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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Johannesburg, South Africa - Sasol Limited has repurchased 16,1 million Sasol preferred ordinary shares from Sasol Inzalo Public Funding (Pty) Ltd (FundCo) today at the 30 day volume weighted average share price (VWAP) as at 6 September 2018 of R542,11.
Today also marks the end of the empowerment period for Sasol Inzalo Public. On 18 September 2018, the Sasol Inzalo Public shares will be delisted, which is the earliest possible date after finalising the Sasol Inzalo transaction.
Sasol Inzalo Public will make a further announcement in this regard on Tuesday, 11 September 2018.
“When Sasol Inzalo was created in 2008, the objective was to provide black South Africans with the opportunity to own a portion of Sasol. Sasol Inzalo was a landmark transaction and we learnt many lessons along the way,” said Bongani Nqwababa, Joint President and Chief Executive Officer of Sasol Limited.
“The unwind of Sasol Inzalo Public closes a significant chapter on our transformation story, but we have moved onto the next chapter. We have taken the lessons learned from Sasol Inzalo and are building on our transformation story,” said Stephen Cornell, Joint President and Chief Executive Officer of Sasol Limited.