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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Total Stores |
Division |
Store Location |
Address |
Tel No |
1 |
Relabelled |
Salt River |
29 Brickfield Road, Salt River, Cape Town |
(021)4479913 |
2 |
Relabelled |
Bellville |
Shop 4, Corner Voortrekker Rd & Durban RD, Bellville |
(021)9171860 |
3 |
Relabelled |
Kenilworth |
Unit number 3 access park, Chichester road, Kenilworth |
(021)6714778, |
4 |
Relabelled |
Kuilsrivier |
Shop 4 & 5 Access Park, Kuilsrivier |
(021)9031294 061 287 3980 |
5 |
Relabelled |
Mobeni |
Cnr Grimsby & Leicester Rd, Mobeni, Durban |
(031)4620540 W\House (031) 469 9409 |
6 |
Relabelled |
Pier 14 |
21A Pier 14, Shopping Centre, Port Elizabeth |
(041)4841575 083 5176 728 |
7 |
Relabelled |
Marlboro |
13 Sparten Crescent ,Marlboro , Ext 3 Johannesburg |
(011) 262 0460 |
8 |
Relabelled |
Soweto |
Maponya Shop 200 2127 Chris hani Road, klipspruit ext5 Soweto |
(011) 933 1023 |
9 |
Relabelled |
Umlazi |
Shop 155 Umlazi Mega City 50 Griffiths Mxenge Highway Umlazi |
(031) 902 1325 |
10 |
Relabelled |
Epping |
10 Losack avenue , epping industrial |
(021) 534 0401 |
1 |
BCWC |
Kloof |
Lifes on Kloof, 50 Kloof Street, Gardens ,Cape Town, shop G-15 |
(021) 422 1593 078 211 8051 |
2 |
BCWC |
Canal Walk |
Shop 619 Canal Walk , Century BLVD, Century City , Cape Town 7441 |
(021) 551 2891 |
3 |
BCWC |
Monte Casino |
Shop 80B Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents |
(011) 465 0438 |
4 |
BCWC |
Menlyn |
Shop UF 42 & 43 cnr atterbury road & lois avenue , menlo park , Pretoria |
(012) 764 9600 |
5 |
BCWC |
Balito |
SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399 |
032 586 0242 |
6 |
BCWC |
Rosebank |
Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg |
(011)268 1114 |
1 |
Magents |
Canal Walk |
Shop 08 , Century Blvd , Century City 7441 |
(021) 551 2533 JP CELL: 064 686 4026 |
2 |
Magents |
Monte Casino |
Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents |
(011) 465 6721 074 669 6310 073 804 4352 079 884 7607 |
3 |
Magents |
Menlyn |
MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal |
4 |
Magents |
Balito |
SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399 |
061 521 7446 032 586 1467 |
1 |
WSA |
Menlyn |
MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
Vicky - 078 816 1921 land line - 012 348 4766 |
6 |
BCWC |
Rosebank |
Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg |
(011)268 1114 |
1 |
Magents |
Canal Walk |
Shop 08 , Century Blvd , Century City 7441 |
(021) 551 2533 JP CELL: 064 686 4026 |
2 |
Magents |
Monte Casino |
Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents |
(011) 465 6721 074 669 6310 073 804 4352 079 884 7607 |
3 |
Magents |
Menlyn |
MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal |
4 |
Magents |
Balito |
SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399 |
061 521 7446 032 586 1467 |
1 |
WSA |
Menlyn |
MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
Vicky - 078 816 1921 land line - 012 348 4766 |
Sasol is perplexed by Old Mutual’s indication and recommendation to other shareholders to vote against our Remuneration Report, Climate Change Report and the re-election of director Muriel Dube. We consider the motivation advanced by Old Mutual for this recommendation to be flawed and underpinned by conjecture.
