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Interest in significant operating subsidiaries (Tables)
12 Months Ended
Jun. 30, 2019
Interest in significant operating subsidiaries  
Schedule of interest in significant operating subsidiaries

 

 

 

Country of

 

 

 

% of equity owned

 

Investment at cost (Rm)(1)

 

 

 

 

 

 

 

 

 

 

 

Name

 

incorporation

 

Nature of activities

 

2019

 

2018

 

2019

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Significant operating subsidiaries

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

 

 

 

 

 

 

 

 

 

 

 

Sasol Mining Holdings (Pty) Ltd

 

South Africa

 

Holding company of the group’s mining interests

 

100

 

100

 

9 163

 

9 163

 

Sasol Technology (Pty) Ltd

 

South Africa

 

Engineering services, research and development and technology transfer

 

100

 

100

 

316

 

316

 

Sasol Financing Ltd

 

South Africa

 

Management of cash resources, investments and procurement of loans (for South African operations)

 

100

 

100

 

422

 

422

 

Sasol Investment Company (Pty) Ltd(2)

 

South Africa

 

Holding company for foreign investments

 

100

 

100

 

65 748

 

62 580

 

Sasol South Africa Ltd(3),(4)

 

South Africa

 

Integrated petrochemicals and energy company

 

100

 

100

 

32 320

 

28 066

 

Sasol Middle East and India (Pty) Ltd

 

South Africa

 

Develop and implement international GTL and CTL ventures

 

100

 

100

 

10 092

 

10 092

 

Sasol Africa (Pty) Ltd

 

South Africa

 

Exploration, development, production, marketing and distribution of natural oil and gas and associated products

 

100

 

100

 

8 069

 

8 069

 

Sasol Oil (Pty) Ltd

 

South Africa

 

Marketing of fuels and lubricants

 

75

 

75

 

672

 

657

 

Sasol New Energy Holdings (Pty) Ltd

 

South Africa

 

Developing lower-carbon energy solutions

 

100

 

100

 

792

 

932

 

 

(1)The cost of these investments represents the holding company’s investment in the subsidiaries, which eliminate on consolidation.

(2)Increase relates to equity funding of the LCCP.

(3)Increase relates to notional interest relating to Khanyisa transaction.

(4)Sasol Khanyisa shareholders indirectly have an 18,4% shareholding in Sasol South Africa Limited. Once the Khanyisa funding is settled, the Sasol Khanyisa ordinary shares will be exchanged for Sasol BEE Ordinary (SOLBE1) shares listed on the empowerment segment of the JSE.

 

 

 

 

Country of

 

 

 

% of equity owned

 

 

 

 

 

 

 

 

 

Name

 

incorporation

 

Nature of activities

 

2019

 

2018

 

 

 

 

 

 

 

 

 

 

 

Significant operating subsidiaries

 

 

 

 

 

 

 

 

 

Indirect

 

 

 

 

 

 

 

 

 

The Republic of Mozambique Pipeline Investment Company (Pty) Ltd (Rompco)*

 

South Africa

 

Owning and operating of the natural gas transmission pipeline between Temane in Mozambique and Secunda in South Africa for the transportation of natural gas produced in Mozambique to markets in Mozambique and South Africa

 

50

 

50

 

Sasol Financing International Limited

 

South Africa

 

Management of cash resources, investment and procurement of loans (for our foreign operations)

 

100

 

100

 

Sasol Germany GmbH

 

Germany

 

Production, marketing and distribution of chemical products

 

100

 

100

 

Sasol Italy SpA

 

Italy

 

Trading and transportation of oil products, petrochemicals and chemical products and derivatives

 

100

 

100

 

Sasol Mining (Pty) Ltd

 

South Africa

 

Coal mining activities

 

90

 

90

 

Sasol Canada Holdings Limited

 

Canada

 

Exploration, development, production, marketing and distribution of natural oil and gas and associated products in Canada

 

100

 

100

 

Sasol Chemicals (USA) LLC

 

United States of America

 

Production, marketing and distribution of chemical products

 

100

 

100

 

Sasol Financing USA LLC

 

United States of America

 

Management of cash resources, investment and procurement of loans (for our North American operations)

 

100

 

 

 

*Through contractual arrangements Sasol exercises control over the relevant activities of Rompco.