JOHANNESBURG, July 23, 2020 /PRNewswire/ -- Sasol has published
its production and sales performance metrics including a hedging
update for the year ended 30 June
2020, on the Company´s website at www.sasol.com, under the
Investor Centre section or via this URL:
https://www.sasol.com/investor-centre/financial-reporting/business-performance-metrics
Sasol is still in the process of completing its year-end
processes and plans to issue an updated Trading Statement on or
before 31 July 2020.
COVID-19 UPDATE
As of 22 July 2020, Sasol's total
number of COVID-19 infections since the beginning of the pandemic
is 774, with the majority of cases recorded in South Africa. There are 561 active cases and
two COVID-19 related deaths which occurred in South Africa. The infected employees are
receiving our full support. The increase in Sasol's infection rates
is in line with the trend in South
Africa. Up to now, there has been no material impact to our
operations. The continuous increase in COVID-19 infections within
Sasol could potentially impact our operations in the near-term.
While we have implemented all regulatory requirements and have the
necessary controls in place, we will continue to actively monitor
and mitigate the impact.
LCCP STATUS
The last remaining LCCP unit to come online is the Low Density
Polyethylene (LDPE) plant, which was damaged during a fire in
January 2020. Repair work to the unit
is ongoing and the unit is expected to achieve beneficial operation
(BO) before the end of October 2020. Some challenges were
experienced in the completion of the restoration process, resulting
in a slight delay to the previous market guidance of a BO date
before September 2020.
Overall project completion was at 99% and capital expenditure
amounted to US$12,7bn.
For further information, please contact:
Sasol
Investor Relations,
Feroza Syed, Chief Investor
Relations Officer
Direct telephone: +27 (0) 82 557 7740
investor.relations@sasol.com
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, the impact of the novel coronavirus
(COVID-19) pandemic on Sasol's business, results of operations,
financial condition and liquidity and statements regarding the
effectiveness of any actions taken by Sasol to address or limit any
impact of COVID-19 on its business; statements regarding
exchange rate fluctuations, changing crude oil prices , volume
growth, increases in market share, total shareholder return,
executing our growth projects (including LCCP), oil and gas
reserves, cost reductions, 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.
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SOURCE Sasol Limited