JOHANNESBURG, March 9, 2020 /PRNewswire/ -- Sasol was scheduled
to host a conference call on Tuesday, 10
March 2020, at 15:00 (SAST) in order to discuss the recent
outcome of the periodic ratings review by S&P Global and
Moody's.
Given the latest developments where oil prices have declined
significantly and increased market volatility, the conference call
will be moved to Tuesday, 17 March
2020, at 15:00 (SAST). This allows more time to assess the
impact of these latest developments on the market and Sasol in
particular.
Balance sheet protection remains a key priority. As
communicated during the interim financial results, we continue to
actively manage the balance sheet and several steps have already
been taken to mitigate market volatility. This includes our hedging
programme to mitigate commodity price movements and exchange rate
exposures. We have hedged our US$/ZAR exchange rate and ethane
exposure, but oil price exposure is not hedged for the remainder of
FY20.
Conference call
details:
|
|
|
Tuesday, 17
March 2020
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Time
|
Dial-in
numbers
|
South
Africa
|
15:00
|
+27 11 535
3600
|
United
Kingdom
|
13:00
|
+44 (0) 333 300
1418
|
United
States (ET)
|
09:00
|
+1 508 924
4326
|
Other
countries
|
|
+27 11 535
3600
|
|
|
|
The transcript
will be available from March 20, 2020 at 6:00 PM (SA) on Sasol's
investor relations website.
|
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are
not historical facts and relate to analyses and other information
which are based on forecasts of future results and estimates of
amounts not yet determinable. These statements may also relate to
our future prospects, expectations, developments and business
strategies. Examples of such forward-looking statements include,
but are not limited to, statements regarding exchange rate
fluctuations, volume growth, increases in market share, total
shareholder return, executing our growth projects (including LCCP),
oil and gas reserves, cost reductions, our Continuous Improvement
(CI) initiative, our climate change strategy and business
performance outlook. Words such as "believe", "anticipate",
"expect", "intend", "seek", "will", "plan", "could", "may",
"endeavour", "target", "forecast" and "project" and similar
expressions are intended to identify such forward-looking
statements, but are not the exclusive means of identifying such
statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and there are risks that the predictions, forecasts,
projections and other forward-looking statements will not be
achieved. If one or more of these risks materialise, or should
underlying assumptions prove incorrect, our actual results may
differ materially from those anticipated. You should understand
that a number of important factors could cause actual results to
differ materially from the plans, objectives, expectations,
estimates and intentions expressed in such forward-looking
statements. These factors and others are discussed more fully in
our most recent annual report on Form 20-F filed on 28 October 2019 and in other filings with the
United States Securities and Exchange Commission. The list of
factors discussed therein is not exhaustive; when relying on
forward-looking statements to make investment decisions, you should
carefully consider both these factors and other uncertainties and
events. Forward-looking statements apply only as of the date on
which they are made, and we do not undertake any obligation to
update or revise any of them, whether as a result of new
information, future events or otherwise.
For further information, please contact:
Sasol Investor Relations, please contact:
Feroza Syed, Chief Investor
Relations Officer
Direct telephone: +27(0)10-344-7778
investor.relations@sasol.com
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SOURCE Sasol Limited