal proceedings related to the NERSA tariff approval for 2024/5 are also planned, following the current litigation[136].

Appointment of Company Secretary - Sasol Limited appointed Ms. Elizna Viljoen as Group Company Secretary effective January 1, 2025[5] - Helaine Joubert will continue as Acting Group Company Secretary until December 31, 2024[8] Experience and Expertise - Ms. Viljoen has over 23 years of experience in the company secretarial field, previously leading teams at Anglo American[6] - The Board believes Ms. Viljoen's expertise will add significant value to its operations[8] Compliance and Governance - The appointment aligns with JSE Listing Requirements, ensuring compliance and governance standards[7]