U
NITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K for 4 February 2011
Commission File Number 1-31615
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 _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-
T Rule 101(b)(1): ____
T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted
solely to provide an attached annual report to security holders.
solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-
T Rule 101(b)(7): ____
T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized
(the registrant’s “home country”), or under the rules of the home country exchange on which the
registrant’s securities are traded, as long as the report or other document is not a press release, is not
required to be and has not been distributed to the registrant’s security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
furnish a report or other document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized
(the registrant’s “home country”), or under the rules of the home country exchange on which the
registrant’s securities are traded, as long as the report or other document is not a press release, is not
required to be and has not been distributed to the registrant’s security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes _____ No __X__
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82-_______________.
12g3-2(b):
82-_______________.
Enclosures: Sasol Limited: Trading update for the Six Months Ended
31 December 2010
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/03)
(Registration number 1979/003231/03)
ISIN: ZAE000006896
US8038663006
Share codes: JSE – SOL
NYSE – SSL
(“Sasol” or “the Company”)
Sasol Limited: Trading update for the Six Months Ended 31 December 2010
1. Introduction
Product prices have remained quite resilient with higher oil prices,
refining margins and chemical prices being realised. Although the
relatively strong rand has put pressure on the group’s earnings, the
year-on-year improvement in product prices has largely mitigated this
relatively strong rand has put pressure on the group’s earnings, the
year-on-year improvement in product prices has largely mitigated this
negative effect. The sustained strength of the currency remains a key
challenge to the group although there has recently been a slight
weakening. We are therefore maintaining our focus on the factors within
challenge to the group although there has recently been a slight
weakening. We are therefore maintaining our focus on the factors within
our control, such as cost management and operational efficiency.
As announced in December 2010, Sasol has made a significant investment
in upstream shale gas resources in support of its gas-to-liquids (GTL)
value proposition in North America.
As announced in December 2010, Sasol has made a significant investment
in upstream shale gas resources in support of its gas-to-liquids (GTL)
value proposition in North America.
2. Expected earnings for the six months ended 31 December 2010
Sasol's earnings per share and headline earnings per share for the six
months ended 31 December 2010 are estimated to increase by 17% - 27%
compared with the prior year comparable reporting period. The expected
increase in earnings is mainly due to a strong focus on cost
containment as well as an improvement in crude oil prices and product
prices, partially offset by the continued strength of the rand against
the US dollar.
The Ixia empowerment transaction announced last year resulted in
WIPCoal Investments owning effectively 10,2% of the equity in Sasol
Mining. The once-off non-cash share based payment expense relating to
Sasol's earnings per share and headline earnings per share for the six
months ended 31 December 2010 are estimated to increase by 17% - 27%
compared with the prior year comparable reporting period. The expected
increase in earnings is mainly due to a strong focus on cost
containment as well as an improvement in crude oil prices and product
prices, partially offset by the continued strength of the rand against
the US dollar.
The Ixia empowerment transaction announced last year resulted in
WIPCoal Investments owning effectively 10,2% of the equity in Sasol
Mining. The once-off non-cash share based payment expense relating to
the transaction resulted in an impact of approximately R1 on both
headline earnings per share and earnings per share.
headline earnings per share and earnings per share.
Our half-year closure process is currently in progress and further
adjustments may arise including remeasurement effects.
adjustments may arise including remeasurement effects.
This trading update deals only with the first half of the 2011
financial year comparison.
financial year comparison.
Sasol's financial results for the six months ended 31 December 2010
will be announced on or about Monday, 7 March 2011.
will be announced on or about Monday, 7 March 2011.
The above information has not been reviewed or reported on by the
Company's external auditors.
Johannesburg
Company's external auditors.
Johannesburg
4 February 2011
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward looking statements
In this document we make certain statements that are not historical
facts and relate to analyses and other information which are based on
In this document we make certain statements that are not historical
facts and relate to analyses and other information which are based on
forecasts of future results and estimates of amounts not yet
determinable. These statements may also relate to our future prospects,
developments and business strategies. Examples of such forward-looking
determinable. These statements may also relate to our future prospects,
developments and business strategies. Examples of such forward-looking
statements include, but are not limited to, statements regarding
exchange rate fluctuations, volume growth, increases in market share,
total shareholder return and cost reductions. Words such as "believe",
exchange rate fluctuations, volume growth, increases in market share,
total shareholder return and cost reductions. 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-
"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 the predictions,
forecasts, projections and other forward-looking statements will not be
general and specific, and there are risks that the predictions,
forecasts, projections and other forward-looking statements will not be
achieved. If one or more of these risks materialise, or should
underlying assumptions prove incorrect, our actual results may differ
materially from those anticipated. You should understand that a number
underlying assumptions prove incorrect, our actual results may differ
materially from those anticipated. You should understand that a number
of important factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements.
from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements.
These factors are discussed more fully in our most recent annual report
under the Securities Exchange Act of 1934 on Form 20-F filed on 28
September 2010 and in other filings with the United States Securities
and Exchange Commission. The list of factors discussed therein is not
exhaustive; when relying on forward-looking statements to make
investment decisions, you should carefully consider both these factors
and other uncertainties and events. Forward-looking statements apply
only as of the date on which they are made, and we do not undertake any
obligation to update or revise any of them, whether as a result of new
information, future events or otherwise.
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 authorized.
Date: 4 February 2011
duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 4 February 2011
By:
/s/ N L Joubert
Name: Nereus Louis Joubert
Title:
Company Secretary