Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We safely and sustainably source, produce and market a range of high-quality products, creating value for stakeholders.
Sasol comprises three distinct market-focused businesses, namely: Chemicals, Energy and Sasol ecoFT. Our more focused portfolio is underpinned by a transition to a lower-carbon future and our 70-year track record demonstrates we have the capabilities and competencies to deliver sustainable value in these three core businesses.
Advancing chemical and energy solutions that contribute to a thriving planet, society and enterprise.
Sasol's investors consist of both equity investors (those invested in the Sasol ordinary shares or the ADRs) and lenders/debt investors (banks and institutional investors lending to Sasol or investing in its issues of debt instruments such as local bonds, offshore bonds, commercial paper issues, project finance, loans and other credit facilities and convertible instruments).
Supply Chain is the custodian of all external spend for the Sasol Group. It is responsible for managing supply and demand so as to ensure cost-efficiency and maximise return on spend, while at the same time ensuring effective logistics of a range of deliverables.
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Total Stores |
Division |
Store Location |
Address |
Tel No |
1 |
Relabelled |
Salt River |
29 Brickfield Road, Salt River, Cape Town |
(021)4479913 |
2 |
Relabelled |
Bellville |
Shop 4, Corner Voortrekker Rd & Durban RD, Bellville |
(021)9171860 |
3 |
Relabelled |
Kenilworth |
Unit number 3 access park, Chichester road, Kenilworth |
(021)6714778, |
4 |
Relabelled |
Kuilsrivier |
Shop 4 & 5 Access Park, Kuilsrivier |
(021)9031294 061 287 3980 |
5 |
Relabelled |
Mobeni |
Cnr Grimsby & Leicester Rd, Mobeni, Durban |
(031)4620540 W\House (031) 469 9409 |
6 |
Relabelled |
Pier 14 |
21A Pier 14, Shopping Centre, Port Elizabeth |
(041)4841575 083 5176 728 |
7 |
Relabelled |
Marlboro |
13 Sparten Crescent ,Marlboro , Ext 3 Johannesburg |
(011) 262 0460 |
8 |
Relabelled |
Soweto |
Maponya Shop 200 2127 Chris hani Road, klipspruit ext5 Soweto |
(011) 933 1023 |
9 |
Relabelled |
Umlazi |
Shop 155 Umlazi Mega City 50 Griffiths Mxenge Highway Umlazi |
(031) 902 1325 |
10 |
Relabelled |
Epping |
10 Losack avenue , epping industrial |
(021) 534 0401 |
1 |
BCWC |
Kloof |
Lifes on Kloof, 50 Kloof Street, Gardens ,Cape Town, shop G-15 |
(021) 422 1593 078 211 8051 |
2 |
BCWC |
Canal Walk |
Shop 619 Canal Walk , Century BLVD, Century City , Cape Town 7441 |
(021) 551 2891 |
3 |
BCWC |
Monte Casino |
Shop 80B Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents |
(011) 465 0438 |
4 |
BCWC |
Menlyn |
Shop UF 42 & 43 cnr atterbury road & lois avenue , menlo park , Pretoria |
(012) 764 9600 |
5 |
BCWC |
Balito |
SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399 |
032 586 0242 |
6 |
BCWC |
Rosebank |
Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg |
(011)268 1114 |
1 |
Magents |
Canal Walk |
Shop 08 , Century Blvd , Century City 7441 |
(021) 551 2533 JP CELL: 064 686 4026 |
2 |
Magents |
Monte Casino |
Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents |
(011) 465 6721 074 669 6310 073 804 4352 079 884 7607 |
3 |
Magents |
Menlyn |
MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal |
4 |
Magents |
Balito |
SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399 |
061 521 7446 032 586 1467 |
1 |
WSA |
Menlyn |
MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
Vicky - 078 816 1921 land line - 012 348 4766 |
6 |
BCWC |
Rosebank |
Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg |
(011)268 1114 |
1 |
Magents |
Canal Walk |
Shop 08 , Century Blvd , Century City 7441 |
(021) 551 2533 JP CELL: 064 686 4026 |
2 |
Magents |
Monte Casino |
Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents |
(011) 465 6721 074 669 6310 073 804 4352 079 884 7607 |
3 |
Magents |
Menlyn |
MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal |
4 |
Magents |
Balito |
SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399 |
061 521 7446 032 586 1467 |
1 |
WSA |
Menlyn |
MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA |
Vicky - 078 816 1921 land line - 012 348 4766 |
Houston and Johannesburg – LyondellBasell (NYSE: LYB) and Sasol (JSE: SOL, NYSE: SSL) today announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure for a total consideration of US$2 Billion. The agreement includes customary rights for each partner regarding the potential future sale of its ownership interest. The JV will operate under the name Louisiana Integrated PolyEthylene JV LLC.