Old Mutual appears to have placed significant reliance on the Just Share report without proper consideration and/or recognition of any of Sasol’s recent disclosures and assertions made in response, which point to factual inaccuracies contained in Just Share’s report. The willingness of Old Mutual to take such a decision premised on inaccurate and, to some extent, misleading information that could have been verified, is most concerning.
Sasol has, in recent months, been engaging several stakeholders across the board, including Old Mutual, on our sustainability disclosures related to Climate Change. In all engagements and correspondence, we have consistently reiterated our commitment to our 30% reduction and decarbonisation levers, while advancing progress against this commitment with tangible initiatives. The information set out in our Notice of Annual General Meeting makes it clear that we have made no change to Sasol’s climate ambition and strategy.
Sasol set its initial GHG reduction target in 2019 of 10% reduction by 2030 (on scope 1 and 2 emissions of a 2017 baseline), which was increased to 30% reduction in response to the need to do more to meet the Paris Agreement goals in 2021. To state that Sasol’s 2023 Climate Change Report (and resolution) does not include our targets is factually incorrect as pages 3-5 of this Report detail our targets, milestones, ambition, as well as actions and reduction levers.
Further, it is unfounded to state that our ‘climate targets have slipped’ given that our first major milestone is set to be achieved three years from now. This includes a 5% reduction of greenhouse gases (GHG’s) by 2026 for the Energy Business in SA. In FY23, the Sasol Energy Business achieved a ~4% reduction relative to 2017 (contributing towards the total Sasol group reduction). Our first tranche of renewable energy will be online by Q1 CY24, namely the Msenge wind farm in the Eastern Cape, to enable green hydrogen commercialisation in Sasolburg.
Sasol has constantly communicated that it is not in a position to follow a smooth year-on-year emission-reduction trajectory, as is done with most climate models, because our operations are highly integrated with long lead times needed to integrate capital-intensive emission-reduction projects. This has been communicated consistently since inception of our GHG reduction targets.
Sasol, as a responsible corporate citizen, is committed to transparent disclosures based on the TCFD (Task Force for Climate-related Financial Disclosures), is required to disclose potential risks and opportunities related to our energy transition. Accordingly, we have disclosed the key risks, outside of our locus of control, that may impact Sasol’s transition journey, including a stable and reliable electricity grid, renewable energy grid allocation by the South African Government, delays in regulatory approvals for renewable projects, macro-economic factors (e.g. oil price) and pricing of LNG, amongst others. It is puzzling that Old Mutual would view the disclosure of these risk factors as Sasol conceding to not meeting targets.
And lastly, regarding climate change targets in our incentive plans, Sasol has reported extensively on the inclusion of climate change (and other ESG as well as financial targets), in our remuneration report.
Climate related targets have consistently been included in the short-term and long-term incentive plans since 2020. Even Sasol’s 2022 Remuneration Report stated that mainly due to factors outside of management’s control, the delivery of 200MW of renewable energy by 30 November 2023, will be challenged by Eskom grid constraints, alignment with the government’s 5th bidding window and NERSA regulatory approvals. The majority of our investors confirmed that the Board had to make a fair decision in its assessment of management’s performance in this respect, taking into account the factors which were outside of their control. To date, no recognition has been given to management on the performance against this target and a zero out of 25% was reported in the remuneration report.
We want to emphasise that Sasol is not reversing or scaling back our 2026 commitments, nor have we changed our emissions reduction target, associated levers or strategy.
We also believe it is incorrect to assert that one independent non-executive director, by virtue of chairing a committee that supports the Board in overseeing the company’s focus on its decarbonisation pathway, is, by that fact alone, ultimately accountable for climate change. The Sasol Board in its entirety is accountable for climate change as a material matter affecting the Company.
Institutional investors often follow the AGM voting recommendations of proxy advisory companies. Sasol has received and considered a report from Institutional Shareholder Services Inc. (ISS), the most influential proxy advisory service among investors in the United States with approximately 20% referring to ISS’s guidance. ISS recommends a vote in favour of all Sasol resolutions being proposed at the General Meeting as well as at the AGM.