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Sasol Ltd. - SFIE - Moody's Rating Action
Investors are advised that the credit rating of the instrument has changed.
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Sasol Ltd. - Dealings in Securities by an Executiv
The company disclosed information about other dealings.
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Sasol - legal dispute settled
On 20 June 2024, Sasol announced that the High Court of South Africa handed down judgment on 18 June 2024 in favour of Sasol Oil (Pty) Ltd (Sasol Oil) and TotalEnergies Marketing South Africa (Pty) Ltd against Transnet SOC Limited (Transnet). In terms of that judgment, Transnet was ordered to make payment to Sasol Oil of the amount of R3.9 billion plus interest.
On 18 May 2025, Sasol Oil and Transnet signed an agreement to settle their respective disputes, which became effective on 23 May 2025 having met all suspensive conditions. In terms of this settlement, Transnet will make a net payment to Sasol Oil of R4.3 billion (exclusive of VAT) on or before 30 June 2025 in full and final settlement of all these disputes.
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Sasol - capital market day and dividend policy
Capital markets day
Sasol Ltd. is hosting a Capital Markets Day today, 20 May 2025, to provide an update on its strategy aimed at strengthening the foundation business and positioning the Group for growth and transformation.
The update on the strategy focuses on plans to:
• Restore the Southern Africa value chain;
• Reset the International Chemicals business;
• Grow and Transform the business; and
• Progress the emissions reduction commitments aligned to Sasol's Emissions Reduction Roadmap (ERR).
The live webcast presentation will commence at 10:00 SAST. To access the webcast, please register using the following link: evolve.eventoptions.co.za/register/sasolcmdvirtual/single
Presentation materials will be available on Sasol's website at www.sasol.com/index.php/investor-centre/capital-markets-day
Change in dividend policy
Shareholders were advised that the Sasol Ltd. Board of Directors ("the Board") has approved a revision to the Company's dividend policy. Previously, Sasol's dividend policy included a dividend trigger based on achieving a sustainable net debt below USD4 billion (excluding leases). The Board has approved the adjustment to the dividend trigger to a threshold of net debt sustainably below USD3 billion (excluding leases).
All other elements of the dividend policy remain unchanged.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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