Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We safely and sustainably source, produce and market a range of high-quality products, creating value for stakeholders.
Sasol comprises three distinct market-focused businesses, namely: Chemicals, Energy and Sasol ecoFT. Our more focused portfolio is underpinned by a transition to a lower-carbon future and our 70-year track record demonstrates we have the capabilities and competencies to deliver sustainable value in these three core businesses.
Advancing chemical and energy solutions that contribute to a thriving planet, society and enterprise.
Sasol's investors consist of both equity investors (those invested in the Sasol ordinary shares or the ADRs) and lenders/debt investors (banks and institutional investors lending to Sasol or investing in its issues of debt instruments such as local bonds, offshore bonds, commercial paper issues, project finance, loans and other credit facilities and convertible instruments).
Supply Chain is the custodian of all external spend for the Sasol Group. It is responsible for managing supply and demand so as to ensure cost-efficiency and maximise return on spend, while at the same time ensuring effective logistics of a range of deliverables.
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Through Sasol Oil, Sasol’s fuels marketing and sales business, R100 000 will be invested in the Nelson Mandela Bay and George areas. This will be implemented through the company’s Friendly Neighbour initiative that will see Sasol’s retail outlets in the area take an active role in contributing to developing their communities.
The company’s Friendly Neighbour initiative positions Sasol’s retail outlets as community hubs. It encourages franchisees to form partnerships with communities surrounding the retail sites to contribute to the social upliftment of these communities.
Sasol Oil Franchisees in the Port Elizabeth area partnered with the Nelson Mandela Metropolitan University (NMMU) to implement Corporate Social Investment initiatives. Following the official handover to beneficiaries, Sasol’s franchisees will take ownership of the various projects and serve as custodians, ensuring the long term success and sustainability of these projects.
The funding will be allocated to projects implemented by NMMU’s Green Campus Initiative, the university’s Law Society, Campus Health, Aiesec, the Agricultural Society and NMMU Toastmasters student society. Aiesec is running a six-week programme to assist Grade 12’s with English, Mathematics and Business Studies, NMMU Toastmasters is promoting literacy in primary schools and the Green Campus Initiative is supporting a recycling project in five schools.
The Agricultural Society will embark on a spinach planting initiative in KwaZakhele, Missionvale and on-campus.
The Law Society will donate much needed equipment to the St Francis Hospice and the University’s Campus Health Services will implement a drug and alcohol awareness programme.
According to Zolile Ntukwana, General Manager Public Affairs at Sasol Oil, “As a responsible corporate citizen, it is no longer sufficient to simply provide a product or service to our customers. At Sasol, we actively seek to uplift the lives of the people and make a difference to communities.”
NMMU student life and events manager, Karen Snyman, said, “We are delighted that Sasol has come on board to fund these very worthy community initiatives. We always encourage our students to see where they can make a difference in the community – the generous support from Sasol will help to turn these ideas into reality, to the benefit of many.”
“Globally and locally, companies are increasingly expected to behave in a socially responsible manner. We believe this investment encourages a spirit of development, which is a key factor in economic growth and the well-being of the community,” concluded Ntukwana.
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Cheque handover - L-R: Mxolisi Ncapayi, Deputy Director: Student Governance at NMMU and Development and Thabiet Booley, Managing Director (Acting) at Sasol Oil |
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Thabiet Booley, Managing Director (Acting) at Sasol Oil with the student organisations and beneficiaries |
Ends
Issued by:
Alex Anderson, Group Media Manager
Direct telephone +27 (11) 441 3295; Mobile +27 (0) 71 600 9605;
Jacqui O’Sullivan, GM: Group Communication
Direct telephone +27 (11) 441 3252; Mobile +27 (0) 82 883 9697;