“This investment represents a unique opportunity to bring together the best of both companies and create deep, long-term value while immediately realizing the many benefits of new, strategically-located, world-scale assets,” said Bob Patel, CEO of LyondellBasell. “This approach is consistent with our strategy of investing in high quality assets that meet our threshold for value creation, while also maintaining our investment grade rating and commitment to our dividend. The transaction is expected to be accretive to both cash flow and EPS within one year with significant upside as market conditions continue to improve.”
“We are very pleased to have LyondellBasell join us as a key partner in our U.S. Base Chemicals Business in Lake Charles. LyondellBasell is the ideal partner to ensure the success of these world-class assets with its deep expertise in commodity chemicals,” said Fleetwood Grobler, President and CEO, of Sasol. “This milestone coincides with our 70-year anniversary and represents a significant step in creating Future Sasol, which will be a more sustainable and resilient business for the long-term. We’re excited about this joint venture and look forward to building a mutually beneficial and successful partnership with LyondellBasell.”
Strategic and financial benefits
The JV’s newly constructed assets are strategically located on the U.S. Gulf Coast, with access to low-cost feedstock, storage and logistics infrastructure.
LyondellBasell’s investment in the JV allows the company to expand in a core area of its business and leverages the company’s operational and commercial strengths. Additionally, by investing in these assets, the company will realize immediate returns and eliminate customary construction risks associated with new project execution.
This transaction represents a significant step for Sasol in achieving its financial and strategic objectives by reducing net debt and rapidly shifting the company’s portfolio towards specialty chemicals. Sasol undertook a process to determine the optimal partnership construct for its U.S. Base Chemicals Business. The LyondellBasell proposal offered the best combination of upfront and long-term value, consistent with Sasol’s long-term strategic priorities.
Transaction terms
Under the terms of the transaction agreements, each JV partner will provide pro-rata shares of ethane feedstocks and will offtake pro-rata shares of cracker and polyethylene (PE) products at cost. LyondellBasell will operate the U.S. Base Chemicals assets on behalf of the JV.
Upon close of the transaction, some Sasol U.S. employees will become employees of LyondellBasell. Sasol will retain full ownership and operational control of its Lake Charles Research and Development complex, Lake Charles East Plant ethane cracker and U.S. Performance Chemicals Business assets in Lake Charles, which produce Ziegler alcohols and alumina, ethoxylates, Guerbet alcohols, paraffins, comonomers, linear alkyl benzene, ethylene oxide and ethylene glycol. The U.S. Performance Chemicals Business is a key part of Future Sasol, consistent with the strategy to increase focus on specialty chemicals where Sasol enjoys differentiated capabilities and strong market positions. Sasol will also retain access to competitively priced onsite ethylene to ensure value chain integration.
The transaction is subject to customary regulatory approvals and approval by Sasol shareholders. The transaction is expected to close by the end of 2020.
Advisors
Kirkland & Ellis LLP is serving as LyondellBasell's legal counsel, while Gordon Dyal & Co. and J.P. Morgan are serving as financial advisors. Latham & Watkins LLP is serving as Sasol’s legal counsel, while Bank of America is serving as financial advisor.
Investor conference call
LyondellBasell will host a conference call on Friday, October 2 at 9:00 a.m. EDT. Participants on the call will include Chief Executive Officer Bob Patel, Chief Financial Officer Michael McMurray and Director of Investor Relations Dave Kinney.
The toll-free dial-in number in the U.S. is +1 (800) 475-8402. A complete listing of toll-free numbers by country is available at www.LyondellBasell.com/teleconference for international callers. The passcode for all numbers is 6934553.
The slides that accompany the call will be available at https://www.LyondellBasell.com/investorevents.
A replay of the call will be available from 11:00 a.m. EDT Friday, October 2 until December 2 at 11:59 p.m. EDT. The replay dial-in numbers are +1 (800) 333-0467 (U.S.) and +1 (203) 369-3627 (toll). The passcode for each is 3652.
Sasol will host a conference call on 2 October 2020 at 14:00 (SA time) via webcast on the following link: https://www.corpcam.com/Sasol02102020. Participants on the call will include President and CEO Fleetwood Grobler and Chief Financial Officer Paul Victor.
The slides that accompany the call will be available at https://www.Sasol.com/investorcentre