Sasol In Society Report Final - Book - Page 36
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Year in Review: South Africa
Delivery
in South
Africa
Sasol is headquartered in
Johannesburg, South Africa.
It is ranked by Business Insider as
the third largest economy in Africa,
after Nigeria and Egypt, with a
GDP of US $406 billion. Our main
operating complexes are located in
South Africa – more specifically, in
Sasolburg, Free State and Secunda,
Mpumalanga. The World Bank classifies South
Africa as an upper middle-income economy and
a newly industrialised country with an abundant
supply of natural resources and well-developed
financial, legal, communications, energy, and
transport sectors.
Although South Africa is a diverse country with
a population of about 60 million people and
11 official languages, it’s also faced with key
challenges. Faced with unemployment, poverty
and inequality, there’s currently an approximate
33% unemployment rate, with 46% of youth
being unemployed.
For this reason, Sasol is resolute when it comes
to ensuring that all our programmes target
the right population group, such as the youth
in our fenceline communities, so they can be
meaningfully engaged and get the right skills or
training for employability or entrepreneurship.
Sasol invested R857,3 million directly into local
communities across our operating geographies.
This exceeded four percent (4%) net profit
after tax (NPAT) target set for our contribution
in society. This includes socio-economic
development globally and enterprise and supplier
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SASOL IN SOCIETY 2023
development spend in South Africa mainly.
In addition, a significant amount is spent on
preferential procurement and localisation in South
Africa, Mozambique and North America where
small and fenceline businesses are targeted.
We prioritise stakeholder concerns regarding
economic empowerment and localisation of
procurement to ensure that our communities
grow and can sustain and retain local jobs. We
have open and transparent communication
regarding community interventions aligned
with our approach, strategy, Group minimum
standards and policies that allow us to consider
the business strategy, societal needs and our
national and local priorities.
Our investments are tailored to the needs of
the country and region in which we operate,
and are aligned with their national, regional and
local goals. Our impact ranges across education,
healthcare, infrastructure, environment, employee
volunteerism and access to work skills and small
business development programmes.