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Procurement policy and procedures

 
Sasol recognises that we can only achieve our objective of earning strong returns for shareholders if we sustain the loyal and constant support of our customers, contractors and suppliers. Therefore, we strive to obtain the best ultimate value for every rand we spend. We view our relationships with customers, contractors and suppliers as mutually beneficial partnerships with all parties integrating their talents, resources and actions to meet agreed requirements, while continuously striving to do better.

To ensure the integrity of our contractor and supplier relationships, and to safeguard our stakeholders’ interests, we have established minimum procurement standards. As opportunities arise, we fine-tune and enhance these standards for the greater good of our stakeholders and company.
 
Subscribing to high standards
Sasol subscribes to the following standards of commercial practice: 
• We conduct all commercial transactions in an effective and professional manner in support of Sasol’s best interests.
• We interact with suppliers and contractors in accordance with free-enterprise principles by offering equal opportunities for all organisations and individuals who compete for our business.
• We insist on honesty and truthfulness in all commercial transactions. We do not tolerate any form or manifestation of improper influencing, bribery or any other unethical conduct.
• We strive to conclude our transactions so that suppliers and contractors will value our business and always make honest, dedicated and enthusiastic efforts to compete for it.
• We disallow any commercial transactions with employees or any enterprise in which an employee has an interest or connection.
• In accordance with the requirements of South Africa’s Companies Act and relevant international statutes, codes and guidelines, our company directors must disclose any interests they may have in any contract or transaction entered into by the company or any of its subsidiaries.
• We record clearly and unambiguously, in writing, any agreement with a supplier or contractor. We endeavour, as far as practically possible, to allow for unforeseen future events.
• We undertake to respect and meet our commercial commitments. We require that commitments to Sasol are respected, met and consistent with good business practice.
• We prohibit Sasol employees from misusing their positions and Sasol’s purchasing power to obtain goods, materials or services for any personal use at terms not available to the public.
• Whether in the form of sealed bids or not, we handle all quotations in strictest confidence. We do not divulge information on competitiveness or otherwise of proposals and/or prices of goods and services to suppliers, contractors or unauthorised Sasol personnel.
• We strictly observe undertakings such as confidentiality obligations imposed on us by secrecy, licence and similar agreements.
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