| 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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Sasol est une société de production minière de pétrole basée en Afrique Du Sud. Sasol est cotée aux Etats-Unis D'Amerique et en Afrique Du Sud. Sa capitalisation boursière aujourd'hui est 4,5 milliards US$ (4,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 20 mars 2020 à 1,60 US$, et son plus haut niveau récent le 29 décembre 2023 à 9,98 US$. Sasol possède 651 437 000 actions en circulation. |