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 28 June 2006
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
X Form 40-F _____
Enclosures: SENS announcement dated 28 June 2006 - Sasol hedges
45 000 barrels per day of its South African synthetics fuels
production
production
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(ISIN: ZAE000006896)
(ISIN: ZAE000006896)
Share codes:
JSE – SOL
JSE – SOL
NYSE – SSL
("Sasol")
("Sasol")
Sasol hedges 45 000 barrels per day of its South African
synthetics fuels production
Sasol announces that it has, for its 2007 financial year
which commences 1 July 2006, entered into hedging
transactions (zero cost collars) for 45 000 barrels of oil
per day (equivalent to approximately 30% of its South
African synfuels production). In terms of this hedge Sasol
will be protected should monthly average dated Brent crude
oil prices decrease below US$63,00 per barrel on the hedged
portion of production, and conversely Sasol will incur
opportunity losses on the hedged portion of production
should monthly average oil prices exceed an average
US$83,60 per barrel.
This is in line with Sasol’s approach to consider oil price
hedging on an annual basis to improve the stability and
predictability of its cash flows. The zero cost collar
structure is similar to the oil price hedging concluded for
the 2006 financial year when a floor price of US$45 per
barrel was achieved and upside was limited to US$83 per
barrel, also on 45 000 barrels of oil per day. During the
2006 financial year oil prices did not fall below US$45 per
barrel or increase above US$83 per barrel and no cash
flows, therefore, emanated from the hedging.
Appropriate disclosure of this hedging will also be made in
our 2006 annual report and Form 20-F.
28 June 2006
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary)
Limited
Sasol announces that it has, for its 2007 financial year
which commences 1 July 2006, entered into hedging
transactions (zero cost collars) for 45 000 barrels of oil
per day (equivalent to approximately 30% of its South
African synfuels production). In terms of this hedge Sasol
will be protected should monthly average dated Brent crude
oil prices decrease below US$63,00 per barrel on the hedged
portion of production, and conversely Sasol will incur
opportunity losses on the hedged portion of production
should monthly average oil prices exceed an average
US$83,60 per barrel.
This is in line with Sasol’s approach to consider oil price
hedging on an annual basis to improve the stability and
predictability of its cash flows. The zero cost collar
structure is similar to the oil price hedging concluded for
the 2006 financial year when a floor price of US$45 per
barrel was achieved and upside was limited to US$83 per
barrel, also on 45 000 barrels of oil per day. During the
2006 financial year oil prices did not fall below US$45 per
barrel or increase above US$83 per barrel and no cash
flows, therefore, emanated from the hedging.
Appropriate disclosure of this hedging will also be made in
our 2006 annual report and Form 20-F.
28 June 2006
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary)
Limited
Forward looking statements
We may in this document make statements that are not historical
We may in this document make 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
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", "anticipate", "expect", "intend", "seek",
"will", "plan", "could", "may", "endeavour" and "project" and
such as "believe", "anticipate", "expect", "intend", "seek",
"will", "plan", "could", "may", "endeavour" and "project" 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
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
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,
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
annual report under the Securities Exchange Act of 1934 on Form
such forward-looking statements are discussed more fully in our
annual report under the Securities Exchange Act of 1934 on Form
20-F filed on October 26, 2005 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.
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.
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 authorised.
its behalf by the undersigned, thereunto duly authorised.
Date: 28 June 2006
By:
/s/
N L Joubert
Name: Nereus Louis Joubert
Title: Company Secretary
Name: Nereus Louis Joubert
Title: Company Secretary