Sasol Form 20-F for the year ended 30 June 2021 - Book - Page 89
During the year, Sasol group companies, in the
ordinary course of business, entered into various
purchase and sale transactions with associates, joint
ventures and certain other related parties. The effect of
these transactions is included in the financial
performance and results of the Sasol group. Terms and
conditions are determined on an arm’s length basis.
person or entity holds a controlling interest in our
In accordance with the requirements of the
Companies Act, the following beneficial shareholdings
equal to or exceeding 5% of the total issued securities
during the last three years were disclosed or established
from inquiries as of 30 June 2021.
GEPF(1) . . . . . .
IDC(2) . . . . . . .
107 391 458 16.93
53 266 887
94 191 069
53 266 887
Amounts due to and from related parties are
disclosed in the respective notes to the financial
statements for the respective statement of financial
position line items. Refer to “Item 18—Financial
Statements—Note 38 Related party transactions” for
86 926 548 13.78
53 266 887
Government Employees Pension Fund (GEPF).
Industrial Development Corporation of South Africa
7.C Interests of experts and counsel
The voting rights of major shareholders do not
differ from the voting rights of other shareholders.
ITEM 8. FINANCIAL INFORMATION
As of 31 August 2021, 36 926 482 Sasol
ordinary shares, or approximately 5,88% of our total
issued securities, were held in the form of ADRs. As of
31 August 2021, 93 record holders in the US held
approximately 18,3% of our total issued securities in
the form of either Sasol ordinary shares or ADRs.
8.A Consolidated statements and other financial
The Board has ascertained that some of the
shares registered in the names of nominee holders are
managed by various fund managers. Refer to “Item 18
– Financial Statements –Shareholders’ Information” for
information regarding fund managers responsible for
managing investments of 3% or more of the share
capital of Sasol Limited as at 30 June 2021.
Refer “Item 18—Financial Statements” for our
financial statements, related notes and other financial
CHEPS serves as a reference for deciding on
the dividend amount. The company’s dividend policy
also takes into consideration various factors, including
overall market and economic conditions, the group’s
financial position, capital investment plans as well as
7.B Related party transactions
We apply a dividend policy to pay dividends
with a dividend cover range based on CHEPS. CHEPS
reflects the sustainable business operations and is used
by the board to measure the business and financial
performance. When we make a decision on dividends,
we take a number of factors into account. These include
the impact of the current volatile macroeconomic
environment, capital investment plans, the current
strength of the company’s balance sheet, and the
dividend cover range.
There have been no material transactions
during the most recent three years, other than as
described below, nor are there proposed to be any
material transactions at present to which we or any of
our subsidiaries are or were a party and in which any
senior executive or director, or 10% shareholder, or any
relative or spouse thereof or any relative of such
spouse, who shared a home with this person, or who is
a director or executive officer of any parent or
subsidiary of ours, had or is to have a direct or indirect
material interest. Furthermore, during our three most
recent years, there has been no, and at 30 June 2021
there was no, outstanding indebtedness to us or any of
our subsidiaries owed by any of our executive or
independent directors or any associate thereof.
Refer to “Item 10.B—Memorandum and
articles of association—3. Rights and privileges of
holders of our securities”.