| Sasol Limited: Change to Dividend Policy and Segmental Reporting | |
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In response to the current low oil price environment, an initiative to conserve cash over the next 30 months was announced by Sasol on 28 January 2015 ("Response Plan"). Sasol's Response Plan comprises 5 key components, namely: - capital portfolio phasing and reductions;
- capital structuring;
- working capital improvements;
- margin enhancement; and
- further cash cost reductions, supplementing the Group's target of at least R4 billion annual costs savings driven through the company-wide business performance enhancement programme, which was launched in 2013.
Looking specifically at the capital structuring lever, the management team and the Sasol board of directors ("Board") evaluated the Company's progressive dividend policy, which had been introduced to maintain or improve dividends in line with the Company's anticipated sustainable growth in earnings. The Company's dividend policy takes into consideration various factors, including overall market and economic conditions, the Group's financial position, capital investment plans as well as earnings growth. In the context of a low oil price environment, the Group's earnings will be negatively impacted. The current macroeconomic conditions have therefore necessitated a reassessment of the Company's progressive dividend policy. |
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Sasol Ltd.
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CODE : SSL |
ISIN : US8038663006 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sasol is a oil producing company based in South africa. Sasol is listed in South Africa and in United States of America. Its market capitalisation is US$ 4.6 billions as of today (€ 4.3 billions). Its stock quote reached its highest recent level on May 31, 1996 at US$ 9.94, and its lowest recent point on March 20, 2020 at US$ 1.60. Sasol has 651 437 000 shares outstanding. |