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Share-based payment reserve (Tables)
12 Months Ended
Jun. 30, 2022
Share-based payment transaction  
Schedule of share-based payment expense

2022

2021

2020

 

for the year ended 30 June

    

Note

  

Rm

    

Rm

    

Rm

 

During the year, the following share-based payment expense was recognised in the income statement relating to the equity-settled share-based payment schemes:

 

  

 

  

 

  

 

  

Long-term incentives

 

35.1

 

1 001

 

1 042

 

878

Sasol Khanyisa Employee Share Ownership Plan (ESOP)

35.2

163

885

1 068

Tier 1 — Eligible Inzalo participants

 

 

 

567

 

642

Tier 2 — Qualifying employees

 

 

163

 

318

 

426

Equity-settled — recognised directly in equity

 

 

1 164

 

1 927

 

1 946

Sasol 2016 Long-term Incentive plan  
Share-based payment transaction  
Schedule of movements in the number of incentives outstanding

    

    

Weighted average

Number of

fair value

Movements in the number of incentives outstanding

incentives

Rand

Balance at 30 June 2020

 

10 908 312

 

345,74

LTIs granted

 

5 957 275

 

146,58

LTIs exercised

 

(1 940 848)

 

352,18

Effect of CPTs and LTIs forfeited

 

(1 452 069)

 

345,14

Balance at 30 June 2021*

 

13 472 670

 

256,68

LTIs granted

 

3 822 529

 

246,26

LTIs exercised

 

(1 488 900)

 

461,96

Effect of CPTs and LTIs forfeited

 

(1 544 102)

 

351,79

Balance at 30 June 2022*

 

14 262 197

 

222,16

*

The incentives outstanding as at 30 June 2022 have a weighted average remaining vesting period of 1,4 years. The exercise price of these options is Rnil.

Schedule of weighted average market price

2022

2021

for year ended 30 June

    

Rand

    

Rand

Average weighted market price of LTIs vested

 

230,48

 

134,25

Schedule of the assumptions used to calculate the average fair value of options granted

Average fair value of incentives granted

    

    

2022

    

2021

Model

 

Monte-Carlo

 

Monte-Carlo

Risk-free interest rate — Rand

 

(%)

 

4,967,28

 

3,99 – 5,90

Risk-free interest rate — US$

 

(%)

 

0,321,45

 

0,17 – 0,28

Expected volatility

 

(%)

 

78,67

 

98,34

Expected dividend yield

 

(%)

 

2,90

 

3,49

Expected forfeiture rate

 

(%)

 

5

 

5

Expected vesting percentage

(%)

97,27

97,42

Vesting period — top management

 

3/5 years

 

3/5 years

Vesting period — all other participants

 

3 Years

 

3 years