XML 135 R63.htm IDEA: XBRL DOCUMENT
v3.23.2

Long-term debt (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Long-term debt. |
Schedule of long-term debt | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
for the year ended 30 June | ​ | Rm | ​ | Rm
Total long-term debt |  | 124 068 |  | 104 834
Short-term portion |  | (29 764) |  | (22 334)
​ |  | 94 304 |  | 82 500
Analysis of long-term debt |  |  |  |
At amortised cost | ​ | ​ | ​ | ​
Secured debt |  | 29 |  | 67
Unsecured debt |  | 124 742 |  | 105 142
Unamortised loan costs |  | (703) |  | (375)
​ |  | 124 068 |  | 104 834
Reconciliation |  |  |  |
Balance at beginning of year |  | 104 834 |  | 102 643
Loans raised1 |  | 92 946 |  | 88
Loans repaid2 |  | (91 564) |  | (12 086)
Interest accrued |  | 1 673 |  | 936
Amortisation of loan costs |  | 212 |  | 132
Amortisation of loan modification | ​ | (194) | ​ | —
Translation of foreign operations |  | 16 161 |  | 13 121
Balance at end of year |  | 124 068 |  | 104 834
Interest-bearing status |  |  |  |
Interest-bearing debt |  | 124 068 |  | 104 834
Maturity profile |  |  |  |
Within one year |  | 29 764 |  | 22 334
One to five years |  | 44 732 |  | 55 936
More than five years |  | 49 572 |  | 26 564
​ |  | 124 068 |  | 104 834
| 1 | Relates mainly to the drawdown on the previous revolving credit facility (RCF) of R 26,7 billion (US$1,5 billion), R 2,1 billion raised under the new Domestic Medium Term Note (DMTN) programme, the issue of a R 13,2 billion (US$750 million) convertible bond, R 35,5 billion (US$2 billion) drawdown on the new RCF and term loan and R 17,8 billion (US$1 billion) bonds issued in May 2023. R 11,1 billion proceeds from the convertible bond is included in long-term debt and R 2,1 billion is included in long-term financial liabilities. Refer to note 37.
| 2 | Current year relates mainly to the repayment of the previous RCF and term loan of R 53,9 billion (US$3,0 billion), repayment of R 2,2 billion on the previous DMTN, repayment of R 17,8 billion on the US$1 billion bond, as well as repayment of R 17,8 billion (US$1 billion) on the new RCF. 2022 relates mainly to repayments on the previous RCF.
Schedule of liquidity available from borrowings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2023 | ​ | 2022 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Interest | ​ | Contract | ​ | Rand | ​ | Available | ​ | Utilised | ​ | Utilised | ​
​ | ​ | ​ | ​ | ​ | ​ | rate | ​ | amount | ​ | equivalent | ​ | facilities | ​ | facilities | ​ | facilities | ​
for the year ended 30 June |  | Expiry date |  | Currency |  | % |  | million |  | Rm |  | Rm |  | Rm |  | Rm | ​
Banking facilities and debt arrangements | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Group treasury facilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial paper (uncommitted) |  | None |  | Rand |  | 3 months Jibar + 1,3% | ​ | — |  | — |  | — | ​ | — |  | 2 176 | ​
Commercial paper (uncommitted)1 |  | None |  | Rand |  | 3 months Jibar + 1,44% / 1,59% | ​ | 15 000 |  | 15 000 |  | 12 934 | ​ | 2 066 |  | — | ​
Commercial banking facilities |  | None |  | Rand |  | * | ​ | 8 150 |  | 8 150 |  | 8 150 | ​ | — |  | — | ​
Revolving credit facility |  | June 2024 |  | US dollar |  | SOFR+ Credit Adj +2% | ​ | — |  | — |  | — | ​ | — |  | 2 442 | ​
Revolving credit facility2 |  | April 2028 |  | US dollar |  | SOFR+ Credit Adj +1.6% | ​ | 1 987 |  | 37 415 | ​ | 37 415 | ​ | — |  | — | ​
Debt arrangements |  | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ | ​
US Dollar Bond | ​ | November 2022 | ​ | US dollar | ​ | 4,50% | ​ | — | ​ | — | ​ | — | ​ | — | ​ | 16 280 | ​
US Dollar Bond3 |  | March 2024 |  | US dollar |  | 5,88% | ​ | 1 500 |  | 28 245 |  | — | ​ | 28 245 |  | 24 420 | ​
US Dollar term loan | ​ | June 2024 | ​ | US dollar | ​ | SOFR+ Credit Adj +2% | ​ | — | ​ | — | ​ | — | ​ | — | ​ | 20 919 | ​
US Dollar Bond3 | ​ | September 2026 | ​ | US dollar | ​ | 4,38% | ​ | 650 | ​ | 12 240 | ​ | — | ​ | 12 240 | ​ | 10 582 | ​
US Dollar Convertible Bond4 |  | November 2027 |  | US dollar |  | 4,50% | ​ | 750 |  | 14 123 |  | — | ​ | 14 123 |  | — | ​
US Dollar term loan2 | ​ | April 2028 | ​ | US dollar | ​ | SOFR+ Credit Adj +1.8% | ​ | 982 | ​ | 18 499 | ​ | — | ​ | 18 499 | ​ | — | ​
US Dollar Bond3 |  | September 2028 |  | US dollar |  | 6,50% | ​ | 750 |  | 14 123 |  | — | ​ | 14 123 |  | 12 210 | ​
