Sasol as an investment
| Sasol Limited listed on the South African bourse operated by the JSE Limited, then known as the Johannesburg Stock Exchange, in October 1979 at R2 a share, with a market capitalisation of R500 million. Our market capitalisation stood at over R183 billion (about US$24 billion) at 30 June 2010 (a 2% year-on-year increase). Sasol listed its ordinary shares on the New York Stock Exchange in April 2003 for purposes of its American Depositary Receipt (ADR) programme. Since then, we have seen our share price reach a maximum of US$66,09 from a US$10,30 low. American and Canadian shareholders held about 17% of Sasol’s shares at 30 June 2010. On a five-year moving average basis, we have sustained our compound earnings growth rate at 11,3% in rand terms. On a three-year moving average basis, we have maintained our compound earnings growth above 10% in US dollar terms. On 30 June 2010, our most recent financial year end, Sasol had about 67 885 beneficial shareholders and 639,3 million Sasol ordinary shares in issue. |
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| Enjoying diversified ownership | ||||||||||||||||||||||||||||||
| No single organisation or individual has a controlling share in Sasol Limited. Based on disclosures made, or information established through enquiries, two shareholders each owned more than a 5% share in Sasol Limited at 30 June 2010: | ||||||||||||||||||||||||||||||
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| At 30 June 2010, the two largest categories of Sasol shareholders were pension and provident funds with a 27,8% ownership and unit trusts with a 21,9% ownership. American Depositary Receipt (ADR) holders owned 5,8% of our shares, while insurance companies owned 6,5%. Our Sasol BEE ordinary shareholders own 2,8 million Sasol BEE ordinary shares in Sasol Limited that were listed on the BEE segment of the JSE in February 2011. In addition, some 215 000 black people and groups, through Sasol Inzalo Public Limited, indirectly own 16,1 million unlisted shares in Sasol Limited. |
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| Fund managers | ||||||||||||||||||||||||||||||
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| * Included in this portfolio are 86 million shares managed on behalf of the Government Employees Pension Fund. |