Johannesburg, South Africa – Sasol has committed R10 million to help rebuild businesses and communities that have been devastated by the recent unrests in South Africa, particularly in Gauteng and KwaZulu-Natal. The funds were raised through corporate donation, employee giving mobilisation and SMME support.
Sasol Executive Vice President: Human Resources and Stakeholder Relations, Charlotte Mokoena, says while the recent unrest in parts of the country was indeed cause for despair, there are signs of hope on the horizon as ordinary citizens’ stand shoulder to shoulder to rebuild communities.
“One outcome of this unfortunate period is that it spurred a greater sense of shared responsibility among us. While the unrest was another blow in a prolonged pandemic, it also became a springboard for people from all walks of life to come forward and make a difference,” said Mokoena.
It is in this spirit that Sasol will be donating R10 million to impacted communities, non-profit organisations and small businesses, to help rebuild the country.
Of this, Sasol will contribute R2 million to Gift of the Givers, and the balance to other smaller non-profit organisations on the ground who are doing their best to support impacted communities, affected Sasol franchisees and SMMEs that do business with the company, and other businesses.
“As the dust begins to settle, we are seeing encouraging signs of ordinary South Africans standing together, supporting each other and showing compassion and care. These are values we embrace at Sasol and we will continue to work with civil society, business formations, government and NPOs to assist and support where we can,” said Mokoena.
Sasol may, in this document, make certain statements that are not historical facts that 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 statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” 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 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 of important factors could cause actual results to differ materially 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 on Form 20-F filed on 28 August 2018 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.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.