Sasol extends ‘Adopt-a-TVET College’ commitment to Gert Sibande

23 May 2016

Secunda, South Africa – Today, Sasol signed an Agreement of Cooperation with the National Department of Economic Development and the Gert Sibande Technical and Vocational Education Training College (GS TVET). This is the second TVET Sasol has adopted under the “Adopt-a-TVET College” initiative led by the Human Resource Development Council of South Africa’s (HRDC).

The agreement is also an extension of the company’s existing agreements with the Gert Sibande TVET College to help address their immediate challenges, while contributing to the National Skills Development strategy. It will see government, industry and academia take a collaborative approach and combine resources to close the national skills gap.  

Skills development, in particular artisanal skills development, is a key focus area for Sasol in contributing to decreasing unemployment and to the development of the country and of the communities in which it operates.
This public-private partnership, aiming to drive skills development through TVETs, will place specific focus on developing technical and managerial expertise; creating access to experiential learning; curriculum development to ensure responsiveness to industry’s needs and lastly the development and promotion of capacity building initiatives in entrepreneurship.

“Realisation of the objectives set in this Agreement of Cooperation has the potential to significantly increase the pool of scarce skills, while creating opportunities for meaningful employment. Our aim through this partnership is to contribute positively towards the economy of the Mpumalanga Province and to reduce the rate of unemployable youth in South Africa,” said Maurice Radebe, Executive Vice President, Energy Business, Sasol Limited.

Sasol may, in this document, 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 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 and cost reductions, including in connection with our Business Performance Enhancement Programme and Response Plan. 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 27 September 2016 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: A billion is defined as one thousand million. All references to years refer to the financial year ended 30 June. Any reference to a calendar year is prefaced by the word "calendar".

Comprehensive additional information is available on our website: www.sasol.com