Sasol Appoints Rhidwaan Gasant to Strengthen Governance and Board Expertise

Sasol Strengthens Governance with New Board Appointment

Sasol Limited announces the appointment of Mr. Rhidwaan Gasant as an independent non-executive director, effective February 1, 2026. This strategic move aligns with the JSE Listings Requirements and signals the company's commitment to enhancing its governance framework. Mr. Gasant, a Chartered Accountant, brings over 30 years of extensive experience in finance, governance, and corporate management to the Sasol Board. His previous roles include senior audit manager at KPMG, Financial Director of Engen Limited, and CEO of Energy Africa Limited. His diverse background is expected to provide valuable insights as Sasol continues to navigate the complexities of the energy sector.

The Chairman of the Sasol Board, Ms. Muriel Dube, expresses enthusiasm regarding Mr. Gasant's appointment, highlighting his wealth of experience in finance and the energy industry. This addition is seen as a vital enhancement to the Board's strategic guidance and oversight capabilities, particularly as Sasol strives to fulfill its commitments to shareholders and stakeholders alike. With Mr. Gasant's established track record in leadership roles, including his position as Lead Independent Director of AngloGold Ashanti plc and Audit Committee Chairman of MTN Nigeria Communications plc, he is poised to contribute significantly to Sasol's governance and strategic direction.

Sasol's focus on strengthening its Board comes at a crucial time for the company as it works to achieve sustainable growth in a challenging macroeconomic environment. The appointment reflects a broader strategy to ensure robust leadership, especially as the energy sector faces increasing pressures and demands for innovation. Mr. Gasant's expertise is expected to complement Sasol's ongoing efforts to enhance operational stability and safety while navigating the complexities of the industry. This proactive approach underscores Sasol's commitment to maintaining a high standard of governance as it continues to evolve within the energy landscape.

In addition to the board appointment, Sasol reports its business performance metrics for the six months ending December 31, 2025. The company emphasizes operational stability and safety, with the second quarter of FY26 recorded as fatality-free. Notably, the performance of the Secunda Operations has improved due to better gasifier availability, resulting in increased production. However, challenges persist in the chemicals market, impacting overall revenue, though there have been operational enhancements in Chemicals Africa.

Sasol's strategic initiatives include self-help measures aimed at reducing costs and capital expenditures as it adapts to the current economic landscape. The company remains focused on fulfilling its commitments while enhancing its operational metrics, ensuring that it is well-positioned for future growth in the energy sector.