JOHANNESBURG, South Africa, July 27, 2011 /PRNewswire/ -- Recent media reports emanating from an interview with a managing director of a Sasol subsidiary, Sasol Synfuels, may have created certain impressions which may have been misleading. We will not respond to the reports in their entirety, but wish to provide context to some of the statements made.
The reports state that Sasol expects to produce 7.3 million tons of product at Sasol Synfuels for the 2012 financial year. In fact, 7.3 million tons refers to the Sasol Synfuels baseline production capacity. Sasol Synfuels' growth programme will improve volumes from this baseline. Sasol Synfuels has a growth plan in place and we are focusing on implementing this programme, as opposed to developing a new growth plan. Our growth plans remain on track.
The strike that is currently underway has had a negligible impact on the growth programme. Production at the plant has already been ramped up and we continue to monitor the situation.
Sasol Investor Relations
Tel.: +27 (0)11 441 3321 / 3745 / 3008
Sponsor
Deutsche Securities (SA) (Pty) Limited
Forward-looking statement – Disclaimer:
Sasol may, in this announcement, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, resource volumes and values and cost reductions. Words 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 specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. Some of these factors are discussed more fully in our most recent annual report under the Securities Exchange Act of 1934 on Form 20-F filed on 28 September 2010 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. 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.
SOURCE Sasol
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