JOHANNESBURG, Oct. 20,
2022 /PRNewswire/ -- Sasol has published its
production and sales performance metrics for the 3 months ended
30 September 2022 on the Company´s
website at www.sasol.com, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-results
OPERATIONAL UPDATE FOR SOUTH
AFRICA AND LAKE CHARLES
SOUTH AFRICA
Employees of South Africa's
railway company, Transnet SOC Ltd ("Transnet"), and its affiliates
embarked on a wage related strike on 6
October 2022. Sasol subsequently received a notice of force
majeure from Transnet, which impacts the movement of certain
feedstocks and products between the
company's inland operations and the Durban and Richards Bay ports.
As a result, Sasol has declared force majeure on the local
supply and export of certain chemical products. Production rates at
selected plants in Secunda and Sasolburg have been impacted. The
Natref refinery continues to operate as no disruption was caused to
Transnet's pipelines.
Negotiations between Transnet and the majority trade union
concluded on 17 October 2022. Port and rail activities have
commenced, with the discharge of containers from ships in the
harbor prioritised. Sasol is unable
to quantify the impact on its South
African value chains, as the extent and timing to clear the
backlogs across the port and rail system remain uncertain.
LAKE CHARLES
On 15 October 2022, a fire
occurred at the new Ziegler alcohol unit at the Lake Charles
Chemicals Complex. The Sasol
on-site emergency response team responded swiftly, and the fire was
contained with no injuries reported. The investigation is underway
to determine the cause, extent of the damage, and the scope and
timeline of repair.
Sasol will continue to monitor
the situation closely and provide further updates, as
appropriate.
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, Investor Relations
Officer
Telephone: +27 (0) 71 673 1929
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, and measures taken in response, on Sasol's
business, results of operations, markets, employees, financial
condition and liquidity; the effectiveness of any actions taken by
Sasol to address or limit any impact of COVID-19 on its business;
the capital cost of our projects and the timing of project
milestones; our ability to obtain financing to meet the funding
requirements of our capital investment programme, as well as to
fund our ongoing business activities and to pay dividends;
statements regarding our future results of operations and financial
condition, and regarding future economic performance including cost
containment, cash conservation programmes and business optimisation
initiatives; recent and proposed accounting pronouncements and
their impact on our future results of operations and financial
condition; our business strategy, performance outlook, plans,
objectives or goals; statements regarding future competition,
volume growth and changes in market share in the industries and
markets for our products; our existing or anticipated investments,
acquisitions of new businesses or the disposal of existing
businesses, including estimates or projection of internal rates of
return and future profitability; our estimated oil, gas and coal
reserves; the probable future outcome of litigation, legislative,
regulatory and fiscal developments, including statements regarding
our ability to comply with future laws and regulations; future
fluctuations in refining margins and crude oil, natural gas and
petroleum and chemical product prices; the demand, pricing and
cyclicality of oil, gas and petrochemical product prices; changes
in the fuel and gas pricing mechanisms in South Africa and their effects on prices, our
operating results and profitability; statements regarding future
fluctuations in exchange and interest rates and changes in credit
ratings; total shareholder return; our current or future products
and anticipated customer demand for these products; assumptions
relating to macroeconomics; climate change impacts and our climate
change strategies, our development of sustainability within our
Energy and Chemicals Businesses, our energy efficiency improvement,
carbon and GHG emission reduction targets, our net zero carbon
emissions ambition and future low-carbon initiatives, including
relating to green hydrogen and sustainable aviation fuel; our
estimated carbon tax liability; cyber security; and statements of
assumptions underlying such statements. Words such as "believe",
"anticipate", "expect", "intend", "seek", "will", "plan", "could",
"may", "endeavour", "target", "forecast" and "project" and similar
expressions are intended to identify 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 31 August 2022 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 foregoing factors and other
uncertainties and events, and you should not place undue reliance
on forward-looking statements. 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