UNITED 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 February 06, 2015
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): ____
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.
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): ____
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.
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.
Yes _____ No __X__
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b):
82-_______________.
Enclosures: Trading statement for the six months ended
31 December 2014
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
("Sasol" or "the Company")
Trading statement for the six months ended 31 December 2014
Sasol's headline earnings per share (HEPS) for the six months
ended 31 December 2014 is expected to increase by between 3% and
9% (approximating R0,91 to R2,72) and earnings per share (EPS)
for the same period is expected to increase by between 51% and
57% (approximating R10,65 to R11,90), off a 2014 half year base
of R30,19 and R20,88 respectively. Excluding the impact of
notable once-off items, net impairments charges, stock movements
and the share-based payment expense, EPS would have decreased by
between 21% and 27%.
Sasol's profitability for the first half of the 2015 financial
year was positively impacted by the following factors:
* A solid operational performance through increases in production
and sales volumes across the majority of Sasol's integrated
value chain;
* Normalised cash fixed costs continue to trend below inflation;
* 9% weaker average rand/US dollar exchange rate;
* Notable once-off charges prompted by volatile macro-economic
factors, changes to the share price and decisive management actions:
* Reversal of share-based payment expense of R2,5 billion due to a
32% lower share price;
* Positive impact arising from the movement in unrealised profit in
inventory of approximately R2,0 billion at period end;
* Net impairments of R0,2 billion for the six months under review
compared to the comparable period of R6,0 billion, which included
the R5,3 billion partial impairment of our Canadian shale gas assets;
and
* Extension of the useful life of our Southern African operations
amounting to R2,5 billion.
Conversely, Sasol's profitability was negatively impacted by 19%
lower average Brent crude oil prices (average dated Brent was
US$89/barrel for the six months ended 31 December 2014 compared
to US$109,83 in the prior comparable period).
We maintained a strong group-wide operational performance, with
our Southern Africa Energy business increasing white and black
product volumes by 3%. Our Base Chemicals and Performance
Chemicals businesses increased their sales volumes by 1% and 7%
respectively, on a comparable basis. In addition, our ORYX GTL
facility sustained its solid performance, with an average
utilisation rate of 91% for the period under review. A detailed
production summary and key business performance metrics have been
made available on our website, www.sasol.com.
Our company-wide business performance enhancement programme is
progressing well and we are set to deliver on our targets for the
2015 financial year in terms of both sustainable cost savings and
implementation costs.
On 1 July 2014, we operationalised our Project 2050 initiative to
extend the lifespan of our South African operations to the middle
of the century, further demonstrating our commitment to South
Africa and the region. The Sasolburg and Natref operations are
extended to 2034. This resulted in a decrease in depreciation of
R0,7 billion and a decrease in environmental provisions of R1,8
billion for the six months ended 31 December 2014.
The most significant remeasurement items for this period are the:
* Reversal of the impairment of the FT Wax Expansion Project of
R1,3 billion, which was mainly due to the extension of the useful
life of the asset from 2029 to 2034 and a weaker rand/US dollar
exchange rate; and
* Partial impairment of our Etame assets in Gabon of R1,3 billion,
primarily as a result of the decrease in the oil price.
On 28 January 2015, Sasol announced that it is formulating a
comprehensive plan to conserve cash, in response to the lower
international oil prices. The response plan targets, related
organisational structure refinements and key policy changes will
be communicated at our results announcement on 9 March 2015.
Our results for the first half of the 2015 year may be further
affected by any adjustments resulting from our half-year end
closure process. This may lead to a change in the estimated
earnings noted above.
This trading statement only deals with the comparison to the
first half of the 2014 financial year. Guidance will be provided
on the full 2015 financial year's results when there is a
reasonable degree of certainty in this regard.
We expect that there will be a further negative impact on our
results for the remainder of the 2015 financial year due to lower
oil prices.
The financial information on which this trading statement is
based has not been reviewed or reported on by the Company's
external auditors. Sasol's financial results for the six months
ended 31 December 2014 will be announced on Monday, 9 March 2015.
6 February 2015
Johannesburg
Sponsor: Deutsche Securities (SA) Proprietary Limited
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 February 06, 2015 By: /s/ V D Kahla
Name: Vuyo Dominic Kahla
Title: Company Secretary