Sasol Limited – Trading Statement
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(ISIN: ZAE000006896)
Share codes:
JSE - SOL
NYSE - SSL
("Sasol")
When Sasol announced its results in September 2005 for the financial year
ended 30 June 2005, we commented: “International oil and commodity
chemical markets and prices are unstable and so forecasting these with
confidence is not possible. Nevertheless, assuming no major disruptions
in world currency and energy markets, we anticipate satisfactory growth
in earnings in the year ahead.”
During the intervening months, international oil prices have been nearly
25% higher than anticipated, the Rand : US Dollar exchange rate has been
weaker than expected and pleasing plant efficiencies and operating rates
have generally been achieved. As a result, Sasol’s financial results for
the six months ending 31 December 2005 are forecast to be better than
anticipated when the previous public announcement was made.
Although it is premature to comment on attributable earnings for the six
months ending 31 December 2005, headline earnings are expected to be
between 65% and 75% higher than those of the comparable previous reporting
period (ie six months ended 31 December 2004).
It is important to note, however, that based on an expectation that
international oil prices will be lower in the second half of the
financial year and that commodity chemical prices and margins will also
weaken, earnings growth for the full financial year is expected to be
more in line with the profit outlook given in September 2005.
Johannesburg
29 November 2005
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward looking statements
We may in this document make statements that are not historical facts and
relate to analyses and other information based on forecasts of future
results and estimates of amounts not yet determinable. These are
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "believe", "anticipate",
"expect", "intend", "seek", "will", "plan", "could", "may", "endeavour"
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 predictions, forecasts, projections
and other forward-looking statements will not be achieved. If one or
more of these risks materialize, or should underlying assumptions prove
incorrect, actual results may be very different from those anticipated.