SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 20
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PORTFOLIOS
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
CHAIRMAN’S STATEMENT
KEY MESSAGES
The Board remains confident in Sasol’s direction,
as we transform with focus, execute with discipline,
and build a more resilient and sustainable business
for the future – reshaping for a new era.
Our strategic priorities must be carefully balanced across social, economic
and environmental dimensions. Especially since Sasol, which marks its
75th anniversary in September 2025, plays a key role in the geographies in
which we operate. For example, in South Africa, Sasol contributes more
than 5% of GDP and remains one of the largest private investors in social
development.
Our strategy, outlining a credible pathway to a more competitive, relevant
and sustainable Sasol is detailed on page 24 – 26.
Muriel Dube | Chairman
Dear stakeholders
This past year has been one of reflection and renewed
focus for Sasol. With the full support of the Board,
we’ve sharpened our strategy to position the business
for long-term resilience and value creation. Our refined
direction is grounded in the realities we face, both globally
operationally, and ensures we are focused on what
matters most: being competitive, reliable, and future-fit.
The Sasol Board is acutely aware of the pressures facing our business.
Persistent macroeconomic headwinds demand a disciplined focus on
the factors within our control. Strengthening the Sasol balance sheet
and driving financial resilience remain top priorities. The strategic steps
that we are taking are aimed at delivering stakeholder value, reducing
debt and restoring confidence in the company. These priorities are
reflected in the material matters identified in FY25 of ‘strengthening for
resilience’ and ‘sustainably grow and transform' to transform to Sasol
of the future, as detailed on page 44.
• Advancing Sasol’s
strategy to ensure
long-term sustainability
• Delivering value for all
our stakeholders
• Reinforcing governance
to restore trust and drive
long-term performance
The year was marked by a number of changes to the Board. On
1 September 2024, Mr Walt Bruns became an Executive Director,
assuming the role of Chief Financial Officer, replacing Mr Hanré Rossouw,
to whom we bid farewell and extend our thanks. On 13 September 2024,
I was appointed Chairman, after a comprehensive appointment process
following the resignation of Mr Sipho Nkosi in November 2023. Additionally,
Mr David Eyton was appointed to the Board on 1 September 2024.
On 6 June 2025, Mr Tim Cumming resigned as a non-Executive Director.
We thank him for his contribution over the year and wish him well in his
future endeavours. On 9 June 2025, we welcomed Ms Xikongomelo
Maluleke to the Board as a non-Executive Director. Changes to our
Committees are detailed on pages 123 – 127.
The Board periodically commissions independent assessments of the
various levels of leadership. It is satisfied that all non-executive directors
are independent. The Board’s succession plans are intended to optimise
the balance between independence and continuity on both the Board and
its Committees.
Safety first
Appreciation and looking ahead
Sasol’s commitment to safety is unwavering. ‘Safety of our people’ is our
first material matter (see page 45) and our foremost value (see page 6).
We recorded one tragic fatality in FY25 – that of a service provider in
August 2024. Even though we saw a reduction in fatalities during FY25
every fatality remains one to many. We continue to hold management
accountable for building and sustaining safe working environments,
every day, across every site, resolved to be best in class in our industry
and send everyone home safely.
Team Sasol is the driving force of our business. On behalf of the Board,
I extend our heartfelt thanks to all our employees, service providers
and contractors for their tireless efforts over the past year. As we
enter the new financial year gets underway, we do so with commitment
and strength, ready to face challenges together as one united team.
My appreciation is extended to my fellow Board members for their
enduring effort and thoughtful contributions.
Ethical and effective leadership
The Board is committed to ethical and effective leadership and the highest
levels of corporate governance. To this end, in FY25 we oversaw
amendments to the Code of Conduct to better reflect the Group’s
ambition to build a more sustainable Sasol. It is important that all Sasol’s
policies are unambiguous regarding transparency and integrity. Our
unrelenting commitment allows us to maintain our role as a responsible
corporate citizen, delivering sustainable value to all our stakeholders. This
is in line with Sasol’s material matters of ‘environmental stewardship’ and
‘strengthening our relationships with customers, stakeholders and
regulators’ as detailed on page 48 and 49.
SASOL INTEGRATED REPORT 2025
19
Reaching the milestone of 75 years in September 2025 is a proud distinction
for Sasol. From our pioneering beginnings we have continuously shaped
industries and contributed to progress in South Africa and beyond. As we
look ahead, we are reinventing ourselves to remain a catalyst for
innovation, sustainability and value creation across all the markets where
we operate. The Board has full confidence in Team Sasol to deliver on this
ambition. We are proud to be part of this journey and extend sincere
thanks to our stakeholders for their continued support and engagement
as we build the next chapter together.
Muriel Dube
Chairman
27 August 2025
