SASOL LTD — Regulatory Filings 2003

Jun 6, 2003

6-K 1 j1871_6k.htm 6-K

*SECURITIES AND EXCHANGE COMMISSION*

*Washington, D.C. 20549*

*FORM 6-K*

Report of Foreign Private Issuer

*Pursuant to Rule 13a -16 or 15d -16 of the Securities Exchange Act of 1934*

Report on Form 6-K for June 6, 2003

*Sasol Limited*

*1 Sturdee Avenue*

*Rosebank 2196*

*South Africa*

(Name and address of registrant’s principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ý Form 40-F o

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Enclosures:

Sasol Limited Trading Update

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 6, 2003
By:	/s/sgd N L Joubert
	Name: Dr N L Joubert
	Title: Company Secretary

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Sasol Limited

(Incorporated in the Republic of South Africa)

(Registration number 1979/003231/06)

(Isin: ZAE000006896)

Share codes: JSE – SOL

NYSE – SSL

Sasol Limited Trading Update

In its Interim Profit Announcement published on 11 March 2003, Sasol advised that it was likely that attributable earnings for the full financial year ending 30 June 2003 would be less than those of the previous financial year.

Reference was made to wide-spread uncertainty in global markets and the slowing down of the world’s major economies, as well as the unexpected further strengthening of the Rand. This made currency and profit forecasting complex.

With respect to its chemicals portfolio, Sasol referred to some of these businesses being exposed to continuing margin pressures because of intense competition and higher energy-related feedstock costs.

Contrary to in-house expectations and those of many economists and financial institutions, the Rand continued to strengthen in each subsequent month through to end-May, with a corresponding adverse impact on trading revenues and translation effects.

Furthermore, chemical margins particularly in Europe and North America reduced to very low levels and, in some cases, caused losses.

Because of these factors, and consistent with the earlier announcement that earnings for the full financial year will be less than those of the previous year, Sasol hereby announces that on the basis of prevailing assumptions it anticipates its attributable Rand earnings to be of the order of 22% lower for the current financial year.

This forecast has been calculated using the same International Accounting Standards(IAS) used in the previous year.

With respect to the dividend declaration, it is anticipated that the total dividend for the year ending 30 June 2003 will be the same as in the previous financial year, which will be within the Group’s targeted dividend cover range of 2,5 to 3,5.

The Independent Accountants Report on the profit forecast is available for inspection at the offices of Sasol.

Forward-looking statements disclaimer

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In this announcement we have made certain statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “believe”, “expect”, “will” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may be very different from those anticipated. The factors that could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on March 6, 2003 and in other filings with the United States Securities and Exchange Commission. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise

Friday, June 6, 2003

Issued by:
Deutsche Securities (SA) (Proprietary) Limited

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