SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a -16 or 15d -16 of
the Securities Exchange Act of 1934
Report on Form 6-K for 01 August 2005
Sasol Limited
1 Sturdee Avenue
Rosebank 2196
South Africa
(Name and address of registrant’s principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F
X Form 40-F _____
Enclosures: Sasol considering the disposal of its Olefins and Surfactants (O&S)
business excluding its co-monomers activities in South Africa
Sasol Limited
(Incorporated in South Africa)
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
Share Code: SOL
ISIN Code: ZAE000006896
Share Code: SOL
NYSE Code: SSL
("Sasol")
("Sasol")
Sasol considering the disposal of its Olefins and Surfactants (O&S)
business excluding its co-monomers activities in South Africa
business excluding its co-monomers activities in South Africa
Sasol announced today that it is considering the disposal of its Olefins
and Surfactants (O&S) business excluding its co-monomers activities in
South Africa.
and Surfactants (O&S) business excluding its co-monomers activities in
South Africa.
Sasol acquired Condea in March 2001 from German-based RWE Dea for €1,3
billion. Most of this business was subsequently hosted in Sasol O&S with
production facilities mainly in the USA, Europe and South Africa. A
smaller part of the business was hosted in Sasol Solvents which, together
with the South African-based solvents activities, forms a global solvents
business. The entire solvents business is being retained by Sasol.
“Since the acquisition, substantial success has been achieved in reducing
costs and improving the productivity at Sasol O&S. Pleasing progress has
also been made in strengthening relationships with key customers,” says
Sasol deputy chief executive Trevor Munday.
“In 2003, Sasol determined that it would continue to grow its chemical
businesses conditional upon projects leveraging its technology or
securing integrated and highly cost-competitive feedstock positions. The
O&S business is only partially integrated upstream into feedstocks and
has not adequately provided the integration benefits which Sasol
requires,” says Munday.
O&S business is only partially integrated upstream into feedstocks and
has not adequately provided the integration benefits which Sasol
requires,” says Munday.
Sasol has embarked on an exciting international commercialisation
programme of its leading gas-to-liquid (GTL) fuels technology and
possibly also at a later stage its coal-to-liquid (CTL) technology. “This
is expected to require significant funding. The GTL and CTL ventures will
support or enhance traditionally high margins achieved by Sasol as a
consequence of its technology and operating prowess,” says Sasol chief
executive Pat Davies.
is expected to require significant funding. The GTL and CTL ventures will
support or enhance traditionally high margins achieved by Sasol as a
consequence of its technology and operating prowess,” says Sasol chief
executive Pat Davies.
“To optimally leverage both its talented people and financial resources
in the next few years, Sasol wishes to establish the saleability of Sasol
O&S at fair value,” says Davies. “During this process, Sasol will remain
committed to the strategic and operational goals of Sasol O&S and will
continue to provide the business with the support necessary to uphold its
effectiveness and success,” he says.
in the next few years, Sasol wishes to establish the saleability of Sasol
O&S at fair value,” says Davies. “During this process, Sasol will remain
committed to the strategic and operational goals of Sasol O&S and will
continue to provide the business with the support necessary to uphold its
effectiveness and success,” he says.
Deutsche Bank has been appointed to assist Sasol in procuring offers,
assessing the feasibility and attractiveness thereof and executing any
potential transaction.
-ends-
1 August 2005
Johannesburg
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorised.
undersigned, thereunto duly authorised.
Date: 01 August 2005
By:
/s/ N L Joubert
Name: Nereus Louis Joubert
Title: Company Secretary
Name: Nereus Louis Joubert
Title: Company Secretary