JSE Sens
SASOL LIMITED - The Minister of Forestry, Fisheries and the Environment Upholds Sasol South Africa’s Appeal
2024/04/08 07:05:00Download PDF Stock report
The Minister of Forestry, Fisheries and the Environment Upholds Sasol South Africa’s Appeal
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol, the Company, Equity issuer)
Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)
THE MINISTER OF FORESTRY, FISHERIES AND THE ENVIRONMENT (MINISTER)
UPHOLDS SASOL SOUTH AFRICA'S APPEAL AND PERMITS THAT A LOAD-BASED
LIMIT BE APPLIED TO REGULATE SULPHUR DIOXIDE EMISSIONS FROM THE
BOILERS OF THE SECUNDA OPERATIONS
Shareholders are referred to Sasol's SENS announcement issued on 12 July 2023, wherein
it was stated that, on 11 July 2023, the National Air Quality Officer (NAQO) refused the
application of Sasol South Africa Limited (SSA), in terms of Clause 12A of the Minimum
Emission Standards (MES) published on 22 November 2013 in terms of section 21 of the
National Environmental Management: Air Quality Act, 2004 (Act No. 39 of 2004), to be
regulated on an alternative emission load basis, as opposed to the current concentration-
based limits, for the sulphur dioxide (SO2) emissions generated from the boilers at our
Secunda Operations' steam plants from 1 April 2025 onwards. Sasol has been steadfast in
its commitment to ambient air quality improvement and reducing its environmental footprint.
On 31 July 2023, SSA submitted an appeal to the Minister, as provided for in section 43(1)
of the National Environmental Management Act,1998 (Act No. 107 of 1998), to set aside the
decision of the NAQO.
On 5 April 2024, the Minister issued her decision, in terms of which she upheld SSA's appeal
and set aside the decision of the NAQO. The Minister concluded that SSA's application met
all the requirements of Clause 12A, and therefore replaced the NAQO's decision by
permitting that load-based limits be applied from 1 April 2025 up to 31 March 2030. We will
engage with the Minister to finalise the regulatory requirements for the decision to take full
effect, following which our atmospheric emission license will have to be varied accordingly.
The decision is available on our website: www.sasol.com.
8 April 2024
Sandton
Equity Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 08-04-2024 07:05:00
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