Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 128
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SASOL LIMITED GROUP
Other disclosures continued
38 Related party transactions continued
Identity of related parties with whom material transactions have occurred
Except for the group's interests in joint ventures and associates, there are no other related parties with whom material individual
transactions have taken place.
Key management remuneration
Key management comprises of Executive and Non-executive Directors as well as other members of the Group Executive Committee
(GEC)/Prescribed Officers. Refer to page 37 to 46 of the audited Remuneration Report for full details of remuneration of key
management personnel and Non-executive Directors, as well as the former Joint CEOs and Presidents.
Executive Directors
Salary
R'000
Retirement
funding
R'000
Other
benefits
R'000
24 221
1 078
2 984
Annual
incentives²
R'000
37 210
Total
2021¹
R'000
65 493
Total
2020¹
R'000
Total
2019¹
R'000
22 944
46 948
1 Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.
2 Short-term incentives approved based on the Group results for the 2021 financial year and payable in the 2022 financial year. Incentives are
calculated as a percentage of total guaranteed package/base salary as at 30 June 2021 multiplied by the Group STI performance and the Individual
Performance Factor.
Gains on Long-term incentives previously awarded to the Executive Directors' and former Executive Directors' vested after the
performance period ended 30 June 2021, are as follows:
Long-term
Executive Directors
incentive
rights
vested¹
R'000
Total
2021
R'000
Total
2020
R'000
Total
2019
R'000
4 824
4 824
2 657
25 025
1 Long-term incentives for the 2021 financial year represent incentives approved on the group results for the performance period ended 30 June 2021,
settled in the 2022 financial year.
Remuneration and benefits paid and short-term incentives approved for the Prescribed Officers were as follows:
Prescribed Officers
Retirement
Other
Salary
R'000
funding
R'000
benefits
R'000
35 540
5 086
10 737
Annual
incentives²
R'000
41 454
Number of Prescribed
Officers
Total
2021¹
R'000
Total
Total
2020¹
R'000
2019¹
R'000
92 817
52 142
67 488
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1 Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.
2 Short-term incentives approved based on the Group results for the 2021 financial year and payable in the 2022 financial year. Incentives are
calculated as a percentage of total guaranteed package/base salary as at 30 June 2021 multiplied by the Group STI performance and the Individual
Performance Factor.
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Sasol Annual Financial Statements 2021