US Dollar Bond5 | ​ | May 2029 | ​ | US dollar | ​ | 8,75% | ​ | 1 000 | ​ | 18 830 | ​ | — | ​ | 18 830 | ​ | — | ​
US Dollar Bond3 | ​ | March 2031 | ​ | US dollar | ​ | 5,50% | ​ | 850 | ​ | 16 006 | ​ | — | ​ | 16 006 | ​ | 13 838 | ​
Other Sasol businesses |  |  |  |  |  | ​ | ​ |  |  |  |  |  | ​ |  |  |  | ​
Specific project asset finance |  |  |  |  |  | ​ | ​ |  |  |  |  |  | ​ |  |  |  | ​
Energy — Clean Fuels II (Natref) |  | Various |  | Rand |  | Various | ​ | 901 |  | 901 |  | — | ​ | 901 |  | 875 | ​
Debt arrangements |  |  |  |  |  | ​ | ​ |  |  |  |  |  | ​ |  |  |  | ​
Other debt arrangements |  | ​ |  | Various | ​ | Various | ​ | — |  | — |  | — | ​ | 472 |  | 712 | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 58 499 | ​ | 125 505 |  | 104 454 | ​
Available cash excluding restricted cash |  | ​ |  |  |  | ​ | ​ |  |  |  |  | 51 055 | ​ |  |  | ​ | ​
Total funds available for use |  | ​ |  |  |  | ​ | ​ |  |  |  |  | 109 554 | ​ |  |  | ​ | ​
Accrued interest |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 1 673 |  | 1 010 | ​
Unamortised loan cost |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | (703) |  | (375) | ​
Cumulative fair value gains on convertible bond embedded derivative financial liability | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (867) | ​ | — | ​
Total debt including accrued interest and unamortised loan cost |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 125 608 |  | 105 089 | ​
Comprising |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ |  |  |  | ​
Long-term debt |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 94 304 |  | 82 500 | ​
Short-term debt |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 29 843 |  | 22 416 | ​
Short-term debt |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 79 |  | 82 | ​
Short-term portion of long-term debt |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 29 764 |  | 22 334 | ​
Bank overdraft |  | ​ |  |  |  | ​ | ​ |  |  |  |  | ​ | ​ | 159 |  | 173 | ​
Convertible bond derivative financial liability | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 302 | ​ | — | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 125 608 | ​ | 105 089 | ​
​ *Interest rate only available when funds are utilised.
| 1 | In October 2022 Sasol issued its paper to the value of R 2 066 million in the local debt market under the R 15 billion DMTN programme. The previous DMTN has been fully repaid.
| 2 | In April 2023 Sasol Financing International Limited and Sasol Financing USA LLC obtained a RCF of US$1 987 million and a term loan of US$982 million respectively.
| 3 | Included in this amount is the US$3,8 billion (R 70,6 billion) bonds with fixed interest rates of between 4,38% and 6,5% which are listed on the New York Stock Exchange and is recognised in Sasol Financing USA LLC (SFUSA), a 100% owned subsidiary of the Group. Sasol Limited has fully and unconditionally guaranteed the bonds. There are no restrictions on the ability of Sasol Limited to obtain funds from the finance subsidiary, SFUSA, by dividend or loan.
| 4 | In November 2022, Sasol launched and priced an offering of US$750 million guaranteed senior unsecured convertible bonds due in 2027. The proceeds from the convertible bond were used primarily to repay a portion of the US$ term loan. The convertible bonds, subject to the receipt of the requisite approvals at a general meeting of the shareholders of Sasol, are convertible into ordinary shares of Sasol at the election of the holders if the Sasol share price appreciates above a specified conversion price (representing a conversion premium of 30%) ahead of the maturity of the bond. The convertible bonds can be settled in cash at the election of Sasol.
| 5 | In May 2023, Sasol launched and priced a US$1 billion (R 18,8 billion) bond, with a fixed interest rate of 8,75%, due in 2029. The bond is recognised in SFUSA. Sasol Limited has fully and unconditionally guaranteed the bond. There are no restrictions on the ability of Sasol Limited to obtain funds from the finance subsidiary by dividend or loan.

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_7&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liquidity available from borrowings, including contract amount of debt, and amount outstanding. + References No definition available. + Details
Name: | ssl_DescriptionOfLiquidityProvidedByBorrowingsCapacityTableTextBlock
Namespace Prefix: | ssl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration