Sasol Limited (SSL) 20-F 28 Oct 19 2019 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Jun. 30, 2019shares
Document Type	20-F
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	SASOL LTD
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000314590
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Sasol ordinary shares of no par value
Entity Common Stock, Shares Outstanding	624,696,971
Sasol BEE ordinary shares of no par value
Entity Common Stock, Shares Outstanding	6,331,347

Income Statement

Income Statement - ZAR (R) R in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Statement
Turnover		R 203,576	R 181,461	R 172,407
Materials, energy and consumables used		(90,589)	(76,606)	(71,436)
Selling and distribution costs		(7,836)	(7,060)	(6,405)
Maintenance expenditure		(10,227)	(9,163)	(8,654)
Employee-related expenditure		(29,928)	(27,468)	(24,417)
Exploration expenditure and feasibility costs		(663)	(352)	(491)
Depreciation and amortisation		(17,968)	(16,425)	(16,204)
Other expenses and income		(19,097)	(15,316)	(12,550)
Translation gains/(losses)		604	(11)	(1,201)
Other operating expenses and income		(19,701)	(15,305)	(11,349)
Equity accounted profits, net of tax		1,074	1,443	1,071
Operating profit before remeasurement items and Sasol Khanyisa share-based payment		28,342	30,514	33,321
Remeasurement items		(18,645)	(9,901)	(1,616)
Sasol Khanyisa share-based payment	[1]		(2,866)
Earnings before interest and tax (EBIT)		9,697	17,747	31,705
Finance income		787	1,716	1,568
Finance costs		(1,253)	(3,759)	(3,265)
Earnings before tax		9,231	15,704	30,008
Taxation		(3,157)	(5,558)	(8,495)
Earnings for the year		6,074	10,146	21,513
Attributable to
Owners of Sasol Limited		4,298	8,729	20,374
Non-controlling interests in subsidiaries		1,776	1,417	1,139
Earnings for the year		R 6,074	R 10,146	R 21,513
Per share information
Basic earnings per share (in rand per share)		R 6.97	R 14.26	R 33.36
Diluted earnings per share (in rand per share)		R 6.93	R 14.18	R 33.27
[1]	2018 relates to the implementation of Sasol Khanyisa in relation to SOLBE1, Inzalo Public, Inzalo Groups and Khanyisa Public participants.

Statement of comprehensive inco

Statement of comprehensive income - ZAR (R) R in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Statement of comprehensive income
Earnings for the year		R 6,074	R 10,146	R 21,513
Other comprehensive income, net of tax
Items that can be subsequently reclassified to the income statement		1,353	6,068	(8,931)
Effect of translation of foreign operations		1,533	5,237	(10,074)
Effect of cash flow hedges	[1]	(287)	1,233	1,821
Fair value of investments available-for-sale			13	11
Tax on items that can be subsequently reclassified to the income statement	[2]	107	(415)	(689)
Items that cannot be subsequently reclassified to the income statement		(265)	(54)	743
Remeasurements on post-retirement benefit obligations	[3]	(531)	(80)	1,114
Fair value of investments through other comprehensive income		136
Tax on items that cannot be subsequently reclassified to the income statement		130	26	(371)
Total comprehensive income for the year		7,162	16,160	13,325
Attributable to
Owners of Sasol Limited		5,377	14,727	12,234
Non-controlling interests in subsidiaries		1,785	1,433	1,091
Total comprehensive income for the year		R 7,162	R 16,160	R 13,325
[1]	These amounts include the loss of R1 400 million (2018 - R286 million; 2017 - R302 million) on the revaluation of the cash flow hedge pertaining to the interest rate swap and a gain of R1 115 million relating to the reclassification of the swap to profit and loss on termination of the hedge relationship.
[2]	The amount is mainly on the cash flow hedge.
[3]	Includes the effect of a loss /(gain) of R58 million (2018 - R1 051 million; 2017 - (R105 million)) relating to the movement in the asset limitation, as well as a loss/(gain) of R83 million (2018 - R1 million; 2017 - R50 million) on reimbursive rights related to post-retirement benefits, recognised in long-term receivables.

Statement of comprehensive in_2

Statement of comprehensive income (Parenthetical) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Statement of comprehensive income
Loss on revaluation of cash flow hedge pertaining to interest rate swap	R 1,400	R 286	R 302
Gain on reclassification from cash flow hedge reserve to profit and loss	1,115
Loss/(gain) on changes in effect of limiting net defined benefit asset to asset ceiling, net defined benefit liability (asset)	58	1,051	(105)
Loss/(gain) on reimbursive rights related to post-retirement benefits, recognised in long-term receivables	R 83	R 1	R 50

Statement of financial position

Statement of financial position - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Assets
Property, plant and equipment	R 233,549	R 167,457
Assets under construction	127,764	165,361
Goodwill and other intangible assets	3,357	2,687
Equity accounted investments	9,866	10,991
Other long-term investments	1,248	951
Post-retirement benefit assets	1,274	1,498
Long-term receivables and prepaid expenses	6,317	4,646
Long-term financial assets	15	291
Deferred tax assets	8,563	4,096
Non-current assets	391,953	357,978
Assets in disposal groups held for sale	2,554	113
Short-term investments		85
Inventories	29,646	29,364
Tax receivable	730	3,302
Trade and other receivables	28,578	29,729
Short-term financial assets	630	1,536
Cash and cash equivalents	15,877	17,128
Current assets	78,015	81,257
Total assets	469,968	439,235
Equity and liabilities
Shareholders' equity	219,910	222,985
Non-controlling interests	5,885	5,623
Total equity	225,795	228,608
Long-term debt	127,350	89,411
Finance leases	7,445	7,280
Long-term provisions	17,622	15,160
Post-retirement benefit obligations	12,708	11,900
Long-term deferred income	924	879
Long-term financial liabilities	1,440	133
Deferred tax liabilities	27,586	25,908
Non-current liabilities	195,075	150,671
Liabilities in disposal groups held for sale	488	36
Short-term debt	3,783	14,709
Short-term provisions	3,289	3,508
Tax payable	1,039	2,318
Trade and other payables	39,466	37,150
Short-term deferred income	210	220
Short-term financial liabilities	765	1,926
Bank overdraft	58	89
Current liabilities	49,098	59,956
Total equity and liabilities	R 469,968	R 439,235

Statement of changes in equity

Statement of changes in equity - ZAR (R) R in Millions		Shareholders' equity	Share capital	Share repurchase programme	Share-based payment reserve	Investment fair value reserve	Foreign currency translation reserve	Cash flow hedge accounting reserve	Remeasurements on post-retirement benefit obligations	Retained earnings	Non-controlling interests in subsidiaries	Total
Balance at beginning of year at Jun. 30, 2016		R 206,997	R 29,282	R (2,641)	R (13,582)	R 26	R 33,316	R (1,788)	R (2,533)	R 164,917	R 5,421	R 212,418
Share-based payment expense		463			463							463
Long-term incentive scheme converted to equity-settled	[1]	645			645							645
Long-term incentives vested and settled					(51)					51
Total comprehensive income for the year		12,234				7	(10,031)	1,141	743	20,374	1,091	13,325
Profit		20,374								20,374	1,139	21,513
other comprehensive income for the year		(8,140)				7	(10,031)	1,141	743		(48)	(8,188)
Dividends paid		(8,628)								(8,628)	(989)	(9,617)
Balance at end of year at Jun. 30, 2017		211,711	29,282	(2,641)	(12,525)	33	23,285	(647)	(1,790)	176,714	5,523	217,234
Transactions with non-controlling shareholders											(51)	(51)
Movement in share-based payment reserve		989			989							989
Share-based payment expense		823			823							823
Deferred tax		166			166							166
Unwind of Sasol Inzalo transaction		557	(12,698)		6,999					6,256	(557)
Repurchase of shares		557	(12,698)		12,698					557	(557)
Shares-based payment reserve to retained earnings					(5,699)					5,699
Long-term incentives vested and settled					(605)					605
Implementation of Sasol Khanyisa transaction		2,953	1,832		1,121							2,953
Share-based payment expense		2,953			2,953							2,953
Shares issued to Sasol Khanyisa Employee Trust			1,832		(1,832)
Repurchase of shares			(2,641)	R 2,641
Total comprehensive income for the year		14,727				10	5,215	827	(54)	8,729	1,433	16,160
Profit		8,729								8,729	1,417	10,146
other comprehensive income for the year		5,998				10	5,215	827	(54)		16	6,014
Dividends paid		(7,952)								(7,952)	(725)	(8,677)
Balance at end of year at Jun. 30, 2018		222,985	15,775		(4,021)	43	28,500	180	(1,844)	184,352	5,623	228,608
Disposal of business		(52)					(52)					(52)
Movement in share-based payment reserve		1,552			1,552							1,552
Share-based payment expense		707			707							707
Sasol Khanyisa transaction		952			952							952
Deferred tax		(107)			(107)							(107)
Unwind of Sasol Inzalo transaction		(1,372)	(5,887)		3,452					1,063		(1,372)
Repurchase of shares			(5,887)		5,887
Final distribution to Sasol Inzalo Public		(1,372)								(1,372)		(1,372)
Shares-based payment reserve to retained earnings					(2,435)					2,435
Long-term incentives vested and settled					(573)					573
Total comprehensive income for the year		5,377				89	1,530	(180)	(360)	4,298	1,785	7,162
Profit		4,298								4,298	1,776	6,074
other comprehensive income for the year		1,079				89	1,530	R (180)	(360)		9	1,088
Dividends paid		(8,580)								(8,580)	(1,523)	(10,103)
Balance at end of year at Jun. 30, 2019		R 219,910	R 9,888		R 410	R 132	R 29,978		R (2,204)	R 181,706	R 5,885	R 225,795
[1]	Refer to note 35 for further detail on the conversion of the long-term incentive scheme.

Statement of cash flows

Statement of cash flows - ZAR (R) R in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Statement of cash flows
Cash receipts from customers		R 203,613	R 178,672	R 172,061
Cash paid to suppliers and employees		(152,215)	(135,795)	(127,992)
Cash generated by operating activities		51,398	42,877	44,069
Dividends received from equity accounted investments		1,506	1,702	1,539
Finance income received		682	1,565	1,464
Finance costs paid	[1]	(6,222)	(4,797)	(3,612)
Tax paid		(3,946)	(7,041)	(6,352)
Cash available from operating activities		43,418	34,306	37,108
Dividends paid		(9,952)	(7,952)	(8,628)
Dividends paid to non-controlling shareholders in subsidiaries		(1,523)	(725)	(989)
Cash retained from operating activities		31,943	25,629	27,491
Additions to non-current assets		(56,734)	(55,891)	(56,812)
Additions to property, plant and equipment		(1,229)	(714)	(390)
Additions to assets under construction		(54,552)	(52,635)	(59,892)
Additions to other intangible assets		(19)	(35)	(61)
(Decrease)/increase in capital project related payables		(934)	(2,507)	3,531
Net cash movements in equity accounted investments		66	(164)	(444)
Proceeds on disposals and scrappings		567	2,316	788
Net cash disposed of on disposal of businesses			(36)
Purchase of investments		(222)	(124)	(96)
Proceeds from sale of investments		142	114	28
Increase in long-term receivables		(231)	(194)	(141)
Cash used in investing activities		(56,412)	(53,979)	(56,677)
Proceeds from long-term debt		93,884	24,961	9,277
Repayment of long-term debt		(70,000)	(9,199)	(2,364)
Proceeds from short-term debt		977	1,957	4,033
Repayment of short-term debt		(1,730)	(2,607)	(1,410)
Cash generated by financing activities		23,131	15,112	9,536
Translation effects on cash and cash equivalents		162	954	(3,207)
Decrease in cash and cash equivalents		(1,176)	(12,284)	(22,857)
Cash and cash equivalents at the beginning of the year		17,039	29,323	52,180
Reclassification to disposal groups held for sale		(44)
Cash and cash equivalents at the end of the year		R 15,819	R 17,039	R 29,323
[1]	Included in finance costs paid is amounts capitalised to assets under construction. Refer note 18.

Segment information

Segment information	12 Months Ended
	Jun. 30, 2019
Segment information
Segment information	Segment information Mining Exploration Energy Base Chemicals*** Performance 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Statement of financial position Non-current assets 26 485 25 197 13 542 14 217 67 325 64 526 141 160 124 826 126 949 116 945 Current assets 1 809 2 547 2 475 2 339 19 727 20 657 19 478 15 714 25 007 26 335 Non-current liabilities 1 701 1 629 6 782 5 684 11 561 11 616 10 612 38 749 11 763 36 538 Current liabilities 2 601 2 801 1 685 2 371 13 160 11 462 10 234 9 883 12 462 12 584 Mining Exploration and Production Energy 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Income statement External turnover 3 222 3 446 2 946 1 815 1 610 1 750 82 977 69 110 64 254 Total turnover 20 876 19 797 18 962 5 184 4 198 4 084 83 803 69 773 64 772 Intersegmental turnover (17 654 ) (16 351 ) (16 016 ) (3 369 ) (2 588 ) (2 334 ) ) ) ) Earnings before interest and tax 4 701 5 244 3 725 ) (3 683 ) 16 566 14 081 11 218 Earnings attributable to owners of Sasol Limited 3 021 3 336 2 266 (1 800 ) (4 168 ) 11 970 8 558 6 395 Effect of remeasurement items* 1 976 4 241 ) 1 844 Depreciation and amortisation 1 805 1 677 1 905 1 582 1 465 2 053 5 331 4 817 4 496 Statement of cash flows Cash flow from operations 7 025 6 877 5 401 2 528 2 665 1 726 23 247 17 158 17 996 Additions to non-current assets** 2 912 3 729 2 839 1 086 2 525 2 600 7 484 6 650 6 781 Other disclosures Capital commitments* 2 372 2 640 3 099 19 795 18 811 19 431 10 390 10 320 10 327 * Excludes equity accounted investments. ** Includes capital accruals. *** The comparative financial results have been restated for the transfer of the Phenolics, Ammonia and Specialty Gases businesses from Performance Chemicals to Base Chemicals. The restatements were performed to align with the current strategy and to best reflect the basis in which the Chief Operating Decision Maker reviews and makes decisions. Group Functions Total Deferred tax assets Net tax Post-retirement Total per statement 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm 6 655 6 673 382 116 352 384 8 563 4 096 — — 1 274 1 498 391 953 357 978 8 789 10 363 77 285 77 955 — — 3 302 — — 78 015 81 257 125 070 30 547 167 489 124 763 27 586 25 908 — — — — 195 075 150 671 7 917 18 537 48 059 57 638 — — 1 039 2 318 — — 49 098 59 956 Base Chemicals*** Performance Chemicals*** Group Functions Total 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm 48 113 43 269 41 582 67 389 63 986 61 359 203 576 181 461 172 407 48 813 43 951 42 288 68 296 64 887 62 185 227 050 202 658 192 807 ) ) ) ) ) ) ) ) — (23 474 ) (21 197 ) (20 400 ) (1 431 ) 6 888 (7 040 ) 7 853 8 737 (2 210 ) (6 666 ) 9 697 17 747 31 705 1 622 2 075 5 899 (3 516 ) 7 434 7 124 (6 999 ) (8 506 ) (1 357 ) 4 298 8 729 20 374 3 190 4 512 ) 13 182 18 645 9 901 1 616 4 788 4 422 4 050 3 739 3 299 2 965 17 968 16 425 16 204 6 343 9 017 11 476 9 743 12 303 12 272 (1 382 ) (2 635 ) 48 988 46 638 46 236 23 065 20 299 24 182 20 403 19 384 23 055 55 800 53 384 60 343 16 504 21 125 30 375 10 434 16 432 26 743 60 095 69 927 90 736 Geographic segment information Mining Exploration and Production Energy 2019 2018 2017 2019 2018 2017 2019 2018 2017 External turnover* Rm Rm Rm Rm Rm Rm Rm Rm Rm  South Africa — — — — — — 77 345 65 827 60 814  Rest of Africa — — — 4 665 3 282 3 438  Europe 2 819 2 691 2 040  North America — — — — — —  South America — — — — — — — — —  Asia, Australasia and Middle East — — — — — — Total operations 3 222 3 446 2 946 1 815 1 610 1 750 82 977 69 110 64 254 * The analysis of turnover is based on the location of the customer. ** The comparative financial results have been restated for the transfer of the Phenolics, Ammonia and Specialty Gases businesses from Performance Chemicals to Base Chemicals. The restatements were performed to align with the current strategy and to best reflect the basis in which the Chief Operating Decision Maker reviews and makes decision. Mining Exploration and Production Energy Earnings before interest 2019 2018 2017 2019 2018 2017 2019 2018 2017 and tax* Rm Rm Rm Rm Rm Rm Rm Rm Rm  South Africa 3 273 3 796 2 775 1 458 1 008 1 307 15 243 13 064 12 248  Rest of Africa — — — (1 282 ) )  Europe 1 249 1 131 ) — )  North America — — — (2 739 ) (3 595 ) ) — (1 010 ) (1 756 )  South America — — — — — — — — —  Asia, Australasia and Middle East ) ) 1 050 1 101 Total operations 4 701 5 244 3 725 ) (3 683 ) 16 566 14 081 11 218 * Includes equity accounted profits/(losses) remeasurement items and once-off share-based payment expenses. ** The comparative financial results have been restated for the transfer of the Phenolics, Ammonia and Specialty Gases businesses from Performance Chemicals to Base Chemicals. The restatements were performed to align with the current strategy and to best reflect the basis in which the Chief Operating Decision Maker reviews and makes decision. Non-current assets 2019 2018 2017 for the year ended 30 June Rm Rm Rm  South Africa 147 688 143 493 139 398  Rest of Africa 19 323 18 443 17 856  Europe 15 944 15 389 13 925  North America 189 560 165 742 125 983  South America  Asia, Australasia and Middle East 9 600 9 316 10 118 Total operations 382 116 352 384 307 281 Deferred tax asset 8 563 4 096 3 082 Post-retirement benefit assets 1 274 1 498 Total non-current assets 391 953 357 978 310 985 Base Chemicals** Performance Chemicals** Group Functions Total 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm 22 561 21 336 19 891 1 049 1 297 1 292 — — — 100 955 88 460 81 997 2 573 2 142 2 751 — 8 814 6 555 7 364 7 324 7 037 5 922 33 168 33 008 29 261 — — — 45 202 43 722 38 060 8 039 5 894 3 228 19 459 16 926 19 375 — — — 27 737 23 104 23 163 1 501 1 415 1 669 — — — 2 085 1 928 2 065 7 032 6 347 9 394 11 312 10 550 8 976 18 783 17 692 19 758 48 113 43 269 41 582 67 389 63 986 61 359 203 576 181 461 172 407 Base Chemicals** Performance Chemicals** Group Functions Total 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm ) (3 213 ) 2 899 1 547 1 340 (1 004 ) (7 617 ) ) 18 576 8 585 20 444 ) 2 754 3 530 2 984 5 017 6 012 3 910 (1 724 ) 1 221 (11 844 ) 1 809 3 049 (1 436 ) (17 743 ) (2 316 ) 1 871 — — — 2 332 1 714 1 301 1 118 3 022 4 552 4 266 (1 431 ) 6 888 (7 040 ) 7 853 8 737 (2 210 ) (6 666 ) 9 697 17 747 31 705 Reporting segments The group has six main reportable segments that reflects the structure used by the Joint Presidents and Chief Executive Officers to make key operating decisions and assess performance. The group’s reportable segments are operating segments that are differentiated by the activities that each undertakes and the products they manufacture and market (referred to as business segments). The group evaluates the performance of its reportable segments based on earnings before interest and tax (EBIT). The operating model structure reflects how the results are reported to the Chief Operating Decision Maker (CODM). The CODM for Sasol are the Joint Presidents and Chief Executive Officers. Operating business units Mining Mining is responsible for securing coal feedstock for the Southern African value chain, mainly for gasification, but also to generate electricity and steam. Coal is sold for gasification and utility purposes to Secunda Synfuels, for utility purposes to Sasolburg Operations; and to third parties in the export market. Mining sells coal under both long- and short-term contracts at a price determinable from the agreements. Turnover is recognised upon delivery of the coal to the customer, which, in accordance with the related contract terms is the point at which the control passes to the customer. Prices are fixed or determinable and collectability is probable. The date of delivery related to Mining is determined in accordance with the contractual agreements entered into with customers. These are summarised as follows: Delivery terms Control passes to the customer Free on Board At the point in time when the coal is loaded onto the vessel at Richards Bay Coal Terminal; the customer is responsible for shipping and handling costs. The related costs of sales are recognised in the same period as the supply of the coal and include any shipping and handling costs incurred. All inter-segment sales are conducted at market related prices. Exploration and Production International Exploration and Production International (E&PI) develops and manages the group’s upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada and Gabon. E&PI sells Mozambican gas under long-term contracts to both Sasol and external customers, condensate on short-term contracts and Canadian gas into the market at spot prices. Oil is sold to customers under annual contracts. Turnover is recognised upon delivery to the customer, which, in accordance with the related contract terms is the point at which control passes to the customer. Prices are determinable from the agreements and on the open market. Delivery terms Control passes to the customer On-delivery At the point in time when the:  Gas reaches the inlet coupling of the customer’s pipeline.  Condensate is loaded onto the customer’s truck. These are the points when the customer controls the gas or condensate, or directs the use of it. The customer is responsible for transportation and handling costs. Strategic business units Performance Chemicals Performance Chemicals markets commodity and differentiated performance chemicals. The key product lines are organics, waxes and advanced materials. These are produced in various Sasol production facilities around the world. Base Chemicals Base Chemicals markets commodity chemicals based on the group’s upstream Fischer-Tropsch, ethylene, propylene and ammonia value chains. The key product lines are polymers, solvents and ammonia-based explosives and fertilisers. These are produced in various Sasol production facilities around the world. The Base and Performance Chemicals businesses sell the majority of their products under contracts at prices determinable from such agreements. Turnover is recognised upon delivery which, in accordance with the related contract terms, is the point at which control transfer to the customer. Prices are determinable and collectability is probable. The point of delivery is determined in accordance with the contractual agreements entered into with customers which are as follows: Delivery terms Control passes to the customer: Ex-tank sales At the point in time when products are loaded into the customer’s vehicle or unloaded from the seller’s storage tanks. Ex-works At the point in time when products are loaded into the customer’s vehicle or unloaded at the seller’s premises. Carriage Paid To (CPT); Cost Insurance Freight (CIF); Carriage and Insurance Paid (CIP); and Cost Freight Railage (CFR) Products — CPT: At the point in time when the product is delivered to a specified location or main carrier. Products — CIF, CIP and CFR: At the point in time when the products are loaded into the transport vehicle. Carriage, freight and insurance: Over the period of transporting the products to the customer’s nominated place — where the seller is responsible for carriage, freight and insurance costs, which are included in the contract. Free on Board At the point in time when products are loaded into the transport vehicle; the customer is responsible for shipping and handling costs. Delivered at Place At the point in time when products are delivered to and signed for by the customer. Consignment Sales As and when products are consumed by the customer. Energy Energy is responsible for the sales and marketing of liquid fuels, pipeline gas and electricity. In South Africa, Energy sells approximately nine billion liters of liquid fuels annually, blended from fuel components produced by the Secunda Synfuels operations, crude oil refined at Natref, as well as some products purchased from other refiners. Energy markets approximately 55 billion standard cubic feet (bscf) of natural and methane-rich gas a year. Energy sells liquid fuel products under both short- and long-term agreements for both retail sales and commercial sales, including sales to other oil companies. The prices for retail sales are regulated and fixed by South African law. For commercial sales and sales to other oil companies, the prices are fixed and determinable according to the specific contract, with periodic price adjustments. Turnover for the supply of fuel is based on measurement through a flow-meter into customers’ tanks. Turnover is derived from the sale of goods produced by the operating facilities and is recognised when, in accordance with the related contract terms, control passes to the customer. Prices are fixed or determinable and collectability is probable. Shipping and handling costs are included in turnover when billed to customers in conjunction with the sale of the products. Turnover is also derived from the rendering of engineering services to external partners in joint ventures upon the proof of completion of the service. Gas is sold under long-term contracts at a price determinable from the supply agreements in accordance with the pricing methodology used by the National Energy Regulator of South Africa (NERSA). Gas analysis and tests of the specifications and content are performed prior to delivery. Turnover is recognised under the following arrangements: Service/good Delivery terms Control passes to the customer: Sale of fuel On-delivery At the point in time when the fuel is delivered onto the rail tank car, road tank truck or into the customer pipeline. Free Carrier At the point in time when the goods are unloaded to the port of shipment; Sasol is not responsible for the freight and insurance. Carriage Paid To Products: At the point in time when the product is delivered to a specified location or main carrier. Sale of gas On-delivery At the point in time when the gas has reached the inlet coupling of the customer’s pipeline. Sale of electricity On-delivery At the point in time when the electricity passes through the supply points to the customer’s transmission line. The Energy business also develops, implements and manages the group’s international business ventures based on Sasol’s proprietary gas-to-liquids (GTL) technology. Sasol holds 49% in ORYX GTL in Qatar, and an indirect 10% share in Escravos GTL in Nigeria. Group Functions Group Functions includes head office and centralised treasury operations.

Statement of compliance

Statement of compliance	12 Months Ended
	Jun. 30, 2019
Statement of compliance
Statement of compliance	1 Statement of compliance The consolidated financial statements are prepared in compliance with International Financial Reporting Standards (IFRS) and Interpretations of those standards, as issued by the International Accounting Standards Board, the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee, Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council, the JSE Listings Requirements and the South African Companies Act, 2008. The consolidated financial statements were approved for issue by the Board of Directors on 28 October 2019 and will be presented to shareholders at the Annual General Meeting on 27 November 2019. Basis of preparation of financial results The consolidated financial statements are prepared using the historic cost convention except that, certain items, including derivative instruments, liabilities for cash-settled share-based payment schemes, financial assets at fair value through profit or loss and financial assets designated at fair value through other comprehensive income, are stated at fair value. The consolidated financial results are presented in rand, which is Sasol Limited’s functional and presentation currency, rounded to the nearest million. The consolidated financial statements are prepared on the going concern basis. The comparative figures are reclassified or restated as necessary to afford a proper and more meaningful comparison of results as set out in the affected notes to the financial statements. Certain additional disclosure has been provided in respect of the current year, as described on page 163 “Pro-forma financial information”. To the extent practicable, comparative information has also been provided. Accounting policies The accounting policies applied in the preparation of these consolidated financial statements are in terms of IFRS and are consistent with those applied in the consolidated annual financial statements for the year ended 30 June 2018, except for the adoption of IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’ and an amendment to IAS 23 ‘Borrowing Costs’ with effect from 1 July 2018. Both IFRS 9 and IFRS 15 were adopted using the modified transition approach, where the comparative financial information is not restated as permitted by the standard. The amendment to IAS 23 is applied prospectively. These accounting policies are consistently applied throughout the group. Accounting standards, interpretations and amendments to published accounting standards IFRS 9 ‘Financial Instruments’ IFRS 9 provides a single classification and measurement approach for financial assets that reflects the business model in which they are managed and their cash flow characteristics. The group’s financial assets are classified as measured at amortised cost, fair value through profit or loss, or fair value through other comprehensive income. The group elected to recognise the fair value gains and losses on its current equity investments through other comprehensive income as they are held for long-term strategic purpose. Due to the limited unlisted investments held, this change in measurement basis from amortised cost to fair value had an insignificant effect on Sasol’s accounting, and therefore no transition adjustment is presented. For financial liabilities the existing classification and measurement requirements of IAS 39 will remain the same. Impairments of financial assets classified as measured at amortised cost are recognised on an expected loss basis which incorporates forward-looking information when assessing credit risk, with the expected losses recognised in profit or loss. The effect of the change was inconsequential due to the stringent debtor management policies currently applied by Sasol, and therefore no transition adjustment is presented. Refer to note 40 for the expected credit loss calculation. The adoption of IFRS 9 did not have a significant impact on the group’s accounting policies relating to financial assets and financial liabilities. The IFRS 9 hedge accounting requirements are not effective for the group until the International Accounting Standards Board’s macro hedging project is finalised. IFRS 15 ‘Revenue from contracts with customers’ Under IFRS 15, revenue from contracts with customers is recognised when a performance obligation is satisfied by transferring promised goods or services to customers. Goods or services are transferred when the customer obtains control of the goods or services. The transfer of control of Sasol’s energy and chemical products usually coincides with title passing to the customer and the customer taking physical possession, with the group’s performance obligations primarily satisfied at a point in time. Amounts of revenue recognised relating to performance obligations over time are not significant. The accounting for revenue under IFRS 15 therefore represents an inconsequential change from the group’s previous practice for recognising revenue from sales with customers, and therefore no transition adjustment is presented. An analysis of revenue from contracts with customers by product is presented on note 2. Amounts presented for comparative periods include revenues determined in accordance with the group’s previous accounting policies, but the differences are inconsequential. IAS 23 ‘Borrowing Costs’ The amendment to IAS 23 clarifies that if any specific borrowing remains outstanding after the related asset is ready for its intended use or sale, that borrowing becomes part of the funds that an entity borrows generally when calculating the capitalisation rate on general borrowings. Previously, if any specific borrowing remained outstanding after the related asset was ready for its intended use or sale, Sasol recognised the finance costs related to this borrowing in profit and loss. The adoption of the amendment has been applied prospectively from 1 July 2018 and had a material impact on the group’s earnings for the period as Sasol has a large number of projects to which borrowing costs are capitalised. The impact of applying the amendment for the period ended 30 June 2019 is: Results Adjustment Results Rm Rm Rm Non-current assets Property, plant, equipment and assets under construction 358 135 1 998 360 133 Income statement Finance costs (3 251 ) 1 998 (1 253 ) Accounting standards, interpretations and amendments not yet effective IFRS 16 ‘Leases’ (Effective for the group from 1 July 2019) IFRS 16 introduces a single lease accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognise a right of use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments. The finance charge to unwind the lease liability and depreciation of the leased asset are recognised in the income statement based on the implied interest rate and contract terms respectively. This standard does not apply to leases to explore for or use minerals, oils, natural gas and similar non-regenerative resources, including the intangible right to explore for those natural resources and rights to use the land in which those natural resources are contained. Previously, the group planned to adopt the standard from 1 July 2019 on a full retrospective basis and was in the process of completing this adoption method. However, with the new standard indirectly impacting the accounting of a number of other business areas, including the valuation of inventory and the value-in-use of cash generating units, the group decided from a cost/benefit perspective that it would be preferable to apply the modified retrospective approach as applied by almost all of our peers. This approach allow the cumulative effect of initially applying the standard to be recognised at the date of initial application, with no restatement of comparative financial information required. The identification and classification of leases and the analysis of the effect on the group’s consolidated financial statements have largely been completed. A new software program has been introduced to manage and measure leases going forward and the results from the solution, used to determine the impact disclosed below, is currently being assessed. Accounting policies and processes have been updated and the impact on key performance indicators and financial metrics have been quantified. The adoption of the standard will have a material effect on the group’s financial statements, significantly increasing the group’s recognised assets and liabilities. Upon adoption, the most significant impact will be the present value of the operating lease commitments as per note 37, which are not currently recognised on the statement of financial position and provides an indication of the magnitude of assets and liabilities that will be recognised on the statement of financial position on adoption. We expect an increase in the depreciation expense and also in cash flows from operating activities as the lease payments will be reflected as financing outflows in our cash flow statement. The discount rates applied on operating leases in determining the lease liabilities recognised are based on the incremental borrowing rates as appropriate for each lease considering factors such as the lessee country of operation, lease term, nature of asset and commencement date. Currently across the group, the incremental borrowing rates applicable to the significant portion of the undiscounted lease cash flows range from 8,2% – 11,5% (South Africa), 0,9% –3,6% (Eurasia) and 3,7% –5,6% (United States). Based on the group’s current assessment, the impact on 2020 is expected to be as follows: · Between R8,4 billion and R9,0 billion of additional lease liabilities would be recognised in the statement of financial position and a corresponding right-of-use asset of between R8,4 billion and R9,0 billion at 1 July 2019. · Net income before interest and tax would increase between zero and R0,4 billion and interest expense increased by between R0,3 billion and R0,6 billion, the net results having an immaterial impact on earnings. Depreciation would increase by between R1,4 billion and R1,7 billion. · The additional lease liabilities are expected to add approximately 5% on gearing.

Turnover

Turnover	12 Months Ended
	Jun. 30, 2019
Turnover
Turnover	2 Turnover 2019 2018* 2017* for the year ended 30 June Rm Rm Rm Revenue by major product line Base Chemicals 48 113 43 262 41 573 Polymers 25 864 22 332 22 206 Solvents 13 178 12 948 11 619 Fertilisers and explosives 4 718 4 145 4 021 Other base chemicals** 4 353 3 837 3 727 Performance Chemicals 67 228 63 916 61 322 Organics 51 405 49 005 47 122 Waxes 8 474 8 456 8 197 Advanced materials 7 349 6 455 6 003 Upstream, Energy and Other Coal 3 222 3 446 2 946 Liquid fuels and crude oil*** 75 819 62 555 57 640 Gas (methane rich and natural gas) and condensate*** 5 986 5 411 5 625 Other (Technology, refinery services)**** 2 308 1 933 2 418 Revenue from contracts with customers 202 676 180 523 171 524 Revenue from other contracts (franchise rentals, use of fuel tanks and fuel storage) 203 576 181 461 172 407 * Sale of goods (2018 – R178 463 million; 2017 – R169 115 million), services rendered (2018 – R1 612 million; 2017 – R1 549 million) and other trading income (2018 – R1 386 million; 2017 – R1 743 million). ** Phenolics, Ammonia and Speciality Gases. *** Relate to the Exploration and Production International and Energy segments. **** Other includes revenue in relation to different insignificant performance obligations mainly for the Energy and Performance Chemicals segments. Accounting policies: IFRS 15 applicable in 2019: Revenue from contracts with customers is recognised when the control of goods or services has transferred to the customer through the satisfaction of a performance obligation. Group performance obligations are satisfied at a point in time and over time, however the group mainly satisfies its performance obligations at a point in time. Revenue recognised reflects the consideration that the group expects to be entitled to for each distinct performance obligation after deducting indirect taxes, rebates and trade discounts and consists primarily of the sale of oil, natural gas and chemical products, services rendered, license fees and royalties. The group allocates revenue based on stand-alone selling price. The group enters into exchange agreements with the same counterparties for the purchase and sale of inventory that are entered into in contemplation of one another. When the items exchanged are similar in nature, these transactions are combined and accounted for as a single exchange transaction. The exchange is recognised at the carrying amount of the inventory transferred. Revenue from arrangements that are not considered contracts with customers, mainly pertaining to franchise rentals, use of fuel tanks and fuel storage, is presented as revenue from other contracts. The period between the transfer of the goods and services to the customer and the payment by the customer does not exceed 12 months and the group does not adjust for time value of money. For further information on revenue recognition, refer to Segment information on pages 12 to 13. IAS 18 applicable to prior periods: Revenue is recognised at the fair value of the consideration received or receivable net of indirect taxes, rebates and trade discounts and consists primarily of the sale of products, services rendered, licence fees and royalties. Revenue is recognised when the following criteria are met: · evidence of an arrangement exists; · delivery has occurred or services have been rendered and the significant risks and rewards of ownership have been transferred to the purchaser; · transaction costs can be reliably measured; · the selling price is fixed or determinable; and · collectability is reasonably assured. The timing of revenue recognition is as follows. Revenue from: · the sale of products is recognised when the group has substantially transferred all the risks and rewards of ownership and no longer retains continuing managerial involvement associated with ownership or effective control; · services rendered is based on the stage of completion of the transaction, based on the proportion that costs incurred to date bear to the total cost of the project; and · licence fees and royalties are recognised on an accrual basis. The group enters into exchange agreements with the same counterparties for the purchase and sale of inventory that are entered into in contemplation of one another. When the items exchanged are similar in nature, these transactions are combined and accounted for as a single exchange transaction. The exchange is recognised at the carrying amount of the inventory transferred.

Materials, energy and consumabl

Materials, energy and consumables used	12 Months Ended
	Jun. 30, 2019
Materials, energy and consumables used
Materials, energy and consumables used	3 Materials, energy and consumables used 2019 2018 2017 for the year ended 30 June Rm Rm Rm Cost of raw materials 79 774 66 928 63 291 Cost of energy and other consumables used in production process 10 815 9 678 8 145 90 589 76 606 71 436 Costs relating to items that are consumed in the manufacturing process, including changes in inventories and distribution costs up until the point of sale.

Employee-related expenditure

Employee-related expenditure	12 Months Ended
	Jun. 30, 2019
Employee-related expenditure
Employee-related expenditure	4 Employee-related expenditure 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Analysis of employee costs Labour 30 706 28 448 26 646 salaries, wages and other employee-related expenditure 28 665 26 388 24 814 post-retirement benefits 2 041 2 060 1 832 Share-based payment expenses 1 219 1 565 equity-settled 1 659 cash-settled ) ) Total employee-related expenditure 31 925 30 013 26 872 Costs capitalised to projects (1 997 ) (2 545 ) (2 455 ) Per income statement 29 928 27 468 24 417 The total number of permanent and non-permanent employees, in approved positions, including the group’s share of employees within joint operation entities and excluding contractors, joint ventures’ and associates’ employees, is analysed below: 2019 2018 2017 for the year ended 30 June Number Number Number Permanent employees 31 112 31 020 30 600 Non-permanent employees 31 429 31 270 30 900 The number of employees by area of employment is analysed as follows: 2019 2018 2017 for the year ended 30 June Number Number Number Business segmentation  Mining 7 402 7 471 7 483  Exploration and Production International  Energy 5 118 5 069 5 008  Base Chemicals 8 090 7 724 7 438  Performance Chemicals 5 667 5 600 5 435  Group Functions 4 733 4 976 5 120 Total operations* 31 429 31 270 30 900 * Increase mainly due to LCCP. Accounting policies: Remuneration of employees is charged to the income statement, except where it is capitalised to projects in line with the accounting policy for assets under construction. Short-term employee benefits Short-term employee benefits includes salaries, wages and costs of temporary employees, paid vacation leave, sick leave and incentive bonuses. Long-term employee benefits Long-term employee benefits are those benefits that are expected to be wholly settled more than 12 months after the end of the annual reporting period, in which the services have been rendered and are discounted to their present value. Post-retirement benefits Further information on these benefits is provided in Note 33, and include defined benefit contribution plans, as well as defined benefit plans.

Translation gains_(losses)

Translation gains/(losses)	12 Months Ended
	Jun. 30, 2019
Translation gains/(losses)
Translation gains/(losses)	5 Translation gains/(losses) 2019 2018 2017 for the year ended 30 June Rm Rm Rm Arising from Trade and other receivables ) Trade and other payables ) ) Foreign currency loans ) Other ) ) ) (1 201 ) Business segmentation  Mining ) ) )  Exploration and Production International )  Energy ) ) )  Base Chemicals ) ) )  Performance Chemicals )  Group Functions 1 112 ) ) Total operations ) (1 201 ) Differences arising on the translation of monetary assets and liabilities into functional currency.

Other operating expenses and in

Other operating expenses and income	12 Months Ended
	Jun. 30, 2019
Other operating expenses and income
Other operating expenses and income	6 Other operating expenses and income 2019 2018 2017 for the year ended 30 June Rm Rm Rm Rentals 1 845 1 497 1 367 Insurance Computer costs 2 155 2 042 1 991 Hired labour Audit remuneration Derivative losses/(gains) (including foreign exchange contracts)(1) 2 465 3 927 ) Professional fees 2 226 1 971 1 383 Enablement of digital and continuous improvement initiatives Other 1 772 1 562 1 366 Changes in rehabilitation provisions 1 096 ) Other expenses(2) 9 880 6 724 6 981 Other operating income (1 363 ) (1 410 ) (1 688 ) 19 701 15 305 11 349 (1) Relates mainly to the group’s hedging activities which includes a loss of R1,5 billion on the reclassification of the interest rate swap to profit and loss on termination of the hedge relationship, refer note 40. (2) Increase relates mainly to growth cost relating to the LCCP and high-density polyethyline (HDPE) plants that have reached beneficial operation.

Net finance costs

Net finance costs	12 Months Ended
	Jun. 30, 2019
Net finance costs
Net finance costs	7 Net finance costs 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Finance income Dividends received from investments Notional interest received — Interest received on 1 191 1 508 other long-term investments loans and receivables cash and cash equivalents 1 123 Per income statement 1 716 1 568 Less: notional interest — ) ) Less: interest received on tax ) ) ) Per the statement of cash flows 1 565 1 464 Finance costs Debt 6 088 4 166 3 463 debt 6 044 3 880 3 162 interest rate swap — net settlements Preference share dividends Finance leases (refer note 16) Other(1) ) 6 613 5 903 4 916 Amortisation of loan costs Notional interest Total finance costs 8 195 7 327 6 029 Amounts capitalised to assets under construction(2) (6 942 ) (3 568 ) (2 764 ) Per income statement 1 253 3 759 3 265 Total finance costs before amortisation of loan costs and notional interest 6 613 5 903 4 916 Add: modification gain — — Less: interest accrued on long-term debt (1 025 ) ) ) Less: interest reversed/(accrued) on tax payable(1) ) ) Per the statement of cash flows 6 222 4 797 3 612 (1) Interest (reversed)/accrued on tax payable relates mainly to our tax litigation claim. Refer to note 12. (2) Finance costs capitalised increased due to higher assets under construction and the adoption of the amendment of IAS23 ‘Borrowing Costs’ on 1 July 2018, which resulted in higher capitalisation of costs.

Earnings and dividends per shar

Earnings and dividends per share	12 Months Ended
	Jun. 30, 2019
Earnings and dividends per share
Earnings and dividends per share	8 Earnings and dividends per share 2019 2018 2017 for the year ended 30 June Rand Rand Rand Attributable to owners of Sasol Limited Basic earnings per share Headline earnings per share Diluted earnings per share Diluted headline earnings per share Dividends per share interim final* — * Declared subsequent to 30 June and has been presented for information purposes only. Earnings per share (EPS) Earnings per share is derived by dividing attributable earnings by the weighted average number of shares, after taking the long-term incentives (LTIs), the Sasol Inzalo and Sasol Khanyisa share transactions into account. Appropriate adjustments are made in calculating diluted, headline and diluted headline earnings per share. for the year ended 30 June 2019 2018 2017 Weighted average number of shares million Earnings attributable to owners of Sasol Limited Rm 4 298 8 729 20 374 Basic earnings per share Rand Headline earnings per share (HEPS) 2019 2018 2017 for the year ended 30 June million million million Weighted average number of shares 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Headline earnings is determined as follows: Earnings attributable to owners of Sasol Limited 4 298 8 729 20 374 Adjusted for: Effect of remeasurement items for subsidiaries and joint operations, net of tax 14 628 8 058 1 077 gross remeasurement items 18 645 9 901 1 616 tax effect and non-controlling interest effect (4 017 ) (1 843 ) ) Effect of remeasurement items for equity accounted investments Headline earnings 18 941 16 798 21 465 2019 2018 2017 for the year ended 30 June Rand Rand Rand Headline earnings attributable to owners of Sasol Limited Headline earnings per share Diluted earnings per share (DEPS) and diluted headline earnings per share (DHEPS) DEPS and DHEPS are calculated considering the potential dilution that could occur if all of the group’s long-term incentives (LTIs) had vested, if all outstanding share options were exercised and the effect of all dilutive potential ordinary shares resulting from the Sasol Inzalo and Sasol Khanyisa Tier 1 share transactions. The number of shares outstanding is adjusted to show the potential dilution if the LTI’s and Sasol Khanyisa Tier 1 were settled in Sasol Limited shares. The Sasol Inzalo share transaction is anti-dilutive for EPS and HEPS in 2019, 2018 and 2017. The Sasol Khanyisa Tier 2 and Khanyisa Public are anti-dilutive for EPS and HEPS in 2019 and 2018. Number of shares 2019 2018 2017 for the year ended 30 June million million million Weighted average number of shares Potential dilutive effect of long-term incentive scheme* Potential dilutive effect of Sasol Khanyisa Tier 1 — — Diluted weighted average number of shares for DEPS and DHEPS * On 25 November 2016, the cash-settled LTI scheme was converted to an equity-settled share scheme. 2019 2018 2017 for the year ended 30 June Rm Rm Rm Diluted earnings is determined as follows: Earnings attributable to owners of Sasol Limited 4 298 8 729 20 374 Diluted earnings attributable to owners of Sasol Limited 4 298 8 729 20 374 Diluted headline earnings is determined as follows: Headline earnings attributable to owners of Sasol Limited 18 941 16 798 21 465 Diluted headline earnings attributable to owners of Sasol Limited 18 941 16 798 21 465 2019 2018 2017 for the year ended 30 June Rand Rand Rand Diluted earnings per share Diluted headline earnings per share

Remeasurement items affecting o

Remeasurement items affecting operating profit	12 Months Ended
	Jun. 30, 2019
Remeasurement items affecting operating profit
Remeasurement items affecting operating profit	9 Remeasurement items affecting operating profit 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Effect of remeasurement items for subsidiaries and joint operations Impairment of 18 451 9 115 2 477 property, plant and equipment 14 161 7 623 assets under construction 4 272 1 492 1 942 goodwill and other intangible assets — other assets — — Reversal of impairment of ) ) (1 136 ) property, plant and equipment ) — ) assets under construction ) ) ) goodwill and other intangible assets — ) — equity accounted investments — ) ) other assets — ) — Fair value write down — assets held for sale — — Loss/(profit) on 1 109 disposal of property, plant and equipment ) ) ) disposal of goodwill and other intangible assets — disposal of other assets — ) — disposal of businesses ) ) ) scrapping of property, plant and equipment disposal and scrapping of assets under construction 1 200 Write-off of unsuccessful exploration wells — Remeasurement items per income statement 18 645 9 901 1 616 Tax effect (4 012 ) (1 834 ) ) Non-controlling interest effect ) ) ) Total remeasurement items for subsidiaries and joint operations, net of tax 14 628 8 058 1 077 Effect of remeasurement items for equity accounted investments Total remeasurement items for the group, net of tax 14 643 8 069 1 091 Impairment/reversal of impairments The group’s non-financial assets, other than inventories and deferred tax assets, are assessed for impairment at each reporting date or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Recoverable amounts are estimated for individual assets or, where an individual asset cannot generate cash inflows independently, the recoverable amount is determined for the larger cash generating unit to which it belongs. Impairment calculations The recoverable amount of the assets assessed for impairment is determined based on the higher of the fair value less costs to sell or value-in-use calculations. Key assumptions relating to this valuation include the discount rate and cash flows. Future cash flows are estimated based on financial budgets covering a five year period and extrapolated over the useful life of the assets to reflect the long term plans for the group using the estimated growth rate for the specific business or project. Where reliable cash flow projections are available for a period longer than five years, those budgeted cash flows are used in the impairment calculation. The estimated future cash flows and discount rate are post-tax, based on the assessment of current risks applicable to the specific entity and country in which it operates. Discounting post-tax cash flows at a post-tax discount rate yields the same results as discount pre-tax cash flows at a pre-tax discount rate, assuming there are no significant temporary tax differences. Main assumptions used for impairment calculations 2019 2018 2017 Long-term average crude oil price (Brent) (nominal)* US$/bbl Long-term average gas price (Henry Hub), excluding margins (real)* US$/mmbtu Long-term average ethane price (nominal)* US$c/gal Long-term average ammonia price* Rand/ton 4 258,54 5 807,46 6 392,85 Long-term average exchange rate* Rand/US$ * Assumptions are provided on a long-term average basis. Oil price, ammonia price and exchange rate assumptions are calculated based on a five year period, while the ethane price is based on a ten year period. The Henry Hub gas price is calculated until 2041, linked to the plant’s useful life. South United Europe Canada % % % % Growth rate — long-term Producer Price Index 2019 Weighted average cost of capital* 2019 7,18 – 9,48 Discount rate — risk adjusted 2019 7,18 – 9,48 Growth rate — long-term Producer Price Index 2018 Weighted average cost of capital* 2018 7,68 – 9,35 Discount rate — risk adjusted 2018 7,68 – 9,35 Growth rate — long-term Producer Price Index 2017 Weighted average cost of capital* 2017 6,60 – 8,22 Discount rate — risk adjusted 2017 6,60 – 8,22 9,50 – 9,80 * Calculated using spot market factors on 30 June. Areas of judgement: Management determines the expected performance of the assets based on past performance and its expectations of market developments. The weighted average growth rates used are consistent with the increase in the geographic segment long-term Producer Price Index. Estimations are based on a number of key assumptions such as volume, price and product mix which will create a basis for future growth and gross margin. These assumptions are set in relation to historic figures and external reports. If necessary, these cash flows are then adjusted to take into account any changes in assumptions or operating conditions that have been identified subsequent to the preparation of the budgets. The weighted average cost of capital rate (WACC) is derived from a pricing model. The variables used in the model are established on the basis of management judgement and current market conditions. Management judgement is also applied in estimating future cash flows and defining of cash-generating units. These values are sensitive to the cash flows projected for the periods for which detailed forecasts are not available and to the assumptions regarding the long-term sustainability of the cash flows thereafter. Determining as to whether, and by how much, cost incurred on a project is abnormal and needs to be scrapped involves judgement. The factors considered by management include the scale and complexity of the project, the technology being applied and guidance from experts in terms of what constitute abnormal wastage on the project. Significant impairment (reversals of impairment) of assets in 2019 Property, Assets Goodwill Other Total Business 2019 2019 2019 2019 2019 Cash-generating unit (CGU) segmentation Rm Rm Rm Rm Rm Tetramerization value chain (LCCP) Performance Chemicals 3 929 3 474 — — 7 403 Ethylene Oxide/Ethylene Glycol value chain (LCCP) Performance Chemicals 4 662 — — 5 460 Ammonia value chain Base Chemicals 3 347 — — — 3 347 Sasol Canada — Shale gas assets Exploration and Production International 1 947 — — — 1 947 Chlor Vinyls value chain Base Chemicals ) ) — — ) High Purity Alumina assets Performance Chemicals — — — Sasol Wilmar Alcohol Industries Performance Chemicals — Other Various — — — 13 511 3 973 17 502 Performance Chemicals — Tetramerization and Ethylene Oxide/Ethylene Glycol (EO/EG) value chains In 2019, the Tetramerization and EO/EG value chains were impaired by R7,4 billion (US$526 million) and R5,5 billion (US$388 million), respectively. The impairments were driven by an increase in capital cost for the Lake Charles Chemicals Project (LCCP) and lower US ethylene and global mono-ethylene glycol price assumptions as at 30 June 2019. The upstream ethane cracker is a corporate asset and the increase in its capital cost has an impact on the downstream derivative units. All cash generating units linked to the LCCP were assessed for impairment. Base Chemicals — Ammonia value chain In 2019, an impairment of R3,3 billion was recognised on our Ammonia value chain mainly as a result of lower international ammonia sales price assumptions in the short- to medium-term and increased gas feedstock prices in the longer term. Sasol Canada — Shale gas assets Our shale gas assets in Canada were impaired by a further R1,9 billion (CAD181 million) as at 30 June 2019 to a carrying value of R22 million (CAD2 million), impacted by the depressed Canadian gas price environment. This is aligned with the anticipated fair value. We remain committed to divest from these assets as part of our strategic portfolio optimisation. These assets were previously impaired (2018 – R2,8 billion (CAD281 million); 2016 – R9,9 billion (CAD880 million); 2015 – R1,3 billion (CAD133 million); 2014 – R5,3 billion (CAD540 million)), mainly due to the declining gas prices. Base Chemicals — Chlor Vinyls value chain In 2018, the full carrying value of our Chlor Vinyls value chain in South Africa was impaired by R5,2 billion due to the continued and sustained strengthening of the exchange rate outlook and the resulting impact on Base Chemicals margins. A structural change in the integrated ethylene value chain led to the extension of the useful life of the Chlor Vinyls CGU in Sasolburg from 2034 to 2050. Based on the sustained improvement in the impairment calculation due to the useful life extension, R949 million of the previous impairment recognised was reversed on 31 December 2018. Significant scrapping of assets Lake Charles Chemicals Project In 2019, we scrapped R682 million (US$48 million) of cost incurred on the LCCP, mainly relating to rework that was required on the Low Density Polyethylene compression motor that was damaged and a number of heat exchangers that had to be either repaired or replaced due to quality issues. Management considered the scale and complexity of the project, the technology being applied and input from experts to determine the cost incurred on the project which were scrapped. Significant impairments of assets in prior periods Sasol Petroleum Mozambique — PSA In 2018, an impairment of R1,1 billion (US$94 million) was recognised in respect of the PSA asset. The project was still in an early stage of development with the impairment largely driven by lower than expected oil volumes and weaker long-term macroeconomic assumptions. A discount rate of 13,23% (2017: 12,16%) was used which takes into account the project’s exposure to both South Africa and Mozambique operating and fiscal environment. Base Chemicals — Lake Charles Chemicals Project In 2016, following the announcement of the US$2 billion cost overrun on the LCCP, we recognised an impairment of R956 million (US$65 million) on the Low-Density Polyethylene (LDPE) unit. In 2017, following a detailed review of the plant economics and on evaluating the results of benchmarking of similar Sasol assets, the useful life of the asset was extended from 25 years to 50 years. Based on this, the previous impairment of R849 million (US$65 million) was reversed. US Phenolics In 2017 the US Phenolics assets were impaired by R527 million (US$38,4 million), in addition to R165 million (US$11,2 million) impaired in 2016. These impairments were largely driven by lower forecasted profit margins and lower volumes. Significant scrapping of assets in prior periods US Gas-To-Liquids (GTL) At 31 December 2017 we scrapped the remaining capitalised FEED costs relating to our US GTL assets of R1,1 billion (US$83 million), following our formal strategic decision not to pursue new GTL ventures in future. This is in addition to an impairment recognised in 2017 of R1,7 billion (US$130 million) based on the delay of the US GTL project and the uncertainty around the probability and timing of project execution. Sensitivity to changes in assumptions: Management has considered the sensitivity of the impairment calculations to various key assumptions such as crude oil and gas prices, commodity prices and exchange rates. These sensitivities have been taken into consideration in determining the required impairments and reversals of impairments. The following assets are particularly impacted by changes in key assumptions: Performance Chemicals — Tetramerization and EO/EG value chains The Tetramerization and EO/EG value chains are highly sensitive to changes in assumptions. A 5% change in the ethane price assumption could change the recoverable amount of these value chains by approximately R85 million (US$6 million) and R774 million (US$55 million), respectively. An increase in overall project cost of US$200 million would decrease the value of the Tetramerization CGU by R70 million (US$5 million) and the EO/EG CGU by R422 million (US$30 million). As the LCCP is nearing completion and with the upstream ethylene cracker having reached beneficial operation in August 2019, these value chains are not expected to incur significant additional capital costs. The pricing factors are outside of the control of management. We continue to monitor these assets, as well as the other derivative units within the LCCP complex for further impairments. Base Chemicals — Ammonia value chain The performance of this CGU is highly sensitive to changes in international Ammonia prices driven by changes in the global market conditions. A 5% increase in the ammonia price assumption could increase the recoverable amount of the CGU by approximately R1 138 million. A $1/GJ increase in gas feedstock prices in the long-term will decrease the recoverable amount by approximately R230 million. The pricing factors are outside of the control of management. Base Chemicals — Chlor Vinyls value chain The performance of this CGU is highly sensitive to the Rand/US$ exchange rate. A R0,50/US$ weakening in the exchange rate assumption could increase the recoverable amount of the CGU by approximately R872 million. The macro-economic factors are outside of the control of management. The Base Chemicals CGUs are also highly sensitive to variability in product prices driven by changes in the global market conditions. We continue to monitor these assets for signs of recovery indicating a reversal of impairment. Sasol Petroleum Mozambique — Production Sharing Agreement (PSA) The PSA is sensitive to changes in assumptions regarding capital, costs, gas prices and discount rates. A capital costs increase of 20% would decrease the recoverable amount by R1 183 million (US$84 million). A 10% increase in gas prices would increase the recoverable amount by approximately R141 – R521 million (US$10 – US$37 million). A 0,5% increase in the discount rate would decrease the recoverable amount by approximately R380 – R408 million (US$27 – US$29 million). Accounting policies: Remeasurement items are items of income and expense recognised in the income statement that are less closely aligned to the operating or trading activities of the reporting entity and includes the impairment of non-current assets, profit or loss on disposal of non-current assets including businesses and equity accounted investments, and scrapping of assets. The group’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, to determine whether there is any indication of impairment. An impairment test is performed on all goodwill, intangible assets not yet in use and intangible assets with indefinite useful lives at each reporting date. The recoverable amount of an asset is defined as the amount that reflects the greater of the fair value less costs of disposal and value-in-use that can be attributed to an asset as a result of its ongoing use by the entity. Value-in-use is estimated using a discounted cash flow model. The future cash flows are adjusted for risks specific to the asset and is adjusted where applicable to take into account any specific risks relating to the country where the asset or cash-generating unit is located. The rate applied in each country is reassessed each year. The recoverable amount may be adjusted to take into account recent market transactions for a similar asset. Some assets are an integral part of the value chain but are not capable of generating independent cash flows because there is no active market for the product streams produced from these assets, or the market does not have the ability to absorb the product streams produced from these assets or it is not practically possible to access the market due to infrastructure constraints that would be costly to construct. Product streams produced by these assets form an input into another process and accordingly do not have an active market. These assets are classified as corporate assets in terms of IAS 36 when their output supports the production of multiple product streams that are ultimately sold into an active market. The group’s corporate assets are allocated to the relevant cash generating unit based on a cost or volume contribution metric. Costs incurred by the corporate asset are allocated to the appropriate cash generating unit at cost. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the cash-generating unit to which the corporate asset belongs. In Southern Africa, the coal value chain starts with feedstock mined in Secunda and Sasolburg and continues along the integrated processes of the operating business units, ultimately resulting in fuels and chemicals-based product lines. Similarly, the gas value chain starts with the feedstock obtained in Mozambique and continues along the conversion processes in Secunda and Sasolburg, ultimately resulting in fuels and chemicals-based product lines. The groups of assets which support the different product lines, including corporate asset allocations, are considered to be separate cash-generating units. In the US, the ethylene value chain results in various chemicals-based product lines, sold into active markets. The assets which support the different chemicals-based product lines, including corporate asset allocations, are considered to be separate cash-generating units. In Europe, the identification of separate cash-generating units is based on the various product streams that have the ability to be sold into active markets by the European business units. Certain products are sometimes produced incidentally from the main conversion processes and can be sold into active markets. When this is the case, the assets that are directly attributable to the production of these products, are classified as separate cash-generating units. The cost of conversion of these products is compared against the revenue when assessing the asset for impairment. Exploration assets are tested for impairment when development of the property commences or whenever facts and circumstances indicate impairment. An impairment loss is recognised for the amount by which the exploration assets carrying amount exceeds their recoverable amount.

Disposals and scrapping

Disposals and scrapping	12 Months Ended
	Jun. 30, 2019
Disposals and scrapping
Disposals and scrapping	10 Disposals and scrapping 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Property, plant and equipment cost 7 245 6 297 7 037 accumulated depreciation and impairment (6 537 ) (5 706 ) (6 201 ) Assets under construction 1 200 Goodwill and other intangible assets cost accumulated amortisation and impairment ) ) ) Equity accounted investments — 1 525 — Long-term receivables and prepaid expenses — — Assets in disposal groups held for sale — Trade and other receivables — Cash and cash equivalents — — Liabilities in disposal groups held for sale ) — — Short-term provisions — ) — Tax payable — ) — Trade and other payables — ) ) 1 728 3 786 1 028 Non-controlling interest — ) — 1 728 3 735 1 028 Total consideration 2 425 consideration received 2 316 long-term supply agreement — — (1 161 ) (1 310 ) ) Realisation of accumulated translation effects Net loss on disposal (1 109 ) ) ) Consideration received comprising Performance Chemicals — Heat Transfer Fuels (HTF) business — — Base Chemicals — Investment in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd — 1 918 — Energy — Property and mineral rights in the US (Lake de Smet) — — Energy — Sale of Canada land — — Other Consideration received 2 316 Significant disposals and scrappings in 2019 Performance Chemicals — Heat Transfer Fuels (HTF) business In 2019, we disposed of our HTF business with the producing assets located within the Marl facility in Germany. Lake Charles Chemicals Project In 2019, we scrapped R682 million (US$48 million) of cost incurred on the LCCP, mainly relating to rework required. Refer note 9. Significant disposals in prior periods Base Chemicals — Investment in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd Our divestment from Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd was concluded on 14 March 2018, resulting in a profit on disposal of R864 million, including the reclassification of the Foreign Currency Translation Reserve of R494 million. Energy — US Gas-To-Liquids (GTL) Scrapping We have scrapped the US GTL Project amounting to R1,1 billion (US$83 million) during the 2018 financial year. Energy — Sale of Canada land In 2017, we disposed of a portion of our land in Canada with a carrying value of R354 million (CAD35 million) for proceeds of R389 million (CAD38 million).

Disposal groups held for sale

Disposal groups held for sale	12 Months Ended
	Jun. 30, 2019
Disposal groups held for sale
Disposal groups held for sale	11 Disposal groups held for sale 2019 2018 for the year ended 30 June Rm Rm Assets in disposal groups held for sale Base Chemicals — Explosives business 1 404 — Base Chemicals — Investment in Sasol Huntsman GmbH & co KG — Performance Chemicals — Sasol Wilmar Alcohol Industries — Performance Chemicals — Heat Transfer Fuels (HTF) business — Other 2 554 Liabilities in disposal groups held for sale Base Chemicals — Explosives business ) — Performance Chemicals — Sasol Wilmar Alcohol Industries ) — Performance Chemicals — Heat Transfer Fuels (HTF) business — ) ) ) Business segmentation  Mining —  Energy —  Base Chemicals 1 852 —  Performance Chemicals Total operations 2 066 Significant disposal group held for sale in 2019 Base Chemicals — Explosives business In line with the asset review process, Sasol’s Explosives business was identified for partial divestment and collaboration with a world-class Explosives partner. The downstream portion of the explosives business was classified as a disposal group held for sale at 30 June 2019, following approval to commence negotiations with a preferred partner, with the aim of creating a joint venture, managed and operated by the partner. The partial divestment and partnering is expected to be completed within the next 12 months. Base Chemicals — Investment in Sasol Huntsman GmbH & co KG On 26 July 2019 Sasol and Huntsman Corporation signed a definitive agreement for Sasol to dispose of our 50% equity interest in the Sasol-Huntsman maleic anhydride joint venture. The transaction closed on 30 September 2019 with a preliminary equity purchase price of EUR90,3 million received by Sasol. The final purchase price will be confirmed on verification of the closing accounts by the independent auditors. The group has classified its investment in Sasol Huntsman GmbH & co KG as held for sale at 30 June 2019. Performance Chemicals — Sasol Wilmar Alcohol Industries During May 2019 and based on the results of the recently concluded asset review, the Sasol Investment Committee approved the commencement of negotiations to sell Sasol’s share in Sasol Wilmar Alcohol Industries. A share purchase agreement was signed on 18 October 2019. The agreement is subject to Chinese authority approval. Accordingly, the group has classified its investment in Sasol Wilmar Alcohol Industries as held for sale and recorded an impairment on its portion of the assets, down to its fair value less costs to sell. Refer to note 9. Accounting policies: A non-current asset or disposal group (a business grouping of assets and their related liabilities) is designated as held for sale when its carrying amount will be recovered principally through a sale transaction rather than through continuing use. The classification as held for sale of a non-current asset or disposal group occurs when it is available for immediate sale in its present condition and the sale is highly probable. A sale is considered highly probable if management is committed to a plan to sell the non-current asset or disposal group, an active divestiture programme has been initiated, the non-current asset or disposal group is marketed at a price reasonable to its fair value and the disposal will be completed within one year from classification. Where a disposal group held for sale will result in the loss of control or joint control of a subsidiary or joint operation, respectively, all the assets and liabilities of that subsidiary or joint operation are classified as held for sale, regardless of whether a non-controlling interest in the former subsidiary or an ongoing interest in the joint operation is to be retained after the sale. Where a disposal group held for sale will result in the loss of joint control of a joint venture or significant influence of an associate, the full investment is classified as held for sale. Equity accounting ceases from the date the joint venture or associate is classified as held for sale. Before classification of a non-current asset or disposal group as held for sale, it is reviewed for impairment. The impairment loss charged to the income statement is the excess of the carrying amount of the non-current asset over its expected fair value less costs to sell. No depreciation or amortisation is provided on non-current assets from the date they are classified as held for sale.

Taxation

Taxation	12 Months Ended
	Jun. 30, 2019
Taxation
Taxation	12 Taxation 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm South African normal tax 3 206 4 035 4 393 current year 3 804 4 689 3 887 prior years ) ) Dividend withholding tax — Foreign tax 2 640 2 530 2 682 current year 2 544 3 035 2 680 prior years ) Income tax 5 846 6 633 7 134 Deferred tax — South Africa 2 086 ) 2 677 current year 2 069 ) 2 634 prior years Deferred tax — foreign (4 775 ) ) (1 316 ) current year* (4 831 ) ) ) prior years ) recognition of previously unrecognised deferred tax assets** — ) ) tax rate change ) ) 3 157 5 558 8 495 * Increase in the current year relates mainly to tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against. ** Included in the previous years is the recognition of a deferred tax asset relating to the accumulated tax losses in Italy which were previously limited in line with the forecasted utilisation thereof. In 2017, profits and a successful business turnaround strategy have resulted in the recognition of a previously unrecognised deferred tax asset of EUR25,4 million (R377,2 million). Additionally in 2017 R93 million of previously unrecognised tax assets were recognised after the approval of the Production Sharing Agreement (PSA) licence area’s Field Development Plan (FDP) in Mozambique. 2019 2018 2017 for the year ended 30 June Rm Rm Rm Regional analysis  South Africa 5 285 3 994 7 013  Rest of Africa 1 465  Europe 1 276 1 649  United States of America (4 913 ) (1 032 ) )  Other Total operations 3 157 5 558 8 495 Contingent liability Sasol Oil As previously reported, the South African Revenue Service (SARS) issued revised assessments for Sasol Oil (Pty) Ltd (Sasol Oil) relating to a dispute around our international crude oil procurement activities for the 2005 to 2012 tax years. Sasol Oil raised a provision in its financial statements of R1,3 billion, including penalties and interest, which covers the 2005 to 2014 tax years in relation to these procurement activities. On 9 November 2018, the Supreme Court of Appeal (SCA) upheld an appeal filed by Sasol Oil (in respect of the 2005 to 2007 tax years) and set aside an earlier ruling by the Tax Court. On the basis of this judgement, Sasol Oil has reversed the provision of R1,3 billion. On 29 November 2018, SARS applied to the Constitutional Court (Con Court) for leave to appeal against the SCA decision. On 4 February 2019, the Con Court dismissed SARS’ application with costs, ruling that the matter falls outside the jurisdiction of the Con Court and, in any event, bears no reasonable prospect of success. In addition to the above litigation, the potential contingent liability relating to the ongoing dispute with SARS in relation to its revised assessments for the 2013 and 2014 tax years, based on different primary grounds of assessment regarding Sasol Oil’s crude oil procurement activity, amounts to R13,4 billion (including interest and penalties as at 30 June 2019). Sasol Oil disagrees with SARS’ assessment for the 2013 and 2014 periods and hence this tax dispute was the subject of an ongoing appeal with the Tax Court lodged by Sasol Oil. The impact of the SCA and Con Court judgements on the open years of assessment relating to 1999 to 2004 and 2008 to 2016 (open years), were fully considered by both parties. Consequently SARS and Sasol Oil has come to a mutual agreement resulting in the dispute between the parties being resolved for all the open years of assessment. As a result Sasol is no longer exposed to the contingent liability of R13,4 billion. Sasol Financing International Further, as reported previously, SARS conducted an audit over a number of years on Sasol Financing International Plc (SFI) which performs an off-shore treasury function for Sasol. The audit culminated in the issuance of revised assessments in respect of the 2002 to 2012 tax years and the dispute relates to the place of effective management of SFI. SFI has co-operated fully with SARS during the course of the audit relating to these assessments. The potential tax exposure of R2,4 billion (including interest and penalties as at 30 June 2019), which is disclosed as a contingent liability, was reduced from the R3,2 billion previously reported, due to the reduction of the penalties applied by SARS. SFI, in consultation with its tax and legal advisors, does not support the basis of these additional assessments for all the years of assessment. Accordingly, SFI lodged an objection and appeal in the Tax Court against the revised assessments. SFI and SARS has however come to a mutual agreement that the appeal and related Tax Court processes will be held in abeyance pending the outcome of the judicial review application noted below. In addition, Sasol has also launched a judicial review application against the SARS decision to register SFI as a South African taxpayer. SARS’ answering affidavit in this litigation was submitted on 8 February 2019 and SFI responded accordingly. The legal process is ongoing in this regard. Sasol is committed to compliance with tax laws and any disputes with tax authorities on the interpretation of tax laws and regulations will be addressed in a transparent and constructive manner. 2019 2018 2017 % % % Reconciliation of effective tax rate The table below shows the difference between the South African enacted tax rate (28%) compared to the effective tax rate in the income statement. Total income tax expense differs from the amount computed by applying the South African normal tax rate to profit before tax. The reasons for these differences are: South African normal tax rate Increase in rate of tax due to: disallowed preference share dividends disallowed expenditure(1) disallowed share-based payment expenses(2) different tax rates(3) effect of tax litigation matters(4) — — tax losses not recognised(5) prior year adjustments — other adjustments Decrease in rate of tax due to: exempt income(6) ) ) ) share of profits of equity accounted investments ) ) ) effect of tax litigation matters(4) ) — — recognition of previously unrecognised deferred tax assets — — ) utilisation of tax losses ) ) — investment incentive allowances(7) ) ) ) effect of tax rate change in the US — ) — translation differences ) ) ) prior year adjustments — — ) other adjustments ) ) ) Effective tax rate Adjusted effective tax rate(8) (1) Includes non-deductible expenses incurred not deemed to be in the production of taxable income mainly relating to exploration activities and non-productive interest in our treasury function. (2) This relates to the share based payment expense on the Sasol Khanyisa transaction. (3) Relates mainly to the impact of lower tax rate in the US on the increases in tax losses incurred during the year. (4) 2019 includes reversal of tax and interest pertaining to Sasol Oil and 2017, includes tax, interest and penalties. (5) Tax losses not recognised resulted mainly from the R1,9 billion (2018 – R2,8 billion) impairment of the Canadian shale gas asset and the Mozambique PSA impairment of R1,1 billion in 2018 for which no deferred tax asset was raised. Refer note 9. (6) 2018, includes profit on disposal of our investments in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd. (7) Energy efficiency allowances relating to our South African operations increased by R4,2 billion compared to the prior year. (8) Effective tax rate adjusted for equity accounted investments, remeasurement items and once-off items.

Tax paid

Tax paid	12 Months Ended
	Jun. 30, 2019
Tax paid
Tax paid	13 Tax paid 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Net amounts receivable at beginning of year ) ) (1 609 ) Disposal of businesses ) ) — Net interest and penalties on tax* ) Income tax per income statement 5 846 6 633 7 134 Reclassification to held for sale — — Foreign exchange differences recognised in income statement ) ) Translation of foreign operations ) 4 255 6 057 5 717 Net tax payable per statement of financial position ) tax payable (1 039 ) (2 318 ) (1 903 ) tax receivable 3 302 2 538 Per the statement of cash flows 3 946 7 041 6 352 Comprising Normal tax South Africa 4 681 3 984 Foreign 3 013 2 292 2 309 Dividend withholding tax — 3 946 7 041 6 352 * 2019, relates to the reversal of interest pertaining to the Sasol Oil matter.

Deferred tax

Deferred tax	12 Months Ended
	Jun. 30, 2019
Deferred tax
Deferred tax	14 Deferred tax 2019 2018 for the year ended 30 June Note Rm Rm Reconciliation Balance at beginning of year 21 812 22 778 Current year charge (2 819 ) ) per the income statement (2 689 ) (1 075 ) per the statement of comprehensive income ) Reclassification to held for sale ) — Foreign exchange differences recognised in income statement Translation of foreign operations ) Balance at end of year 19 023 21 812 Comprising Deferred tax assets (8 563 ) (4 096 ) Deferred tax liabilities 27 586 25 908 19 023 21 812 Deferred tax assets and liabilities are determined based on the tax status and rates of the underlying entities. The increase in deferred tax assets relates to our US operations. 2019 2018 for the year ended 30 June Rm Rm Attributable to the following tax jurisdictions  South Africa 25 065 22 501  United States of America (4 998 )  Germany ) )  Mozambique  Other (1 053 ) (1 325 ) 19 023 21 812 Deferred tax is attributable to temporary differences on the following: Net deferred tax assets: Property, plant and equipment 2 003 1 194 Short- and long-term provisions (2 851 ) (1 296 ) Calculated tax losses (7 329 ) (3 267 ) Other ) ) (8 563 ) (4 096 ) Net deferred tax liabilities: Property, plant and equipment 33 342 32 233 Current assets (1 147 ) ) Short- and long-term provisions (4 061 ) (4 991 ) Calculated tax losses ) ) Financial derivatives Other ) ) 27 586 25 908 Deferred tax assets have been recognised for the carry forward amount of unused tax losses relating to the group’s operations where, among other things, taxation losses can be carried forward indefinitely and there is compelling evidence that it is probable that sufficient taxable profits will be available in the future to utilise all tax losses carried forward. 2019 2018 for the year ended 30 June Rm Rm Calculated tax losses (before applying the applicable tax rate) Available for offset against future taxable income 48 444 23 893 Utilised against the deferred tax balance (29 745 ) (6 272 ) Not recognised as a deferred tax asset(1) 18 699 17 621 Deferred tax assets not recognised on tax losses mainly relate to Sasol’s exploration and development entities, where future taxable income is uncertain. Calculated tax losses carried forward that have not been recognised: Expiry between three and five years Expiry thereafter 2 212 2 052 Indefinite life 15 775 15 193 18 699 17 621 (1) Included are calculated tax losses of R15,5 billion relating to Sasol Canada. Areas of judgement: Sasol companies are involved in tax litigation and tax disputes with various tax authorities in the normal course of business. A detailed assessment is performed regularly on each matter and a provision is recognised where appropriate. Although the outcome of these claims and disputes cannot be predicted with certainty, Sasol believes that open engagement and transparency will enable appropriate resolution thereof. A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which the deferred tax asset can be utilised. This includes the significant tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against. These losses do not expire. The provision of deferred tax assets and liabilities reflects the tax consequences that would follow from the expected recovery or settlement of the carrying amount of its assets and liabilities. Unremitted earnings at end of year that would be subject to foreign dividend withholding tax and after tax effect if remitted Deferred tax liabilities are not recognised for the income tax effect that may arise on the remittance of unremitted earnings by foreign subsidiaries, joint operations and incorporated joint ventures. It is management’s intention that, where there is no double taxation relief, these earnings will be permanently re-invested in the group. 2019 2018 for the year ended 30 June Rm Rm Unremitted earnings at end of year that would be subject to dividend withholding tax 28 150 45 280 Europe 10 808 12 555 Rest of Africa 2 675 2 346 United States of America* 10 486 23 591 Other 4 181 6 788 Tax effect if remitted 1 012 1 718 Europe Rest of Africa United States of America 1 179 Other * Decrease in the current year relates mainly to tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against. Dividend withholding tax Dividend withholding tax is payable at a rate of 20% on dividends distributed to shareholders. Dividends paid to companies and certain other institutions and certain individuals are not subject to this withholding tax. This tax is not attributable to the company paying the dividend but is collected by the company and paid to the tax authorities on behalf of the shareholder. On receipt of a dividend, the company includes the dividend withholding tax in its computation of the income tax expense. 2019 2018 for the year ended 30 June Rm Rm Undistributed earnings at end of year subjected to dividend withholding tax withheld by the company on behalf of Sasol Limited shareholders 180 692 185 064 Maximum withholding tax payable by shareholders if distributed to individuals 36 138 37 013 Accounting policies: The income tax charge is determined based on net income before tax for the year and includes deferred tax and dividend withholding tax. The current tax charge is the tax payable on the taxable income for the financial year applying enacted or substantively enacted tax rates and includes any adjustments to tax payable in respect of prior years. Deferred tax is provided for using the liability method, on all temporary differences between the carrying amount of assets and liabilities for accounting purposes and the amounts used for tax purposes and on any tax losses. No deferred tax is provided on temporary differences relating to: · the initial recognition of goodwill; · the initial recognition (other than in a business combination) of an asset or liability to the extent that neither accounting nor taxable profit is affected on acquisition; and · investments in subsidiaries, associates and interests in joint arrangements to the extent that the temporary difference will probably not reverse in the foreseeable future and the control of the reversal of the temporary difference lies with the parent, investor, joint venturer or joint operator. The provision for deferred tax is calculated using enacted or substantively enacted tax rates at the reporting date that are expected to apply when the asset is realised or liability settled. Deferred tax assets and liabilities are offset when the related income taxes are levied by the same taxation authority, there is a legally enforceable right to offset and there is an intention to settle the balances on a net basis.

Share capital

Share capital	12 Months Ended
	Jun. 30, 2019
Share capital.
Share capital	15 Share capital 2019 2018 2017 for the year ended 30 June Rm Rm Rm Issued share capital (as per statement of changes in equity)* 9 888 15 775 29 282 Number of shares for the year ended 30 June 2019 2018 2017 Authorised Sasol ordinary shares of no par value 1 127 690 590 1 127 690 590 1 127 690 590 Sasol preferred ordinary shares of no par value 28 385 646 28 385 646 28 385 646 Sasol BEE ordinary shares of no par value 158 331 335 158 331 335 18 923 764 1 314 407 571 1 314 407 571 1 175 000 000 Issued Shares issued at beginning of year 645 560 928 679 822 439 679 775 162 Issued in terms of the employee share schemes 1 566 581 1 776 361 47 277 Repurchase and cancellation of shares* (16 085 199 ) (43 503 454 ) — Issued in terms of Sasol Khanyisa (13 992 ) 7 465 582 — Shares issued at end of year 631 028 318 645 560 928 679 822 439 Comprising Sasol ordinary shares of no par value 624 696 971 623 081 550 651 436 793 Sasol preferred ordinary shares of no par value — 16 085 199 25 547 081 Sasol BEE ordinary shares of no par value 6 331 347 6 394 179 2 838 565 631 028 318 645 560 928 679 822 439 Unissued shares Sasol ordinary shares of no par value 502 993 619 504 609 040 476 253 797 Sasol preferred ordinary shares of no par value 28 385 646 12 300 447 2 838 565 Sasol BEE ordinary shares of no par value 151 999 988 151 937 156 16 085 199 683 379 253 668 846 643 495 177 561 * On 7 September 2018, 16 085 199 preferred ordinary shares were repurchased from Inzalo Public Funding (RF) Proprietary Limited at a purchase price of R542,11 per share as per the shareholders authorisation obtained at the Annual General Meeting held on 17 November 2017, which had the effect that these shares were cancelled and restored to authorised share capital. On 26 June 2018, 9 461 882 Sasol Limited preferred ordinary shares were repurchased from Inzalo Groups Funding at a purchase price of R475,03 per share as per the shareholders authorisation obtained at the Annual General Meeting held on 17 November 2017, which had the effect that these shares were cancelled and restored to authorised share capital. On 4 June 2018, 25 231 686 Sasol Limited ordinary shares were repurchased from the Inzalo Employee schemes at a nominal value of R0,01 per share (as per Sasol’s rights of repurchase under the Inzalo Employee schemes trust deeds). The Inzalo Employee scheme participants did not receive a distribution of Sasol Limited ordinary shares. On 26 February 2018, 8 809 886 Sasol Limited ordinary shares were repurchased from its wholly owned subsidiary, Sasol Investment Company (Pty) Ltd as per shareholders approval obtained at the Annual General Meeting held on 17 November 2017, which had the effect that these shares were cancelled and restored. At 30 June 2016, these shares represented 1,43% of the issued share capital of the company, excluding the Sasol Inzalo share transaction. At 30 June 2019, 13 969 621 shares were held by the Sasol Foundation Trust and the Sasol Khanyisa Employee Share Ownership Plan. Accounting policies: When Sasol Limited’s shares are repurchased by a subsidiary, the amount of consideration paid, including directly attributable costs, is recognised as a deduction from shareholders’ equity. Repurchased shares are classified as treasury shares and are disclosed as a deduction from total equity. Where such shares are subsequently reissued, any consideration received is included in the statement of changes in equity.

Long-term debt and finance leas

Long-term debt and finance leases	12 Months Ended
	Jun. 30, 2019
Long-term debt and finance leases
Long-term debt and finance leases	16 Long-term debt and finance leases 2019 2018 for the year ended 30 June Note Rm Rm Total long-term debt 137 339 109 454 Short-term portion (2 544 ) (12 763 ) 134 795 96 691 Comprising: Long-term debt 127 350 89 411 Finance leases 7 445 7 280 134 795 96 691 Analysis of long-term debt and finance leases At amortised cost Secured debt(1) 6 602 62 601 Preference shares — 7 493 Finance leases 7 770 7 624 Unsecured debt* 123 555 32 513 Unamortised loan costs ) ) 137 339 109 454 Reconciliation Balance at beginning of year 109 454 81 405 Loans raised 94 002 31 061 proceeds from new loans* 93 884 24 961 finance leases acquired 6 100 Loans repaid** (70 000 ) (9 199 ) Modification gain ) — Interest accrued 1 025 Amortisation of loan costs Translation effect of foreign currency loans Translation of foreign operations 2 033 4 825 Balance at end of year 137 339 109 454 Interest-bearing status Interest-bearing debt 136 394 108 017 Non-interest-bearing debt 1 437 137 339 109 454 Maturity profile Within one year 2 544 12 763 One to five years 113 447 72 899 More than five years 21 348 23 792 137 339 109 454 Business segmentation  Mining —  Exploration and Production International —  Energy 8 893 9 503  Base Chemicals 5 503 33 716  Performance Chemicals 1 466 27 914  Group Functions 121 477 36 858 Total operations 137 339 109 454 (1) The LCCP term loan was repaid with the proceeds from the US dollar bonds issued in September 2018 and the subsequent draw down of the term loan and revolving credit facility. * Loans raised to fund US growth projects. ** 2019 relate mainly to the settlement of the LCCP term loan, discharging the completion guarantee issued in respect of the LCCP and the settlement of the Inzalo Public debt. 2018 mainly relates to the repayment of the Inzalo Groups debt. Fair value of long-term debt The fair value of long-term debt is based on the quoted market price for the same or similar instruments or on the current rates available for debt with the same maturity profile and with similar cash flows. Market related rates ranging between 2,4% and 15,3% were used to discount estimated cash flows based on the underlying currency of the debt. 2019 2018 Rm Rm Total long-term debt (before unamortised loan costs)*** 141 198 109 984 *** The difference in the fair value of long-term debt when compared to the carrying value is mainly due to the prevailing market price of the debt instruments. In terms of Sasol Limited’s memorandum of incorporation, the group’s borrowing powers are limited to twice the sum of its share capital and reserves (2019 — R440 billion; 2018 — R446 billion). Interest rate at 2019 2018 Terms of repayment Security Business Currency 30 June 2019 Rm Rm Secured debt Repayable in bi-annual instalments ending December 2021(1) Secured by assets under construction with a carrying value of 2018 — R140 912 million and other assets with a carrying value of 2018 — R24 368 million Base and Performance Chemicals (US Operations) US dollar — 54 953 Repayable in quarterly instalments ending August 2024 Secured by property, plant and equipment with a carrying value of R4 183 million (2018 — R4 551 million). Base Chemicals US dollar Libor + 2,5% 2 735 2 765 Repayable in bi-annual instalments ending June 2022 Secured by property, plant and equipment with a carrying value of R4 941 million (2018 — R5 415 million) Energy (Rompco) Rand Jibar + 1,75% 2 590 3 473 Repayable in bi-annual instalments ending February 2030 Secured by shares, property, plant and equipment with a carrying value of R1 480 million (2018 — R1 443 million) Energy (CTRG) US dollar Libor + 5,5% 1 093 1 183 Various Various Various 6 602 62 601 Preference shares A preference shares repayable in semi-annual instalments between June 2008 and September 2018(2) Secured by Sasol preferred ordinary shares held by the company Group Functions (Inzalo) Rand — B preference shares repayable between June 2008 and September 2018(2) Secured by Sasol preferred ordinary shares held by the company Group Functions (Inzalo) Rand — C preference shares repayable September 2018(2) Secured by guarantee from Sasol Limited Group Functions (Inzalo) Rand — 5 822 A preference shares repayable between March 2013 and September 2018 Secured by preference shares held in Sasol Mining (Pty) Ltd Mining (Ixia) Rand — — 7 493 (1) The US$4 billion secured term loan was settled during the year with the proceeds from the US$2,25 billion bond issued in September 2018 together with a US$1,65 billion term loan and a RCF of US$150 million incurred in June 2019. (2) The A, B and C preference share debt relating to the Sasol Inzalo Public share transaction was settled on 10 September 2018. Interest rate at 2019 2018 Terms of repayment Security Business Currency 30 June 2019 Rm Rm Finance leases Repayable in monthly instalments over 1 to 37 years ending December 2056 Secured by plant and equipment with a carrying value R7 369 million (2018 – R7 541 million) Energy, Base and Performance Chemicals Various Fixed 2,36% to 16,58% and variable 8% to 9,5% 7 673 7 521 Other finance leases Underlying assets Various Various Various 7 770 7 624 14 372 77 718 Interest rate at 2019 2018 Terms of repayment Business Currency 30 June 2019 Rm Rm Unsecured debt Various repayment terms ending April 2031 Various Various Various 1 779 1 567 Repayable in July 2018(1) Exploration and Production International Canadian dollar — Various repayment terms Energy Rand Fixed 8,0% Various repayment terms from November 2022 to November 2023(2)(3) Group Functions (Sasol Financing International) US dollar Fixed 4,5% and variable Libor + 1% 63 548 29 014 Various repayment terms from June 2024 to September 2028(4)(5) Group Functions (Sasol Financing USA) US dollar Fixed 5,8% to 6,5% and variable Libor + 1% to 1,4% 57 602 — Repayable in bi-annual instalments ending December 2018 Mining Rand — Total unsecured debt 123 555 32 513 Total long-term debt 137 927 110 231 Unamortised loan costs (amortised over period of debt using the effective interest rate method) ) ) 137 339 109 454 Short-term portion of long-term debt (2 544 ) (12 763 ) 134 795 96 691 (1) The carry of CAD75 million (R780 million) was repaid on 3 July 2018. (2) Included in this amount is the US$1 billion (R14 billion) bond, with a fixed interest rate of 4,5% which is listed on the New York Stock Exchange and is recognised in Sasol Financing International Limited, a 100% owned subsidiary of the group. 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. (3) During the year Sasol Financing International Limited, drew down on its revolving credit facility US$2,6 billion to fund mainly the LCCP. (4) In September 2018 Sasol Financing USA LLC issued bonds to the value of US$1,50 billion and US$0,75 billion respectively and in June 2019 incurred a term loan of US$1,65 billion and a revolving credit facility of US$150 million. The proceeds were utilised to fully repay the US$4 billion secured term loan. (5) Included in this amount is the US$2,25 billion (R31,7 billion) bonds, with fixed interest rates of 5,88% and 6,5% which are listed on the New York Stock Exchange and is recognised in Sasol Financing USA LLC, a 100% owned subsidiary of the group. Sasol Limited has fully and unconditionally guaranteed the bond. There are no restrictions on the ability of Sasol Limited to obtain funds from the finance subsidiary by dividend or loan. Total Cash utilised Remaining Rand at 30 June 2019 US$m US$m US$m equivalent Lake Charles Chemicals Project funding profile Term loan 1 650 1 650 — — Bonds 2 250 2 250 — — Available cash, cash flow from operations and general borrowings 9 000 7 533 1 467 20 655 Total funding requirement 12 900 * 11 433 1 467 20 655 * Includes the US$300 million contingency Contract Total Utilised Available 30 June 2019 Expiry date Currency million Rm Rm Rm Banking facilities and debt arrangements Group treasury facilities Commercial paper (uncommitted)(1) None Rand 8 000 8 000 — 8 000 Commercial banking facilities None Rand 10 300 10 300 9 347 Revolving credit facility November 2023 US dollar 3 900 54 915 49 283 5 632 Revolving credit facility(3) June 2024 US dollar 2 112 2 112 — Debt arrangements US Dollar Bond November 2022 US dollar 1 000 14 081 14 081 — US Dollar Bond(2) March 2024 US dollar 1 500 21 121 21 121 — US Dollar Bond(2) September 2028 US dollar 10 561 10 561 — US Dollar term loan(3) June 2024 US dollar 1 650 23 233 23 233 — Other Sasol businesses Specific project asset finance Energy — Republic of Mozambique Pipeline Investments Company (Rompco) June 2022 Rand 2 511 2 511 2 511 — Energy — Republic of Mozambique Pipeline Investments Company (Rompco) December 2019 Rand — Energy — Clean Fuels II (Natref) Various Rand 1 948 1 948 1 948 — Debt arrangements Other debt arrangements Various — — 11 149 — 137 023 22 979 Available cash 13 339 Total funds available for use 36 318 Total utilised facilities 137 023 Accrued interest 1 025 Unamortised loan cost Total debt including accrued interest and unamortised loan cost 138 636 Comprising Long-term debt 134 795 Short-term debt 3 783 Short-term debt 1 239 Short-term portion of long-term debt 2 544 Bank overdraft 138 636 (1) In August 2019, Sasol issued its inaugural paper to the value of R2 176 million in the local debt market under the current Domestic Medium Term Note (DMTN) programme, at 130 basis points above 3 month Jibar. The net proceeds from the notes issue will be used for general corporate purposes and to refinance existing facilities. (2) In September 2018 Sasol Financing USA LLC issued bonds to the value of US$1,50 billion and US$0,75 billion respectively. The net proceeds from the bonds of US$2,24 billion were used to partially repay the US$4,0 billion secured term loan. (3) In June 2019 Sasol Financing USA LLC obtained a term loan of US$1,65 billion and a revolving credit facility of US$150 million, the proceeds of which were utilised to fully repay the remainder of the US$4 billion secured term loan. Accounting policies: Debt, which constitutes a financial liability, includes short-term and long-term debt. Debt is initially recognised at fair value, net of transaction costs incurred and is subsequently stated at amortised cost. Debt is classified as short-term unless the borrowing entity has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Debt is derecognised when the obligation in the contract is discharged, cancelled or has expired. Premiums or discounts arising from the difference between the fair value of debt raised and the amount repayable at maturity date are charged to the income statement as finance expenses based on the effective interest rate method. A debt modification gain or loss is recognised immediately when a debt measured at amortised cost has been modified.

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Jun. 30, 2019
Property, plant and equipment..
Property, plant and equipment	17 Property, plant and equipment Land Building Plant, Mineral Total for the year ended 30 June Rm Rm Rm Rm Rm Carrying amount at 30 June 2018 2 744 8 537 127 336 28 840 167 457 Additions 1 360 2 720 to sustain existing operations 1 360 2 401 to expand operations — — — Net reclassification (to)/from other assets ) ) ) ) Reduction in rehabilitation provisions capitalised (note 31) — — ) — ) Projects capitalised 1 452 7 281 83 768 3 583 96 084 Reclassification to held for sale ) ) ) — ) Translation of foreign operations ) ) Disposals and scrapping ) ) ) ) ) Current year depreciation charge — ) (13 607 ) (3 285 ) (17 535 ) Net impairment of property, plant and equipment — ) (11 956 ) (1 543 ) (13 511 ) Carrying amount at 30 June 2019 4 202 15 434 185 235 28 678 233 549 Land Building Plant, Mineral Total for the year ended 30 June Rm Rm Rm Rm Rm Carrying amount at 30 June 2017 1 357 7 851 117 699 31 866 158 773 Additions 6 327 6 992 to sustain existing operations 4 279 4 606 to expand operations — 2 048 — 2 386 Net reclassification from/(to) other assets ) ) — Reduction in rehabilitation provisions capitalised (note 31) — ) ) ) ) Disposal of business — — ) — ) Projects capitalised 1 268 19 990 3 130 25 316 Reclassification (to)/from held for sale ) ) — ) Translation of foreign operations 1 512 ) 1 639 Disposals and scrapping ) ) ) ) ) Current year depreciation charge — ) (12 445 ) (3 030 ) (16 047 ) Net impairment of property, plant and equipment — — (5 329 ) (2 294 ) (7 623 ) Carrying amount at 30 June 2018 2 744 8 537 127 336 28 840 167 457 Land Building Plant, Mineral Total for the year ended 30 June Rm Rm Rm Rm Rm 2019 Cost 4 403 23 034 316 548 74 769 418 754 Accumulated depreciation and impairment ) (7 600 ) (131 313 ) (46 091 ) (185 205 ) 4 202 15 434 185 235 28 678 233 549 2018 Cost 3 036 15 652 239 262 70 386 328 336 Accumulated depreciation and impairment ) (7 115 ) (111 926 ) (41 546 ) (160 879 ) 2 744 8 537 127 336 28 840 167 457 2017 Cost 1 630 14 231 215 017 67 880 298 758 Accumulated depreciation and impairment ) (6 380 ) (97 318 ) (36 014 ) (139 985 ) 1 357 7 851 117 699 31 866 158 773 2019 2018 Rm Rm Business segmentation  Mining 23 540 22 584  Exploration and Production International 6 076 7 646  Energy 48 924 47 743  Base Chemicals 77 339 46 874  Performance Chemicals 74 313 39 274  Group Functions 3 357 3 336 Total operations 233 549 167 457 2019 2018 2017 for the year ended 30 June Rm Rm Rm Additions to property, plant and equipment (cash flow) Current year additions 2 720 6 992 1 112 Adjustments for non-cash items (1 491 ) (6 278 ) ) movement in environmental provisions capitalised (1 387 ) ) ) movement in long-term debt* ) (6 100 ) — other non-cash movements — — ) Per the statement of cash flows 1 229 * 2018, additions include the Air Separation Unit at SSO of R3,4 billion and the Lake Charles Chemical Project rail yard and wash bay leases of R1,8 billion that commenced during the year. 2019 2018 for the year ended 30 June Rm Rm Leased assets Carrying value of capitalised leased assets (included in plant, equipment and vehicles) 7 423 7 547 cost 9 316 9 116 accumulated depreciation (1 893 ) (1 569 ) 2019 2018 for the year ended 30 June Rm Rm Capital commitments (excluding equity accounted investments) Capital commitments, excluding capitalised interest, include all projects for which specific board approval has been obtained. Projects still under investigation for which specific board approvals have not yet been obtained are excluded from the following: Authorised and contracted for 212 848 179 172 Authorised but not yet contracted for 43 097 47 338 Less expenditure to the end of year (195 850 ) (156 583 ) 60 095 69 927 * to sustain existing operations 29 654 26 925 to expand operations 30 441 43 002 Estimated expenditure Within one year 32 194 44 801 One to five years 27 901 25 126 60 095 69 927 * Business segmentation  Mining 2 372 2 640  Exploration and Production International 19 795 18 811  Energy 10 390 10 320  Base Chemicals 16 504 21 125  Performance Chemicals 10 434 16 432  Group Functions Total operations 60 095 69 927 * Significant capital commitments at 30 June comprise of: 2019 2018 Project Project location Business segment Rm Rm Lake Charles Chemicals Project* United States Base and Performance Chemicals 11 856 22 084 Mozambique exploration and development Mozambique Exploration and Production International 17 375 17 108 Sixth fine ash dam Secunda Energy 2 302 3 720 Shutdown and major statutory maintenance Various Energy, Base and Performance Chemicals 5 949 6 172 Renewal projects Secunda and Sasolburg Energy, Base and Performance Chemicals 4 578 5 003 Mulalo project: 132 kilo volt electrical infrastructure Secunda Energy, Base and Performance Chemicals 1 329 — Steam Station 2 NOx Abatement Sasolburg Base and Performance Chemicals 1 168 Steam Station 1 Air Quality Compliance Sasolburg Base and Performance Chemicals — Mozambique drilling campaign and infield compression Mozambique Exploration and Production International — Clean fuels II: To meet legislated fuel specifications Secunda Energy — China Ethoxylation plant China Performance Chemicals Air Liquide — air separation unit Secunda Energy, Base and Performance Chemicals — Refurbishment of equipment Secunda Mining Etame field development Gabon Exploration and Production International — Mine geographical expansions Secunda Mining Natref air quality compliance projects Sasolburg Energy Impumelelo Colliery to maintain Brandspruit Colliery operation Secunda Mining Coal tar filtration east and west project Secunda Energy, Base and Performance Chemicals Other capital commitments Various Various 11 369 12 719 60 095 69 927 * The LCCP capital commitment excludes the remaining contingency of US$216 million. During the year a misstatement was identified in the calculation of the LCCP capital cost estimate that was included in the capital commitment disclosure as at 30 June 2018. The misstatement related to the inaccurate estimation of the cost still to be incurred on the project. Accordingly, the capital commitments disclosure as at 30 June 2018 that were originally presented as R63 276 million has been revised by R6 651 million (US$484 million) to R69 927 million. Management concluded that the revision is not material to the financial statements. Accounting policies: Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Land is not depreciated. When plant and equipment comprises major components with different useful lives, these components are accounted for as separate items. Depreciation of mineral assets on producing oil and gas properties is based on the units-of-production method calculated using estimated proved developed reserves. Life-of-mine coal assets are depreciated using the units-of-production method and is based on proved and probable reserves assigned to that specific mine (accessible reserves) or complex which benefits from the utilisation of those assets. Other coal mining assets are depreciated on the straight-line method over their estimated useful lives. Depreciation of property acquisition costs, capitalised as part of mineral assets in property, plant and equipment, is based on the units-of-production method calculated using estimated proved reserves. Property, plant and equipment, other than mineral assets, is depreciated to its estimated residual value on a straight-line basis over its expected useful life. Areas of judgement: The depreciation methods, estimated remaining useful lives and residual values are reviewed at least annually. The estimation of the useful lives of property, plant and equipment is based on historic performance as well as expectations about future use and therefore requires a significant degree of judgement to be applied by management. The following depreciation rates apply in the group: Buildings and improvements 1 – 17%, units of production over life of related reserve base Retail convenience centres 3 – 5 % Plant 2 – 50 % Equipment 3 – 91 % Vehicles 5 – 33 % Mineral assets Units of production over life of related reserve base Life-of-mine coal assets Units of production over life of related reserve base

Assets under construction

Assets under construction	12 Months Ended
	Jun. 30, 2019
Assets under construction
Assets under construction	18 Assets under construction Property Other Exploration Total for the year ended 30 June Rm Rm Rm Rm Balance as at 30 June 2018 163 783 1 125 165 361 Additions 52 786 53 142 to sustain existing operations 21 739 — 21 984 to expand operations 31 047 31 158 Net reclassification from/(to) other assets ) — Finance costs capitalised 6 942 — — 6 942 Net impairment of assets under construction (3 973 ) — ) (4 007 ) Reclassification to disposal groups held for sale ) — — ) Projects capitalised (96 084 ) ) — (96 900 ) Translation of foreign operations 3 971 4 001 Disposals and scrapping* ) — — ) Balance at 30 June 2019 126 327 127 764 * Determining as to whether, and how much, cost incurred on a project is abnormal and needs to be scrapped, involves judgement. The factors considered by management include the scale and complexity of the project, the technology being applied and input from experts. Property Other Exploration Total for the year ended 30 June Rm Rm Rm Rm Balance as at 30 June 2017 129 124 1 245 130 734 Additions 51 871 52 806 to sustain existing operations 18 889 — 19 127 to expand operations 32 982 33 679 Net reclassification from/(to) other assets ) — Finance costs capitalised 3 568 — — 3 568 Net impairment of assets under construction (1 478 ) — ) (1 790 ) Reduction in rehabilitation provision capitalised (note 31) ) — ) ) Projects capitalised (25 315 ) ) — (25 769 ) Translation of foreign operations 7 464 ) 7 475 Disposals and scrapping (1 152 ) — ) (1 200 ) Balance at 30 June 2018 163 783 1 125 165 361 2019 2018 for the year ended 30 June Rm Rm Business segmentation  Mining 2 268 2 095  Exploration and Production International 7 426 6 457  Energy 7 698 5 993  Base Chemicals 60 927 75 648  Performance Chemicals 48 764 74 595  Group Functions Total operations 127 764 165 361 2019 2018 2017 for the year ended at 30 June Rm Rm Rm Additions to assets under construction (cash flow) Current year additions 53 142 52 806 60 312 Adjustments for non-cash items 1 410 ) ) cash flow hedge accounting — ) movement in environmental provisions capitalised ) ) ) movement in long-term debt ) — — LCCP investment incentives 1 960 — — Per the statement of cash flows* 54 552 52 635 59 892 2019 2018 Rm Rm Capital expenditure Projects to sustain operations comprise of: Secunda Synfuels Operations 10 315 8 608 Shutdown and major statutory maintenance 4 825 3 775 Renewals 1 880 1 481 Oxygen train 17 (Outside Battery Limits portion) Sixth fine ash dam (environmental) 1 417 1 353 Volatile organic compounds abatement programme (environmental) Coal tar filtration east project (safety) Other environmental related expenditure Other safety related expenditure Other sustain Mining (Secunda and Sasolburg) 2 894 3 720 Shondoni Colliery to maintain Middelbult Colliery operation Impumelelo Colliery to maintain Brandspruit Colliery operation Acquisition of mineral rights — Refurbishment of equipment Mine geographical expansion Other safety related expenditure Other sustain 1 023 Other (in various locations) 8 758 6 797 Expenditure related to environmental obligations Expenditure incurred relating to safety regulations Other sustain 7 885 5 912 Capital expenditure cash flow* 21 967 19 125 * Excludes finance costs capitalised to assets under construction. 2019 2018 Rm Rm Capital expenditure Projects to expand operations comprise of: Project location Business segment Lake Charles Chemicals Project United States Base and Performance Chemicals 30 289 30 100 China Ethoxylation plant China Performance Chemicals Canadian shale gas asset Canada Exploration and Production International High-density polyethylene plant United States Base Chemicals — Mozambique exploration and development Mozambique Exploration and Production International 1 002 Other projects to expand operations Various Various 1 445 1 644 Capital expenditure cash flow* 32 585 33 510 * Excludes finance costs capitalised to assets under construction. Project-related performance guarantees With the settlement of the LCCP term loan the completion guarantees and sureties issued in respect of the Lake Charles Chemicals Project have been discharged. Accounting policies: Assets under construction Assets under construction are non-current assets, which includes land and expenditure capitalised for work in progress in respect of activities to develop, expand or enhance items of property, plant and equipment, intangible assets and exploration assets. The cost of self-constructed assets includes expenditure on materials, direct labour and an allocated proportion of project overheads. Cost also includes the estimated costs of dismantling and removing the assets and site rehabilitation costs to the extent that they relate to the construction of the asset as well as gains or losses on qualifying cash flow hedges attributable to that asset. When regular major inspections are a condition of continuing to operate an item of property, plant and equipment, and plant shutdown costs will be incurred, an estimate of these shutdown costs are included in the carrying value of the asset at initial recognition. Land acquired, as well as costs capitalised for work in progress in respect of activities to develop, expand or enhance items of property, plant and equipment are classified as part of assets under construction. Finance expenses in respect of specific and general borrowings are capitalised against qualifying assets as part of assets under construction. Where funds are borrowed specifically for the purpose of acquiring or constructing a qualifying asset, the amount of finance expenses eligible for capitalisation on that asset is the actual finance expenses incurred on the borrowing during the period less any investment income on the temporary investment of those borrowings. Where funds are made available from general borrowings and used for the purpose of acquiring or constructing qualifying assets, the amount of finance expenses eligible for capitalisation is determined by applying a capitalisation rate to the expenditures on these assets. The capitalisation rate of 5,5% is calculated as the weighted average of the interest rates applicable to the borrowings of the group that are outstanding during the period, including borrowings made specifically for the purpose of obtaining qualifying assets once the specific qualifying asset is ready for its intended use. The amount of finance expenses capitalised will not exceed the amount of borrowing costs incurred. Exploration assets Exploration assets comprise capitalised expenditure relating to the exploration for and evaluation of mineral resources (coal, oil and gas). Mineral assets comprise capitalised expenditure relating to producing coal, oil and gas properties, including development costs and previously capitalised exploration assets. Oil and gas The successful efforts method is used to account for natural oil and gas exploration, evaluation and development activities. Property and licence acquisition costs as well as development cost, including expenditure incurred to drill and equip development wells on proved properties, are capitalised as part of assets under construction and transferred to mineral assets in property, plant and equipment when the assets begin producing. On completion of an exploratory well or exploratory-type stratigraphic test well, the entity will be able to determine if there are oil or gas resources. The classification of resources as proved reserves depends on whether development of the property is economically feasible and recoverable in the future, under existing economic and operating conditions, and if any major capital expenditure to develop the property as a result of sufficient quantities of additional proved reserves being identified is justifiable, approved and recoverable. The cost of exploratory wells, through which potential proved reserves may be or have been discovered and the associated exploration costs are capitalised as exploration and evaluation assets in assets under construction. These costs remain capitalised pending the evaluation of results and the determination of whether there are proved reserves. The following conditions must be met for these exploration costs to remain capitalised: · Sufficient progress is being made in assessing the oil and gas resources, including assessing the economic and operating viability with regards to developing the property. · It has been determined that sufficient oil and gas resources or reserves exist which are economically viable based on a range of technical and commercial considerations to justify the capital expenditure required for the completion of the well as a producing well, either individually or in conjunction with other wells. Progress in this regard is reassessed at each reporting date and is subject to technical, commercial and management review to ensure sufficient justification for the continued capitalisation of such qualifying exploration and evaluation expenditure as an exploration and evaluation asset as part of assets under construction. If both of the above conditions are not met or if information is obtained that raise substantial doubt about the economic or operating viability, the costs are charged to the income statement. Exploratory wells and exploratory-type stratigraphic test wells can remain suspended on the statement of financial position for several years while additional activity including studies, appraisal, drilling and/or seismic work on the potential oil and gas field is performed or while the optimum development plans and timing are established in the absence of impairment indicators. Coal mining Coal mining exploration and evaluation expenditure is charged to the income statement until completion of a final feasibility study supporting proved and probable coal reserves. Expenditure incurred subsequent to proved and probable coal reserves being identified is capitalised as exploration assets in assets under construction. Expenditure on producing mines or development properties is capitalised when excavation or drilling is incurred to extend reserves or further delineate existing proved and probable coal reserves. All development expenditure incurred after the commencement of production is capitalised to the extent that it gives rise to probable future economic benefits. A unit is considered to be produced once it has been removed from underground and taken to the surface, passed the bunker and has been transported by conveyor over the scale of the shaft head. The calculation is based on proved and probable reserves assigned to that specific mine (accessible reserves) or complex which benefits from the utilisation of those assets. Inaccessible reserves are excluded from the calculation.

Long-term receivables and prepa

Long-term receivables and prepaid expenses	12 Months Ended
	Jun. 30, 2019
Long-term receivables and prepaid expenses
Long-term receivables and prepaid expenses	19 Long-term receivables and prepaid expenses 2019 2018 for the year ended 30 June Rm Rm Total long-term receivables 6 007 3 921 Impairment of long-term receivables* ) ) Short-term portion ) ) 5 582 3 786 Long-term prepaid expenses 6 317 4 646 Comprising: Long-term receivables (interest-bearing) — joint operations 1 252 1 204 Long-term loans 2 370 2 582 LCCP investment incentives 1 960 — 5 582 3 786 *Impairment of long-term loans and receivables In 2019 long-term loans and receivables are considered for impairment under the expected credit loss model. Refer to note 40 for detail on the impairments recognised. In 2018 loans and receivables were considered for impairment under IAS 39.

Equity accounted investments

Equity accounted investments	12 Months Ended
	Jun. 30, 2019
Equity accounted investments.
Equity accounted investments	20 Equity accounted investments 2019 2018 for the year ended 30 June Rm Rm Amounts recognised in the statement of financial position: Investments in joint ventures and associates 9 866 10 991 2019 2018 for the year ended 30 June Rm Rm Business segmentation  Mining  Energy 9 449 9 667  Base Chemicals 1 164  Performance Chemicals  Group Functions Total carrying value of equity accounted investments 9 866 10 991 2019 2018 2017 for the year ended 30 June Rm Rm Rm Amounts recognised in the income statement: Share of profits of equity accounted investments, net of tax 1 074 1 443 1 071 share of profits 1 089 1 454 1 085 remeasurement items ) ) ) Amounts recognised in the statement of cash flows: Dividends received from equity accounted investments 1 506 1 702 1 539 There are no significant restrictions on the ability of the joint ventures or associate to transfer funds to Sasol Limited in the form of cash dividends or repayment of loans or advances. Impairment testing of equity accounted investments Based on impairment indicators at each reporting date, impairment tests in respect of investments in joint ventures and associates are performed. The recoverable amount of the investment is compared to the carrying amount, as described in note 9, to calculate the impairment. At 30 June, the group’s interest in equity accounted investments and the total carrying values were: Country of Interest 2019 2018 Name incorporation Nature of activities % Rm Rm Joint ventures ORYX GTL Limited Qatar GTL plant 8 239 8 179 Sasol Huntsman GmbH & co KG* Germany Manufacturing of chemical products — Sasol Dyno Nobel (Pty) Ltd South Africa Manufacturing and distribution of explosives Sasol Chevron Holdings Limited Bermuda Marketing of Escravos GTL products Associates Escravos GTL (EGTL)** Nigeria GTL plant 1 027 Other equity accounted investments Various Carrying value of investments 9 866 10 991 * The group’s investment in Sasol Huntsman GmbH & co KG has been classified as held for sale. Refer to note 11. ** Although the group holds less than 20% of the voting power of EGTL, the group has significant influence with regards to the management and technical support to the plant. Summarised financial information for the group’s share of equity accounted investments which are not material*** 2019 2018 for the year ended 30 June Rm Rm Operating profit (Loss)/profit before tax ) Taxation ) ) (Loss)/profit and total comprehensive income for the year ) *** The financial information provided represents the group’s share of the results of the equity accounted investments. 2019 2018 Capital commitments relating to equity accounted investments Rm Rm Capital commitments, excluding capitalised interest, include all projects for which specific board approval has been obtained up to the reporting date. Projects still under investigation for which specific board approvals have not yet been obtained are excluded from the following: Authorised and contracted for Authorised but not yet contracted for 1 100 Less: expenditure to the end of year ) ) 1 283 Areas of judgement: Joint ventures and associates are assessed for materiality in relation to the group using a number of factors such as investment value, strategic importance and monitoring by those charged with governance. ORYX GTL is considered to be material as it is closely monitored and reported on to the decision makers and is considered to be a strategically material investment. Summarised financial information for the group’s material equity accounted investments In accordance with the group’s accounting policy, the results of joint ventures and associates are equity accounted. The information provided below represents the group’s material joint venture. The financial information presented includes the full financial position and results of the joint venture and includes intercompany transactions and balances. Joint venture ORYX GTL Limited 2019 2018 for the year ended 30 June Rm Rm Summarised statement of financial position Non-current assets 11 964 12 202 Current assets 6 722 6 640 Total assets 18 686 18 842 Other non-current liabilities Deferred tax liability ) Other current liabilities 1 337 1 036 Tax payable Total liabilities 1 793 1 841 Net assets 16 893 17 001 Summarised income statement Turnover 9 977 10 159 Depreciation and amortisation (1 420 ) (1 190 ) Other operating expenses (5 039 ) (5 313 ) Operating profit before interest and tax 3 518 3 656 Finance income Finance cost ) ) Profit before tax 3 548 3 666 Taxation ) ) Profit and total comprehensive income for the year 2 941 3 038 The group’s share of profits of equity accounted investment 1 131 1 168 49% share of profit before tax 1 738 1 796 Taxation* ) ) Reconciliation of summarised financial information Net assets at the beginning of the year 17 001 15 334 Profit before tax for the year 3 548 3 666 Taxation* ) ) Foreign exchange differences Dividends paid (3 539 ) (2 210 ) Net assets at the end of the year 16 893 17 001 Additional Sasol specific liabilities* ) ) Adjusted net assets at the end of the period 16 814 16 692 Carrying value of equity accounted investment 8 239 8 179 * With effect from 29 April 2017, as a result of change in tax regulations, tax is levied only on Sasol’s share of profits at a rate of 35%. The year-end for ORYX GTL Limited is 31 December, however the group uses the financial information at 30 June. The carrying value of the investment represents the group’s interest in the net assets thereof. Contingent liabilities There were no contingent liabilities at 30 June 2019 relating to our joint ventures or associates. Accounting policies: The financial results of associates and joint ventures are included in the group’s results according to the equity method from acquisition date until the disposal date. Under the equity method, investments in associates and joint ventures are recognised initially at cost. Subsequent to the acquisition date, the group’s share of profits or losses of associates and joint ventures is charged to the income statement as equity accounted earnings and its share of movements in equity reserves is recognised as other comprehensive income or equity as appropriate. A joint venture is a joint arrangement in which the parties have joint control with rights to the net assets of the arrangement. An associate is an entity, other than a subsidiary, joint venture or joint operation, in which the group has significant influence, but no control or joint control, over financial and operating policies. Associates and joint ventures whose financial year-ends are within three months of 30 June are included in the consolidated financial statements using their most recently audited financial results. Adjustments are made to the associates’ and joint ventures financial results for material transactions and events in the intervening period.

Interest in joint operations

Interest in joint operations	12 Months Ended
	Jun. 30, 2019
Interest in joint operations
Interest in joint operations	21 Interest in joint operations At 30 June, the group’s interest in material joint operations were: % of equity owned 2019 2018 Name Country of incorporation Nature of activities Rm Rm Gemini HDPE LLC United States of America Manufactures high density polyethylene chemicals Sasol Canada Canada Development of shale gas reserves and production and marketing of shale gas Natref South Africa Refining of crude oil The information provided is Sasol’s share of joint operations (excluding unincorporated joint operations) and includes intercompany transactions and balances. Gemini Sasol Total Total HDPE LLC Canada Natref Other* 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Statement of financial position External non-current assets 4 462 1 180 3 531 1 685 10 858 13 055 External current assets 1 651 1 503 Intercompany current assets 1 146 Total assets 4 553 1 469 3 841 2 755 12 618 15 704 Shareholders’ equity 1 869 2 888 5 389 Long-term liabilities 2 480 1 155 2 887 1 479 8 001 7 710 Interest-bearing current liabilities — 1 408 Non-interest-bearing current liabilities Intercompany current liabilities — Total equity and liabilities 4 553 1 469 3 841 2 755 12 618 15 704 Income statement Turnover 2 061 1 394 4 135 3 660 Operating (loss)/profit ) (2 747 ) (2 323 ) (3 089 ) Other expenses ) ) ) ) ) ) Net (loss)/profit before tax ) (2 760 ) ) (2 767 ) (3 527 ) Taxation — — ) ) ) Attributable (loss)/profit ) (2 760 ) ) (2 829 ) (3 576 ) Statement of cash flows Cash flow from operations — 1 337 1 189 Movement in working capital ) ) ) Tax paid — — ) ) ) Other expenses ) — ) ) ) ) Cash available from operations ) 1 096 Dividends paid — — ) — ) ) Cash retained from operations ) Cash flow from investing activities ) ) ) ) ) ) Cash flow from financing activities ) ) ) 1 575 (Increase)/decrease in cash requirements ) ) ) (1 044 ) 1 848 * Includes Central Térmica de Ressano Garcia (CTRG) and Sasol Wilmar Alcohol Industries (Lianyungang) Co Ltd. The group has classified its investment in Sasol Wilmar Alcohol Industries (Lianyungang) Co Ltd as held for sale at 30 June 2019. Refer to note 11. At 30 June 2019, the group’s share of the total capital commitments of joint operations amounted to R1 080 million (2018 — R427 million).

Interest in significant operati

Interest in significant operating subsidiaries	12 Months Ended
	Jun. 30, 2019
Interest in significant operating subsidiaries
Interest in significant operating subsidiaries	22 Interest in significant operating subsidiaries Sasol Limited is the ultimate parent of the Sasol group of companies. Our wholly-owned subsidiary, Sasol Investment Company (Pty) Ltd, a company incorporated in the Republic of South Africa, holds primarily our interests in companies incorporated outside of South Africa. The following table presents each of the group’s significant subsidiaries (including direct and indirect holdings), the nature of activities, the percentage of shares of each subsidiary owned and the country of incorporation at 30 June. There are no significant restrictions on the ability of the group’s subsidiaries to transfer funds to Sasol Limited in the form of cash dividends or repayment of loans or advances. Country of % of equity owned Investment at cost (Rm)(1) Name incorporation Nature of activities 2019 2018 2019 2018 Significant operating subsidiaries Direct Sasol Mining Holdings (Pty) Ltd South Africa Holding company of the group’s mining interests 9 163 9 163 Sasol Technology (Pty) Ltd South Africa Engineering services, research and development and technology transfer Sasol Financing Ltd South Africa Management of cash resources, investments and procurement of loans (for South African operations) Sasol Investment Company (Pty) Ltd(2) South Africa Holding company for foreign investments 65 748 62 580 Sasol South Africa Ltd(3),(4) South Africa Integrated petrochemicals and energy company 32 320 28 066 Sasol Middle East and India (Pty) Ltd South Africa Develop and implement international GTL and CTL ventures 10 092 10 092 Sasol Africa (Pty) Ltd South Africa Exploration, development, production, marketing and distribution of natural oil and gas and associated products 8 069 8 069 Sasol Oil (Pty) Ltd South Africa Marketing of fuels and lubricants Sasol New Energy Holdings (Pty) Ltd South Africa Developing lower-carbon energy solutions (1) The cost of these investments represents the holding company’s investment in the subsidiaries, which eliminate on consolidation. (2) Increase relates to equity funding of the LCCP. (3) Increase relates to notional interest relating to Khanyisa transaction. (4) Sasol Khanyisa shareholders indirectly have an 18,4% shareholding in Sasol South Africa Limited. Once the Khanyisa funding is settled, the Sasol Khanyisa ordinary shares will be exchanged for Sasol BEE Ordinary (SOLBE1) shares listed on the empowerment segment of the JSE. Country of % of equity owned Name incorporation Nature of activities 2019 2018 Significant operating subsidiaries Indirect The Republic of Mozambique Pipeline Investment Company (Pty) Ltd (Rompco)* South Africa Owning and operating of the natural gas transmission pipeline between Temane in Mozambique and Secunda in South Africa for the transportation of natural gas produced in Mozambique to markets in Mozambique and South Africa Sasol Financing International Limited South Africa Management of cash resources, investment and procurement of loans (for our foreign operations) Sasol Germany GmbH Germany Production, marketing and distribution of chemical products Sasol Italy SpA Italy Trading and transportation of oil products, petrochemicals and chemical products and derivatives Sasol Mining (Pty) Ltd South Africa Coal mining activities Sasol Canada Holdings Limited Canada Exploration, development, production, marketing and distribution of natural oil and gas and associated products in Canada Sasol Chemicals (USA) LLC United States of America Production, marketing and distribution of chemical products Sasol Financing USA LLC United States of America Management of cash resources, investment and procurement of loans (for our North American operations) — * Through contractual arrangements Sasol exercises control over the relevant activities of Rompco. Our other interests in subsidiaries are not considered significant. Non-controlling interests The group has a number of subsidiaries with non-controlling interests, however none of them were material to the Statement of Financial position. Guarantees Sasol Limited has guaranteed the fulfilment of various subsidiaries’ obligations in terms of contractual agreements. The group has guaranteed the borrowing facilities and banking arrangements of certain of its subsidiaries. Areas of judgement: The disclosure of subsidiaries is based on materiality taking into account the contribution to turnover, assets of the group, and the way the business is managed and reported on. Control is obtained when Sasol is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through our power over the subsidiary. The financial results of all entities that have a functional currency different from the presentation currency of their parent entity are translated into the presentation currency. Income and expenditure transactions of foreign operations are translated at the average rate of exchange for the year except for significant individual transactions which are translated at the exchange rate ruling at that date. All assets and liabilities, including fair value adjustments and goodwill arising on acquisition, are translated at the rate of exchange ruling at the reporting date. Differences arising on translation are recognised as other comprehensive income and are included in the foreign currency translation reserve.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2019
Inventories
Inventories	23 Inventories 2019 2018 for the year ended 30 June Rm Rm Carrying value Crude oil and other raw materials 3 938 4 308 Process material 1 890 1 873 Maintenance materials 5 940 5 156 Work in progress 2 578 2 714 Manufactured products 15 087 15 070 Consignment inventory 29 646 29 364 Business segmentation  Mining 1 425 1 661  Exploration and Production International  Energy 7 826 7 680  Base Chemicals 7 684 7 427  Performance Chemicals 12 522 12 417  Group Functions Total operations 29 646 29 364 The impact of higher crude oil feedstock prices and lower sales prices for certain chemical products resulted in a net realisable value write-down of R371 million in 2019 (2018 — R234 million). Inventory of R3 113 million (2018 — R1 348 million) is held at net realisable value. No inventories were encumbered at 30 June 2019, (2018 — R4 099 million). Accounting policies: Inventories are stated at the lower of cost and net realisable value. Cost includes expenditure incurred in acquiring, manufacturing and transporting the inventory to its present location. Manufacturing costs include an allocated portion of production overheads which are directly attributable to the cost of manufacturing such inventory. The allocation is determined based on the greater of normal production capacity and actual production. The costs attributable to any inefficiencies in the production process are charged to the income statement as incurred. By-products are incidental to the manufacturing processes, are usually produced as a consequence of the main product stream, and are immaterial to the group. Revenue from sale of by-products is offset against the cost of the main products. Cost is determined as follows: Crude oil and other raw materials First-in-first-out valuation method (FIFO) Process, maintenance and other materials Weighted average purchase price Work-in-progress Manufacturing costs incurred Manufactured products including consignment inventory Manufacturing costs according to FIFO

Trade and other receivables

Trade and other receivables	12 Months Ended
	Jun. 30, 2019
Trade and other receivables
Trade and other receivables	24 Trade and other receivables 2019 2018* for the year ended 30 June Rm Rm Trade receivables 23 237 23 742 Other receivables** 2 760 3 231 Related party receivables — equity accounted investments Impairment of trade and other receivables ) ) Trade and other receivables 25 611 26 648 Duties recoverable from customers Prepaid expenses and other 1 425 Value added tax 1 075 1 652 28 578 29 729 * Comparative information is based on IAS 39. ** Other receivables include short-term portion of long-term receivables, receivables related to exploration activities, employee-related receivables and short-term deposits. Impairment of trade receivables Trade receivables are considered for impairment under the expected credit loss model. Trade receivables are impaired when there is no reasonable prospect that the customer will pay. Refer to note 40 for detail on the impairments recognised. No individual customer represents more than 10% of the group’s trade receivables. Fair value of trade receivables The carrying value approximates fair value because of the short period to maturity of these instruments. Collateral The group holds no collateral over the trade receivables which can be sold or pledged to a third party. Credit risk exposure in respect of trade receivables under IAS39 is analysed as follows: Carrying Impairment 2018 2018 for the year ended 30 June Rm Rm Age analysis of trade receivables Not past due date 21 611 Past due 0 – 30 days 1 477 Past due 31 – 150 days Past due 151 days – one year More than one year*** 23 742 *** More than one year relates to long outstanding balances for specific customers who have exceeded their contractual repayment terms. 2019 2018 Rm Rm Business segmentation  Mining  Exploration and Production International  Energy 10 357 11 487  Base Chemicals 7 603 7 022  Performance Chemicals 8 071 8 585  Group Functions 1 774 1 471 Total operations 28 578 29 729 Accounting policies: IFRS 9 applicable in 2019: Trade and other receivables are recognised initially at transaction price and subsequently stated at amortised cost using the effective interest rate method, less impairment losses. A simplified expected credit loss model is applied for recognition and measurement of impairments in trade receivables, where expected lifetime credit losses are recognised from initial recognition, with changes in loss allowances recognised in profit and loss. The group did not use a provisional matrix. Trade and other receivables are written off where there is no reasonable expectation of recovering amounts due. The trade receivables do not contain a significant financing component. IAS 39 applicable in 2018: Trade and other receivables are recognised initially at fair value and subsequently stated at amortised cost using the effective interest rate method, less impairment losses.

Trade and other payables

Trade and other payables	12 Months Ended
	Jun. 30, 2019
Trade and other payables.
Trade and other payables	25 Trade and other payables 2019 2018 for the year ended 30 June Rm Rm Trade payables 15 749 13 510 Capital project related payables 9 088 9 780 Accrued expenses 3 340 3 062 Related party payables third parties equity accounted investments Trade payables 28 501 26 518 Other payables* 6 282 6 188 Duties payable to revenue authorities 4 450 4 267 Value added tax 39 466 37 150 * Other payables includes employee-related payables. No individual vendor represents more than 10% of the group’s trade payables. Fair value of trade and other payables The carrying value approximates fair value because of the short period to settlement of these obligations. Accounting policies: Trade and other payables are initially recognised at fair value and subsequently stated at amortised cost. Capital project related payables are excluded from working capital, as the nature and risks of these payables are not considered to be aligned to operational trade payables.

Decrease_(increase) in working

Decrease/(increase) in working capital	12 Months Ended
	Jun. 30, 2019
Decrease/(increase) in working capital
Decrease/(increase) in working capital	26 Decrease/(increase) in working capital 2019 2018 2017 Rm Rm Rm Increase in inventories ) (3 413 ) (3 214 ) Decrease/(increase) in trade receivables (2 789 ) ) Increase in trade payables 3 202 2 441 1 393 Decrease/(increase) in working capital 2 410 (3 761 ) (2 167 )

Cash and Cash equivalents

Cash and Cash equivalents	12 Months Ended
	Jun. 30, 2019
Cash and Cash equivalents.
Cash and cash equivalents	27 Cash and cash equivalents 2019 2018 for the year ended 30 June Rm Rm Cash and cash equivalents 15 877 17 128 Bank overdraft ) ) Per the statement of cash flows 15 819 17 039 Cash by currency Rand 4 179 3 982 Euro 2 080 2 855 US Dollar 7 992 9 040 Other currencies 1 568 1 162 15 819 17 039 Included in cash and cash equivalents: Cash held in trust that is restricted for use and held in escrow. Includes R432 million (2018 – R408 million) for the rehabilitation of various sites and R288 million (2018 – R170 million) in various other trusts in the group. Cash in respect of joint operations can only be utilised for the business activities of the joint operations. This includes Sasol’s interests in the power plant in Mozambique R322 million (2018 – R542 million), the high-density polyethylene (HDPE) plant in North America of R35 million (2018 – R38 million) and R227 million (2018 – R389 million) relating to exploration and other ventures. Other cash restricted for use of R1 176 million (2018 – R433 million) includes deposits for future abandonment site obligations and decommissioning of pipelines, as well as cash deposits serving as collateral for bank guarantees. Fair value of cash and cash equivalents The carrying value of cash and cash equivalents approximates fair value due to the short-term maturity of these instruments. Accounting policies: Cash and cash equivalents comprises cash on hand, cash restricted for use, bank overdraft, demand deposits and other short-term highly liquid investments with a maturity period of three months or less at date of purchase. Cash and cash equivalents are stated at carrying amount which is deemed to be fair value. Bank overdrafts are offset against cash and cash equivalents in the statement of cash flows. Cash restricted for use comprises cash and cash equivalents which are not available for general use by the group, including amounts held in escrow, trust or other separate bank accounts.

Cash generated by operating act

Cash generated by operating activities	12 Months Ended
	Jun. 30, 2019
Cash generated by operating activities
Cash generated by operating activities	28 Cash generated by operating activities 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Cash flow from operations 48 988 46 638 46 236 Decrease/(increase) in working capital 2 410 (3 761 ) (2 167 ) 51 398 42 877 44 069

Cash flow from operations

Cash flow from operations	12 Months Ended
	Jun. 30, 2019
Cash flow from operations
Cash flow from operations	29 Cash flow from operations Earnings before interest and tax (EBIT) 9 697 17 747 31 705 Adjusted for share of profits of equity accounted investments (1 074 ) (1 443 ) (1 071 ) equity-settled share-based payment 1 659 3 776 depreciation and amortisation 17 968 16 425 16 204 effect of remeasurement items 18 645 9 901 1 616 movement in long-term provisions income statement charge ) utilisation (1 099 ) ) ) movement in short-term provisions ) ) movement in post-retirement benefits ) translation effects ) ) ) write-down of inventories to net realisable value movement in financial assets and liabilities 2 415 (3 120 ) movement in other receivables and payables ) other non-cash movements ) 48 988 46 638 46 236

Dividends paid

Dividends paid	12 Months Ended
	Jun. 30, 2019
Dividends paid
Dividends paid	30 Dividends paid Final dividend — prior year 6 269 4 842 5 650 Interim dividend — current year 3 683 3 110 2 978 9 952 7 952 8 628 Forecast cash flow on final dividend — current year — 4 898 4 844

Long-term provisions

Long-term provisions	12 Months Ended
	Jun. 30, 2019
Long-term provisions
Long-term provisions	31 Long-term provisions Environmental Share- Other Total for the year ended 30 June Rm Rm Rm Rm 2019 Balance at beginning of year 14 933 1 101 1 693 17 727 Capitalised in property, plant and equipment and assets under construction** 1 925 — — 1 925 Reduction in rehabilitation provision capitalised ) — — ) Transfer to held for sale liabilities*** ) — ) ) Per the income statement 1 095 ) ) additional provisions and changes to existing provisions ) reversal of unutilised amounts ) — ) ) effect of change in discount rate — — Notional interest — Utilised during year (cash flow) ) ) ) (1 099 ) Foreign exchange differences recognised in income statement — Translation of foreign operations — Balance at end of year 18 742 19 960 Long-term provisions Environmental Share- Other Total for the year ended 30 June Rm Rm Rm Rm 2018 Balance at beginning of year 15 716 2 178 18 779 Capitalised in property, plant and equipment and assets under construction — — Reduction in rehabilitation provision capitalised**** (1 433 ) — — (1 433 ) Per the income statement ) ) ) additional provisions and changes to existing provisions ) reversal of unutilised amounts ) — — ) effect of change in discount rate ) — — ) Notional interest — Utilised during year (cash flow) ) ) ) ) Foreign exchange differences recognised in income statement ) Translation of foreign operations ) Balance at end of year 14 933 1 101 1 693 17 727 * Refer note 34 for accounting policies and areas of judgement used in calculating the share-based payment provision (cash settled). ** Increase in rehabilitation capitalised in 2019 relates to a reassessment of our provision based on discount rates and cost estimates. *** Relates to rehabilitation provisions of the explosives business classified as held for sale, refer note 11. **** Reduction in rehabilitation capitalised in 2018 relates to a reassessment of our provision based on legislation changes, discount rates and new rehabilitation methods which resulted in a reduction of R1,4 billion. 2019 2018 for the year ended 30 June Note Rm Rm Expected timing of future cash flows Within one year 2 338 2 567 One to five years 3 291 3 715 More than five years 14 331 11 445 19 960 17 727 Short-term portion (2 338 ) (2 567 ) Long-term provisions 17 622 15 160 Estimated undiscounted obligation 101 100 102 952 Business segmentation  Mining 1 439 1 324  Exploration and Production International 6 779 5 677  Energy 3 427 2 909  Base Chemicals 3 919 3 321  Performance Chemicals 2 038 1 909  Group Functions Total operations 17 622 15 160 Environmental provisions In accordance with the group’s published environmental policy and applicable legislation, a provision for rehabilitation is recognised when the obligation arises, representing the estimated actual cash flows in the period in which the obligation is settled. The environmental obligation includes estimated costs for the rehabilitation of coal mining, oil, gas and petrochemical sites. The amount provided is calculated based on currently available facts and applicable legislation. The total environmental provision at 30 June 2019 amounted to R18 742 million (2018 – R14 933 million). In line with the requirements of the legislation of South Africa, the utilisation of certain investments is restricted for mining rehabilitation purposes. These investments amounted to R667 million (2018 – R649 million). In addition, indemnities of R2 155 million (2018 – R2 066 million) are in place. The following risk-free rates were used to discount the estimated cash flows based on the underlying currency and time duration of the obligation. 2019 2018 for the year ended 30 June % % South Africa 6,9 to 8,7 7,3 to 9,2 Europe 0,0 to 0,7 0,0 to 1,5 United States of America 1,7 to 2,3 2,6 to 3,0 Canada 1,7 to 2,2 2,0 to 2,7 2019 2018 for the year ended 30 June Rm Rm A 1% point change in the discount rate would have the following effect on the long-term provisions recognised Increase in the discount rate (3 351 ) (2 726 ) amount capitalised to property, plant and equipment (1 930 ) (1 434 ) income recognised in income statement (1 421 ) (1 292 ) Decrease in the discount rate 4 540 3 786 amount capitalised to property, plant and equipment 2 622 2 058 expense recognised in income statement 1 918 1 728

Short-term provisions

Short-term provisions	12 Months Ended
	Jun. 30, 2019
Short-term provisions
Short-term provisions	32 Short-term provisions 2019 2018 for the year ended 30 June Note Rm Rm Other provisions Short-term portion of long-term provisions 2 338 2 567 post-retirement benefit obligations 3 289 3 508 Accounting policies: Long-term provisions are determined by discounting the expected future cash flows using a pre-tax discount rate to their present value. The increase in discounted long-term provisions as a result of the passage of time is recognised as a finance expense in the income statement. Estimated long-term environmental provisions, comprising pollution control, rehabilitation and mine closure, are based on the group’s environmental policy taking into account current technological, environmental and regulatory requirements. The provision for rehabilitation is recognised as and when the environmental liability arises. To the extent that the obligations relate to the construction of an asset, they are capitalised as part of the cost of those assets. The effect of subsequent changes to assumptions in estimating an obligation for which the provision was recognised as part of the cost of the asset is adjusted against the asset. Any subsequent changes to an obligation which did not relate to the initial construction of a related asset are charged to the income statement. The estimated present value of future decommissioning costs, taking into account current environmental and regulatory requirements, is capitalised as part of property, plant and equipment, to the extent that they relate to the construction of the asset, and the related provisions are raised. These estimates are reviewed at least annually. Deferred tax is recognised on the temporary differences in relation to both the asset to which the obligation relates to and rehabilitation provision. Termination benefits are recognised as a liability at the earlier of the date of recognition of restructuring costs or when the group is demonstrably committed, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy. In the case of an offer to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Benefits that are expected to be wholly settled more than 12 months after the end of the reporting period are discounted to their present value. Areas of judgement: The determination of long-term provisions, in particular environmental provisions, remains a key area where management’s judgement is required. Estimating the future cost of these obligations is complex and requires management to make estimates and judgements because most of the obligations will only be fulfilled in the future and contracts and laws are often not clear regarding what is required. The resulting provisions could also be influenced by changing technologies and political, environmental, safety, business and statutory considerations as well as the period in which it will be settled. It is envisaged that, based on the current information available, any additional liability in excess of the amounts provided will not have a material adverse effect on the group’s financial position, liquidity or cash flow.

Post-retirement benefit obligat

Post-retirement benefit obligations	12 Months Ended
	Jun. 30, 2019
Post-retirement benefit obligations
Post-retirement benefit obligations	33 Post-retirement benefit obligations 2019 2018 for the year ended 30 June Note Rm Rm Post-retirement healthcare obligations South Africa 3 825 3 995 United States of America 4 093 4 243 Pension obligations Foreign — post-retirement benefit obligation 9 014 8 046 Less short-term portion of post-retirement pension and medical benefit obligations ) ) Total post-retirement benefit obligations 12 708 11 900 Pension assets South Africa — post-retirement benefit asset ) ) Foreign — post-retirement benefit asset ) ) Total post-retirement benefit assets (1 274 ) (1 498 ) Net pension obligations 7 740 6 548 The group provides post-retirement medical and pension benefits to certain of its retirees, principally in South Africa, Europe and the United States of America. Generally, medical coverage provides for a specified percentage of most medical expenses, subject to pre-set rules and maximum amounts. Pension benefits are payable in the form of retirement, disability and surviving dependent pensions. The medical benefits are unfunded. The pension benefits in South Africa are funded. In the United States of America certain of our Pension Funds are funded. The pension benefits in Europe are unfunded. Accounting policies: The group operates or contributes to defined contribution pension plans and defined benefit pension plans for its employees in certain of the countries in which it operates. These plans are generally funded through payments to trustee-administered funds as determined by annual actuarial calculations. Defined contribution pension plans are plans under which the group pays fixed contributions into a separate legal entity and has no legal or constructive obligation to pay further amounts. Contributions to defined contribution pension plans are charged to the income statement as an employee expense in the period in which the related services are rendered by the employee. The group’s net obligation in respect of defined benefit pension plans is actuarially calculated separately for each plan by deducting the fair value of plan assets from the gross obligation for post-retirement benefits. The gross obligation is determined by estimating the future benefit attributable to members in return for services rendered to date. This future benefit is discounted to determine its present value, using discount rates based on government bonds for South African obligations, and corporate bonds in Europe and the US, that have maturity dates approximating the terms of the group’s obligations and which are denominated in the currency in which the benefits are expected to be paid. Independent actuaries perform this calculation annually using the projected unit credit method. Defined contribution members employed before 2009 have an option to purchase a defined benefit pension with their member share. This option gives rise to actuarial risk, and as such, these members are accounted for as part of the defined benefit fund and are disclosed as such. Past service costs are charged to the income statement at the earlier of the following dates: · when the plan amendment or curtailment occurs; and · when the group recognises related restructuring costs or termination benefits. Actuarial gains and losses arising from experience adjustments and changes to actuarial assumptions, the return on plan assets (excluding amounts included in net interest on the defined benefit liability/(asset)) and any changes in the effect of the asset ceiling (excluding amounts included in net interest on the defined benefit liability/(asset)) are remeasurements that are recognised in other comprehensive income in the period in which they arise. Where the plan assets exceed the gross obligation, the asset recognised is limited to the lower of the surplus in the defined benefit plan and the asset ceiling, determined using a discount rate based on government bonds. Surpluses and deficits in the various plans are not offset. The entitlement to healthcare benefits is usually based on the employee remaining in service up to retirement age and the completion of a minimum service period. The expected costs of these benefits are accrued on a systematic basis over the expected remaining period of employment, using the accounting methodology described in respect of defined benefit pension plans above. Independent actuaries perform the calculation of this obligation annually. Healthcare benefits Pension benefits Last actuarial valuation — South Africa 31 March 2019 31 March 2019 Last actuarial valuation — United States of America 30 June 2019 30 June 2019 Last actuarial valuation — Europe n/a 1 April 2019 Full/interim valuation Full Full Valuation method adopted Projected unit credit Projected unit credit The plans have been assessed by the actuaries and have been found to be in sound financial positions. Principal actuarial assumptions Weighted average assumptions used in performing actuarial valuations determined in consultation with independent actuaries. South Africa United States of America Europe 2019 2018 2019 2018 2019 2018 at valuation date % % % % % % Healthcare cost inflation initial * * n/a n/a ultimate * * n/a n/a Discount rate — post-retirement medical benefits n/a n/a Discount rate — pension benefits Pension increase assumption n/a ** n/a ** Average salary increases + + Weighted average duration of the obligation — post-retirement medical obligation 15 years 15 years 9 years 9 years n/a n/a Weighted average duration of the obligation — pension obligation 13 years 13 years 13 years 13 years 18 years 17 years Assumptions regarding future mortality are based on published statistics and mortality tables. * The healthcare cost inflation rate in respect of the plans for the United States of America is capped. All additional future increases due to the healthcare cost inflation will be borne by the participants. ** There are no automatic pension increases for the United States of America pension plan. + Salary increases are linked to inflation. 33.1 Post-retirement healthcare obligations Reconciliation of projected benefit obligation to the amount recognised in the statement of financial position South Africa United States of America Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Projected benefit obligation 3 825 3 995 4 093 4 243 Less short-term portion ) ) ) ) ) ) Non-current post-retirement healthcare obligation 3 647 3 818 3 895 4 046 Reconciliation of the total post-retirement healthcare obligation recognised in the statement of financial position South Africa United States of America Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Total post-retirement healthcare obligation at beginning of year 3 995 3 921 4 243 4 163 Movements recognised in the income statement: current service cost interest cost curtailments and settlements ) ) — — ) ) Actuarial (gains)/losses recognised in other comprehensive income: ) ) ) ) ) arising from changes in financial assumptions ) ) ) ) ) arising from changes in actuarial experience ) ) ) ) Benefits paid ) ) ) ) ) ) Translation of foreign operations — — Total post-retirement healthcare obligation at end of year 3 825 3 995 4 093 4 243 Sensitivity analysis The sensitivity analysis is performed in order to assess how the post-retirement healthcare obligation would be affected by changes in the actuarial assumptions underpinning the calculation. South Africa United States of America 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm 1% point change in actuarial assumptions: Increase in the healthcare cost inflation — * — * Decrease in the healthcare cost inflation ) ) — * — * Increase in the discount rate ) ) ) ) Decrease in the discount rate * A change in the healthcare cost inflation for the United States of America will not have an effect on the above components or the obligation as the employer’s cost is capped and all future increases due to the healthcare cost inflation are borne by the participants. A change in the pension increase assumption will not have an effect on the above obligation. In South Africa the post-retirement benefit contributions are linked to medical aid inflation and based on a percentage of income or pension. Where pension increases differ from medical aid inflation, the difference will be need to be allowed for in a change in the percentage of income or pension charged. The are no automatic pension increase for the United states pension plan. The sensitivities may not be representative of the actual change in the post-retirement healthcare obligation, as it is unlikely that the changes would occur in isolation of one another, and some of the assumptions may be correlated. Healthcare cost inflation risk Healthcare cost inflation is CPI inflation plus two percentage points over the long term. An increase in healthcare cost inflation will increase the obligation of the plan. Discount rate risk The discount rate is derived from prevailing bond yields. A decrease in the discount rate will increase the obligation of the plan. Pension increase risk The South African healthcare plan is linked to pension benefits paid, which are to some extent linked to inflation. Accordingly, increased inflation levels represent a risk that could increase the cost of paying the funds committed to benefits. Other Changes in other assumptions used could also affect the measured liabilities. There is also a regulatory risk as well as foreign funds under the jurisdiction of other countries. To the extent that governments can change the regulatory frameworks, there may be a risk that minimum benefits or minimum pension increases may be instituted, increasing the associated cost for the fund. 33.2 Pension benefits South African operations Background In 1994, all members were given the choice to voluntarily transfer to the newly established defined contribution section of the pension fund and approximately 99% of contributing members chose to transfer to the defined contribution section. Defined benefit option for defined contribution members In terms of the rules of the fund, on retirement, employees employed before 1 January 2009 have an option to purchase a defined benefit pension with their member share. Should a member elect this option, the group is exposed to actuarial risk. In terms of IAS 19, the classification requirements stipulate that where an employer is exposed to any actuarial risk, the fund must be classified as a defined benefit plan. Fund assets The assets of the fund are held separately from those of the company in a trustee administered fund, registered in terms of the South African Pension Funds Act, 1956. Included in the fund assets at 31 March 2019 are 1 681 008 (2018 – 1 678 808) Sasol ordinary shares valued at R589 million (2018 – R844 million) at year-end purchased under terms of an approved investment strategy, and property valued at R1 561 million (2018 – R1 543 million) that is currently occupied by Sasol. Membership A significant number of employees are covered by union sponsored, collectively bargained, and in some cases, multi-employer defined contribution pension plans. Information from the administrators of these plans offering defined benefits is not sufficient to permit the company to determine its share, if any, of any unfunded vested benefits. Pension fund assets The assets of the pension funds are invested as follows: South Africa United States of America 2019 2018 2019 2018 at 30 June % % % % Equities resources industrials consumer discretionary consumer staples healthcare information technologies telecommunications financials (ex real estate) Fixed interest Direct property Listed property — — Cash and cash equivalents — — Third party managed assets — — Other — — Total The pension fund assets are measured at fair value at valuation date. The fair value of equity has been calculated by reference to quoted prices in an active market. The fair value of property and other assets has been determined by performing market valuations and using other valuation techniques at the end of each reporting period. Investment strategy The trustees target the plans’ asset allocation within the following ranges within each asset class: South Africa(1) United States of America Minimum Maximum Minimum Maximum Asset classes % % % % Equities local — foreign — Fixed interest — Property — Other — — (1) Members of the defined contribution scheme have a choice of four investment portfolios. The targeted allocation disclosed represents the moderate balanced investment portfolio which the majority of the members of the scheme have adopted. The total assets of the fund under these investment portfolios are R139 million, R52 080 million, R791 million and R1 034 million for the low risk portfolio, moderate balanced portfolio, aggressive balanced portfolio and money market portfolio, respectively. Defined benefit members’ funds are invested in the moderate balanced portfolio. The money market portfolio is restricted to active members from age 55. The trustees of the respective funds monitor investment performance and portfolio characteristics on a regular basis to ensure that managers are meeting expectations with respect to their investment approach. There are restrictions and controls placed on managers in this regard. Reconciliation of the projected net pension liability/(asset) recognised in the statement of financial position South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Projected benefit obligation (funded) 51 241 47 285 3 697 3 105 54 938 50 390 defined benefit portion 21 550 19 970 3 697 3 105 25 247 23 075 defined benefit option for defined contribution members 29 691 27 315 — — 29 691 27 315 Plan assets (54 115 ) (50 128 ) (4 270 ) (3 890 ) (58 385 ) (54 018 ) defined benefit portion (24 254 ) (22 502 ) (4 270 ) (3 890 ) (28 524 ) (26 392 ) defined benefit option for defined contribution members (29 861 ) (27 626 ) — — (29 861 ) (27 626 ) Projected benefit obligation (unfunded) — — 8 868 7 915 8 868 7 915 Asset not recognised due to asset limitation 2 319 2 261 — — 2 319 2 261 Net liability/(asset) recognised ) ) 8 295 7 130 7 740 6 548 The increase of R58 million in the asset limitation (2018 – R1 051 million) was recognised as a gain in other comprehensive income. South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Pension asset ) ) ) ) (1 274 ) (1 498 ) Pension benefit obligation — — 9 014 8 046 9 014 8 046 long-term portion — — 8 813 7 854 8 813 7 854 short-term portion — — Net liability/(asset) ) ) 8 295 7 130 7 740 6 548 The obligation which arises for the defined contribution members with the option to purchase into the defined benefit fund is limited to the assets that they have accumulated until retirement date. However, after retirement date, there is actuarial risk associated with the members as full defined benefit members. Based on the latest actuarial valuation of the fund and the approval of the trustees of the surplus allocation, the company has an unconditional entitlement to only the funds in the employer surplus account and the contribution reserve. The estimated surplus due to the company amounted to approximately R1 274 million (2018 – R1 498 million) and has been included in the pension asset recognised in the current year. Investment risk The actuarial valuation assumes certain asset returns on invested assets. If actual returns on plan assets are below the assumption, this may lead to a strain on the fund, which, over time, may lead to a plan deficit. In order to mitigate the concentration risk, the fund assets are invested across equity securities, property securities and debt securities. Given the long-term nature of the obligations, it is considered appropriate that investment is made in equities and real estate to improve the return generated by the fund. These may result in improved pension benefits to members. Pension increase risk Benefits in these plans are to some extent linked to inflation so increased inflation levels represent a risk that could increase the cost of paying the funds committed to benefits. This risk is mitigated as pension benefits are subject to affordability. Discount rate risk The discount rate is derived from prevailing bond yields. A decrease in the discount rate used will increase the obligation of the plan. Other Changes in other assumptions used could also affect the measured liabilities. There is also a regulatory risk as well as foreign funds under the jurisdiction of other countries. To the extent that governments can change the regulatory frameworks, there may be a risk that minimum benefits or minimum pension increases may be instituted, increasing the associated cost for the fund. Reconciliation of projected benefit obligation South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Projected benefit obligation at beginning of year 47 285 46 508 11 020 9 774 58 305 56 282 Movements recognised in income statement: 5 694 5 678 6 371 6 274 current service cost 1 042 1 028 1 496 1 414 curtailments and settlements — ) — ) — interest cost 4 649 4 650 4 886 4 860 Actuarial (gains)/losses recognised in other comprehensive income: (2 950 ) 1 098 1 360 (2 488 ) arising from changes in demographic assumptions — — ) ) arising from changes in financial assumptions (2 950 ) 1 059 1 233 (2 638 ) arising from change in actuarial experience — Member contributions — — Benefits paid (2 482 ) (2 398 ) ) ) (2 760 ) (2 875 ) Transferred to held for sale assets — — — ) — ) Translation of foreign operations — — Projected benefit obligation at end of year 51 241 47 285 12 565 11 020 63 806 58 305 unfunded obligation* — — 8 868 7 915 8 868 7 915 funded obligation 51 241 47 285 3 697 3 105 54 938 50 390 * Certain of the foreign defined benefit plans have reimbursement rights under contractually agreed legal binding terms that match the amount and timing of some of the benefits payable under the plan. This reimbursive right has been recognised in long-term receivables at fair value (2019 – R217 million; 2018 – R305 million). A decrease of R83 million (2018 — decrease of R1 million) has been recognised as a loss in other comprehensive income in respect of the reimbursive right. Reconciliation of plan assets of funded obligation South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Fair value of plan assets at beginning of year 50 128 48 340 3 890 2 514 54 018 50 854 Movements recognised in income statement: 4 702 4 707 4 815 4 774 interest income 4 927 4 829 5 040 4 896 interest on asset limitation ) ) — — ) ) Actuarial gains/(losses) recognised in other comprehensive income: (1 959 ) (1 779 ) arising from return on plan assets (1 959 ) (1 779 ) (excluding interest income) Plan participant contributions* — — Employer contributions* + 1 056 1 233 1 062 2 224 Benefit payments (2 482 ) (2 398 ) ) ) (2 603 ) (2 712 ) Translation of foreign operations — — Fair value of plan assets at end of year 54 115 50 128 4 270 3 890 58 385 54 018 Actual return on plan assets 4 931 2 748 5 329 2 995 * Contributions, for the defined contribution section, are paid by the members and Sasol at fixed rates. + In 2018, in the United States of America there was a once-off payment R963 million (US$75 million) made by the employer to the fund. Contributions Funding is based on actuarially determined contributions. The following table sets forth the projected pension contributions of funded obligations for the 2019 financial year. South Africa Foreign Rm Rm Pension contributions 1 106 Sensitivity analysis A sensitivity analysis is performed in order to assess how the post-retirement pension obligation would be affected by changes in the actuarial assumptions underpinning the calculation. South Africa Foreign 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm 1% point change in actuarial assumptions Increase in average salaries increase assumption Decrease in average salaries increase assumption ) ) ) ) Increase in the discount rate (1 654 ) (1 447 ) (1 806 ) (1 634 ) Decrease in the discount rate 2 463 1 981 2 370 2 174 Increase in the pension increase assumption 2 541 2 035 1 142 * 1 071 * Decrease in the pension increase assumption (1 727 ) (1 523 ) ) * )* * This sensitivity analysis relates only to the Europe obligations as there are no automatic pension increases for the United States of America pension plan, and thus it is not one of the inputs utilised in calculating the obligation. The sensitivities may not be representative of the actual change in the post-retirement pension obligation, as it is unlikely that the changes would occur in isolation of one another, and some of the assumptions may be correlated.

Cash-settled share-based paymen

Cash-settled share-based payment provision	12 Months Ended
	Jun. 30, 2019
Cash-settled share-based payment provision
Cash-settled share-based payment provision	34 Cash-settled share-based payment provision 2019 2018 2017 for the year ended 30 June Rm Rm Rm During the year, the following cash-settled share-based payment expenses were recognised in the income statement (refer to note 35 for the equity-settled share-based payment disclosure): Share-based payment expense — movement in long-term provisions Sasol Share Appreciation Rights Scheme ) ) Share Appreciation Rights with no corporate performance targets (no-CPTs) ) ) Share Appreciation Rights with corporate performance targets (CPTs) ) ) Sasol Long-term Incentive Scheme(1) — — ) ) (1) On 25 November 2016, the cash-settled LTI scheme was converted to an equity-settled share-based payment scheme. Sasol’s share price decreased by 30% over the financial year to a closing price on 30 June 2019 of R350,21. This together with the volatility in the share price has resulted in a R440 million credit being recognised in the current year. Sasol Share Appreciation Rights Scheme (closed since 2013) 2019 2018 Total rights granted Number Number Share Appreciation Rights 4 928 846 7 118 321 The Share Appreciation Rights scheme (SARs) allows eligible senior employees to earn a long-term incentive amount calculated with reference to the increase in the Sasol Limited share price between the offer date of the SARs to the exercise of such vested rights. No shares are issued in terms of this scheme, all rights have vested and all amounts payable in terms of the scheme are settled in cash. The offer price of these appreciation rights equals the closing market price of the underlying shares on the trading day immediately preceding the granting of the right. The fair value of the cash-settled liability is calculated at each reporting date. On resignation SARs may be exercised at the employee’s election before their last day of service. On death, the deceased’s estate has a period of 12 months to exercise these rights. On retrenchment or retirement, the employee has a period of 12 months to exercise these rights. It is group policy that employees should not deal in Sasol Limited securities (and this is extended to the Sasol SARs) for the periods from 1 January for half year-end and 1 July for year-end until two days after publication of the results and at any other time during which they have access to price sensitive information. 2019 2018 SARs with SARs with Total SARs with SARs with Total for the year ended 30 June Rm Rm Rm Rm Rm Rm Per statement of financial position 1 003 1 101 Total intrinsic value of rights vested, but not yet exercised 1 085 2019 2018 SARs with SARs SARs with SARs Binomial Binomial Binomial Binomial Model tree tree tree tree Risk-free interest rate (%) 6,64 – 6,96 6,88 – 7,09 6,88 – 7,63 Expected volatility (%) Expected dividend yield (%) Expected forfeiture rate (%) * * * * All SARs have vested and therefore no forfeiture is applied. The risk-free rate for periods within the contractual term of the rights is based on the Rand swap curve in effect at the time of the valuation of the grant. The expected volatility in the value of the rights granted is determined using the historical volatility of the Sasol share price. The expected dividend yield of the rights granted is determined using expected dividend payments of the Sasol ordinary shares. The valuation of the share-based payment expense requires a significant degree of judgement to be applied by management. Accounting policies: The cash-settled schemes allow certain senior employees the right to participate in the performance of the Sasol Limited share price, in return for services rendered, through the payment of cash incentives which are based on the market price of the Sasol Limited share. All the rights have vested with a liability recognised at fair value, at each reporting date, in the statement of financial position until the date of settlement. Areas of judgement: Fair value is measured using the Binomial tree option pricing models where applicable. The expected life used in the models has been adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions and behavioural considerations such as volatility, dividend yield and maturity of the award.

Share-based payment reserve

Share-based payment reserve	12 Months Ended
	Jun. 30, 2019
Share-based payment reserve.
Share-based payment reserve	35 Share-based payment reserve 2019 2018 2017 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: Sasol Khanyisa share transaction(1) 2 953 Sasol ordinary BEE (SOLBE1) shares issued(2) — 1 104 Khanyisa Public — 1 762 Tier 1 — Khanyisa Employee Share Ownership Plan (ESOP) Tier 2 — Khanyisa ESOP Long-term incentives(3) Sasol Inzalo share transaction — Equity-settled — recognised directly in equity(4) 1 659 3 776 (1) In November 2017, Sasol Khanyisa a new Broad-Based Black Economic Empowerment (B-BBEE) scheme was approved by shareholders at a General Meeting. (2) IFRS2 expense was recognised immediately on date shares were granted to participants. Shares were not encumbered and could be traded immediately. (3) On 25 November 2016, the cash-settled LTI scheme was converted to an equity-settled share scheme. (4) The employee-related share-based payment expense in 2018 was R910 million. Accounting policies: To the extent that an entity grants shares or share options in a BEE transaction and the fair value of the cash and other assets received is less than the fair value of the shares or share options granted, such difference is charged to the income statement in the period in which the transaction becomes effective. Where the BEE transaction includes service conditions the difference will be charged to the income statement over the period of these service conditions. Trickle dividends paid to participants during the transaction term are taken into account in measuring the fair value of the award. As the funds to pay the trickle dividend are leaving the Company, a corresponding share of earnings will be allocated to the non controlling shareholders. There was one trickle dividend paid during the current year. 35.1 The Sasol Khanyisa share transaction Sasol Khanyisa was implemented effectively on 1 June 2018. Sasol Khanyisa has been designed to comply with the revised B-BBEE legislation in South Africa and seeks to ensure on-going and sustainable B-BBEE ownership credentials for Sasol Limited. Sasol Khanyisa contains a number of elements structured at both a Sasol Limited and at a subsidiary level, Sasol South Africa Limited (SSA) which is a wholly-owned subsidiary of Sasol Limited and houses the majority of the group’s South African operations. At the end of 10 years, or earlier if the underlying funding has been settled, the participants will exchange their SSA shareholding on a fair value-for-value basis for SOLBE1 shares to the extent of any value created during the transaction term. SOLBE1 shares can only be traded between Black Persons on the Empowerment Segment of the JSE. This transaction will therefore ensure evergreen B-BBEE ownership credentials for Sasol Limited. Remaining components of the transaction: Tier 1 — Khanyisa Employee Share Ownership Plan — Eligible Inzalo participants Former Inzalo Employee Scheme participants, who were still actively employed by Sasol during May 2018 were granted rights in SOL shares or SOLBE1 Shares, at no cost to them, to the value of R100 000, all of which will vest after a three year service period. Black employees were able to choose to receive the award in SOL or SOLBE1 shares, whilst employees who are not black people received an award in SOL shares, as SOLBE1 shares may only be held by qualifying black people. Employees will receive dividends on these shares throughout the 3 year vesting period. This award will be recognised on a straight line basis over the three year vesting period. An expense of R628 million was recognised in 2019 (2018 – R52 million). Sasol Khanyisa — SSA (Tier 2 and Khanyisa Public) The BEE participation in SSA comprises two groups of participants, being the external public participants (made up of Inzalo Groups, Inzalo Public and electing SOLBE1 shareholders) who participate via Khanyisa Public, and qualifying black employees who participate via the Khanyisa Employee Share Ownership plan (Khanyisa ESOP). Both Khanyisa Public and the Khanyisa ESOP have a beneficial interest, funded wholly by Sasol (vendor funding), in approximately 9,2% each in SSA. As dividends are declared by SSA, 97,5% of these will be utilised to repay the vendor funding, as well as the related financing cost, calculated at 75% of prime rate. 2,5% of dividends will be distributed to participants as a trickle dividend and accounted for as a non-controlling interest. At the end of the 10 year transaction term, or earlier, if the vendor funding is repaid, the net value in SSA shares will be exchanged for SOLBE1 shares on a fair value-for-value basis which will be distributed to participants. Any vendor funding not yet settled by the end of the transaction term will be settled using the SSA shares, and will reduce any distribution made to participants. Since any ultimate value created for participants will be granted in the form of SOLBE1 shares, the accounting for this transaction is similar to an option over Sasol shares granted for no consideration. Khanyisa ESOP (Tier 2) The employees have service conditions over the 10 year transaction term, and as such, the expense will be recognised over this period, with R324 million having been recognised in 2019 (2018 – R35 million). ESOP — Tier 1(1) ESOP — Tier 1(1) ESOP — Tier 2(1)(2)(3) Sasol Khanyisa for the year ended 30 June 2019 2019 2019 2019 Grant date Date 1 June 2018 1 June 2018 25 May 2018 1 June 2018 Class of shares SOL shares SOLBE1 shares Khanyisa shares Khanyisa shares Shares Number 2 082 520 2 396 048 26 503 642 26 503 642 Weighted average fair value on grant date Rand Total IFRS expense Rm 1 003 1 762 1 762 IFRS expense recognised for the year Rm — (1) The ESOP Tier 1 and 2 options outstanding have a weighted average remaining vesting period of 1,9 and 4,7 years. ESOP Tier 1 vests after 3 years and ESOP Tier 2 has a staggered vesting period, with portions vesting from 3 years, and then each year until the end of the transaction term, being 10 years. (2) The weighted average fair value price is derived from the Monte-Carlo option pricing model. The price will move closer to the strike price over the transaction period as certainty of dividends declared by SSA is expected to exceed outstanding vendor financing. (3) The estimated strike price value for Khanyisa Public and ESOP Tier 2 is R326,55 and represents the remaining vendor funding per share at 30 June 2019. The SSA Khanyisa share-based payment expense was calculated using an option pricing model reflective of the underlying characteristics of each part of the transaction. It was calculated using the following assumptions at grant date: Average fair value Sasol Khanyisa options granted 2018 Model Monte-Carlo Risk-free interest rate (%) Expected volatility (%) Expected dividend yield (%) 1,8 – 10,1 The risk-free rate for periods within the contractual term of the share rights is based on a zero-coupon Rand swap curve at the time of the grant. The expected volatility in the value of the share rights granted is determined using the historical volatility of the Sasol share price. The dividend yields of the share rights granted is determined using the expected term structure of dividend yields on the underlying equity value over the life of the transaction. The valuation of the share-based payment expense requires a significant degree of judgement to be applied by management. Areas of judgement: The measurement of the Khanyisa SSA share based payment is subject to estimation and judgment, as there are a number of variables affecting the Monte-Carlo option pricing model used in the calculation of the share based payment. The value of the share based payment is determined with reference to the extent the fair value of SSA and any dividends declared by SSA is expected to exceed any outstanding vendor financing at the end of the transaction period. · Equity value attributable to participants: The value attributable to the participants by virtue of their shareholding in SSA was calculated with reference to the expected future cash flows and budgets of the SSA Group. The underlying macroeconomic assumptions utilised for this valuation are based on latest forecast and estimates and include brent crude oil prices, US$/Rand exchange rates and pricing assumptions. · Forecasted dividend yield: The forecasted dividend yield of the SSA Group was calculated based on a benchmarked EBITDA multiple, and the available free cash flow anticipated over the term of the transaction of 10 years. · Other assumptions: Impacts of non-transferability and appropriate minority and liquidity discounts have also been taken into account. Discount rates applied incorporate the relevant debt and equity costs of the group, and are aligned to the WACC rates for the entity. · A zero-coupon Rand interest rate swap curve was constructed and utilised as an appropriate representation of a risk-free interest rate curve. · A Rand prime interest rate curve was estimated utilising the historical Rand Prime Index and the 3 month Johannesburg Interbank Agreed Rate. 35.2 Sasol Long-term Incentive Scheme During September 2009, the group introduced the Sasol Long-term Incentive scheme (LTI). The objective of the LTI scheme is to provide qualifying employees the opportunity of receiving an incentive linked to the value of Sasol Limited ordinary shares and to align the interest of employees with the interest of shareholders. The LTI scheme allows certain senior employees to earn a long-term incentive amount linked to certain Corporate Performance Targets (CPTs). Allocations of the LTI are linked to the performance of both the group and the individual. The employer companies make a cash contribution to an independent service provider to enable this ownership plan. On resignation, LTIs which have not yet vested will lapse. On death, retirement and retrenchment, the LTIs vest immediately, calculated to the extent that the CPTs are anticipated to be met, and are settled within 40 days from the date of termination. Accelerated vesting does not apply to top management. In November 2016, the scheme was converted from cash-settled to equity-settled. All the vesting conditions and all other terms and conditions of the scheme remain the same, including the standard vesting period of three years, with the exception of top management, who have a three and five year vesting period for 50% of the awards respectively. The maximum number of shares issued under the equity-settled LTI scheme may not exceed 32,5 million representing 5% of Sasol Limited’s issued share capital at the time of approval. Movements in the number of incentives outstanding Number of Weighted average Balance at 30 June 2017 6 198 589 LTIs granted 2 626 268 LTIs vested (1 868 963 ) Effect of CPTs and LTIs forfeited (159 406 ) Balance at 30 June 2018 6 796 488 LTIs granted 2 089 674 LTIs vested (1 600 899 ) Effect of CPTs and LTIs forfeited (665 666 ) Balance at 30 June 2019* 6 619 597 * The incentives outstanding as at 30 June 2019 have a weighted average remaining vesting period of 1,4 years. The exercise price of these options is Rnil. 2019 2018 for year ended 30 June Rand Rand Average weighted market price of LTIs vested Average fair value of incentives granted 2019 2018 Model Monte-Carlo Monte-Carlo Risk-free interest rate — Rand (%) 6,90 – 7,87 6,98 – 7,34 Risk-free interest rate — US$ (%) 0,91 – 1,56 1,01 – 1,47 Expected volatility (%) Expected dividend yield (%) Expected forfeiture rate (%) Vesting period — top management 3/5 years 3/5 years Vesting period — all other participants 3 years 3 years The risk-free rate for periods within the contractual term of the rights is based on the Rand and US$ swap curve in effect at the time of the valuation of the grant. The expected volatility in the value of the rights granted is determined using the historical volatility of the Sasol share price. The expected dividend yield of the rights granted is determined using expected dividend payments of the Sasol ordinary shares. The valuation of the share-based payment expense requires a significant degree of judgement to be applied by management. Accounting policies: The equity-settled schemes allow certain employees the right to receive ordinary shares in Sasol Limited after a prescribed period. Such equity-settled share-based payments are measured at fair value at the date of the grant. The fair value determined at the grant date of the equity-settled share-based payments is charged as employee costs, with a corresponding increase in equity, on a straight-line basis over the period that the employees become unconditionally entitled to the shares, based on management’s estimate of the shares that will vest and adjusted for the effect of non-market-based vesting conditions. These equity-settled share-based payments are not subsequently revalued. 35.3 The Sasol Inzalo share transaction In September 2018 the Sasol Inzalo Public share transaction ended. Sasol repurchased 16 085 199 preferred ordinary shares from Sasol Inzalo Public Funding (RF) (Pty) Ltd at a purchase price for R542,11 per share. This repurchase enabled Sasol Inzalo Public Funding (RF) (Pty) Ltd to repay its external debt and declare a final distribution of R1,4 billion to participants. On 4 June 2018 the Sasol Inzalo Employee share transaction ended. Sasol repurchased 25 231 686 Sasol Limited (SOL) shares held by the Sasol Inzalo Employee and Management Trusts at a nominal value of R0,01 per share. Consequently the relevant vested participants in the Inzalo Employee Schemes received no distribution of SOL Shares. On 27 June 2018 the Sasol Inzalo Groups share transaction ended. Sasol repurchased 9 461 882 preferred ordinary shares from Sasol Inzalo Groups Funding (RF) (Pty) Ltd at a purchase price of R475,03 per share. This repurchase enabled Sasol Inzalo Groups Funding (RF) (Pty) Ltd to repay the external debt. No additional funds were available for distribution to Inzalo Groups participants. The Sasol Inzalo Foundation (renamed to the Sasol Foundation), remains as an unencumbered shareholder of 9 461 882 shares in Sasol Limited as the Board approved that the repurchase right would not be exercised, and there was no recovery of the financing owed to Sasol by the Foundation. The Sasol Foundation continues to be consolidated by the group, and these shares therefore remain accounted for as treasury shares.

Contingent Liabilities

Contingent Liabilities	12 Months Ended
	Jun. 30, 2019
Contingent liabilities
Contingent liabilities	36 Contingent liabilities 36.1 Litigation Claimed compensation for lung diseases — Sasol Mining (Pty) Ltd On 2 April 2015, 22 plaintiffs (at that time 1 current and 21 former employees) instituted action against Sasol Mining (Pty) Ltd at the High Court in Gauteng, South Africa, for allegedly having contracted lung diseases while working at its collieries. The plaintiffs inter alia allege that they were exposed to harmful quantities of coal dust while working underground for Sasol Mining and that the company failed to comply with various sections of the Mine Health and Safety Act, 1996. All of which the plaintiffs allege, increased the risk for workers to contract coal dust related lung diseases. This lawsuit is not a class action but rather 22 individual cases, each of which will be judged on its own merits. The plaintiffs seek compensation for damages relating to past and future medical costs and loss of income amounting to R82,5 million in total plus interest. Two plaintiffs have since passed away and their claims have been formally withdrawn. The total amount of the claims is R67,2 million plus interest. Sasol Mining is defending the claim. The merits of each single claim are not clear yet. There is also some uncertainty as to whether some of the claims have prescribed. Therefore it is not possible at this stage to make an estimate of the likelihood that the plaintiffs will succeed with their claim and if successful, what the quantum of damages would be that the court will award. Therefore, no provision has been raised at 30 June 2019. Construction disputes — Fischer Tropsch Wax Expansion Project in Sasolburg (FTWEP) After the conclusion of construction of FTWEP at the Sasol One site in Sasolburg, a number of contractual claims have been instituted by some contractors who were involved in the construction and project management relating to this project. Certain of these claims have already been resolved, either through settlement between the parties or through the contractual dispute resolution process. The Fluor SA (Pty) matter is still on-going. Fluor SA (Pty) Ltd — FTWEP Fluor claimed a total amount of R485,7 million plus interest. This dispute turns on the nature and quantification of Fluor’s alleged entitlement to a change to the prices and completion dates for delayed access. In June 2015, Fluor referred the claim to adjudication. In September 2015, the adjudicator rejected Fluor’s entire claim. Thereafter, Fluor notified Sasol of its dissatisfaction with the outcome of the adjudication and Fluor’s intention to refer the matter to arbitration. The arbitration process commenced with Fluor filing its statement of claim during December 2016. Sasol filed two objections against the statement of claim which had the potential to dispose of the arbitration proceedings. The arbitrator, however, did not decide in favour of Sasol on the objection applications and dismissed the application with costs. The objections will still be raised as a special jurisdictional plea and will be filed with Sasol’s statement of defence during the arbitration process. Fluor subsequently amended its claim, inter alia, by reducing the amount claimed from R485,7 million to R448 million excluding interest. On the 12th of March 2019 Fluor filed and served a further amendment to its statement of claim and an amended expert report in terms of which a further reduction in the quantum is being claimed. Fluor now claims an amount of R383,8 million (alternatively the amount of R406,6 million based on an alternative assessment of its claim). The amendment by Fluor resulted in the arbitration being postponed as Sasol’s experts will be required to deal with the revised expert report and we will be required to file an amendment to our statement of defence. The hearing of the matter is now only anticipated to commence in March 2020. Sasol believes that Fluor’s original claim, including the amended claims are not justified. Accordingly, no provision was recognised at 30 June 2019. Wetback Contracts (Pty) Ltd — FTWEP The dispute regarding Wetback Contracts (Pty) Ltd was concluded during the year. Legal review of Sasol Gas National Energy Regulator of South Africa (NERSA) maximum price decision and NERSA gas transmission tariff application (March 2013) In October 2013, following the March 2013 decisions by NERSA (pursuant to the applications by Sasol Gas), seven of the customers of Sasol Gas (“customers”) brought a legal review application requesting the setting aside of the maximum price methodology used by NERSA in evaluating the maximum price application by Sasol Gas as well as maximum price decision and gas transmission tariff decision. The basis of the challenge to the NERSA price decision is the allegation that the methodology used by NERSA to determine its approval of the maximum gas prices was unreasonable and irrational. In October 2016 the High Court dismissed the review application The Applicants were subsequently granted consent to appeal this decision to the Supreme Court of Appeal (“SCA”). On 10 May 2018 the SCA upheld the appeal by the Applicants. NERSA and Sasol Gas each launched an application to the Constitutional Court (“CC”) to appeal the SCA decision. Leave to appeal was granted and the matter was heard on 26 February 2019. On 15 July 2019 the CC handed down its decision. The Court upheld the appeal on the ruling by the SCA relating to the transmission tariffs and accordingly the NERSA transmission tariff decision was confirmed. However, the court dismissed the remainder of the appeal. The Court found that NERSA, in applying the basket of alternatives approach to determine the Maximum Gas Price for Sasol Gas, was irrational as it did not take into account a required material fact for making a rational decision. NERSA’s decision to approve maximum gas prices and a trading margin for Sasol Gas for the period 26 March 2014 to 30 June 2017 was therefore reviewed and set aside. In terms of the court order NERSA will have to consider the overturned decisions anew and decide on the approval of a new maximum gas price for Sasol. In accordance with the rules of the regulator, NERSA will, in considering a new maximum gas price application by Sasol, follow a public participation process that will afford Sasol as well as the affected stakeholders and customers the opportunity to provide input into the decision to be made by NERSA. If the new maximum gas price approved by NERSA for the period of the overturned decision is lower than the actual price charged to customers, then a retrospective liability may arise for Sasol Gas as a result. It is not possible to determine at this time what the outcome of such a price decision by NERSA will be. Therefore, the likelihood of a future obligation cannot be determined currently and neither can an amount for such a possible obligation be reliably estimated. Therefore, no provision has been raised at 30 June 2019. Nhlapo and 941 others versus Sasol Mining (Pty) Ltd During 2009, the applicants in this matter were charged with participation in an unprotected sit-in, threatening and forcing others to participate in an unprotected strike and for assaulting or attempting to assault others during an unprotected strike and subsequently dismissed. The applicants are disputing their dismissal. On 19 September 2019, the Labour Court passed a judgement directing inter alia Sasol Mining to re-instate the employees and pay certain past benefits. Sasol Mining filed an application for leave to appeal the judgement on 10 October 2019. Once the latter has been obtained the appeal will be heard by the Labour Appeal Court. This date has not been set. Management has applied judgement and believe that there is no present obligation in terms of IAS 37. No provision has been raised at 30 June 2019. Other litigation and tax matters From time to time, Sasol companies are involved in other litigation and similar proceedings in the normal course of business. A detailed assessment is performed on each matter and a provision is recognised where appropriate. Although the outcome of these proceedings and claims cannot be predicted with certainty, the company does not believe that the outcome of any of these cases would have a material effect on the group’s financial results. 36.2 Competition matters Sasol continuously evaluates its compliance programmes and controls in general, including its competition law compliance programmes and controls. As a consequence of these compliance programmes and controls, including monitoring and review activities, Sasol has adopted appropriate remedial and/or mitigating steps, where necessary or advisable, lodged leniency applications and made disclosures on material findings as and when appropriate. These ongoing compliance activities have already revealed, and may still reveal, competition law contraventions or potential contraventions in respect of which we have taken, or will take, appropriate remedial and/or mitigating steps including lodging leniency applications. 36.3 Environmental orders Sasol’s environmental obligation accrued at 30 June 2019 was R18 742 million compared to R14 933 million at 30 June 2018. Included in this balance is an amount accrued of approximately R4 924 million in respect of the costs of remediation of soil and groundwater contamination and similar environmental costs. These costs relate to the following activities: site assessments, soil and groundwater clean-up and remediation, and on-going monitoring. Due to uncertainties regarding future costs the potential loss in excess of the amount accrued cannot be reasonably determined. Although Sasol has provided for known environmental obligations that are probable and reasonably estimable, the amount of additional future costs relating to remediation and rehabilitation may be material to results of operations in the period in which they are recognised. It is not expected that these environmental obligations will have a material effect on the financial position of the group.

Leases and other commitments

Leases and other commitments	12 Months Ended
	Jun. 30, 2019
Leases and other commitments
Leases and other commitments	37 Leases and other commitments Operating leases — Minimum future lease payments The group leases buildings under long-term non-cancellable operating lease agreements and also rents offices and other equipment under operating leases that are cancellable at various short-term notice periods by either party. 2019 2018 for the year ended 30 June Rm Rm Property, plant and equipment Within one year 2 276 2 068 One to five years 6 089 5 863 More than five years 15 716 15 344 Total minimum future lease payments 24 081 23 275 Included in operating leases is the following: · The lease for the Sasol Corporate office building. The lease term is 20 years with an option to extend for a further five years. This is a significant lease for the group. · The rental of a rail cars for our North American Operations. The lease period varies from 12 to 18 years with an option to extend for a further six years. These leasing arrangements do not impose any significant restrictions on the group or its subsidiaries. The group has contingent rentals in respect of operating leases that are linked to market related data such as inflation. Finance leases — minimum future lease payments The group leases buildings and other equipment under long-term non-cancellable finance lease agreements. These lease agreements contain terms of renewal and escalation clauses but exclude purchase options. 2019 2018 for the year ended 30 June Rm Rm Within one year 1 207 1 171 One to five years 4 135 3 975 More than five years 20 138 19 586 Less amounts representing finance charges (17 710 ) (17 108 ) Total minimum future lease payments 7 770 7 624 The group has contingent rentals in respect of finance leases. Other commitments 2019 2018 for the year ended 30 June Rm Rm Water reticulation for Secunda Synfuels Operations Within one year One to five years More than five years 1 416 1 798 2 302 2 816 The water reticulation commitments of Secunda Synfuels Operations relate to a long-term water supply agreement. The rental payments are determined based on the quantity of water consumed over the 20 year period of the agreement.

Related party transactions

Related party transactions	12 Months Ended
	Jun. 30, 2019
Related party transactions
Related party transactions	38 Related party transactions Parties are considered to be related if one party directly or indirectly has the ability to control or jointly control the other party or exercise significant influence over the other party or is a member of the key management of the reporting entity (Sasol Limited). In particular, this relates to joint ventures and associates. Disclosure in respect of joint ventures and associates is provided in note 20. Group companies, in the ordinary course of business, entered into various purchase and sale transactions with associates and joint ventures. The effect of these transactions is included in the financial performance and results of the group. Terms and conditions are determined on an arm’s length basis. Amounts owing (after eliminating intercompany balances) to related parties are disclosed in the respective notes to the financial statements for those statement of financial position items. No impairment of receivables related to the amount of outstanding balances is required. Material related party transactions The following table shows the material transactions that are included in the annual financial statements using the equity method for associates and joint ventures. 2019 2018 2017 for the year ended 30 June Rm Rm Rm Sales and services rendered from subsidiaries to related parties Joint ventures 1 474 1 088 Purchases by subsidiaries from related parties Joint ventures Associates Identity of related parties with whom material transactions have occurred Except for the group’s interests in joint ventures and associates, there are no other related parties with whom material individual transactions have taken place. Key management remuneration Key management comprises of Executive and Non-executive Directors as well as other members of the Group Executive Committee (GEC)/Prescribed Officers. Retirement Other Total Total Total Salary funding benefits 2019 2018(1) 2017(1) R’000 R’000 R’000 R’000 R’000 R’000 Executive Directors 32 194 4 540 10 214 46 948 66 808 77 333 (1) Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed. Gains on Long-term incentives and Share Appreciation Rights for the Executive Directors’ and former Executive Director were as follows: Share Long-term appreciation incentive rights, with rights and without Total Total Total vested(1) CPTs exercised 2019 2018 2017 R’000 R’000 R’000 R’000 R’000 Executive Directors 25 025 — 25 025 20 515 24 970 (1) Long-term incentives for the 2019 financial year represent incentives approved on the group results for the 2019 financial year, payable in the 2020 financial year. Remuneration and benefits paid and short-term incentives approved for the Prescribed Officers were as follows: Retirement Other Total Total Total Salary funding benefits 2019 2018(1) 2017(1) R’000 R’000 R’000 R’000 R’000 R’000 Prescribed Officers 49 335 6 373 11 780 67 488 89 007 70 949 Number of Prescribed Officers (1) Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed. Gains on Long-term incentives and Share Appreciation Rights for the Prescribed Officers were as follows: Share Long-term appreciation incentive rights, with rights and without Total Total Total vested(1) CPTs exercised 2019 2018 2017 R’000 R’000 R’000 R’000 R’000 Prescribed Officers 19 628 48 931 68 559 44 962 23 807 (1) Long-term incentives for the 2019 financial year represent incentives approved on the group results for the 2019 financial year, payable in the 2020 financial year. The total IFRS2 charge for Executive Directors and the Prescribed Officers in 2019 amounted to R32 million and R20 million, respectively. Non-executive Directors’ emoluments for the year was as follows: Ad Hoc Special Board Lead Board — meeting Director Committee Committee Total Total Total fees fees fees Meeting 2019 2018 2017 R’000 R’000 R’000 R’000 R’000 R’000 R’000 Non-executive Directors 24 498 7 372 32 455 27 823 23 079

Subsequent events

Subsequent events	12 Months Ended
	Jun. 30, 2019
Subsequent events
Subsequent events	39 Subsequent events In May 2019, the Board commissioned an independent review into the circumstances that may have delayed the prompt identification and reporting of the LCCP cost and schedule overruns. The report from the Board Review is complete and the Board considered the findings and appropriate steps arising from these. Sasol and Huntsman Corporation signed a definitive agreement for Sasol to dispose of our 50% equity interest in the Sasol-Huntsman maleic anhydride joint venture. The transaction closed on 30 September 2019. Refer to note 11. During 2009, 942 employees of Sasol Mining (Pty) Ltd were charged with participation in an unprotected sit-in, threatening and forcing others to participate in an unprotected strike and for assaulting or attempting to assault others during an unprotected strike and they were subsequently dismissed. The applicants are disputing their dismissal. On 19 September 2019, the Labour Court passed a judgement directing inter alia Sasol Mining to re-instate the employees and pay certain past benefits. Refer to note 36.

Financial risk management and f

Financial risk management and financial instruments	12 Months Ended
	Jun. 30, 2019
Financial risk management and financial instruments
Financial risk management and financial instruments	40 Financial risk management and financial instruments Financial instruments overview The following table summarises the group’s classification of financial instruments. Carrying value At fair value through profit and loss Designated at fair value through other comprehensive income Amortised Fair value Note Rm Rm Rm Rm 2019 Financial assets Investments in listed securities — — Investments in unlisted securities — — Other long-term investments — — Long-term receivables — — 5 582 5 582 Long- and short-term financial assets — — Trade and other receivables** — — 25 611 25 611 * Cash and cash equivalents* — — 15 877 15 877 * Financial liabilities Listed long-term debt (Bonds issued)+ — — 46 060 49 421 Unlisted long-term debt+ — — 91 279 91 777 Short-term debt and bank overdraft — — 1 297 1 297 * Long- and short-term financial liabilities 2 205 — — 2 205 Trade and other payables+ — — 28 501 28 501 * Measurement principles under IFRS 9 remained the same to those previously applied except for investment in unlisted securities that are measured at fair value through other comprehensive income compared to being measured at cost under IAS 39. The cost under IAS 39 was R244 million at 30 June 2018. Both the listed and unlisted investment in securities were classified as available for sale under IAS 39. Refer to note 1 for transition approach. Carrying value At fair value Available- Amortised Held-to- Fair value Note Rm Rm Rm Rm Rm 2018 Financial assets Investments in listed securities — — — Investments in unlisted securities — — — Other long-term investments — — — Long-term receivables — — 3 824 — 3 824 Long- and short-term financial assets 1 827 — — — 1 827 Trade and other receivables** — — 26 648 — 26 648 * Cash and cash equivalents — — 17 128 — 17 128 * Financial liabilities Listed long-term debt (Bonds issued)+ — — 13 704 — 13 345 Unlisted long-term debt+ — — 95 750 — 95 984 Short-term debt and bank overdraft — — 2 035 — 2 035 * Long- and short-term financial liabilities 2 059 — — — 2 059 Trade and other payables+ — — 26 518 — 26 518 * * The fair value of these instruments approximates carrying value, due to their short-term nature. ** Trade and other receivables includes employee-related and insurance-related receivables. + Includes unamortised loan costs. 40.1 Financial risk management The group is exposed in varying degrees to a number of financial instrument related risks. The Group Executive Committee (GEC) has the overall responsibility for the establishment and oversight of the group’s risk management framework. The GEC established the risk and safety, health and environment committee, which is responsible for providing the board with the assurance that significant business risks are systematically identified, assessed and reduced to acceptable levels. A comprehensive risk management process has been developed to continuously monitor and assess these risks. Based on the risk management process Sasol refined its hedging policy and the Sasol Limited Board appointed a subcommittee, the Hedging and Digital Committee that meets regularly to review and, if appropriate, approve the implementation of hedging strategies for the effective management of financial market related risks. The group has a central treasury function that manages the financial risks relating to the group’s operations. Capital allocation The group’s objectives when managing capital (which includes share capital, borrowings, working capital and cash and cash equivalents) is to maintain a flexible capital structure that reduces the cost of capital to an acceptable level of risk and to safeguard the group’s ability to continue as a going concern while taking advantage of strategic opportunities in order to grow shareholder value sustainably. The group manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain the capital structure, the group may adjust the amount of dividends paid to shareholders, return capital to shareholders, repurchase shares currently issued, issue new shares, issue new debt, issue new debt to replace existing debt with different characteristics and/or sell assets to reduce debt. The group monitors capital utilising a number of measures, including the gearing ratio. The group’s targeted gearing ratio has been lifted to 60% until 2021 and thereafter will be managed down to the long-term target of between 20% and 40%. Gearing takes into account the group’s substantial capital investment and susceptibility to external market factors such as crude oil prices, exchange rates and commodity chemical prices. The group’s gearing level for 2019 is 56,3% (2018 – 42,2%; 2017 – 26,4%). Financing risk Financing risk refers to the risk that financing of the group’s net debt requirements and refinancing of existing borrowings could become more difficult or more costly in the future. This risk can be decreased by managing the group within the targeted gearing ratio, maintaining an appropriate spread of maturity dates, and managing short-term borrowings within acceptable levels. The group’s target for long-term borrowings include an average time to maturity of at least two years, and an even spread of maturities. Credit rating To achieve and keep an optimal capital structure, the group aims to maintain a stable long-term investment grade credit rating, recognising that Sasol, like all South African domiciled entities, is constrained (but not necessarily capped) by the South African sovereign rating. In November 2017 S&P downgraded South Africa’s sovereign credit rating from BB+ investment grade to BB with a stable outlook. In December 2018, S&P affirmed Sasol’s rating at BBB-/A-3 with a stable outlook. In May 2019 Moody’s Investors Service affirmed Sasol Limited’s long-term issuer rating at Baa3, however changed the outlook from stable to negative. The national issuer scale rating changed from Aaa.za to Aa1.za. Risk profile Risk management and measurement relating to each of these risks is discussed under the headings below (sub-categorised into credit risk, liquidity risk, and market risk) which entails an analysis of the types of risk exposure, the way in which such exposure is managed and quantification of the level of exposure in the statement of financial position. Credit risk Credit risk, or the risk of financial loss due to counterparties not meeting their contractual obligations. Credit risk is deemed to be low when based on the forward available information it is highly probably that the customer will service its debt in accordance to the agreement throughout the period. How we manage the risk The risk is managed by the application of credit approvals, limits and monitoring procedures. Where appropriate, the group obtains security in the form of guarantees to mitigate risk. Counterparty credit limits are in place and are reviewed and approved by the respective subsidiary credit management committees. The central treasury function provides credit risk management for the group-wide exposure in respect of a diversified group of banks and other financial institutions. These are evaluated regularly for financial robustness especially in the current global economic environment. Management has evaluated treasury counterparty risk and does not expect any treasury counterparties to fail in meeting their obligations. The group maximum exposure is the outstanding carrying amount of the financial asset. For all financial assets measured at amortised cost, the group calculates the expected credit loss based on contractual payment terms of the asset. The contractual payment terms for receivables vary from 30 days to 120 days. The exposure to credit risk is influenced by the individual characteristics, the industry and geographical area of the counterparty with whom we have transacted. Financial assets at amortised cost are carefully monitored and reviewed on a regular basis for expected credit loss and impairment based on our credit risk policy. Expected credit loss is calculated as a function of probability of default, loss given default and exposure at default. The group allocate probability of default based on the external and internal information. The major portion of the financial assets at amortised cost consist of externally rated customers and the group uses the average of Moody’s, Fitch and S&P Corporate and Sovereign probability of defaults, depending on whether the customer or holder of the financial asset is corporate or government related. For customers or debtors that are not rated by the rating agency, the group allocate internal credit ratings and default rates taking into account forward looking information, based on the, debtors profile and financial status. Loss given default is based on the Basel model. The Basel model assumes 35% loss given default for secured financial assets and 45% for unsecured financial assets. Credit enhancement is only taken into account if it is integral to the asset. Trade receivables expected credit loss is calculated over lifetime. Other financial assets expected credit loss is measured over 12 months when the credit risk is low and over lifetime where the credit risk has increased. Credit risk is deemed to have increases when the payment is 30 days overdue and the customer have defaulted, indicating that their inability to honor the debt. No single customer represents more than 10% of the group’s total turnover or more than 10% of total trade receivables for the years ended 30 June 2019, 2018 and 2017. Approximately 50% (2018 – 49%; 2017 – 48%) of the group’s total turnover is generated from sales within South Africa, while about 22% (2018 – 24%; 2017 – 22%) relates to European sales and 14% (2018 – 13%; 2017 – 13%) relates to sales within the US. The concentration of credit risk within geographic regions is largely aligned with the geographic regions in which the turnover was earned. Detail of allowances for credit losses: 2019 2018 Life time 12 months Deductions Expected Impairment Rm Rm Rm Rm Rm Long-term receivables — — Trade receivables — — Other receivables — — Overview of the credit risk profile of financial assets measured at amortised cost is as follows: 2019 % AAA to A- BBB to B- CCC+ and - below An amount of R465 million has been recognised under IAS 39 as at 30 June 2018. During 2019 additional net impairments of R199 million were recognised. The effect of the change was inconsequential on Sasol’s accounting as the expected loss basis is not significantly different from the stringent debtor management policies currently applied by Sasol, and therefore no transition adjustment is presented. Expected credit loss (in both long-term receivables and trade receivables) mainly relate to exposure to Mozambique. Liquidity risk Liquidity risk is the risk that an entity in the group will be unable to meet its obligations as they become due. How we manage the risk The group manages liquidity risk by effectively managing its working capital, capital expenditure and cash flows, making use of a central treasury function to manage pooled business unit cash investments and borrowing requirements. Currently the group is maintaining a positive liquidity position, conserving the group’s cash resources through continued focus on working capital improvement, cost savings and capital reprioritisation. The group meets its financing requirements through a mixture of cash generated from its operations and, short and long-term borrowings and strives to maintain adequate banking facilities and reserve borrowing capacities. The group is in compliance with all of the financial covenants per its loan agreements, none of which is expected to present a material restriction on funding or its investment policy in the near future. The group currently has sufficient undrawn borrowing facilities, which could be utilised to settle obligations and is planning for additional facilities to manage the finalisation of the LCCP. Refer to note 16. Our exposure to and assessment of the risk The maturity profile of the undiscounted contractual cash flows of financial instruments at 30 June were as follows: Contractual Within One to More than Note Rm Rm Rm Rm 2019 Financial assets Non-derivative instruments Long-term receivables 5 582 — 4 203 1 379 Trade and other receivables 25 611 25 611 — — Cash and cash equivalents (excluding restricted cash) 13 397 13 397 — — Investments through other comprehensive income 1 223 — Other long-term investments — — 45 838 39 688 4 771 1 379 Derivative instruments Foreign exchange contracts 2 161 2 161 — — Interest rate swap — Zero cost collar — — Ethane swaps — — Other commodity derivatives — — 48 629 42 464 4 779 1 386 Financial liabilities Non-derivative instruments Long-term debt*** (183 445 ) (8 232 ) (138 453 ) (36 760 ) Short-term debt (1 239 ) (1 239 ) — — Trade and other payables (28 501 ) (28 501 ) — — Bank overdraft ) ) — — Financial guarantees** (1 326 ) (1 326 ) — — (214 569 ) (39 356 ) (138 453 ) (36 760 ) Derivative instruments Foreign exchange contracts (2 190 ) (2 190 ) — — Interest rate swap (1 488 ) ) (1 029 ) ) Zero cost collar ) ) — — Ethane swaps ) ) — — Crude oil futures ) ) — — Other commodity derivatives ) ) — — (218 743 ) (42 255 ) (139 482 ) (37 006 ) * Contractual cash flows include interest payments. ** Issued financial guarantees contracts are all repayable on default, however the likelihood of default is considered remote. *** Of the amounts due in one to five years, R131 billion relates to the repayment of the bonds, the revolving credit facility and the term loan. Contractual Within One to More than cash flows* one year five years five years Note Rm Rm Rm Rm 2018 Financial assets Non-derivative instruments Long-term receivables 3 786 — 1 586 2 200 Trade and other receivables 26 648 26 648 — — Cash and cash equivalents (excluding restricted cash) 15 148 15 148 — — Investments available-for-sale — — Investments held-to-maturity — — 46 533 42 722 1 611 2 200 Derivative instruments Foreign exchange contracts 1 214 1 214 — — Interest rate swap — — Zero cost collar — — Crude oil options — — Ethane swaps — — 49 487 45 430 1 611 2 446 Financial liabilities Non-derivative instruments Long-term debt (139 294 ) (16 612 ) (86 415 ) (36 267 ) Short-term debt (1 946 ) (1 946 ) — — Trade and other payables (26 518 ) (26 518 ) — — Bank overdraft ) ) — — Financial guarantees** (1 539 ) (1 539 ) — — (169 386 ) (46 704 ) (86 415 ) (36 267 ) Derivative instruments Foreign exchange contracts (1 217 ) (1 217 ) — — Coal swaps ) ) — — Zero cost collar (1 317 ) (1 317 ) — — Crude oil futures ) ) — — (172 425 ) (49 743 ) (86 415 ) (36 267 ) * Contractual cash flows include interest payments. ** Issued financial guarantees contracts are all repayable on default, however the likelihood of default is considered remote. Market risk Market risk is the risk arising from possible market price movements and their impact on the future cash flows of the business. The market price movements that the group is exposed to: Foreign currency risk Foreign currency risk is a risk that earnings and cash flows will be affected due to changes in exchange rates. How we manage the risk Our Hedging and Digital Committee sets broad guidelines in terms of tenor and hedge cover ratios specifically to assess future currency exposure, which have the potential to materially affect our financial position. These guidelines and our hedging policy are reviewed from time to time. This hedging strategy enables us to better predict cash flows and thus manage our liquidity and key financial metrics more effectively. Foreign currency risks are managed through the group’s hedging policy and financing policies and the selective use of various derivatives. Our exposure to and assessment of the risk The group’s transactions are predominantly entered into in the respective functional currency of the individual operations. The construction of the LCCP has largely been financed through funds obtained in US dollar, with a small portion of funds obtained from Rand sources. A large portion of our turnover and capital investments are significantly impacted by the rand/US$ and rand/EUR exchange rates. Some of our fuel products are governed by the BFP, of which a significant variable is the rand/US$ exchange rate. Our export chemical products are mostly commodity products whose prices are largely based on global commodity and benchmark prices quoted in US dollars and consequently are exposed to exchange rate fluctuations that have an impact on cash flows. These operations are exposed to foreign currency risk in connection with contracted payments in currencies not in their individual functional currency. The most significant exposure for the group exists in relation to the US dollar and the Euro. The translation of foreign operations to the presentation currency of the group is not taken into account when considering foreign currency risk. Zero-cost collars In line with the risk mitigation strategy, the group hedges a significant portion of its estimated foreign currency exposure in respect of forecast sales and purchases over the following 12 months. The group uses zero-cost collars to hedge its currency risk, most with a maturity of less than one year from the reporting date. Foreign exchange contracts Foreign exchange contracts (FECs) are utilised throughout the group to hedge the risk of currency depreciation on committed and highly probable forecast transactions. Transactions hedged with FECs include capital and goods purchases (imports) and sales (exports). Other transactions hedged include certain intercompany loans which expose the group to foreign currency risk. A number of FECs were entered into during the year and classified as held for trading. FECs are also utilised in the group in cash flow hedge relationships. FECs taken out to hedge exposure to fluctuations in the rand/US$ exchange rate were held over a total notional amount of Rnil million at 30 June 2019 (2018 — R33 million (US$nil; EUR2,1 million)). The following significant exchange rates were applied during the year: Average rate Closing rate 2019 2018 2019 2018 Rand Rand Rand Rand Rand/Euro Rand/US dollar The table below shows the significant currency exposure where entities within the group have monetary assets or liabilities that are not in their functional currency, have exposure to the US dollar or the Euro. The amounts have been presented in rand by converting the foreign currency amount at the closing rate at the reporting date. 2019 2018 Euro US dollar Euro US dollar Rm Rm Rm Rm Trade and other receivables 2 375 2 500 Cash and cash equivalents 1 470 1 256 2 257 1 452 Net exposure on assets 1 985 3 631 2 843 3 952 Long-term debt ) (1 851 ) ) (1 651 ) Short-term debt — — — ) Trade and other payables ) (1 077 ) ) (1 248 ) Net exposure on liabilities ) (2 928 ) ) (2 922 ) Exposure on external balances 1 677 2 562 1 030 Net exposure on balances between group companies* (1 135 ) (22 132 ) (2 391 ) 9 584 Total net exposure (21 429 ) 10 614 * The US$ increase relates to additional funding provided to the LCCP by Sasol Financing International. Sensitivity analysis The following sensitivity analysis is provided to show the foreign currency exposure of the individual entities at the end of the reporting period. This analysis is prepared based on the statement of financial position balances that exist at year-end, for which there is currency risk, before consideration of currency derivatives, which exist at that point in time. The effect on equity is calculated as the effect on profit and loss. The effect of translation of results into presentation currency of the group is excluded from the information provided. A 10% weakening in the group’s significant exposure to the foreign currency at 30 June would have increased either the equity or the profit by the amounts below, before the effect of tax. This analysis assumes that all other variables, in particular, interest rates, remain constant, and has been performed on the same basis for 2018. 2019 2018 Income Income Equity statement Equity statement Rm Rm Rm Rm Euro US dollar (2 143 ) (2 143 ) 1 053 1 053 A 10% movement in the opposite direction in the group’s exposure to foreign currency would have an equal and opposite effect to the amounts disclosed above. Interest rate risk Interest rate risk is the risk that the value of short term investments and financial activities will change as a result of fluctuations in the interest rates. Fluctuations in interest rates impact on the value of short-term investments and financing activities, giving rise to interest rate risk. The group has significant exposure to interest rate risk due to the volatility in South African, European and US interest rates. How we manage the risk Our debt is comprised of different instrument notes, which by their nature either bear interest at a floating or a fixed rate. We monitor the ratio of floating and fixed interest in our loan portfolio and manage this ratio, by electing to incur either bank loans, bearing a floating interest rate, or bonds, which bear a fixed interest rate. We may also use interest rate swaps, where appropriate, to convert some of our debt into either floating or fixed rate debt to manage the composition of our portfolio. In some cases, we may also use other interest rate derivatives, which enables us to mitigate the risks associated with this exposure. In respect of financial assets, the group’s policy is to invest cash at floating rates of interest and cash reserves are to be maintained in short-term investments (less than one year) in order to maintain liquidity, while achieving a satisfactory return for shareholders. Our exposure to and assessment of the risk The group has exposure to the US dollar London Interbank Overnight Rate (LIBOR) through various instruments, including term loans and revolving credit facilities. In 2015, we entered into an interest rate swap for US$1,95 billion to convert variable LIBOR exposure to a fixed rate. It was designated as the hedging instrument in a cash flow hedge. The swap was novated in June 2019 when the underlying LCCP bank term loan was refinanced. This ended the hedge relationship with hedge accounting discontinued. The swap continues to be an economic hedge that cover a portion of the group’s exposure to the LIBOR and we will redesignate the swap as a hedging instrument in a cash flow hedge in financial year 2020. Developments in respect of the proposed reform of the US dollar LIBOR and the impact thereof on our LIBOR linked debt facilities and interest rate swap are actively monitored. Changes to the interest rate benchmark will be considered in conjunction with the surrounding facts and circumstances at the time and appropriate changes and resetting of rates with counterparties will be negotiated and agreed. At the reporting date, the interest rate profile of the group’s interest-bearing financial instruments, including the effect of the interest rate swap was: Carrying value 2019 2018 Rm Rm Variable rate instruments Financial assets 16 663 18 657 Financial liabilities (54 542 ) (58 908 ) (37 879 ) (40 251 ) Fixed rate instruments Financial assets Financial liabilities (83 151 ) (51 144 ) (82 954 ) (51 047 ) Interest profile (variable: fixed rate as a percentage of total financial assets) 99:1 99:1 Interest profile (variable: fixed rate as a percentage of total financial liabilities) 40:60 54:46 Cash flow sensitivity for variable rate instruments Financial instruments affected by interest rate risk include borrowings, deposits, derivative financial instruments, trade receivables and trade payables. A change of 1% in the prevailing interest rate in a particular currency at the reporting date would have increased/(decreased) earnings by the amounts shown below before the effect of tax. The sensitivity analysis has been prepared on the basis that all other variables, in particular foreign currency rates, remain constant and has been performed on the same basis for 2019. The sensitivity has been calculated including consideration of the effect of existing interest rate swap derivative instruments. Interest is recognised in the income statement using the effective interest rate method. With the swap to be designated as a hedge instrument in financial year 2020, the cash flow hedge reserve will be reclassified to profit and loss on a similar basis. Currently the total notional exposure hedged under the swap is US$1,95 billion (2018 — US$2,00 billion). Income statement – 1% increase United States South Africa Europe of America Other Rm Rm Rm Rm 30 June 2019 ) 30 June 2018 ) ) Income statement – 1% decrease United States South Africa Europe* of America* Other* Rm Rm Rm Rm 30 June 2019 ) ) ) 30 June 2018 ) ) * A decrease of 1% in interest rates for the United States of America and Europe will not have an effect on the income statement as it is not considered reasonably possible that the repo interest rates will decrease below 0%. Average Expiry Fair value loss Fair value loss Recognised in Recognised Interest rate swap derivatives US$ — pay fixed rate receive floating rate North America** December 2026 ) ) (1 485 ) Mozambique February 2030 — — — ** The interest rate swap was novated in June 2019 when the underlying LCCP bank term loan was refinanced. This ended the hedge relationship with hedge accounting discontinued. A loss of R1 400 million was recognised in other comprehensive income on the revaluation of the cash flow hedge that was offset by a gain of R1 115 million on the reclassification of the swap to profit and loss on termination of the hedge relationship. We will redesignate the swap as a hedging instrument in a cash flow hedge in financial year 2020. Commodity price risk Commodity price risk is the risk of fluctuations in our earnings as a result of fluctuation in the price of commodities. How we manage the risk Crude oil, ethane and coal price The group makes use of derivative instruments, including options and commodity swaps as a means of mitigating price movements and timing risks on crude oil purchases and sales, ethane purchases and export coal sales. The group entered into hedging contracts which provide downside protection against decreases in commodity prices. Our exposure to and assessment of the risk A substantial proportion of our turnover is derived from sales of petroleum and petrochemical products. Market prices for crude oil fluctuate because they are subject to international supply and demand and political factors. Our exposure to the crude oil price centres primarily around the selling price of the fuel marketed by our Energy business which is governed by the Basic Fuel Price (BFP) formula, the crude oil related raw materials used in our Natref refinery and certain of our offshore operations including were chemical prices are linked to the crude oil price. Key factors in the BFP are the Mediterranean and Singapore or Mediterranean and Arab Gulf product prices for petrol and diesel, respectively. Dated Brent Crude prices applied during the year: Dated Brent Crude 2019 2018 US$ US$ High Average Low The following futures were in place at 30 June: Contract Fair value Within Contract Fair value Within 2019 2019 2019 2018 2018 2018 Rm Rm Rm Rm Rm Rm Crude oil futures 1 521 ) ) 2 792 ) ) Other commodity derivatives — — — Sensitivity analysis A 10% increase of the commodity prices at 30 June would have increased the fair value losses recognised in other operating costs in the income statement by the amounts shown below, before the effect of tax. This analysis assumes that all other variables remain constant and should not be considered predictive of future performances. This calculation has been performed on the same basis for 2018. 2019 2018 Rm Rm Crude oil ) ) Sensitivity analysis A 10% decrease in the commodity prices at 30 June would have the equal but opposite effect on the fair value amounts shown above, on the basis that all other variables remain constant. Summary of our derivatives In the normal course of business, the group enters into various derivative transactions to mitigate our exposure to foreign exchange rates, interest rates, and commodity prices Derivative instruments used by the group in hedging activities include swaps, options, forwards and other similar types of instruments. 2019 2018 2017 Income statement impact Rm Rm Rm Financial instruments Net (loss)/gain on derivative instruments Foreign exchange contracts (losses)/gains ) (1 107 ) Put option crude oil derivatives ) (3 303 ) ) Zero cost collar foreign exchange derivatives 1 608 Crude oil futures ) Coal swaps (1 024 ) Ethane swaps ) — Interest rate swaps (1 475 ) Other forex derivative — — (2 465 ) (3 876 ) Statement of financial position impact 2019 2018 Rm Rm Financial instrument Derivative financial assets Foreign exchange contracts Zero cost collar Crude oil options — Interest rate swaps Ethane swaps Other commodity derivatives — 1 827 Derivative financial liabilities Foreign exchange contracts ) ) Coal swaps — ) Crude oil futures ) ) Zero cost collar ) (1 317 ) Interest rate swaps (1 488 ) ) Ethane swaps ) — Other commodity derivatives ) — (2 028 ) (1 912 ) Non-derivative financial liabilities Financial guarantees ) ) (2 205 ) (2 059 ) Derivatives designated in the hedge relationships The group has exposure to the US dollar LIBOR through various instruments, including term loans and revolving credit facilities. In 2015, we entered into an interest rate swap for US$1,95 billion to convert variable LIBOR exposure to a fixed rate. It was designated as the hedging instrument in a cash flow hedge. The swap was novated in June 2019 when the underlying LCCP bank term loan was refinanced. This ended the hedge relationship with hedge accounting discontinued. The swap continues to cover a portion of the group’s exposure to the LIBOR and we will redesignate the swap as a hedging instrument in a cash flow hedge in financial year 2020. The other derivatives within the group are economic hedges to our exposure to the rand/US$ exchange rates and commodity prices that have not been classified as cash flow hedges. Fair value Fair value 2019 2018 Rm Rm Interest rate swap derivatives — held for trading (2018 — cash flow hedge) (1 473 ) Fair value Fair value Fair value Fair value Contract/ Contract/ of assets of assets of liabilities of liabilities Notional Notional 2019 2018 2019 2018 amount* amount* Rm Rm Rm Rm 2019 2018 Derivatives held for trading Foreign exchange contracts ) ) US$m Crude oil futures — — ) ) US$m ) ) * The notional amount is the sum of the absolute value of all contracts for both derivative assets and liabilities. In addition to foreign exchange contract utilised in normal operating activities, the following derivatives were entered into to mitigate the risks associated with the crude oil price, the rand/US$ exchange rate, ethane price and the coal price. 2019 2018 Brent crude oil — Put options Premium paid US$m — Number of barrels million Open positions million — Settled million Average Brent crude oil price floor, net of costs (open positions) US$/bbl — Realised losses recognised in the income statement Rm (1 857 ) (1 605 ) Unrealised (losses)/gains recognised in the income statement Rm 1 359 (1 698 ) Amount included in the statement of financial position Rm — Rand/US$ currency — Zero-cost collar instruments US$ exposure — open positions US$bn Annual average floor R/US$ Annual average cap R/US$ Realised (losses)/gains recognised in the income statement Rm ) 2 772 Unrealised gains/(losses) recognised in the income statement Rm (1 836 ) Amount included in the statement of financial position Rm ) Export coal — Swap options Number of tons million Open positions million — Settled million Average coal swap price (open positions) US$/ton — Realised losses recognised in the income statement Rm ) ) Unrealised gains/(losses) recognised in the income statement Rm ) Amount included in the statement of financial position Rm — ) Ethane — Swap options Number of barrels million Open positions million Settled million Average ethane swap price (open positions) US$ c/gal Realised gains/(losses) recognised in the income statement Rm ) Unrealised (losses)/gains recognised in the income statement Rm ) Amount included in the statement of financial position Rm ) Sensitivity analysis The fair value of significant derivatives held for trading is impacted by a number of market observable variables at valuation date. The sensitivities provided below reflect the impact on fair value as a result of movements in the significa

Significant accounting policies

Significant accounting policies (Policies)	12 Months Ended
	Jun. 30, 2019
Significant accounting policies
Basis of preparation of financial results	Basis of preparation of financial results The consolidated financial statements are prepared using the historic cost convention except that, certain items, including derivative instruments, liabilities for cash-settled share-based payment schemes, financial assets at fair value through profit or loss and financial assets designated at fair value through other comprehensive income, are stated at fair value. The consolidated financial results are presented in rand, which is Sasol Limited’s functional and presentation currency, rounded to the nearest million. The consolidated financial statements are prepared on the going concern basis. The comparative figures are reclassified or restated as necessary to afford a proper and more meaningful comparison of results as set out in the affected notes to the financial statements. Certain additional disclosure has been provided in respect of the current year, as described on page 163 “Pro-forma financial information”. To the extent practicable, comparative information has also been provided. Accounting policies The accounting policies applied in the preparation of these consolidated financial statements are in terms of IFRS and are consistent with those applied in the consolidated annual financial statements for the year ended 30 June 2018, except for the adoption of IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’ and an amendment to IAS 23 ‘Borrowing Costs’ with effect from 1 July 2018. Both IFRS 9 and IFRS 15 were adopted using the modified transition approach, where the comparative financial information is not restated as permitted by the standard. The amendment to IAS 23 is applied prospectively. These accounting policies are consistently applied throughout the group.
Turnover	IFRS 15 applicable in 2019: Revenue from contracts with customers is recognised when the control of goods or services has transferred to the customer through the satisfaction of a performance obligation. Group performance obligations are satisfied at a point in time and over time, however the group mainly satisfies its performance obligations at a point in time. Revenue recognised reflects the consideration that the group expects to be entitled to for each distinct performance obligation after deducting indirect taxes, rebates and trade discounts and consists primarily of the sale of oil, natural gas and chemical products, services rendered, license fees and royalties. The group allocates revenue based on stand-alone selling price. The group enters into exchange agreements with the same counterparties for the purchase and sale of inventory that are entered into in contemplation of one another. When the items exchanged are similar in nature, these transactions are combined and accounted for as a single exchange transaction. The exchange is recognised at the carrying amount of the inventory transferred. Revenue from arrangements that are not considered contracts with customers, mainly pertaining to franchise rentals, use of fuel tanks and fuel storage, is presented as revenue from other contracts. The period between the transfer of the goods and services to the customer and the payment by the customer does not exceed 12 months and the group does not adjust for time value of money. For further information on revenue recognition, refer to Segment information on pages 12 to 13. IAS 18 applicable to prior periods: Revenue is recognised when the following criteria are met: · evidence of an arrangement exists; · delivery has occurred or services have been rendered and the significant risks and rewards of ownership have been transferred to the purchaser; · transaction costs can be reliably measured; · the selling price is fixed or determinable; and · collectability is reasonably assured. The timing of revenue recognition is as follows. Revenue from: · the sale of products is recognised when the group has substantially transferred all the risks and rewards of ownership and no longer retains continuing managerial involvement associated with ownership or effective control; · services rendered is based on the stage of completion of the transaction, based on the proportion that costs incurred to date bear to the total cost of the project; and · licence fees and royalties are recognised on an accrual basis. The group enters into exchange agreements with the same counterparties for the purchase and sale of inventory that are entered into in contemplation of one another. When the items exchanged are similar in nature, these transactions are combined and accounted for as a single exchange transaction. The exchange is recognised at the carrying amount of the inventory transferred.
Employee-related expenditure	Remuneration of employees is charged to the income statement, except where it is capitalised to projects in line with the accounting policy for assets under construction. Short-term employee benefits Short-term employee benefits includes salaries, wages and costs of temporary employees, paid vacation leave, sick leave and incentive bonuses. Long-term employee benefits Long-term employee benefits are those benefits that are expected to be wholly settled more than 12 months after the end of the annual reporting period, in which the services have been rendered and are discounted to their present value. Post-retirement benefits Further information on these benefits is provided in Note 33, and include defined benefit contribution plans, as well as defined benefit plans.
Remeasurement items affecting operating profit	Remeasurement items are items of income and expense recognised in the income statement that are less closely aligned to the operating or trading activities of the reporting entity and includes the impairment of non-current assets, profit or loss on disposal of non-current assets including businesses and equity accounted investments, and scrapping of assets. The group’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, to determine whether there is any indication of impairment. An impairment test is performed on all goodwill, intangible assets not yet in use and intangible assets with indefinite useful lives at each reporting date. The recoverable amount of an asset is defined as the amount that reflects the greater of the fair value less costs of disposal and value-in-use that can be attributed to an asset as a result of its ongoing use by the entity. Value-in-use is estimated using a discounted cash flow model. The future cash flows are adjusted for risks specific to the asset and is adjusted where applicable to take into account any specific risks relating to the country where the asset or cash-generating unit is located. The rate applied in each country is reassessed each year. The recoverable amount may be adjusted to take into account recent market transactions for a similar asset. Some assets are an integral part of the value chain but are not capable of generating independent cash flows because there is no active market for the product streams produced from these assets, or the market does not have the ability to absorb the product streams produced from these assets or it is not practically possible to access the market due to infrastructure constraints that would be costly to construct. Product streams produced by these assets form an input into another process and accordingly do not have an active market. These assets are classified as corporate assets in terms of IAS 36 when their output supports the production of multiple product streams that are ultimately sold into an active market. The group’s corporate assets are allocated to the relevant cash generating unit based on a cost or volume contribution metric. Costs incurred by the corporate asset are allocated to the appropriate cash generating unit at cost. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the cash-generating unit to which the corporate asset belongs. In Southern Africa, the coal value chain starts with feedstock mined in Secunda and Sasolburg and continues along the integrated processes of the operating business units, ultimately resulting in fuels and chemicals-based product lines. Similarly, the gas value chain starts with the feedstock obtained in Mozambique and continues along the conversion processes in Secunda and Sasolburg, ultimately resulting in fuels and chemicals-based product lines. The groups of assets which support the different product lines, including corporate asset allocations, are considered to be separate cash-generating units. In the US, the ethylene value chain results in various chemicals-based product lines, sold into active markets. The assets which support the different chemicals-based product lines, including corporate asset allocations, are considered to be separate cash-generating units. In Europe, the identification of separate cash-generating units is based on the various product streams that have the ability to be sold into active markets by the European business units. Certain products are sometimes produced incidentally from the main conversion processes and can be sold into active markets. When this is the case, the assets that are directly attributable to the production of these products, are classified as separate cash-generating units. The cost of conversion of these products is compared against the revenue when assessing the asset for impairment. Exploration assets are tested for impairment when development of the property commences or whenever facts and circumstances indicate impairment. An impairment loss is recognised for the amount by which the exploration assets carrying amount exceeds their recoverable amount.
Disposal group held for sale	A non-current asset or disposal group (a business grouping of assets and their related liabilities) is designated as held for sale when its carrying amount will be recovered principally through a sale transaction rather than through continuing use. The classification as held for sale of a non-current asset or disposal group occurs when it is available for immediate sale in its present condition and the sale is highly probable. A sale is considered highly probable if management is committed to a plan to sell the non-current asset or disposal group, an active divestiture programme has been initiated, the non-current asset or disposal group is marketed at a price reasonable to its fair value and the disposal will be completed within one year from classification. Where a disposal group held for sale will result in the loss of control or joint control of a subsidiary or joint operation, respectively, all the assets and liabilities of that subsidiary or joint operation are classified as held for sale, regardless of whether a non-controlling interest in the former subsidiary or an ongoing interest in the joint operation is to be retained after the sale. Where a disposal group held for sale will result in the loss of joint control of a joint venture or significant influence of an associate, the full investment is classified as held for sale. Equity accounting ceases from the date the joint venture or associate is classified as held for sale. Before classification of a non-current asset or disposal group as held for sale, it is reviewed for impairment. The impairment loss charged to the income statement is the excess of the carrying amount of the non-current asset over its expected fair value less costs to sell. No depreciation or amortisation is provided on non-current assets from the date they are classified as held for sale.
Income tax charge	The income tax charge is determined based on net income before tax for the year and includes deferred tax and dividend withholding tax. The current tax charge is the tax payable on the taxable income for the financial year applying enacted or substantively enacted tax rates and includes any adjustments to tax payable in respect of prior years. Deferred tax is provided for using the liability method, on all temporary differences between the carrying amount of assets and liabilities for accounting purposes and the amounts used for tax purposes and on any tax losses. No deferred tax is provided on temporary differences relating to: · the initial recognition of goodwill; · the initial recognition (other than in a business combination) of an asset or liability to the extent that neither accounting nor taxable profit is affected on acquisition; and · investments in subsidiaries, associates and interests in joint arrangements to the extent that the temporary difference will probably not reverse in the foreseeable future and the control of the reversal of the temporary difference lies with the parent, investor, joint venturer or joint operator. The provision for deferred tax is calculated using enacted or substantively enacted tax rates at the reporting date that are expected to apply when the asset is realised or liability settled. Deferred tax assets and liabilities are offset when the related income taxes are levied by the same taxation authority, there is a legally enforceable right to offset and there is an intention to settle the balances on a net basis.
Treasury shares	When Sasol Limited’s shares are repurchased by a subsidiary, the amount of consideration paid, including directly attributable costs, is recognised as a deduction from shareholders’ equity. Repurchased shares are classified as treasury shares and are disclosed as a deduction from total equity. Where such shares are subsequently reissued, any consideration received is included in the statement of changes in equity.
Long-term debt	Debt, which constitutes a financial liability, includes short-term and long-term debt. Debt is initially recognised at fair value, net of transaction costs incurred and is subsequently stated at amortised cost. Debt is classified as short-term unless the borrowing entity has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Debt is derecognised when the obligation in the contract is discharged, cancelled or has expired. Premiums or discounts arising from the difference between the fair value of debt raised and the amount repayable at maturity date are charged to the income statement as finance expenses based on the effective interest rate method. A debt modification gain or loss is recognised immediately when a debt measured at amortised cost has been modified.
Property, Plant and Equipment	Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Land is not depreciated. When plant and equipment comprises major components with different useful lives, these components are accounted for as separate items. Depreciation of mineral assets on producing oil and gas properties is based on the units-of-production method calculated using estimated proved developed reserves. Life-of-mine coal assets are depreciated using the units-of-production method and is based on proved and probable reserves assigned to that specific mine (accessible reserves) or complex which benefits from the utilisation of those assets. Other coal mining assets are depreciated on the straight-line method over their estimated useful lives. Depreciation of property acquisition costs, capitalised as part of mineral assets in property, plant and equipment, is based on the units-of-production method calculated using estimated proved reserves. Property, plant and equipment, other than mineral assets, is depreciated to its estimated residual value on a straight-line basis over its expected useful life.
Assets under construction	Assets under construction Assets under construction are non-current assets, which includes land and expenditure capitalised for work in progress in respect of activities to develop, expand or enhance items of property, plant and equipment, intangible assets and exploration assets. The cost of self-constructed assets includes expenditure on materials, direct labour and an allocated proportion of project overheads. Cost also includes the estimated costs of dismantling and removing the assets and site rehabilitation costs to the extent that they relate to the construction of the asset as well as gains or losses on qualifying cash flow hedges attributable to that asset. When regular major inspections are a condition of continuing to operate an item of property, plant and equipment, and plant shutdown costs will be incurred, an estimate of these shutdown costs are included in the carrying value of the asset at initial recognition. Land acquired, as well as costs capitalised for work in progress in respect of activities to develop, expand or enhance items of property, plant and equipment are classified as part of assets under construction. Finance expenses in respect of specific and general borrowings are capitalised against qualifying assets as part of assets under construction. Where funds are borrowed specifically for the purpose of acquiring or constructing a qualifying asset, the amount of finance expenses eligible for capitalisation on that asset is the actual finance expenses incurred on the borrowing during the period less any investment income on the temporary investment of those borrowings. Where funds are made available from general borrowings and used for the purpose of acquiring or constructing qualifying assets, the amount of finance expenses eligible for capitalisation is determined by applying a capitalisation rate to the expenditures on these assets. The capitalisation rate of 5,5% is calculated as the weighted average of the interest rates applicable to the borrowings of the group that are outstanding during the period, including borrowings made specifically for the purpose of obtaining qualifying assets once the specific qualifying asset is ready for its intended use. The amount of finance expenses capitalised will not exceed the amount of borrowing costs incurred.
Assets under construction - exploration assets, oil and gas, coal mining	Exploration assets Exploration assets comprise capitalised expenditure relating to the exploration for and evaluation of mineral resources (coal, oil and gas). Mineral assets comprise capitalised expenditure relating to producing coal, oil and gas properties, including development costs and previously capitalised exploration assets. Oil and gas The successful efforts method is used to account for natural oil and gas exploration, evaluation and development activities. Property and licence acquisition costs as well as development cost, including expenditure incurred to drill and equip development wells on proved properties, are capitalised as part of assets under construction and transferred to mineral assets in property, plant and equipment when the assets begin producing. On completion of an exploratory well or exploratory-type stratigraphic test well, the entity will be able to determine if there are oil or gas resources. The classification of resources as proved reserves depends on whether development of the property is economically feasible and recoverable in the future, under existing economic and operating conditions, and if any major capital expenditure to develop the property as a result of sufficient quantities of additional proved reserves being identified is justifiable, approved and recoverable. The cost of exploratory wells, through which potential proved reserves may be or have been discovered and the associated exploration costs are capitalised as exploration and evaluation assets in assets under construction. These costs remain capitalised pending the evaluation of results and the determination of whether there are proved reserves. The following conditions must be met for these exploration costs to remain capitalised: · Sufficient progress is being made in assessing the oil and gas resources, including assessing the economic and operating viability with regards to developing the property. · It has been determined that sufficient oil and gas resources or reserves exist which are economically viable based on a range of technical and commercial considerations to justify the capital expenditure required for the completion of the well as a producing well, either individually or in conjunction with other wells. Progress in this regard is reassessed at each reporting date and is subject to technical, commercial and management review to ensure sufficient justification for the continued capitalisation of such qualifying exploration and evaluation expenditure as an exploration and evaluation asset as part of assets under construction. If both of the above conditions are not met or if information is obtained that raise substantial doubt about the economic or operating viability, the costs are charged to the income statement. Exploratory wells and exploratory-type stratigraphic test wells can remain suspended on the statement of financial position for several years while additional activity including studies, appraisal, drilling and/or seismic work on the potential oil and gas field is performed or while the optimum development plans and timing are established in the absence of impairment indicators. Coal mining Coal mining exploration and evaluation expenditure is charged to the income statement until completion of a final feasibility study supporting proved and probable coal reserves. Expenditure incurred subsequent to proved and probable coal reserves being identified is capitalised as exploration assets in assets under construction. Expenditure on producing mines or development properties is capitalised when excavation or drilling is incurred to extend reserves or further delineate existing proved and probable coal reserves. All development expenditure incurred after the commencement of production is capitalised to the extent that it gives rise to probable future economic benefits. A unit is considered to be produced once it has been removed from underground and taken to the surface, passed the bunker and has been transported by conveyor over the scale of the shaft head. The calculation is based on proved and probable reserves assigned to that specific mine (accessible reserves) or complex which benefits from the utilisation of those assets. Inaccessible reserves are excluded from the calculation.
Equity accounted investments	The financial results of associates and joint ventures are included in the group’s results according to the equity method from acquisition date until the disposal date. Under the equity method, investments in associates and joint ventures are recognised initially at cost. Subsequent to the acquisition date, the group’s share of profits or losses of associates and joint ventures is charged to the income statement as equity accounted earnings and its share of movements in equity reserves is recognised as other comprehensive income or equity as appropriate. A joint venture is a joint arrangement in which the parties have joint control with rights to the net assets of the arrangement. An associate is an entity, other than a subsidiary, joint venture or joint operation, in which the group has significant influence, but no control or joint control, over financial and operating policies. Associates and joint ventures whose financial year-ends are within three months of 30 June are included in the consolidated financial statements using their most recently audited financial results. Adjustments are made to the associates’ and joint ventures financial results for material transactions and events in the intervening period.
Subsidiaries	Control is obtained when Sasol is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through our power over the subsidiary. The financial results of all entities that have a functional currency different from the presentation currency of their parent entity are translated into the presentation currency. Income and expenditure transactions of foreign operations are translated at the average rate of exchange for the year except for significant individual transactions which are translated at the exchange rate ruling at that date. All assets and liabilities, including fair value adjustments and goodwill arising on acquisition, are translated at the rate of exchange ruling at the reporting date. Differences arising on translation are recognised as other comprehensive income and are included in the foreign currency translation reserve.
Inventories	Inventories are stated at the lower of cost and net realisable value. Cost includes expenditure incurred in acquiring, manufacturing and transporting the inventory to its present location. Manufacturing costs include an allocated portion of production overheads which are directly attributable to the cost of manufacturing such inventory. The allocation is determined based on the greater of normal production capacity and actual production. The costs attributable to any inefficiencies in the production process are charged to the income statement as incurred. By-products are incidental to the manufacturing processes, are usually produced as a consequence of the main product stream, and are immaterial to the group. Revenue from sale of by-products is offset against the cost of the main products. Cost is determined as follows: Crude oil and other raw materials First-in-first-out valuation method (FIFO) Process, maintenance and other materials Weighted average purchase price Work-in-progress Manufacturing costs incurred Manufactured products including consignment inventory Manufacturing costs according to FIFO
Trade and other receivables	IFRS 9 applicable in 2019: Trade and other receivables are recognised initially at transaction price and subsequently stated at amortised cost using the effective interest rate method, less impairment losses. A simplified expected credit loss model is applied for recognition and measurement of impairments in trade receivables, where expected lifetime credit losses are recognised from initial recognition, with changes in loss allowances recognised in profit and loss. The group did not use a provisional matrix. Trade and other receivables are written off where there is no reasonable expectation of recovering amounts due. The trade receivables do not contain a significant financing component. IAS 39 applicable in 2018: Trade and other receivables are recognised initially at fair value and subsequently stated at amortised cost using the effective interest rate method, less impairment losses.
Trade and other payables	Trade and other payables are initially recognised at fair value and subsequently stated at amortised cost. Capital project related payables are excluded from working capital, as the nature and risks of these payables are not considered to be aligned to operational trade payables.
Cash and cash equivalents	Cash and cash equivalents comprises cash on hand, cash restricted for use, bank overdraft, demand deposits and other short-term highly liquid investments with a maturity period of three months or less at date of purchase. Cash and cash equivalents are stated at carrying amount which is deemed to be fair value. Bank overdrafts are offset against cash and cash equivalents in the statement of cash flows. Cash restricted for use comprises cash and cash equivalents which are not available for general use by the group, including amounts held in escrow, trust or other separate bank accounts.
Provisions	Long-term provisions are determined by discounting the expected future cash flows using a pre-tax discount rate to their present value. The increase in discounted long-term provisions as a result of the passage of time is recognised as a finance expense in the income statement. Estimated long-term environmental provisions, comprising pollution control, rehabilitation and mine closure, are based on the group’s environmental policy taking into account current technological, environmental and regulatory requirements. The provision for rehabilitation is recognised as and when the environmental liability arises. To the extent that the obligations relate to the construction of an asset, they are capitalised as part of the cost of those assets. The effect of subsequent changes to assumptions in estimating an obligation for which the provision was recognised as part of the cost of the asset is adjusted against the asset. Any subsequent changes to an obligation which did not relate to the initial construction of a related asset are charged to the income statement. The estimated present value of future decommissioning costs, taking into account current environmental and regulatory requirements, is capitalised as part of property, plant and equipment, to the extent that they relate to the construction of the asset, and the related provisions are raised. These estimates are reviewed at least annually. Deferred tax is recognised on the temporary differences in relation to both the asset to which the obligation relates to and rehabilitation provision. Termination benefits are recognised as a liability at the earlier of the date of recognition of restructuring costs or when the group is demonstrably committed, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy. In the case of an offer to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Benefits that are expected to be wholly settled more than 12 months after the end of the reporting period are discounted to their present value.
Post-retirement benefit obligations	The group operates or contributes to defined contribution pension plans and defined benefit pension plans for its employees in certain of the countries in which it operates. These plans are generally funded through payments to trustee-administered funds as determined by annual actuarial calculations. Defined contribution pension plans are plans under which the group pays fixed contributions into a separate legal entity and has no legal or constructive obligation to pay further amounts. Contributions to defined contribution pension plans are charged to the income statement as an employee expense in the period in which the related services are rendered by the employee. The group’s net obligation in respect of defined benefit pension plans is actuarially calculated separately for each plan by deducting the fair value of plan assets from the gross obligation for post-retirement benefits. The gross obligation is determined by estimating the future benefit attributable to members in return for services rendered to date. This future benefit is discounted to determine its present value, using discount rates based on government bonds for South African obligations, and corporate bonds in Europe and the US, that have maturity dates approximating the terms of the group’s obligations and which are denominated in the currency in which the benefits are expected to be paid. Independent actuaries perform this calculation annually using the projected unit credit method. Defined contribution members employed before 2009 have an option to purchase a defined benefit pension with their member share. This option gives rise to actuarial risk, and as such, these members are accounted for as part of the defined benefit fund and are disclosed as such. Past service costs are charged to the income statement at the earlier of the following dates: · when the plan amendment or curtailment occurs; and · when the group recognises related restructuring costs or termination benefits. Actuarial gains and losses arising from experience adjustments and changes to actuarial assumptions, the return on plan assets (excluding amounts included in net interest on the defined benefit liability/(asset)) and any changes in the effect of the asset ceiling (excluding amounts included in net interest on the defined benefit liability/(asset)) are remeasurements that are recognised in other comprehensive income in the period in which they arise. Where the plan assets exceed the gross obligation, the asset recognised is limited to the lower of the surplus in the defined benefit plan and the asset ceiling, determined using a discount rate based on government bonds. Surpluses and deficits in the various plans are not offset. The entitlement to healthcare benefits is usually based on the employee remaining in service up to retirement age and the completion of a minimum service period. The expected costs of these benefits are accrued on a systematic basis over the expected remaining period of employment, using the accounting methodology described in respect of defined benefit pension plans above. Independent actuaries perform the calculation of this obligation annually.
Share-based payment transactions	The cash-settled schemes allow certain senior employees the right to participate in the performance of the Sasol Limited share price, in return for services rendered, through the payment of cash incentives which are based on the market price of the Sasol Limited share. All the rights have vested with a liability recognised at fair value, at each reporting date, in the statement of financial position until the date of settlement. To the extent that an entity grants shares or share options in a BEE transaction and the fair value of the cash and other assets received is less than the fair value of the shares or share options granted, such difference is charged to the income statement in the period in which the transaction becomes effective. Where the BEE transaction includes service conditions the difference will be charged to the income statement over the period of these service conditions. Trickle dividends paid to participants during the transaction term are taken into account in measuring the fair value of the award. As the funds to pay the trickle dividend are leaving the Company, a corresponding share of earnings will be allocated to the non controlling shareholders. There was one trickle dividend paid during the current year. The equity-settled schemes allow certain employees the right to receive ordinary shares in Sasol Limited after a prescribed period. Such equity-settled share-based payments are measured at fair value at the date of the grant. The fair value determined at the grant date of the equity-settled share-based payments is charged as employee costs, with a corresponding increase in equity, on a straight-line basis over the period that the employees become unconditionally entitled to the shares, based on management’s estimate of the shares that will vest and adjusted for the effect of non-market-based vesting conditions. These equity-settled share-based payments are not subsequently revalued.

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Jun. 30, 2019
Segment information
Schedule of segment information	Segment information Mining Exploration Energy Base Chemicals*** Performance 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Statement of financial position Non-current assets 26 485 25 197 13 542 14 217 67 325 64 526 141 160 124 826 126 949 116 945 Current assets 1 809 2 547 2 475 2 339 19 727 20 657 19 478 15 714 25 007 26 335 Non-current liabilities 1 701 1 629 6 782 5 684 11 561 11 616 10 612 38 749 11 763 36 538 Current liabilities 2 601 2 801 1 685 2 371 13 160 11 462 10 234 9 883 12 462 12 584 Mining Exploration and Production Energy 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Income statement External turnover 3 222 3 446 2 946 1 815 1 610 1 750 82 977 69 110 64 254 Total turnover 20 876 19 797 18 962 5 184 4 198 4 084 83 803 69 773 64 772 Intersegmental turnover (17 654 ) (16 351 ) (16 016 ) (3 369 ) (2 588 ) (2 334 ) ) ) ) Earnings before interest and tax 4 701 5 244 3 725 ) (3 683 ) 16 566 14 081 11 218 Earnings attributable to owners of Sasol Limited 3 021 3 336 2 266 (1 800 ) (4 168 ) 11 970 8 558 6 395 Effect of remeasurement items* 1 976 4 241 ) 1 844 Depreciation and amortisation 1 805 1 677 1 905 1 582 1 465 2 053 5 331 4 817 4 496 Statement of cash flows Cash flow from operations 7 025 6 877 5 401 2 528 2 665 1 726 23 247 17 158 17 996 Additions to non-current assets** 2 912 3 729 2 839 1 086 2 525 2 600 7 484 6 650 6 781 Other disclosures Capital commitments* 2 372 2 640 3 099 19 795 18 811 19 431 10 390 10 320 10 327 * Excludes equity accounted investments. ** Includes capital accruals. *** The comparative financial results have been restated for the transfer of the Phenolics, Ammonia and Specialty Gases businesses from Performance Chemicals to Base Chemicals. The restatements were performed to align with the current strategy and to best reflect the basis in which the Chief Operating Decision Maker reviews and makes decisions. Group Functions Total Deferred tax assets Net tax Post-retirement Total per statement 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm 6 655 6 673 382 116 352 384 8 563 4 096 — — 1 274 1 498 391 953 357 978 8 789 10 363 77 285 77 955 — — 3 302 — — 78 015 81 257 125 070 30 547 167 489 124 763 27 586 25 908 — — — — 195 075 150 671 7 917 18 537 48 059 57 638 — — 1 039 2 318 — — 49 098 59 956 Base Chemicals*** Performance Chemicals*** Group Functions Total 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm 48 113 43 269 41 582 67 389 63 986 61 359 203 576 181 461 172 407 48 813 43 951 42 288 68 296 64 887 62 185 227 050 202 658 192 807 ) ) ) ) ) ) ) ) — (23 474 ) (21 197 ) (20 400 ) (1 431 ) 6 888 (7 040 ) 7 853 8 737 (2 210 ) (6 666 ) 9 697 17 747 31 705 1 622 2 075 5 899 (3 516 ) 7 434 7 124 (6 999 ) (8 506 ) (1 357 ) 4 298 8 729 20 374 3 190 4 512 ) 13 182 18 645 9 901 1 616 4 788 4 422 4 050 3 739 3 299 2 965 17 968 16 425 16 204 6 343 9 017 11 476 9 743 12 303 12 272 (1 382 ) (2 635 ) 48 988 46 638 46 236 23 065 20 299 24 182 20 403 19 384 23 055 55 800 53 384 60 343 16 504 21 125 30 375 10 434 16 432 26 743 60 095 69 927 90 736
Schedule of geographic segmentation	Geographic segment information Mining Exploration and Production Energy 2019 2018 2017 2019 2018 2017 2019 2018 2017 External turnover* Rm Rm Rm Rm Rm Rm Rm Rm Rm  South Africa — — — — — — 77 345 65 827 60 814  Rest of Africa — — — 4 665 3 282 3 438  Europe 2 819 2 691 2 040  North America — — — — — —  South America — — — — — — — — —  Asia, Australasia and Middle East — — — — — — Total operations 3 222 3 446 2 946 1 815 1 610 1 750 82 977 69 110 64 254 * The analysis of turnover is based on the location of the customer. ** The comparative financial results have been restated for the transfer of the Phenolics, Ammonia and Specialty Gases businesses from Performance Chemicals to Base Chemicals. The restatements were performed to align with the current strategy and to best reflect the basis in which the Chief Operating Decision Maker reviews and makes decision. Mining Exploration and Production Energy Earnings before interest 2019 2018 2017 2019 2018 2017 2019 2018 2017 and tax* Rm Rm Rm Rm Rm Rm Rm Rm Rm  South Africa 3 273 3 796 2 775 1 458 1 008 1 307 15 243 13 064 12 248  Rest of Africa — — — (1 282 ) )  Europe 1 249 1 131 ) — )  North America — — — (2 739 ) (3 595 ) ) — (1 010 ) (1 756 )  South America — — — — — — — — —  Asia, Australasia and Middle East ) ) 1 050 1 101 Total operations 4 701 5 244 3 725 ) (3 683 ) 16 566 14 081 11 218 * Includes equity accounted profits/(losses) remeasurement items and once-off share-based payment expenses. ** The comparative financial results have been restated for the transfer of the Phenolics, Ammonia and Specialty Gases businesses from Performance Chemicals to Base Chemicals. The restatements were performed to align with the current strategy and to best reflect the basis in which the Chief Operating Decision Maker reviews and makes decision. Non-current assets 2019 2018 2017 for the year ended 30 June Rm Rm Rm  South Africa 147 688 143 493 139 398  Rest of Africa 19 323 18 443 17 856  Europe 15 944 15 389 13 925  North America 189 560 165 742 125 983  South America  Asia, Australasia and Middle East 9 600 9 316 10 118 Total operations 382 116 352 384 307 281 Deferred tax asset 8 563 4 096 3 082 Post-retirement benefit assets 1 274 1 498 Total non-current assets 391 953 357 978 310 985 Base Chemicals** Performance Chemicals** Group Functions Total 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm 22 561 21 336 19 891 1 049 1 297 1 292 — — — 100 955 88 460 81 997 2 573 2 142 2 751 — 8 814 6 555 7 364 7 324 7 037 5 922 33 168 33 008 29 261 — — — 45 202 43 722 38 060 8 039 5 894 3 228 19 459 16 926 19 375 — — — 27 737 23 104 23 163 1 501 1 415 1 669 — — — 2 085 1 928 2 065 7 032 6 347 9 394 11 312 10 550 8 976 18 783 17 692 19 758 48 113 43 269 41 582 67 389 63 986 61 359 203 576 181 461 172 407 Base Chemicals** Performance Chemicals** Group Functions Total 2019 2018 2017 2019 2018 2017 2019 2018 2017 2019 2018 2017 Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm Rm ) (3 213 ) 2 899 1 547 1 340 (1 004 ) (7 617 ) ) 18 576 8 585 20 444 ) 2 754 3 530 2 984 5 017 6 012 3 910 (1 724 ) 1 221 (11 844 ) 1 809 3 049 (1 436 ) (17 743 ) (2 316 ) 1 871 — — — 2 332 1 714 1 301 1 118 3 022 4 552 4 266 (1 431 ) 6 888 (7 040 ) 7 853 8 737 (2 210 ) (6 666 ) 9 697 17 747 31 705

Statement of compliance (Tables

Statement of compliance (Tables)	12 Months Ended
	Jun. 30, 2019
Statement of compliance
Summary of impact of applying amendments to IAS 23	The impact of applying the amendment for the period ended 30 June 2019 is: Results Adjustment Results Rm Rm Rm Non-current assets Property, plant, equipment and assets under construction 358 135 1 998 360 133 Income statement Finance costs (3 251 ) 1 998 (1 253 )

Turnover (Tables)

Turnover (Tables)	12 Months Ended
	Jun. 30, 2019
Turnover
Schedule of revenue by major product line	2019 2018* 2017* for the year ended 30 June Rm Rm Rm Revenue by major product line Base Chemicals 48 113 43 262 41 573 Polymers 25 864 22 332 22 206 Solvents 13 178 12 948 11 619 Fertilisers and explosives 4 718 4 145 4 021 Other base chemicals** 4 353 3 837 3 727 Performance Chemicals 67 228 63 916 61 322 Organics 51 405 49 005 47 122 Waxes 8 474 8 456 8 197 Advanced materials 7 349 6 455 6 003 Upstream, Energy and Other Coal 3 222 3 446 2 946 Liquid fuels and crude oil*** 75 819 62 555 57 640 Gas (methane rich and natural gas) and condensate*** 5 986 5 411 5 625 Other (Technology, refinery services)**** 2 308 1 933 2 418 Revenue from contracts with customers 202 676 180 523 171 524 Revenue from other contracts (franchise rentals, use of fuel tanks and fuel storage) 203 576 181 461 172 407 * Sale of goods (2018 – R178 463 million; 2017 – R169 115 million), services rendered (2018 – R1 612 million; 2017 – R1 549 million) and other trading income (2018 – R1 386 million; 2017 – R1 743 million). ** Phenolics, Ammonia and Speciality Gases. *** Relate to the Exploration and Production International and Energy segments. **** Other includes revenue in relation to different insignificant performance obligations mainly for the Energy and Performance Chemicals segments.

Materials, energy and consuma_2

Materials, energy and consumables used (Tables)	12 Months Ended
	Jun. 30, 2019
Materials, energy and consumables used
Schedule of materials, energy and consumables used	2019 2018 2017 for the year ended 30 June Rm Rm Rm Cost of raw materials 79 774 66 928 63 291 Cost of energy and other consumables used in production process 10 815 9 678 8 145 90 589 76 606 71 436

Employee-related expenditure (T

Employee-related expenditure (Tables)	12 Months Ended
	Jun. 30, 2019
Employee-related expenditure
Schedule of employee related expenditures	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Analysis of employee costs Labour 30 706 28 448 26 646 salaries, wages and other employee-related expenditure 28 665 26 388 24 814 post-retirement benefits 2 041 2 060 1 832 Share-based payment expenses 1 219 1 565 equity-settled 1 659 cash-settled ) ) Total employee-related expenditure 31 925 30 013 26 872 Costs capitalised to projects (1 997 ) (2 545 ) (2 455 ) Per income statement 29 928 27 468 24 417
Schedule of the number of employees.	2019 2018 2017 for the year ended 30 June Number Number Number Permanent employees 31 112 31 020 30 600 Non-permanent employees 31 429 31 270 30 900 2019 2018 2017 for the year ended 30 June Number Number Number Business segmentation  Mining 7 402 7 471 7 483  Exploration and Production International  Energy 5 118 5 069 5 008  Base Chemicals 8 090 7 724 7 438  Performance Chemicals 5 667 5 600 5 435  Group Functions 4 733 4 976 5 120 Total operations* 31 429 31 270 30 900 * Increase mainly due to LCCP.

Translation gains_(losses) (Tab

Translation gains/(losses) (Tables)	12 Months Ended
	Jun. 30, 2019
Translation gains/(losses)
Schedule of translation gains/(losses)	2019 2018 2017 for the year ended 30 June Rm Rm Rm Arising from Trade and other receivables ) Trade and other payables ) ) Foreign currency loans ) Other ) ) ) (1 201 ) Business segmentation  Mining ) ) )  Exploration and Production International )  Energy ) ) )  Base Chemicals ) ) )  Performance Chemicals )  Group Functions 1 112 ) ) Total operations ) (1 201 )

Other operating expenses and _2

Other operating expenses and income (Tables)	12 Months Ended
	Jun. 30, 2019
Other operating expenses and income
Schedule of other operating expenses and income	2019 2018 2017 for the year ended 30 June Rm Rm Rm Rentals 1 845 1 497 1 367 Insurance Computer costs 2 155 2 042 1 991 Hired labour Audit remuneration Derivative losses/(gains) (including foreign exchange contracts)(1) 2 465 3 927 ) Professional fees 2 226 1 971 1 383 Enablement of digital and continuous improvement initiatives Other 1 772 1 562 1 366 Changes in rehabilitation provisions 1 096 ) Other expenses(2) 9 880 6 724 6 981 Other operating income (1 363 ) (1 410 ) (1 688 ) 19 701 15 305 11 349 (1) Relates mainly to the group’s hedging activities which includes a loss of R1,5 billion on the reclassification of the interest rate swap to profit and loss on termination of the hedge relationship, refer note 40. (2) Increase relates mainly to growth cost relating to the LCCP and high-density polyethyline (HDPE) plants that have reached beneficial operation.

Net finance costs (Tables)

Net finance costs (Tables)	12 Months Ended
	Jun. 30, 2019
Net finance costs
Schedule of net finance costs, finance income	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Finance income Dividends received from investments Notional interest received — Interest received on 1 191 1 508 other long-term investments loans and receivables cash and cash equivalents 1 123 Per income statement 1 716 1 568 Less: notional interest — ) ) Less: interest received on tax ) ) ) Per the statement of cash flows 1 565 1 464
Schedule of net finance costs, finance costs	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Finance costs Debt 6 088 4 166 3 463 debt 6 044 3 880 3 162 interest rate swap — net settlements Preference share dividends Finance leases (refer note 16) Other(1) ) 6 613 5 903 4 916 Amortisation of loan costs Notional interest Total finance costs 8 195 7 327 6 029 Amounts capitalised to assets under construction(2) (6 942 ) (3 568 ) (2 764 ) Per income statement 1 253 3 759 3 265 Total finance costs before amortisation of loan costs and notional interest 6 613 5 903 4 916 Add: modification gain — — Less: interest accrued on long-term debt (1 025 ) ) ) Less: interest reversed/(accrued) on tax payable(1) ) ) Per the statement of cash flows 6 222 4 797 3 612 (1) Interest (reversed)/accrued on tax payable relates mainly to our tax litigation claim. Refer to note 12. (2) Finance costs capitalised increased due to higher assets under construction and the adoption of the amendment of IAS23 ‘Borrowing Costs’ on 1 July 2018, which resulted in higher capitalisation of costs.

Earnings and dividends per sh_2

Earnings and dividends per share (Tables)	12 Months Ended
	Jun. 30, 2019
Earnings and dividends per share
Schedule of earnings and dividends per share	2019 2018 2017 for the year ended 30 June Rand Rand Rand Attributable to owners of Sasol Limited Basic earnings per share Headline earnings per share Diluted earnings per share Diluted headline earnings per share Dividends per share interim final* — * Declared subsequent to 30 June and has been presented for information purposes only. for the year ended 30 June 2019 2018 2017 Weighted average number of shares million Earnings attributable to owners of Sasol Limited Rm 4 298 8 729 20 374 Basic earnings per share Rand Headline earnings per share (HEPS) 2019 2018 2017 for the year ended 30 June million million million Weighted average number of shares 2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Headline earnings is determined as follows: Earnings attributable to owners of Sasol Limited 4 298 8 729 20 374 Adjusted for: Effect of remeasurement items for subsidiaries and joint operations, net of tax 14 628 8 058 1 077 gross remeasurement items 18 645 9 901 1 616 tax effect and non-controlling interest effect (4 017 ) (1 843 ) ) Effect of remeasurement items for equity accounted investments Headline earnings 18 941 16 798 21 465 2019 2018 2017 for the year ended 30 June Rand Rand Rand Headline earnings attributable to owners of Sasol Limited Headline earnings per share Number of shares 2019 2018 2017 for the year ended 30 June million million million Weighted average number of shares Potential dilutive effect of long-term incentive scheme* Potential dilutive effect of Sasol Khanyisa Tier 1 — — Diluted weighted average number of shares for DEPS and DHEPS * On 25 November 2016, the cash-settled LTI scheme was converted to an equity-settled share scheme. 2019 2018 2017 for the year ended 30 June Rm Rm Rm Diluted earnings is determined as follows: Earnings attributable to owners of Sasol Limited 4 298 8 729 20 374 Diluted earnings attributable to owners of Sasol Limited 4 298 8 729 20 374 Diluted headline earnings is determined as follows: Headline earnings attributable to owners of Sasol Limited 18 941 16 798 21 465 Diluted headline earnings attributable to owners of Sasol Limited 18 941 16 798 21 465 2019 2018 2017 for the year ended 30 June Rand Rand Rand Diluted earnings per share Diluted headline earnings per share

Remeasurement items affecting_2

Remeasurement items affecting operating profit (Tables)	12 Months Ended
	Jun. 30, 2019
Remeasurement items affecting operating profit
Schedule of remeasurement items affecting operating profit	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Effect of remeasurement items for subsidiaries and joint operations Impairment of 18 451 9 115 2 477 property, plant and equipment 14 161 7 623 assets under construction 4 272 1 492 1 942 goodwill and other intangible assets — other assets — — Reversal of impairment of ) ) (1 136 ) property, plant and equipment ) — ) assets under construction ) ) ) goodwill and other intangible assets — ) — equity accounted investments — ) ) other assets — ) — Fair value write down — assets held for sale — — Loss/(profit) on 1 109 disposal of property, plant and equipment ) ) ) disposal of goodwill and other intangible assets — disposal of other assets — ) — disposal of businesses ) ) ) scrapping of property, plant and equipment disposal and scrapping of assets under construction 1 200 Write-off of unsuccessful exploration wells — Remeasurement items per income statement 18 645 9 901 1 616 Tax effect (4 012 ) (1 834 ) ) Non-controlling interest effect ) ) ) Total remeasurement items for subsidiaries and joint operations, net of tax 14 628 8 058 1 077 Effect of remeasurement items for equity accounted investments Total remeasurement items for the group, net of tax 14 643 8 069 1 091
Schedule of main assumptions used for impairment calculations	2019 2018 2017 Long-term average crude oil price (Brent) (nominal)* US$/bbl Long-term average gas price (Henry Hub), excluding margins (real)* US$/mmbtu Long-term average ethane price (nominal)* US$c/gal Long-term average ammonia price* Rand/ton 4 258,54 5 807,46 6 392,85 Long-term average exchange rate* Rand/US$ * Assumptions are provided on a long-term average basis. Oil price, ammonia price and exchange rate assumptions are calculated based on a five year period, while the ethane price is based on a ten year period. The Henry Hub gas price is calculated until 2041, linked to the plant’s useful life. South United Europe Canada % % % % Growth rate — long-term Producer Price Index 2019 Weighted average cost of capital* 2019 7,18 – 9,48 Discount rate — risk adjusted 2019 7,18 – 9,48 Growth rate — long-term Producer Price Index 2018 Weighted average cost of capital* 2018 7,68 – 9,35 Discount rate — risk adjusted 2018 7,68 – 9,35 Growth rate — long-term Producer Price Index 2017 Weighted average cost of capital* 2017 6,60 – 8,22 Discount rate — risk adjusted 2017 6,60 – 8,22 9,50 – 9,80 * Calculated using spot market factors on 30 June.
Schedule of significant impairments and reversals	Significant impairment (reversals of impairment) of assets in 2019 Property, Assets Goodwill Other Total Business 2019 2019 2019 2019 2019 Cash-generating unit (CGU) segmentation Rm Rm Rm Rm Rm Tetramerization value chain (LCCP) Performance Chemicals 3 929 3 474 — — 7 403 Ethylene Oxide/Ethylene Glycol value chain (LCCP) Performance Chemicals 4 662 — — 5 460 Ammonia value chain Base Chemicals 3 347 — — — 3 347 Sasol Canada — Shale gas assets Exploration and Production International 1 947 — — — 1 947 Chlor Vinyls value chain Base Chemicals ) ) — — ) High Purity Alumina assets Performance Chemicals — — — Sasol Wilmar Alcohol Industries Performance Chemicals — Other Various — — — 13 511 3 973 17 502

Disposals and scrapping (Tables

Disposals and scrapping (Tables)	12 Months Ended
	Jun. 30, 2019
Disposals and scrapping
Schedule of disposals and scrapping	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Property, plant and equipment cost 7 245 6 297 7 037 accumulated depreciation and impairment (6 537 ) (5 706 ) (6 201 ) Assets under construction 1 200 Goodwill and other intangible assets cost accumulated amortisation and impairment ) ) ) Equity accounted investments — 1 525 — Long-term receivables and prepaid expenses — — Assets in disposal groups held for sale — Trade and other receivables — Cash and cash equivalents — — Liabilities in disposal groups held for sale ) — — Short-term provisions — ) — Tax payable — ) — Trade and other payables — ) ) 1 728 3 786 1 028 Non-controlling interest — ) — 1 728 3 735 1 028 Total consideration 2 425 consideration received 2 316 long-term supply agreement — — (1 161 ) (1 310 ) ) Realisation of accumulated translation effects Net loss on disposal (1 109 ) ) ) Consideration received comprising Performance Chemicals — Heat Transfer Fuels (HTF) business — — Base Chemicals — Investment in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd — 1 918 — Energy — Property and mineral rights in the US (Lake de Smet) — — Energy — Sale of Canada land — — Other Consideration received 2 316

Disposal group held for sale (T

Disposal group held for sale (Tables)	12 Months Ended
	Jun. 30, 2019
Disposal groups held for sale
Schedule of disposal groups held for sale	2019 2018 for the year ended 30 June Rm Rm Assets in disposal groups held for sale Base Chemicals — Explosives business 1 404 — Base Chemicals — Investment in Sasol Huntsman GmbH & co KG — Performance Chemicals — Sasol Wilmar Alcohol Industries — Performance Chemicals — Heat Transfer Fuels (HTF) business — Other 2 554 Liabilities in disposal groups held for sale Base Chemicals — Explosives business ) — Performance Chemicals — Sasol Wilmar Alcohol Industries ) — Performance Chemicals — Heat Transfer Fuels (HTF) business — ) ) ) Business segmentation  Mining —  Energy —  Base Chemicals 1 852 —  Performance Chemicals Total operations 2 066

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Jun. 30, 2019
Taxation
Schedule of taxation	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm South African normal tax 3 206 4 035 4 393 current year 3 804 4 689 3 887 prior years ) ) Dividend withholding tax — Foreign tax 2 640 2 530 2 682 current year 2 544 3 035 2 680 prior years ) Income tax 5 846 6 633 7 134 Deferred tax — South Africa 2 086 ) 2 677 current year 2 069 ) 2 634 prior years Deferred tax — foreign (4 775 ) ) (1 316 ) current year* (4 831 ) ) ) prior years ) recognition of previously unrecognised deferred tax assets** — ) ) tax rate change ) ) 3 157 5 558 8 495 * Increase in the current year relates mainly to tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against. ** Included in the previous years is the recognition of a deferred tax asset relating to the accumulated tax losses in Italy which were previously limited in line with the forecasted utilisation thereof. In 2017, profits and a successful business turnaround strategy have resulted in the recognition of a previously unrecognised deferred tax asset of EUR25,4 million (R377,2 million). Additionally in 2017 R93 million of previously unrecognised tax assets were recognised after the approval of the Production Sharing Agreement (PSA) licence area’s Field Development Plan (FDP) in Mozambique. 2019 2018 2017 for the year ended 30 June Rm Rm Rm Regional analysis  South Africa 5 285 3 994 7 013  Rest of Africa 1 465  Europe 1 276 1 649  United States of America (4 913 ) (1 032 ) )  Other Total operations 3 157 5 558 8 495
Schedule of reconciliation of effective tax rate to current tax rate	2019 2018 2017 % % % Reconciliation of effective tax rate The table below shows the difference between the South African enacted tax rate (28%) compared to the effective tax rate in the income statement. Total income tax expense differs from the amount computed by applying the South African normal tax rate to profit before tax. The reasons for these differences are: South African normal tax rate Increase in rate of tax due to: disallowed preference share dividends disallowed expenditure(1) disallowed share-based payment expenses(2) different tax rates(3) effect of tax litigation matters(4) — — tax losses not recognised(5) prior year adjustments — other adjustments Decrease in rate of tax due to: exempt income(6) ) ) ) share of profits of equity accounted investments ) ) ) effect of tax litigation matters(4) ) — — recognition of previously unrecognised deferred tax assets — — ) utilisation of tax losses ) ) — investment incentive allowances(7) ) ) ) effect of tax rate change in the US — ) — translation differences ) ) ) prior year adjustments — — ) other adjustments ) ) ) Effective tax rate Adjusted effective tax rate(8) (1) Includes non-deductible expenses incurred not deemed to be in the production of taxable income mainly relating to exploration activities and non-productive interest in our treasury function. (2) This relates to the share based payment expense on the Sasol Khanyisa transaction. (3) Relates mainly to the impact of lower tax rate in the US on the increases in tax losses incurred during the year. (4) 2019 includes reversal of tax and interest pertaining to Sasol Oil and 2017, includes tax, interest and penalties. (5) Tax losses not recognised resulted mainly from the R1,9 billion (2018 – R2,8 billion) impairment of the Canadian shale gas asset and the Mozambique PSA impairment of R1,1 billion in 2018 for which no deferred tax asset was raised. Refer note 9. (6) 2018, includes profit on disposal of our investments in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd. (7) Energy efficiency allowances relating to our South African operations increased by R4,2 billion compared to the prior year. (8) Effective tax rate adjusted for equity accounted investments, remeasurement items and once-off items.

Tax paid (Tables)

Tax paid (Tables)	12 Months Ended
	Jun. 30, 2019
Tax paid
Schedule of tax paid	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Net amounts receivable at beginning of year ) ) (1 609 ) Disposal of businesses ) ) — Net interest and penalties on tax* ) Income tax per income statement 5 846 6 633 7 134 Reclassification to held for sale — — Foreign exchange differences recognised in income statement ) ) Translation of foreign operations ) 4 255 6 057 5 717 Net tax payable per statement of financial position ) tax payable (1 039 ) (2 318 ) (1 903 ) tax receivable 3 302 2 538 Per the statement of cash flows 3 946 7 041 6 352 Comprising Normal tax South Africa 4 681 3 984 Foreign 3 013 2 292 2 309 Dividend withholding tax — 3 946 7 041 6 352 * 2019, relates to the reversal of interest pertaining to the Sasol Oil matter.

Deferred tax (Tables)

Deferred tax (Tables)	12 Months Ended
	Jun. 30, 2019
Deferred tax
Schedule of deferred tax	2019 2018 for the year ended 30 June Note Rm Rm Reconciliation Balance at beginning of year 21 812 22 778 Current year charge (2 819 ) ) per the income statement (2 689 ) (1 075 ) per the statement of comprehensive income ) Reclassification to held for sale ) — Foreign exchange differences recognised in income statement Translation of foreign operations ) Balance at end of year 19 023 21 812 Comprising Deferred tax assets (8 563 ) (4 096 ) Deferred tax liabilities 27 586 25 908 19 023 21 812 2019 2018 for the year ended 30 June Rm Rm Attributable to the following tax jurisdictions  South Africa 25 065 22 501  United States of America (4 998 )  Germany ) )  Mozambique  Other (1 053 ) (1 325 ) 19 023 21 812 Deferred tax is attributable to temporary differences on the following: Net deferred tax assets: Property, plant and equipment 2 003 1 194 Short- and long-term provisions (2 851 ) (1 296 ) Calculated tax losses (7 329 ) (3 267 ) Other ) ) (8 563 ) (4 096 ) Net deferred tax liabilities: Property, plant and equipment 33 342 32 233 Current assets (1 147 ) ) Short- and long-term provisions (4 061 ) (4 991 ) Calculated tax losses ) ) Financial derivatives Other ) ) 27 586 25 908 2019 2018 for the year ended 30 June Rm Rm Calculated tax losses (before applying the applicable tax rate) Available for offset against future taxable income 48 444 23 893 Utilised against the deferred tax balance (29 745 ) (6 272 ) Not recognised as a deferred tax asset(1) 18 699 17 621 Deferred tax assets not recognised on tax losses mainly relate to Sasol’s exploration and development entities, where future taxable income is uncertain. Calculated tax losses carried forward that have not been recognised: Expiry between three and five years Expiry thereafter 2 212 2 052 Indefinite life 15 775 15 193 18 699 17 621 (1) Included are calculated tax losses of R15,5 billion relating to Sasol Canada.
Schedule of unremitted earnings	2019 2018 for the year ended 30 June Rm Rm Unremitted earnings at end of year that would be subject to dividend withholding tax 28 150 45 280 Europe 10 808 12 555 Rest of Africa 2 675 2 346 United States of America* 10 486 23 591 Other 4 181 6 788 Tax effect if remitted 1 012 1 718 Europe Rest of Africa United States of America 1 179 Other * Decrease in the current year relates mainly to tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against.
Schedule of dividend withholding tax	2019 2018 for the year ended 30 June Rm Rm Undistributed earnings at end of year subjected to dividend withholding tax withheld by the company on behalf of Sasol Limited shareholders 180 692 185 064 Maximum withholding tax payable by shareholders if distributed to individuals 36 138 37 013

Share capital (Tables)

Share capital (Tables)	12 Months Ended
	Jun. 30, 2019
Share capital.
Schedule of share capital	2019 2018 2017 for the year ended 30 June Rm Rm Rm Issued share capital (as per statement of changes in equity)* 9 888 15 775 29 282 Number of shares for the year ended 30 June 2019 2018 2017 Authorised Sasol ordinary shares of no par value 1 127 690 590 1 127 690 590 1 127 690 590 Sasol preferred ordinary shares of no par value 28 385 646 28 385 646 28 385 646 Sasol BEE ordinary shares of no par value 158 331 335 158 331 335 18 923 764 1 314 407 571 1 314 407 571 1 175 000 000 Issued Shares issued at beginning of year 645 560 928 679 822 439 679 775 162 Issued in terms of the employee share schemes 1 566 581 1 776 361 47 277 Repurchase and cancellation of shares* (16 085 199 ) (43 503 454 ) — Issued in terms of Sasol Khanyisa (13 992 ) 7 465 582 — Shares issued at end of year 631 028 318 645 560 928 679 822 439 Comprising Sasol ordinary shares of no par value 624 696 971 623 081 550 651 436 793 Sasol preferred ordinary shares of no par value — 16 085 199 25 547 081 Sasol BEE ordinary shares of no par value 6 331 347 6 394 179 2 838 565 631 028 318 645 560 928 679 822 439 Unissued shares Sasol ordinary shares of no par value 502 993 619 504 609 040 476 253 797 Sasol preferred ordinary shares of no par value 28 385 646 12 300 447 2 838 565 Sasol BEE ordinary shares of no par value 151 999 988 151 937 156 16 085 199 683 379 253 668 846 643 495 177 561 * On 7 September 2018, 16 085 199 preferred ordinary shares were repurchased from Inzalo Public Funding (RF) Proprietary Limited at a purchase price of R542,11 per share as per the shareholders authorisation obtained at the Annual General Meeting held on 17 November 2017, which had the effect that these shares were cancelled and restored to authorised share capital. On 26 June 2018, 9 461 882 Sasol Limited preferred ordinary shares were repurchased from Inzalo Groups Funding at a purchase price of R475,03 per share as per the shareholders authorisation obtained at the Annual General Meeting held on 17 November 2017, which had the effect that these shares were cancelled and restored to authorised share capital. On 4 June 2018, 25 231 686 Sasol Limited ordinary shares were repurchased from the Inzalo Employee schemes at a nominal value of R0,01 per share (as per Sasol’s rights of repurchase under the Inzalo Employee schemes trust deeds). The Inzalo Employee scheme participants did not receive a distribution of Sasol Limited ordinary shares. On 26 February 2018, 8 809 886 Sasol Limited ordinary shares were repurchased from its wholly owned subsidiary, Sasol Investment Company (Pty) Ltd as per shareholders approval obtained at the Annual General Meeting held on 17 November 2017, which had the effect that these shares were cancelled and restored. At 30 June 2016, these shares represented 1,43% of the issued share capital of the company, excluding the Sasol Inzalo share transaction.

Long-term debt and finance le_2

Long-term debt and finance leases (Tables)	12 Months Ended
	Jun. 30, 2019
Long-term debt and finance leases
Schedule of long-term debt and finance leases	2019 2018 for the year ended 30 June Note Rm Rm Total long-term debt 137 339 109 454 Short-term portion (2 544 ) (12 763 ) 134 795 96 691 Comprising: Long-term debt 127 350 89 411 Finance leases 7 445 7 280 134 795 96 691 Analysis of long-term debt and finance leases At amortised cost Secured debt(1) 6 602 62 601 Preference shares — 7 493 Finance leases 7 770 7 624 Unsecured debt* 123 555 32 513 Unamortised loan costs ) ) 137 339 109 454 Reconciliation Balance at beginning of year 109 454 81 405 Loans raised 94 002 31 061 proceeds from new loans* 93 884 24 961 finance leases acquired 6 100 Loans repaid** (70 000 ) (9 199 ) Modification gain ) — Interest accrued 1 025 Amortisation of loan costs Translation effect of foreign currency loans Translation of foreign operations 2 033 4 825 Balance at end of year 137 339 109 454 Interest-bearing status Interest-bearing debt 136 394 108 017 Non-interest-bearing debt 1 437 137 339 109 454 Maturity profile Within one year 2 544 12 763 One to five years 113 447 72 899 More than five years 21 348 23 792 137 339 109 454 Business segmentation  Mining —  Exploration and Production International —  Energy 8 893 9 503  Base Chemicals 5 503 33 716  Performance Chemicals 1 466 27 914  Group Functions 121 477 36 858 Total operations 137 339 109 454 (1) The LCCP term loan was repaid with the proceeds from the US dollar bonds issued in September 2018 and the subsequent draw down of the term loan and revolving credit facility. * Loans raised to fund US growth projects. ** 2019 relate mainly to the settlement of the LCCP term loan, discharging the completion guarantee issued in respect of the LCCP and the settlement of the Inzalo Public debt. 2018 mainly relates to the repayment of the Inzalo Groups debt. 2019 2018 Rm Rm Total long-term debt (before unamortised loan costs)*** 141 198 109 984 Interest rate at 2019 2018 Terms of repayment Security Business Currency 30 June 2019 Rm Rm Secured debt Repayable in bi-annual instalments ending December 2021(1) Secured by assets under construction with a carrying value of 2018 — R140 912 million and other assets with a carrying value of 2018 — R24 368 million Base and Performance Chemicals (US Operations) US dollar — 54 953 Repayable in quarterly instalments ending August 2024 Secured by property, plant and equipment with a carrying value of R4 183 million (2018 — R4 551 million). Base Chemicals US dollar Libor + 2,5% 2 735 2 765 Repayable in bi-annual instalments ending June 2022 Secured by property, plant and equipment with a carrying value of R4 941 million (2018 — R5 415 million) Energy (Rompco) Rand Jibar + 1,75% 2 590 3 473 Repayable in bi-annual instalments ending February 2030 Secured by shares, property, plant and equipment with a carrying value of R1 480 million (2018 — R1 443 million) Energy (CTRG) US dollar Libor + 5,5% 1 093 1 183 Various Various Various 6 602 62 601 Preference shares A preference shares repayable in semi-annual instalments between June 2008 and September 2018(2) Secured by Sasol preferred ordinary shares held by the company Group Functions (Inzalo) Rand — B preference shares repayable between June 2008 and September 2018(2) Secured by Sasol preferred ordinary shares held by the company Group Functions (Inzalo) Rand — C preference shares repayable September 2018(2) Secured by guarantee from Sasol Limited Group Functions (Inzalo) Rand — 5 822 A preference shares repayable between March 2013 and September 2018 Secured by preference shares held in Sasol Mining (Pty) Ltd Mining (Ixia) Rand — — 7 493 (1) The US$4 billion secured term loan was settled during the year with the proceeds from the US$2,25 billion bond issued in September 2018 together with a US$1,65 billion term loan and a RCF of US$150 million incurred in June 2019. (2) The A, B and C preference share debt relating to the Sasol Inzalo Public share transaction was settled on 10 September 2018. Interest rate at 2019 2018 Terms of repayment Security Business Currency 30 June 2019 Rm Rm Finance leases Repayable in monthly instalments over 1 to 37 years ending December 2056 Secured by plant and equipment with a carrying value R7 369 million (2018 – R7 541 million) Energy, Base and Performance Chemicals Various Fixed 2,36% to 16,58% and variable 8% to 9,5% 7 673 7 521 Other finance leases Underlying assets Various Various Various 7 770 7 624 14 372 77 718 Interest rate at 2019 2018 Terms of repayment Business Currency 30 June 2019 Rm Rm Unsecured debt Various repayment terms ending April 2031 Various Various Various 1 779 1 567 Repayable in July 2018(1) Exploration and Production International Canadian dollar — Various repayment terms Energy Rand Fixed 8,0% Various repayment terms from November 2022 to November 2023(2)(3) Group Functions (Sasol Financing International) US dollar Fixed 4,5% and variable Libor + 1% 63 548 29 014 Various repayment terms from June 2024 to September 2028(4)(5) Group Functions (Sasol Financing USA) US dollar Fixed 5,8% to 6,5% and variable Libor + 1% to 1,4% 57 602 — Repayable in bi-annual instalments ending December 2018 Mining Rand — Total unsecured debt 123 555 32 513 Total long-term debt 137 927 110 231 Unamortised loan costs (amortised over period of debt using the effective interest rate method) ) ) 137 339 109 454 Short-term portion of long-term debt (2 544 ) (12 763 ) 134 795 96 691 (1) The carry of CAD75 million (R780 million) was repaid on 3 July 2018. (2) Included in this amount is the US$1 billion (R14 billion) bond, with a fixed interest rate of 4,5% which is listed on the New York Stock Exchange and is recognised in Sasol Financing International Limited, a 100% owned subsidiary of the group. 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. (3) During the year Sasol Financing International Limited, drew down on its revolving credit facility US$2,6 billion to fund mainly the LCCP. (4) In September 2018 Sasol Financing USA LLC issued bonds to the value of US$1,50 billion and US$0,75 billion respectively and in June 2019 incurred a term loan of US$1,65 billion and a revolving credit facility of US$150 million. The proceeds were utilised to fully repay the US$4 billion secured term loan. (5) Included in this amount is the US$2,25 billion (R31,7 billion) bonds, with fixed interest rates of 5,88% and 6,5% which are listed on the New York Stock Exchange and is recognised in Sasol Financing USA LLC, a 100% owned subsidiary of the group. Sasol Limited has fully and unconditionally guaranteed the bond. There are no restrictions on the ability of Sasol Limited to obtain funds from the finance subsidiary by dividend or loan.
Schedule of Lake Charles Chemicals Project funding profile	Total Cash utilised Remaining Rand at 30 June 2019 US$m US$m US$m equivalent Lake Charles Chemicals Project funding profile Term loan 1 650 1 650 — — Bonds 2 250 2 250 — — Available cash, cash flow from operations and general borrowings 9 000 7 533 1 467 20 655 Total funding requirement 12 900 * 11 433 1 467 20 655 * Includes the US$300 million contingency
Schedule of liquidity available from borrowings	Contract Total Utilised Available 30 June 2019 Expiry date Currency million Rm Rm Rm Banking facilities and debt arrangements Group treasury facilities Commercial paper (uncommitted)(1) None Rand 8 000 8 000 — 8 000 Commercial banking facilities None Rand 10 300 10 300 9 347 Revolving credit facility November 2023 US dollar 3 900 54 915 49 283 5 632 Revolving credit facility(3) June 2024 US dollar 2 112 2 112 — Debt arrangements US Dollar Bond November 2022 US dollar 1 000 14 081 14 081 — US Dollar Bond(2) March 2024 US dollar 1 500 21 121 21 121 — US Dollar Bond(2) September 2028 US dollar 10 561 10 561 — US Dollar term loan(3) June 2024 US dollar 1 650 23 233 23 233 — Other Sasol businesses Specific project asset finance Energy — Republic of Mozambique Pipeline Investments Company (Rompco) June 2022 Rand 2 511 2 511 2 511 — Energy — Republic of Mozambique Pipeline Investments Company (Rompco) December 2019 Rand — Energy — Clean Fuels II (Natref) Various Rand 1 948 1 948 1 948 — Debt arrangements Other debt arrangements Various — — 11 149 — 137 023 22 979 Available cash 13 339 Total funds available for use 36 318 Total utilised facilities 137 023 Accrued interest 1 025 Unamortised loan cost Total debt including accrued interest and unamortised loan cost 138 636 Comprising Long-term debt 134 795 Short-term debt 3 783 Short-term debt 1 239 Short-term portion of long-term debt 2 544 Bank overdraft 138 636 (1) In August 2019, Sasol issued its inaugural paper to the value of R2 176 million in the local debt market under the current Domestic Medium Term Note (DMTN) programme, at 130 basis points above 3 month Jibar. The net proceeds from the notes issue will be used for general corporate purposes and to refinance existing facilities. (2) In September 2018 Sasol Financing USA LLC issued bonds to the value of US$1,50 billion and US$0,75 billion respectively. The net proceeds from the bonds of US$2,24 billion were used to partially repay the US$4,0 billion secured term loan. (3) In June 2019 Sasol Financing USA LLC obtained a term loan of US$1,65 billion and a revolving credit facility of US$150 million, the proceeds of which were utilised to fully repay the remainder of the US$4 billion secured term loan.

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Jun. 30, 2019
Property, plant and equipment..
Schedule of detailed information about property, plant and equipment	Land Building Plant, Mineral Total for the year ended 30 June Rm Rm Rm Rm Rm Carrying amount at 30 June 2018 2 744 8 537 127 336 28 840 167 457 Additions 1 360 2 720 to sustain existing operations 1 360 2 401 to expand operations — — — Net reclassification (to)/from other assets ) ) ) ) Reduction in rehabilitation provisions capitalised (note 31) — — ) — ) Projects capitalised 1 452 7 281 83 768 3 583 96 084 Reclassification to held for sale ) ) ) — ) Translation of foreign operations ) ) Disposals and scrapping ) ) ) ) ) Current year depreciation charge — ) (13 607 ) (3 285 ) (17 535 ) Net impairment of property, plant and equipment — ) (11 956 ) (1 543 ) (13 511 ) Carrying amount at 30 June 2019 4 202 15 434 185 235 28 678 233 549 Land Building Plant, Mineral Total for the year ended 30 June Rm Rm Rm Rm Rm Carrying amount at 30 June 2017 1 357 7 851 117 699 31 866 158 773 Additions 6 327 6 992 to sustain existing operations 4 279 4 606 to expand operations — 2 048 — 2 386 Net reclassification from/(to) other assets ) ) — Reduction in rehabilitation provisions capitalised (note 31) — ) ) ) ) Disposal of business — — ) — ) Projects capitalised 1 268 19 990 3 130 25 316 Reclassification (to)/from held for sale ) ) — ) Translation of foreign operations 1 512 ) 1 639 Disposals and scrapping ) ) ) ) ) Current year depreciation charge — ) (12 445 ) (3 030 ) (16 047 ) Net impairment of property, plant and equipment — — (5 329 ) (2 294 ) (7 623 ) Carrying amount at 30 June 2018 2 744 8 537 127 336 28 840 167 457 Land Building Plant, Mineral Total for the year ended 30 June Rm Rm Rm Rm Rm 2019 Cost 4 403 23 034 316 548 74 769 418 754 Accumulated depreciation and impairment ) (7 600 ) (131 313 ) (46 091 ) (185 205 ) 4 202 15 434 185 235 28 678 233 549 2018 Cost 3 036 15 652 239 262 70 386 328 336 Accumulated depreciation and impairment ) (7 115 ) (111 926 ) (41 546 ) (160 879 ) 2 744 8 537 127 336 28 840 167 457 2017 Cost 1 630 14 231 215 017 67 880 298 758 Accumulated depreciation and impairment ) (6 380 ) (97 318 ) (36 014 ) (139 985 ) 1 357 7 851 117 699 31 866 158 773 2019 2018 Rm Rm Business segmentation  Mining 23 540 22 584  Exploration and Production International 6 076 7 646  Energy 48 924 47 743  Base Chemicals 77 339 46 874  Performance Chemicals 74 313 39 274  Group Functions 3 357 3 336 Total operations 233 549 167 457 2019 2018 2017 for the year ended 30 June Rm Rm Rm Additions to property, plant and equipment (cash flow) Current year additions 2 720 6 992 1 112 Adjustments for non-cash items (1 491 ) (6 278 ) ) movement in environmental provisions capitalised (1 387 ) ) ) movement in long-term debt* ) (6 100 ) — other non-cash movements — — ) Per the statement of cash flows 1 229 * 2018, additions include the Air Separation Unit at SSO of R3,4 billion and the Lake Charles Chemical Project rail yard and wash bay leases of R1,8 billion that commenced during the year.
Schedule of recognised finance lease as assets by lessee	2019 2018 for the year ended 30 June Rm Rm Leased assets Carrying value of capitalised leased assets (included in plant, equipment and vehicles) 7 423 7 547 cost 9 316 9 116 accumulated depreciation (1 893 ) (1 569 )
Schedule of capital commitments (excluding equity accounted investments)	2019 2018 for the year ended 30 June Rm Rm Capital commitments (excluding equity accounted investments) Capital commitments, excluding capitalised interest, include all projects for which specific board approval has been obtained. Projects still under investigation for which specific board approvals have not yet been obtained are excluded from the following: Authorised and contracted for 212 848 179 172 Authorised but not yet contracted for 43 097 47 338 Less expenditure to the end of year (195 850 ) (156 583 ) 60 095 69 927 * to sustain existing operations 29 654 26 925 to expand operations 30 441 43 002 Estimated expenditure Within one year 32 194 44 801 One to five years 27 901 25 126 60 095 69 927 * Business segmentation  Mining 2 372 2 640  Exploration and Production International 19 795 18 811  Energy 10 390 10 320  Base Chemicals 16 504 21 125  Performance Chemicals 10 434 16 432  Group Functions Total operations 60 095 69 927 * Significant capital commitments at 30 June comprise of: 2019 2018 Project Project location Business segment Rm Rm Lake Charles Chemicals Project* United States Base and Performance Chemicals 11 856 22 084 Mozambique exploration and development Mozambique Exploration and Production International 17 375 17 108 Sixth fine ash dam Secunda Energy 2 302 3 720 Shutdown and major statutory maintenance Various Energy, Base and Performance Chemicals 5 949 6 172 Renewal projects Secunda and Sasolburg Energy, Base and Performance Chemicals 4 578 5 003 Mulalo project: 132 kilo volt electrical infrastructure Secunda Energy, Base and Performance Chemicals 1 329 — Steam Station 2 NOx Abatement Sasolburg Base and Performance Chemicals 1 168 Steam Station 1 Air Quality Compliance Sasolburg Base and Performance Chemicals — Mozambique drilling campaign and infield compression Mozambique Exploration and Production International — Clean fuels II: To meet legislated fuel specifications Secunda Energy — China Ethoxylation plant China Performance Chemicals Air Liquide — air separation unit Secunda Energy, Base and Performance Chemicals — Refurbishment of equipment Secunda Mining Etame field development Gabon Exploration and Production International — Mine geographical expansions Secunda Mining Natref air quality compliance projects Sasolburg Energy Impumelelo Colliery to maintain Brandspruit Colliery operation Secunda Mining Coal tar filtration east and west project Secunda Energy, Base and Performance Chemicals Other capital commitments Various Various 11 369 12 719 60 095 69 927 * The LCCP capital commitment excludes the remaining contingency of US$216 million. During the year a misstatement was identified in the calculation of the LCCP capital cost estimate that was included in the capital commitment disclosure as at 30 June 2018. The misstatment related to the inaccurate estimation of the cost still to be incurred on the project. Accordingly, the capital commitments disclosure as at 30 June 2018 that were originally presented as R63 276 million has been revised by R6 651 million (US$484 million) to R69 927 million. Management concluded that the revision is not material to the financial statements.
Schedule of depreciation and amortisation expense	Buildings and improvements 1 – 17%, units of production over life of related reserve base Retail convenience centres 3 – 5 % Plant 2 – 50 % Equipment 3 – 91 % Vehicles 5 – 33 % Mineral assets Units of production over life of related reserve base Life-of-mine coal assets Units of production over life of related reserve base

Assets under construction (Tabl

Assets under construction (Tables)	12 Months Ended
	Jun. 30, 2019
Assets under construction
Schedule of assets under construction	Property Other Exploration Total for the year ended 30 June Rm Rm Rm Rm Balance as at 30 June 2018 163 783 1 125 165 361 Additions 52 786 53 142 to sustain existing operations 21 739 — 21 984 to expand operations 31 047 31 158 Net reclassification from/(to) other assets ) — Finance costs capitalised 6 942 — — 6 942 Net impairment of assets under construction (3 973 ) — ) (4 007 ) Reclassification to disposal groups held for sale ) — — ) Projects capitalised (96 084 ) ) — (96 900 ) Translation of foreign operations 3 971 4 001 Disposals and scrapping* ) — — ) Balance at 30 June 2019 126 327 127 764 * Determining as to whether, and how much, cost incurred on a project is abnormal and needs to be scrapped, involves judgement. The factors considered by management include the scale and complexity of the project, the technology being applied and input from experts. Property Other Exploration Total for the year ended 30 June Rm Rm Rm Rm Balance as at 30 June 2017 129 124 1 245 130 734 Additions 51 871 52 806 to sustain existing operations 18 889 — 19 127 to expand operations 32 982 33 679 Net reclassification from/(to) other assets ) — Finance costs capitalised 3 568 — — 3 568 Net impairment of assets under construction (1 478 ) — ) (1 790 ) Reduction in rehabilitation provision capitalised (note 31) ) — ) ) Projects capitalised (25 315 ) ) — (25 769 ) Translation of foreign operations 7 464 ) 7 475 Disposals and scrapping (1 152 ) — ) (1 200 ) Balance at 30 June 2018 163 783 1 125 165 361 2019 2018 for the year ended 30 June Rm Rm Business segmentation  Mining 2 268 2 095  Exploration and Production International 7 426 6 457  Energy 7 698 5 993  Base Chemicals 60 927 75 648  Performance Chemicals 48 764 74 595  Group Functions Total operations 127 764 165 361 2019 2018 2017 for the year ended at 30 June Rm Rm Rm Additions to assets under construction (cash flow) Current year additions 53 142 52 806 60 312 Adjustments for non-cash items 1 410 ) ) cash flow hedge accounting — ) movement in environmental provisions capitalised ) ) ) movement in long-term debt ) — — LCCP investment incentives 1 960 — — Per the statement of cash flows* 54 552 52 635 59 892
Schedule of capital expenditure for assets under construction	2019 2018 Rm Rm Capital expenditure Projects to sustain operations comprise of: Secunda Synfuels Operations 10 315 8 608 Shutdown and major statutory maintenance 4 825 3 775 Renewals 1 880 1 481 Oxygen train 17 (Outside Battery Limits portion) Sixth fine ash dam (environmental) 1 417 1 353 Volatile organic compounds abatement programme (environmental) Coal tar filtration east project (safety) Other environmental related expenditure Other safety related expenditure Other sustain Mining (Secunda and Sasolburg) 2 894 3 720 Shondoni Colliery to maintain Middelbult Colliery operation Impumelelo Colliery to maintain Brandspruit Colliery operation Acquisition of mineral rights — Refurbishment of equipment Mine geographical expansion Other safety related expenditure Other sustain 1 023 Other (in various locations) 8 758 6 797 Expenditure related to environmental obligations Expenditure incurred relating to safety regulations Other sustain 7 885 5 912 Capital expenditure cash flow* 21 967 19 125 * Excludes finance costs capitalised to assets under construction. 2019 2018 Rm Rm Capital expenditure Projects to expand operations comprise of: Project location Business segment Lake Charles Chemicals Project United States Base and Performance Chemicals 30 289 30 100 China Ethoxylation plant China Performance Chemicals Canadian shale gas asset Canada Exploration and Production International High-density polyethylene plant United States Base Chemicals — Mozambique exploration and development Mozambique Exploration and Production International 1 002 Other projects to expand operations Various Various 1 445 1 644 Capital expenditure cash flow* 32 585 33 510 * Excludes finance costs capitalised to assets under construction.

Long-term receivables and pre_2

Long-term receivables and prepaid expenses (Tables)	12 Months Ended
	Jun. 30, 2019
Long-term receivables and prepaid expenses
Schedule of long-term receivables and prepaid expenses	2019 2018 for the year ended 30 June Rm Rm Total long-term receivables 6 007 3 921 Impairment of long-term receivables* ) ) Short-term portion ) ) 5 582 3 786 Long-term prepaid expenses 6 317 4 646 Comprising: Long-term receivables (interest-bearing) — joint operations 1 252 1 204 Long-term loans 2 370 2 582 LCCP investment incentives 1 960 — 5 582 3 786 *Impairment of long-term loans and receivables

Equity accounted investments (T

Equity accounted investments (Tables)	12 Months Ended
	Jun. 30, 2019
Equity accounted investments.
Schedule of equity accounted investments	2019 2018 for the year ended 30 June Rm Rm Amounts recognised in the statement of financial position: Investments in joint ventures and associates 9 866 10 991 2019 2018 for the year ended 30 June Rm Rm Business segmentation  Mining  Energy 9 449 9 667  Base Chemicals 1 164  Performance Chemicals  Group Functions Total carrying value of equity accounted investments 9 866 10 991 2019 2018 2017 for the year ended 30 June Rm Rm Rm Amounts recognised in the income statement: Share of profits of equity accounted investments, net of tax 1 074 1 443 1 071 share of profits 1 089 1 454 1 085 remeasurement items ) ) ) Amounts recognised in the statement of cash flows: Dividends received from equity accounted investments 1 506 1 702 1 539
Schedule of interest in equity accounted investments and total carrying values	Country of Interest 2019 2018 Name incorporation Nature of activities % Rm Rm Joint ventures ORYX GTL Limited Qatar GTL plant 8 239 8 179 Sasol Huntsman GmbH & co KG* Germany Manufacturing of chemical products — Sasol Dyno Nobel (Pty) Ltd South Africa Manufacturing and distribution of explosives Sasol Chevron Holdings Limited Bermuda Marketing of Escravos GTL products Associates Escravos GTL (EGTL)** Nigeria GTL plant 1 027 Other equity accounted investments Various Carrying value of investments 9 866 10 991 * The group’s investment in Sasol Huntsman GmbH & co KG has been classified as held for sale. Refer to note 11. ** Although the group holds less than 20% of the voting power of EGTL, the group has significant influence with regards to the management and technical support to the plant.
Summarised financial information for the group's share of equity accounted investments which are not material	Summarised financial information for the group’s share of equity accounted investments which are not material*** 2019 2018 for the year ended 30 June Rm Rm Operating profit (Loss)/profit before tax ) Taxation ) ) (Loss)/profit and total comprehensive income for the year ) *** The financial information provided represents the group’s share of the results of the equity accounted investments.
Schedule of capital commitments relating to equity accounted investments	2019 2018 Capital commitments relating to equity accounted investments Rm Rm Capital commitments, excluding capitalised interest, include all projects for which specific board approval has been obtained up to the reporting date. Projects still under investigation for which specific board approvals have not yet been obtained are excluded from the following: Authorised and contracted for Authorised but not yet contracted for 1 100 Less: expenditure to the end of year ) ) 1 283
Summarised financial information for the group's material equity accounted investments	Joint venture ORYX GTL Limited 2019 2018 for the year ended 30 June Rm Rm Summarised statement of financial position Non-current assets 11 964 12 202 Current assets 6 722 6 640 Total assets 18 686 18 842 Other non-current liabilities Deferred tax liability ) Other current liabilities 1 337 1 036 Tax payable Total liabilities 1 793 1 841 Net assets 16 893 17 001 Summarised income statement Turnover 9 977 10 159 Depreciation and amortisation (1 420 ) (1 190 ) Other operating expenses (5 039 ) (5 313 ) Operating profit before interest and tax 3 518 3 656 Finance income Finance cost ) ) Profit before tax 3 548 3 666 Taxation ) ) Profit and total comprehensive income for the year 2 941 3 038 The group’s share of profits of equity accounted investment 1 131 1 168 49% share of profit before tax 1 738 1 796 Taxation* ) ) Reconciliation of summarised financial information Net assets at the beginning of the year 17 001 15 334 Profit before tax for the year 3 548 3 666 Taxation* ) ) Foreign exchange differences Dividends paid (3 539 ) (2 210 ) Net assets at the end of the year 16 893 17 001 Additional Sasol specific liabilities* ) ) Adjusted net assets at the end of the period 16 814 16 692 Carrying value of equity accounted investment 8 239 8 179 * With effect from 29 April 2017, as a result of change in tax regulations, tax is levied only on Sasol’s share of profits at a rate of 35%.

Interest in joint operations (T

Interest in joint operations (Tables)	12 Months Ended
	Jun. 30, 2019
Interest in joint operations
Schedule of interest in joint operations	% of equity owned 2019 2018 Name Country of incorporation Nature of activities Rm Rm Gemini HDPE LLC United States of America Manufactures high density polyethylene chemicals Sasol Canada Canada Development of shale gas reserves and production and marketing of shale gas Natref South Africa Refining of crude oil Gemini Sasol Total Total HDPE LLC Canada Natref Other* 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Statement of financial position External non-current assets 4 462 1 180 3 531 1 685 10 858 13 055 External current assets 1 651 1 503 Intercompany current assets 1 146 Total assets 4 553 1 469 3 841 2 755 12 618 15 704 Shareholders’ equity 1 869 2 888 5 389 Long-term liabilities 2 480 1 155 2 887 1 479 8 001 7 710 Interest-bearing current liabilities — 1 408 Non-interest-bearing current liabilities Intercompany current liabilities — Total equity and liabilities 4 553 1 469 3 841 2 755 12 618 15 704 Income statement Turnover 2 061 1 394 4 135 3 660 Operating (loss)/profit ) (2 747 ) (2 323 ) (3 089 ) Other expenses ) ) ) ) ) ) Net (loss)/profit before tax ) (2 760 ) ) (2 767 ) (3 527 ) Taxation — — ) ) ) Attributable (loss)/profit ) (2 760 ) ) (2 829 ) (3 576 ) Statement of cash flows Cash flow from operations — 1 337 1 189 Movement in working capital ) ) ) Tax paid — — ) ) ) Other expenses ) — ) ) ) ) Cash available from operations ) 1 096 Dividends paid — — ) — ) ) Cash retained from operations ) Cash flow from investing activities ) ) ) ) ) ) Cash flow from financing activities ) ) ) 1 575 (Increase)/decrease in cash requirements ) ) ) (1 044 ) 1 848 * Includes Central Térmica de Ressano Garcia (CTRG) and Sasol Wilmar Alcohol Industries (Lianyungang) Co Ltd. The group has classified its investment in Sasol Wilmar Alcohol Industries (Lianyungang) Co Ltd as held for sale at 30 June 2019. Refer to note 11.

Interest in significant opera_2

Interest in significant operating subsidiaries (Tables)	12 Months Ended
	Jun. 30, 2019
Interest in significant operating subsidiaries
Schedule of interest in significant operating subsidiaries	Country of % of equity owned Investment at cost (Rm)(1) Name incorporation Nature of activities 2019 2018 2019 2018 Significant operating subsidiaries Direct Sasol Mining Holdings (Pty) Ltd South Africa Holding company of the group’s mining interests 9 163 9 163 Sasol Technology (Pty) Ltd South Africa Engineering services, research and development and technology transfer Sasol Financing Ltd South Africa Management of cash resources, investments and procurement of loans (for South African operations) Sasol Investment Company (Pty) Ltd(2) South Africa Holding company for foreign investments 65 748 62 580 Sasol South Africa Ltd(3),(4) South Africa Integrated petrochemicals and energy company 32 320 28 066 Sasol Middle East and India (Pty) Ltd South Africa Develop and implement international GTL and CTL ventures 10 092 10 092 Sasol Africa (Pty) Ltd South Africa Exploration, development, production, marketing and distribution of natural oil and gas and associated products 8 069 8 069 Sasol Oil (Pty) Ltd South Africa Marketing of fuels and lubricants Sasol New Energy Holdings (Pty) Ltd South Africa Developing lower-carbon energy solutions (1) The cost of these investments represents the holding company’s investment in the subsidiaries, which eliminate on consolidation. (2) Increase relates to equity funding of the LCCP. (3) Increase relates to notional interest relating to Khanyisa transaction. (4) Sasol Khanyisa shareholders indirectly have an 18,4% shareholding in Sasol South Africa Limited. Once the Khanyisa funding is settled, the Sasol Khanyisa ordinary shares will be exchanged for Sasol BEE Ordinary (SOLBE1) shares listed on the empowerment segment of the JSE. Country of % of equity owned Name incorporation Nature of activities 2019 2018 Significant operating subsidiaries Indirect The Republic of Mozambique Pipeline Investment Company (Pty) Ltd (Rompco)* South Africa Owning and operating of the natural gas transmission pipeline between Temane in Mozambique and Secunda in South Africa for the transportation of natural gas produced in Mozambique to markets in Mozambique and South Africa Sasol Financing International Limited South Africa Management of cash resources, investment and procurement of loans (for our foreign operations) Sasol Germany GmbH Germany Production, marketing and distribution of chemical products Sasol Italy SpA Italy Trading and transportation of oil products, petrochemicals and chemical products and derivatives Sasol Mining (Pty) Ltd South Africa Coal mining activities Sasol Canada Holdings Limited Canada Exploration, development, production, marketing and distribution of natural oil and gas and associated products in Canada Sasol Chemicals (USA) LLC United States of America Production, marketing and distribution of chemical products Sasol Financing USA LLC United States of America Management of cash resources, investment and procurement of loans (for our North American operations) — * Through contractual arrangements Sasol exercises control over the relevant activities of Rompco.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2019
Inventories
Schedule of inventories	2019 2018 for the year ended 30 June Rm Rm Carrying value Crude oil and other raw materials 3 938 4 308 Process material 1 890 1 873 Maintenance materials 5 940 5 156 Work in progress 2 578 2 714 Manufactured products 15 087 15 070 Consignment inventory 29 646 29 364 Business segmentation  Mining 1 425 1 661  Exploration and Production International  Energy 7 826 7 680  Base Chemicals 7 684 7 427  Performance Chemicals 12 522 12 417  Group Functions Total operations 29 646 29 364

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Jun. 30, 2019
Trade and other receivables
Schedule of trade and other receivables	2019 2018* for the year ended 30 June Rm Rm Trade receivables 23 237 23 742 Other receivables** 2 760 3 231 Related party receivables — equity accounted investments Impairment of trade and other receivables ) ) Trade and other receivables 25 611 26 648 Duties recoverable from customers Prepaid expenses and other 1 425 Value added tax 1 075 1 652 28 578 29 729 * Comparative information is based on IAS 39. ** Other receivables include short-term portion of long-term receivables, receivables related to exploration activities, employee-related receivables and short-term deposits.
Summary of credit risk exposure in respect of trade receivables	Carrying Impairment 2018 2018 for the year ended 30 June Rm Rm Age analysis of trade receivables Not past due date 21 611 Past due 0 – 30 days 1 477 Past due 31 – 150 days Past due 151 days – one year More than one year*** 23 742 *** More than one year relates to long outstanding balances for specific customers who have exceeded their contractual repayment terms.
Summary of business segmentation of trade and other receivables	2019 2018 Rm Rm Business segmentation  Mining  Exploration and Production International  Energy 10 357 11 487  Base Chemicals 7 603 7 022  Performance Chemicals 8 071 8 585  Group Functions 1 774 1 471 Total operations 28 578 29 729

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Jun. 30, 2019
Trade and other payables.
Schedule of Trade and other payables	2019 2018 for the year ended 30 June Rm Rm Trade payables 15 749 13 510 Capital project related payables 9 088 9 780 Accrued expenses 3 340 3 062 Related party payables third parties equity accounted investments Trade payables 28 501 26 518 Other payables* 6 282 6 188 Duties payable to revenue authorities 4 450 4 267 Value added tax 39 466 37 150 * Other payables includes employee-related payables.

Decrease_(increase) in workin_2

Decrease/(increase) in working capital (Tables)	12 Months Ended
	Jun. 30, 2019
Decrease/(increase) in working capital
Schedule of the Decrease/(increase) in working capital	2019 2018 2017 Rm Rm Rm Increase in inventories ) (3 413 ) (3 214 ) Decrease/(increase) in trade receivables (2 789 ) ) Increase in trade payables 3 202 2 441 1 393 Decrease/(increase) in working capital 2 410 (3 761 ) (2 167 )

Cash and Cash equivalents (Tabl

Cash and Cash equivalents (Tables)	12 Months Ended
	Jun. 30, 2019
Cash and Cash equivalents.
Summary of Cash and Cash Equivalents	2019 2018 for the year ended 30 June Rm Rm Cash and cash equivalents 15 877 17 128 Bank overdraft ) ) Per the statement of cash flows 15 819 17 039 Cash by currency Rand 4 179 3 982 Euro 2 080 2 855 US Dollar 7 992 9 040 Other currencies 1 568 1 162 15 819 17 039

Cash generated by operating a_2

Cash generated by operating activities (Tables)	12 Months Ended
	Jun. 30, 2019
Cash generated by operating activities
Schedule of cash generated by operating activities	2019 2018 2017 for the year ended 30 June Note Rm Rm Rm Cash flow from operations 48 988 46 638 46 236 Decrease/(increase) in working capital 2 410 (3 761 ) (2 167 ) 51 398 42 877 44 069

Cash flow from operations (Tabl

Cash flow from operations (Tables)	12 Months Ended
	Jun. 30, 2019
Cash flow from operations
Schedule of cash flow from operations	Earnings before interest and tax (EBIT) 9 697 17 747 31 705 Adjusted for share of profits of equity accounted investments (1 074 ) (1 443 ) (1 071 ) equity-settled share-based payment 1 659 3 776 depreciation and amortisation 17 968 16 425 16 204 effect of remeasurement items 18 645 9 901 1 616 movement in long-term provisions income statement charge ) utilisation (1 099 ) ) ) movement in short-term provisions ) ) movement in post-retirement benefits ) translation effects ) ) ) write-down of inventories to net realisable value movement in financial assets and liabilities 2 415 (3 120 ) movement in other receivables and payables ) other non-cash movements ) 48 988 46 638 46 236

Dividends paid (Tables)

Dividends paid (Tables)	12 Months Ended
	Jun. 30, 2019
Dividends paid
Schedule of dividends paid	Final dividend — prior year 6 269 4 842 5 650 Interim dividend — current year 3 683 3 110 2 978 9 952 7 952 8 628 Forecast cash flow on final dividend — current year — 4 898 4 844

Long-term provisions (Tables)

Long-term provisions (Tables)	12 Months Ended
	Jun. 30, 2019
Long-term provisions
Schedule of changes in long-term provisions	Environmental Share- Other Total for the year ended 30 June Rm Rm Rm Rm 2019 Balance at beginning of year 14 933 1 101 1 693 17 727 Capitalised in property, plant and equipment and assets under construction** 1 925 — — 1 925 Reduction in rehabilitation provision capitalised ) — — ) Transfer to held for sale liabilities*** ) — ) ) Per the income statement 1 095 ) ) additional provisions and changes to existing provisions ) reversal of unutilised amounts ) — ) ) effect of change in discount rate — — Notional interest — Utilised during year (cash flow) ) ) ) (1 099 ) Foreign exchange differences recognised in income statement — Translation of foreign operations — Balance at end of year 18 742 19 960 Environmental Share- Other Total for the year ended 30 June Rm Rm Rm Rm 2018 Balance at beginning of year 15 716 2 178 18 779 Capitalised in property, plant and equipment and assets under construction — — Reduction in rehabilitation provision capitalised**** (1 433 ) — — (1 433 ) Per the income statement ) ) ) additional provisions and changes to existing provisions ) reversal of unutilised amounts ) — — ) effect of change in discount rate ) — — ) Notional interest — Utilised during year (cash flow) ) ) ) ) Foreign exchange differences recognised in income statement ) Translation of foreign operations ) Balance at end of year 14 933 1 101 1 693 17 727 * Refer note 34 for accounting policies and areas of judgement used in calculating the share-based payment provision (cash settled). ** Increase in rehabilitation capitalised in 2019 relates to a reassessment of our provision based on discount rates and cost estimates. *** Relates to rehabilitation provisions of the explosives business classified as held for sale, refer note 11. **** Reduction in rehabilitation capitalised in 2018 relates to a reassessment of our provision based on legislation changes, discount rates and new rehabilitation methods which resulted in a reduction of R1,4 billion.
Schedule of expected timing of future cash flows and business segmentation for provisions	2019 2018 for the year ended 30 June Note Rm Rm Expected timing of future cash flows Within one year 2 338 2 567 One to five years 3 291 3 715 More than five years 14 331 11 445 19 960 17 727 Short-term portion (2 338 ) (2 567 ) Long-term provisions 17 622 15 160 Estimated undiscounted obligation 101 100 102 952 Business segmentation  Mining 1 439 1 324  Exploration and Production International 6 779 5 677  Energy 3 427 2 909  Base Chemicals 3 919 3 321  Performance Chemicals 2 038 1 909  Group Functions Total operations 17 622 15 160
Summary of risk-free rates used to discount the estimated cash flows related to provisions	2019 2018 for the year ended 30 June % % South Africa 6,9 to 8,7 7,3 to 9,2 Europe 0,0 to 0,7 0,0 to 1,5 United States of America 1,7 to 2,3 2,6 to 3,0 Canada 1,7 to 2,2 2,0 to 2,7
Schedule of the effect on provisions from changes in the discount rate	2019 2018 for the year ended 30 June Rm Rm A 1% point change in the discount rate would have the following effect on the long-term provisions recognised Increase in the discount rate (3 351 ) (2 726 ) amount capitalised to property, plant and equipment (1 930 ) (1 434 ) income recognised in income statement (1 421 ) (1 292 ) Decrease in the discount rate 4 540 3 786 amount capitalised to property, plant and equipment 2 622 2 058 expense recognised in income statement 1 918 1 728

Short-term provisions (Tables)

Short-term provisions (Tables)	12 Months Ended
	Jun. 30, 2019
Short-term provisions
Schedule of short-term provisions	2019 2018 for the year ended 30 June Note Rm Rm Other provisions Short-term portion of long-term provisions 2 338 2 567 post-retirement benefit obligations 3 289 3 508

Post-retirement benefit oblig_2

Post-retirement benefit obligations (Tables)	12 Months Ended
	Jun. 30, 2019
Post-retirement benefit obligations
Post-retirement benefit obligations	2019 2018 for the year ended 30 June Note Rm Rm Post-retirement healthcare obligations South Africa 3 825 3 995 United States of America 4 093 4 243 Pension obligations Foreign — post-retirement benefit obligation 9 014 8 046 Less short-term portion of post-retirement pension and medical benefit obligations ) ) Total post-retirement benefit obligations 12 708 11 900 Pension assets South Africa — post-retirement benefit asset ) ) Foreign — post-retirement benefit asset ) ) Total post-retirement benefit assets (1 274 ) (1 498 ) Net pension obligations 7 740 6 548
Schedule of actuarial valuations	Healthcare benefits Pension benefits Last actuarial valuation — South Africa 31 March 2019 31 March 2019 Last actuarial valuation — United States of America 30 June 2019 30 June 2019 Last actuarial valuation — Europe n/a 1 April 2019 Full/interim valuation Full Full Valuation method adopted Projected unit credit Projected unit credit
Schedule of actuarial assumptions	South Africa United States of America Europe 2019 2018 2019 2018 2019 2018 at valuation date % % % % % % Healthcare cost inflation initial * * n/a n/a ultimate * * n/a n/a Discount rate — post-retirement medical benefits n/a n/a Discount rate — pension benefits Pension increase assumption n/a ** n/a ** Average salary increases + + Weighted average duration of the obligation — post-retirement medical obligation 15 years 15 years 9 years 9 years n/a n/a Weighted average duration of the obligation — pension obligation 13 years 13 years 13 years 13 years 18 years 17 years * The healthcare cost inflation rate in respect of the plans for the United States of America is capped. All additional future increases due to the healthcare cost inflation will be borne by the participants. ** There are no automatic pension increases for the United States of America pension plan. + Salary increases are linked to inflation.
Healthcare
Post-retirement benefit obligations
Benefit obligation by geographic area	South Africa United States of America Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Projected benefit obligation 3 825 3 995 4 093 4 243 Less short-term portion ) ) ) ) ) ) Non-current post-retirement healthcare obligation 3 647 3 818 3 895 4 046
Reconciliation of obligation recognised	South Africa United States of America Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Total post-retirement healthcare obligation at beginning of year 3 995 3 921 4 243 4 163 Movements recognised in the income statement: current service cost interest cost curtailments and settlements ) ) — — ) ) Actuarial (gains)/losses recognised in other comprehensive income: ) ) ) ) ) arising from changes in financial assumptions ) ) ) ) ) arising from changes in actuarial experience ) ) ) ) Benefits paid ) ) ) ) ) ) Translation of foreign operations — — Total post-retirement healthcare obligation at end of year 3 825 3 995 4 093 4 243
Schedule of sensitivity analysis for actuarial assumptions	South Africa United States of America 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm 1% point change in actuarial assumptions: Increase in the healthcare cost inflation — * — * Decrease in the healthcare cost inflation ) ) — * — * Increase in the discount rate ) ) ) ) Decrease in the discount rate * A change in the healthcare cost inflation for the United States of America will not have an effect on the above components or the obligation as the employer’s cost is capped and all future increases due to the healthcare cost inflation are borne by the participants.
Pension
Post-retirement benefit obligations
Reconciliation of obligation recognised	South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Projected benefit obligation at beginning of year 47 285 46 508 11 020 9 774 58 305 56 282 Movements recognised in income statement: 5 694 5 678 6 371 6 274 current service cost 1 042 1 028 1 496 1 414 curtailments and settlements — ) — ) — interest cost 4 649 4 650 4 886 4 860 Actuarial (gains)/losses recognised in other comprehensive income: (2 950 ) 1 098 1 360 (2 488 ) arising from changes in demographic assumptions — — ) ) arising from changes in financial assumptions (2 950 ) 1 059 1 233 (2 638 ) arising from change in actuarial experience — Member contributions — — Benefits paid (2 482 ) (2 398 ) ) ) (2 760 ) (2 875 ) Transferred to held for sale assets — — — ) — ) Translation of foreign operations — — Projected benefit obligation at end of year 51 241 47 285 12 565 11 020 63 806 58 305 unfunded obligation* — — 8 868 7 915 8 868 7 915 funded obligation 51 241 47 285 3 697 3 105 54 938 50 390 * Certain of the foreign defined benefit plans have reimbursement rights under contractually agreed legal binding terms that match the amount and timing of some of the benefits payable under the plan. This reimbursive right has been recognised in long-term receivables at fair value (2019 – R217 million; 2018 – R305 million). A decrease of R83 million (2018 — decrease of R1 million) has been recognised as a loss in other comprehensive income in respect of the reimbursive right.
Schedule of sensitivity analysis for actuarial assumptions	South Africa Foreign 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm 1% point change in actuarial assumptions Increase in average salaries increase assumption Decrease in average salaries increase assumption ) ) ) ) Increase in the discount rate (1 654 ) (1 447 ) (1 806 ) (1 634 ) Decrease in the discount rate 2 463 1 981 2 370 2 174 Increase in the pension increase assumption 2 541 2 035 1 142 * 1 071 * Decrease in the pension increase assumption (1 727 ) (1 523 ) ) * )* * This sensitivity analysis relates only to the Europe obligations as there are no automatic pension increases for the United States of America pension plan, and thus it is not one of the inputs utilised in calculating the obligation.
Schedule of allocation of plan assets	South Africa United States of America 2019 2018 2019 2018 at 30 June % % % % Equities resources industrials consumer discretionary consumer staples healthcare information technologies telecommunications financials (ex real estate) Fixed interest Direct property Listed property — — Cash and cash equivalents — — Third party managed assets — — Other — — Total South Africa(1) United States of America Minimum Maximum Minimum Maximum Asset classes % % % % Equities local — foreign — Fixed interest — Property — Other — — (1) Members of the defined contribution scheme have a choice of four investment portfolios. The targeted allocation disclosed represents the moderate balanced investment portfolio which the majority of the members of the scheme have adopted. The total assets of the fund under these investment portfolios are R139 million, R52 080 million, R791 million and R1 034 million for the low risk portfolio, moderate balanced portfolio, aggressive balanced portfolio and money market portfolio, respectively. Defined benefit members’ funds are invested in the moderate balanced portfolio. The money market portfolio is restricted to active members from age 55.
Schedule of net defined benefit liability (asset)	South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Projected benefit obligation (funded) 51 241 47 285 3 697 3 105 54 938 50 390 defined benefit portion 21 550 19 970 3 697 3 105 25 247 23 075 defined benefit option for defined contribution members 29 691 27 315 — — 29 691 27 315 Plan assets (54 115 ) (50 128 ) (4 270 ) (3 890 ) (58 385 ) (54 018 ) defined benefit portion (24 254 ) (22 502 ) (4 270 ) (3 890 ) (28 524 ) (26 392 ) defined benefit option for defined contribution members (29 861 ) (27 626 ) — — (29 861 ) (27 626 ) Projected benefit obligation (unfunded) — — 8 868 7 915 8 868 7 915 Asset not recognised due to asset limitation 2 319 2 261 — — 2 319 2 261 Net liability/(asset) recognised ) ) 8 295 7 130 7 740 6 548 South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Pension asset ) ) ) ) (1 274 ) (1 498 ) Pension benefit obligation — — 9 014 8 046 9 014 8 046 long-term portion — — 8 813 7 854 8 813 7 854 short-term portion — — Net liability/(asset) ) ) 8 295 7 130 7 740 6 548
Schedule of reconciliation of plan assets of funded obligation	South Africa Foreign Total 2019 2018 2019 2018 2019 2018 for the year ended 30 June Rm Rm Rm Rm Rm Rm Fair value of plan assets at beginning of year 50 128 48 340 3 890 2 514 54 018 50 854 Movements recognised in income statement: 4 702 4 707 4 815 4 774 interest income 4 927 4 829 5 040 4 896 interest on asset limitation ) ) — — ) ) Actuarial gains/(losses) recognised in other comprehensive income: (1 959 ) (1 779 ) arising from return on plan assets (1 959 ) (1 779 ) (excluding interest income) Plan participant contributions* — — Employer contributions* + 1 056 1 233 1 062 2 224 Benefit payments (2 482 ) (2 398 ) ) ) (2 603 ) (2 712 ) Translation of foreign operations — — Fair value of plan assets at end of year 54 115 50 128 4 270 3 890 58 385 54 018 Actual return on plan assets 4 931 2 748 5 329 2 995 * Contributions, for the defined contribution section, are paid by the members and Sasol at fixed rates. + In 2018, in the United States of America there was a once-off payment R963 million (US$75 million) made by the employer to the fund.
Schedule of contributions to plans	South Africa Foreign Rm Rm Pension contributions 1 106

Cash-settled share-based paym_2

Cash-settled share-based payment provision (Tables)	12 Months Ended
	Jun. 30, 2019
Cash-settled share-based payment provision
Schedule for cash-settled share-based payment provisions	2019 2018 2017 for the year ended 30 June Rm Rm Rm During the year, the following cash-settled share-based payment expenses were recognised in the income statement (refer to note 35 for the equity-settled share-based payment disclosure): Share-based payment expense — movement in long-term provisions Sasol Share Appreciation Rights Scheme ) ) Share Appreciation Rights with no corporate performance targets (no-CPTs) ) ) Share Appreciation Rights with corporate performance targets (CPTs) ) ) Sasol Long-term Incentive Scheme(1) — — ) ) (1) On 25 November 2016, the cash-settled LTI scheme was converted to an equity-settled share-based payment scheme.
Schedule of total rights/ units granted	2019 2018 Total rights granted Number Number Share Appreciation Rights 4 928 846 7 118 321
Schedule of the effect of share based payment arrangements to the financial position	2019 2018 SARs with SARs with Total SARs with SARs with Total for the year ended 30 June Rm Rm Rm Rm Rm Rm Per statement of financial position 1 003 1 101 Total intrinsic value of rights vested, but not yet exercised 1 085
Schedule of assumptions used to calculate cash-settled share-based payment expense	2019 2018 SARs with SARs SARs with SARs Binomial Binomial Binomial Binomial Model tree tree tree tree Risk-free interest rate (%) 6,64 – 6,96 6,88 – 7,09 6,88 – 7,63 Expected volatility (%) Expected dividend yield (%) Expected forfeiture rate (%) * * * * All SARs have vested and therefore no forfeiture is applied.

Share-based payment reserve (Ta

Share-based payment reserve (Tables)	12 Months Ended
	Jun. 30, 2019
Share-based payment transaction
Schedule of share-based payment expense	2019 2018 2017 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: Sasol Khanyisa share transaction(1) 2 953 Sasol ordinary BEE (SOLBE1) shares issued(2) — 1 104 Khanyisa Public — 1 762 Tier 1 — Khanyisa Employee Share Ownership Plan (ESOP) Tier 2 — Khanyisa ESOP Long-term incentives(3) Sasol Inzalo share transaction — Equity-settled — recognised directly in equity(4) 1 659 3 776 (1) In November 2017, Sasol Khanyisa a new Broad-Based Black Economic Empowerment (B-BBEE) scheme was approved by shareholders at a General Meeting. (2) IFRS2 expense was recognised immediately on date shares were granted to participants. Shares were not encumbered and could be traded immediately. (3) On 25 November 2016, the cash-settled LTI scheme was converted to an equity-settled share scheme. (4) The employee-related share-based payment expense in 2018 was R910 million.
Sasol Khanyisa share transaction
Share-based payment transaction
Schedule of the average fair value of instruments granted	ESOP — Tier 1(1) ESOP — Tier 1(1) ESOP — Tier 2(1)(2)(3) Sasol Khanyisa for the year ended 30 June 2019 2019 2019 2019 Grant date Date 1 June 2018 1 June 2018 25 May 2018 1 June 2018 Class of shares SOL shares SOLBE1 shares Khanyisa shares Khanyisa shares Shares Number 2 082 520 2 396 048 26 503 642 26 503 642 Weighted average fair value on grant date Rand Total IFRS expense Rm 1 003 1 762 1 762 IFRS expense recognised for the year Rm — (1) The ESOP Tier 1 and 2 options outstanding have a weighted average remaining vesting period of 1,9 and 4,7 years. ESOP Tier 1 vests after 3 years and ESOP Tier 2 has a staggered vesting period, with portions vesting from 3 years, and then each year until the end of the transaction term, being 10 years. (2) The weighted average fair value price is derived from the Monte-Carlo option pricing model. The price will move closer to the strike price over the transaction period as certainty of dividends declared by SSA is expected to exceed outstanding vendor financing. (3) The estimated strike price value for Khanyisa Public and ESOP Tier 2 is R326,55 and represents the remaining vendor funding per share at 30 June 2019.
Schedule of the assumptions used to calculate the average fair value of options granted	Average fair value Sasol Khanyisa options granted 2018 Model Monte-Carlo Risk-free interest rate (%) Expected volatility (%) Expected dividend yield (%) 1,8 – 10,1
Long Term Incentive Equity Settled
Share-based payment transaction
Schedule of the assumptions used to calculate the average fair value of options granted	Average fair value of incentives granted 2019 2018 Model Monte-Carlo Monte-Carlo Risk-free interest rate — Rand (%) 6,90 – 7,87 6,98 – 7,34 Risk-free interest rate — US$ (%) 0,91 – 1,56 1,01 – 1,47 Expected volatility (%) Expected dividend yield (%) Expected forfeiture rate (%) Vesting period — top management 3/5 years 3/5 years Vesting period — all other participants 3 years 3 years
Schedule of movements in the number of incentives outstanding	Movements in the number of incentives outstanding Number of Weighted average Balance at 30 June 2017 6 198 589 LTIs granted 2 626 268 LTIs vested (1 868 963 ) Effect of CPTs and LTIs forfeited (159 406 ) Balance at 30 June 2018 6 796 488 LTIs granted 2 089 674 LTIs vested (1 600 899 ) Effect of CPTs and LTIs forfeited (665 666 ) Balance at 30 June 2019* 6 619 597 * The incentives outstanding as at 30 June 2019 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	2019 2018 for year ended 30 June Rand Rand Average weighted market price of LTIs vested

Leases and other commitments (T

Leases and other commitments (Tables)	12 Months Ended
	Jun. 30, 2019
Leases and other commitments
Schedule of operating and finance leases	2019 2018 for the year ended 30 June Rm Rm Property, plant and equipment Within one year 2 276 2 068 One to five years 6 089 5 863 More than five years 15 716 15 344 Total minimum future lease payments 24 081 23 275 2019 2018 for the year ended 30 June Rm Rm Within one year 1 207 1 171 One to five years 4 135 3 975 More than five years 20 138 19 586 Less amounts representing finance charges (17 710 ) (17 108 ) Total minimum future lease payments 7 770 7 624
Schedule of other commitments	2019 2018 for the year ended 30 June Rm Rm Water reticulation for Secunda Synfuels Operations Within one year One to five years More than five years 1 416 1 798 2 302 2 816

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Jun. 30, 2019
Related party transactions
Schedule of material related party transactions	2019 2018 2017 for the year ended 30 June Rm Rm Rm Sales and services rendered from subsidiaries to related parties Joint ventures 1 474 1 088 Purchases by subsidiaries from related parties Joint ventures Associates
Schedule of key management remuneration	Retirement Other Total Total Total Salary funding benefits 2019 2018(1) 2017(1) R’000 R’000 R’000 R’000 R’000 R’000 Executive Directors 32 194 4 540 10 214 46 948 66 808 77 333 (1) Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed. Gains on Long-term incentives and Share Appreciation Rights for the Executive Directors’ and former Executive Director were as follows: Share Long-term appreciation incentive rights, with rights and without Total Total Total vested(1) CPTs exercised 2019 2018 2017 R’000 R’000 R’000 R’000 R’000 Executive Directors 25 025 — 25 025 20 515 24 970 (1) Long-term incentives for the 2019 financial year represent incentives approved on the group results for the 2019 financial year, payable in the 2020 financial year. Remuneration and benefits paid and short-term incentives approved for the Prescribed Officers were as follows: Retirement Other Total Total Total Salary funding benefits 2019 2018(1) 2017(1) R’000 R’000 R’000 R’000 R’000 R’000 Prescribed Officers 49 335 6 373 11 780 67 488 89 007 70 949 Number of Prescribed Officers (1) Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed. Gains on Long-term incentives and Share Appreciation Rights for the Prescribed Officers were as follows: Share Long-term appreciation incentive rights, with rights and without Total Total Total vested(1) CPTs exercised 2019 2018 2017 R’000 R’000 R’000 R’000 R’000 Prescribed Officers 19 628 48 931 68 559 44 962 23 807 (1) Long-term incentives for the 2019 financial year represent incentives approved on the group results for the 2019 financial year, payable in the 2020 financial year. Ad Hoc Special Board Lead Board — meeting Director Committee Committee Total Total Total fees fees fees Meeting 2019 2018 2017 R’000 R’000 R’000 R’000 R’000 R’000 R’000 Non-executive Directors 24 498 7 372 32 455 27 823 23 079

Financial risk management and_2

Financial risk management and financial instruments (Tables)	12 Months Ended
	Jun. 30, 2019
Financial risk management and financial instruments
Financial instruments	Carrying value At fair value through profit and loss Designated at fair value through other comprehensive income Amortised Fair value Note Rm Rm Rm Rm 2019 Financial assets Investments in listed securities — — Investments in unlisted securities — — Other long-term investments — — Long-term receivables — — 5 582 5 582 Long- and short-term financial assets — — Trade and other receivables** — — 25 611 25 611 * Cash and cash equivalents* — — 15 877 15 877 * Financial liabilities Listed long-term debt (Bonds issued)+ — — 46 060 49 421 Unlisted long-term debt+ — — 91 279 91 777 Short-term debt and bank overdraft — — 1 297 1 297 * Long- and short-term financial liabilities 2 205 — — 2 205 Trade and other payables+ — — 28 501 28 501 * Carrying value At fair value Available- Amortised Held-to- Fair value Note Rm Rm Rm Rm Rm 2018 Financial assets Investments in listed securities — — — Investments in unlisted securities — — — Other long-term investments — — — Long-term receivables — — 3 824 — 3 824 Long- and short-term financial assets 1 827 — — — 1 827 Trade and other receivables** — — 26 648 — 26 648 * Cash and cash equivalents — — 17 128 — 17 128 * Financial liabilities Listed long-term debt (Bonds issued)+ — — 13 704 — 13 345 Unlisted long-term debt+ — — 95 750 — 95 984 Short-term debt and bank overdraft — — 2 035 — 2 035 * Long- and short-term financial liabilities 2 059 — — — 2 059 Trade and other payables+ — — 26 518 — 26 518 * * The fair value of these instruments approximates carrying value, due to their short-term nature. ** Trade and other receivables includes employee-related and insurance-related receivables. + Includes unamortised loan costs.
Schedule of expected credit losses recognised	2019 2018 Life time 12 months Deductions Expected Impairment Rm Rm Rm Rm Rm Long-term receivables — — Trade receivables — — Other receivables — —
Schedule of credit risk profile of financial assets at amortised cost	2019 % AAA to A- BBB to B- CCC+ and - below
Maturity profile of the undiscounted cash flows of derivative and non-derivative financial instruments	Contractual Within One to More than Note Rm Rm Rm Rm 2019 Financial assets Non-derivative instruments Long-term receivables 5 582 — 4 203 1 379 Trade and other receivables 25 611 25 611 — — Cash and cash equivalents (excluding restricted cash) 13 397 13 397 — — Investments through other comprehensive income 1 223 — Other long-term investments — — 45 838 39 688 4 771 1 379 Derivative instruments Foreign exchange contracts 2 161 2 161 — — Interest rate swap — Zero cost collar — — Ethane swaps — — Other commodity derivatives — — 48 629 42 464 4 779 1 386 Financial liabilities Non-derivative instruments Long-term debt*** (183 445 ) (8 232 ) (138 453 ) (36 760 ) Short-term debt (1 239 ) (1 239 ) — — Trade and other payables (28 501 ) (28 501 ) — — Bank overdraft ) ) — — Financial guarantees** (1 326 ) (1 326 ) — — (214 569 ) (39 356 ) (138 453 ) (36 760 ) Derivative instruments Foreign exchange contracts (2 190 ) (2 190 ) — — Interest rate swap (1 488 ) ) (1 029 ) ) Zero cost collar ) ) — — Ethane swaps ) ) — — Crude oil futures ) ) — — Other commodity derivatives ) ) — — (218 743 ) (42 255 ) (139 482 ) (37 006 ) * Contractual cash flows include interest payments. ** Issued financial guarantees contracts are all repayable on default, however the likelihood of default is considered remote. *** Of the amounts due in one to five years, R131 billion relates to the repayment of the bonds, the revolving credit facility and the term loan. Contractual Within One to More than cash flows* one year five years five years Note Rm Rm Rm Rm 2018 Financial assets Non-derivative instruments Long-term receivables 3 786 — 1 586 2 200 Trade and other receivables 26 648 26 648 — — Cash and cash equivalents (excluding restricted cash) 15 148 15 148 — — Investments available-for-sale — — Investments held-to-maturity — — 46 533 42 722 1 611 2 200 Derivative instruments Foreign exchange contracts 1 214 1 214 — — Interest rate swap — — Zero cost collar — — Crude oil options — — Ethane swaps — — 49 487 45 430 1 611 2 446 Financial liabilities Non-derivative instruments Long-term debt (139 294 ) (16 612 ) (86 415 ) (36 267 ) Short-term debt (1 946 ) (1 946 ) — — Trade and other payables (26 518 ) (26 518 ) — — Bank overdraft ) ) — — Financial guarantees** (1 539 ) (1 539 ) — — (169 386 ) (46 704 ) (86 415 ) (36 267 ) Derivative instruments Foreign exchange contracts (1 217 ) (1 217 ) — — Coal swaps ) ) — — Zero cost collar (1 317 ) (1 317 ) — — Crude oil futures ) ) — — (172 425 ) (49 743 ) (86 415 ) (36 267 ) * Contractual cash flows include interest payments. ** Issued financial guarantees contracts are all repayable on default, however the likelihood of default is considered remote.
Schedule of foreign exchange rates	Average rate Closing rate 2019 2018 2019 2018 Rand Rand Rand Rand Rand/Euro Rand/US dollar
Summary of interest rate profile of interest-bearing financial instruments including the effect of the interest rate swap	Carrying value 2019 2018 Rm Rm Variable rate instruments Financial assets 16 663 18 657 Financial liabilities (54 542 ) (58 908 ) (37 879 ) (40 251 ) Fixed rate instruments Financial assets Financial liabilities (83 151 ) (51 144 ) (82 954 ) (51 047 ) Interest profile (variable: fixed rate as a percentage of total financial assets) 99:1 99:1 Interest profile (variable: fixed rate as a percentage of total financial liabilities) 40:60 54:46
Schedule of derivative transactions	2019 2018 2017 Income statement impact Rm Rm Rm Financial instruments Net (loss)/gain on derivative instruments Foreign exchange contracts (losses)/gains ) (1 107 ) Put option crude oil derivatives ) (3 303 ) ) Zero cost collar foreign exchange derivatives 1 608 Crude oil futures ) Coal swaps (1 024 ) Ethane swaps ) — Interest rate swaps (1 475 ) Other forex derivative — — (2 465 ) (3 876 ) Statement of financial position impact 2019 2018 Rm Rm Financial instrument Derivative financial assets Foreign exchange contracts Zero cost collar Crude oil options — Interest rate swaps Ethane swaps Other commodity derivatives — 1 827 Derivative financial liabilities Foreign exchange contracts ) ) Coal swaps — ) Crude oil futures ) ) Zero cost collar ) (1 317 ) Interest rate swaps (1 488 ) ) Ethane swaps ) — Other commodity derivatives ) — (2 028 ) (1 912 ) Non-derivative financial liabilities Financial guarantees ) ) (2 205 ) (2 059 ) Derivatives designated in the hedge relationships Fair value Fair value 2019 2018 Rm Rm Interest rate swap derivatives — held for trading (2018 — cash flow hedge) (1 473 ) Fair value Fair value Fair value Fair value Contract/ Contract/ of assets of assets of liabilities of liabilities Notional Notional 2019 2018 2019 2018 amount* amount* Rm Rm Rm Rm 2019 2018 Derivatives held for trading Foreign exchange contracts ) ) US$m Crude oil futures — — ) ) US$m ) ) * The notional amount is the sum of the absolute value of all contracts for both derivative assets and liabilities. 2019 2018 Brent crude oil — Put options Premium paid US$m — Number of barrels million Open positions million — Settled million Average Brent crude oil price floor, net of costs (open positions) US$/bbl — Realised losses recognised in the income statement Rm (1 857 ) (1 605 ) Unrealised (losses)/gains recognised in the income statement Rm 1 359 (1 698 ) Amount included in the statement of financial position Rm — Rand/US$ currency — Zero-cost collar instruments US$ exposure — open positions US$bn Annual average floor R/US$ Annual average cap R/US$ Realised (losses)/gains recognised in the income statement Rm ) 2 772 Unrealised gains/(losses) recognised in the income statement Rm (1 836 ) Amount included in the statement of financial position Rm ) Export coal — Swap options Number of tons million Open positions million — Settled million Average coal swap price (open positions) US$/ton — Realised losses recognised in the income statement Rm ) ) Unrealised gains/(losses) recognised in the income statement Rm ) Amount included in the statement of financial position Rm — ) Ethane — Swap options Number of barrels million Open positions million Settled million Average ethane swap price (open positions) US$ c/gal Realised gains/(losses) recognised in the income statement Rm ) Unrealised (losses)/gains recognised in the income statement Rm ) Amount included in the statement of financial position Rm )
Sensitivity analysis of derivative transactions	Volatility Commodity price Rand/US$ US$ Libor curve +USD 2 -USD 2 30 June 2019 +2% -2% c/gal c/gal -R1/US$* +0,5% -0,5% Ethane swap Rm ) ) Zero-cost collar Rm ) 2 495 Interest rate swap Rm ) Volatility Commodity price Rand/US$ US$ Libor curve 30 June 2018 +2% -2% +USD 2/bbl -USD 2/bbl -R1/US$* +0,5% -0,5% Crude oil options Rm ) ) Zero-cost collar Rm ) 2 731 Interest rate swap Rm ) * A weakening of the Rand/US$ spot exchange rate of R2,55, will likely result in the spot price falling within the corridor of the cap and floor rates of the zero-cost collars. No gain or loss will be made if these derivatives are settled at a spot price between the cap and floor. The exchange rate would have to weaken by at least R2,55/US$, up to the cap of R16,63, before losses are incurred on the derivatives.
Schedule of assets and liabilities measured at fair value	Fair value Fair value 30 June hierarchy Financial instrument 2019 Valuation method Significant inputs of inputs Financial assets Investments in listed securities Quoted market price for the same instrument Quoted market price for the same instrument Level 1 Investments in unlisted securities Discounted cash flow Forecasted earnings, capital expenditure and debt cash flows of the underlying business, based on the forecasted assumptions of inflation, exchange rates, commodity prices etc. Appropriate WACC for the region. Level 3 Other long-term investments Discounted cash flow Market related interest rates. Level 3 Long-term receivables 5 582 Discounted cash flow Market related interest rates. Level 3 Derivative assets Forward rate interpolator model, appropriate currency specific discount curve, discounted expected cash flows, numerical approximation Forward exchange contracted rates, market foreign exchange rates, forward contract rates, market commodity prices, coal prices, crude oil prices Level 2 Trade and other receivables 25 611 Discounted cash flow Market related interest rates. Level 3 * Cash and cash equivalents 15 877 ** ** Level 1 ** Financial liabilities Listed long-term debt 49 421 Quoted market price for the same instrument Quoted market price for the same instrument Level 1 Unlisted long-term debt 91 777 Discounted cash flow Market related interest rates Level 3 Short-term debt and bank overdraft 1 297 Discounted cash flow Market related interest rates Level 3 * Derivative liabilities 2 205 Discounted net cash flows, using a swap curve to infer the future floating cash flows, forward rate interpolator model, discounted expected cash flows, numerical approximation US$Overnight Indexed Swap (OIS) curve, recovery probabilities, forward exchange contracted rates, coal prices, market foreign exchange rates Level 2 Trade and other payables 28 501 Discounted cash flow Market related interest rates Level 3 * * The fair value of these instruments approximates their carrying value, due to their short-term nature. ** The carrying value of cash is considered to reflect its fair value.
Foreign currency risk
Financial risk management and financial instruments
Schedules of information related to foreign currency risk and commodity price risk	2019 2018 Euro US dollar Euro US dollar Rm Rm Rm Rm Trade and other receivables 2 375 2 500 Cash and cash equivalents 1 470 1 256 2 257 1 452 Net exposure on assets 1 985 3 631 2 843 3 952 Long-term debt ) (1 851 ) ) (1 651 ) Short-term debt — — — ) Trade and other payables ) (1 077 ) ) (1 248 ) Net exposure on liabilities ) (2 928 ) ) (2 922 ) Exposure on external balances 1 677 2 562 1 030 Net exposure on balances between group companies* (1 135 ) (22 132 ) (2 391 ) 9 584 Total net exposure (21 429 ) 10 614 * The US$ increase relates to additional funding provided to the LCCP by Sasol Financing International.
Schedule of sensitivity analysis	2019 2018 Income Income Equity statement Equity statement Rm Rm Rm Rm Euro US dollar (2 143 ) (2 143 ) 1 053 1 053
Interest rate risk
Financial risk management and financial instruments
Schedule of sensitivity analysis	Income statement – 1% increase United States South Africa Europe of America Other Rm Rm Rm Rm 30 June 2019 ) 30 June 2018 ) ) Income statement – 1% decrease United States South Africa Europe* of America* Other* Rm Rm Rm Rm 30 June 2019 ) ) ) 30 June 2018 ) ) * A decrease of 1% in interest rates for the United States of America and Europe will not have an effect on the income statement as it is not considered reasonably possible that the repo interest rates will decrease below 0%.
Schedule of information about cash flow hedges	Average Expiry Fair value loss Fair value loss Recognised in Recognised Interest rate swap derivatives US$ — pay fixed rate receive floating rate North America** December 2026 ) ) (1 485 ) Mozambique February 2030 — — — ** The interest rate swap was novated in June 2019 when the underlying LCCP bank term loan was refinanced. This ended the hedge relationship with hedge accounting discontinued. A loss of R1 400 million was recognised in other comprehensive income on the revaluation of the cash flow hedge that was offset by a gain of R1 115 million on the reclassification of the swap to profit and loss on termination of the hedge relationship. We will redesignate the swap as a hedging instrument in a cash flow hedge in financial year 2020.
Commodity price risk - crude oil
Financial risk management and financial instruments
Schedules of information related to foreign currency risk and commodity price risk	Dated Brent Crude 2019 2018 US$ US$ High Average Low Contract Fair value Within Contract Fair value Within 2019 2019 2019 2018 2018 2018 Rm Rm Rm Rm Rm Rm Crude oil futures 1 521 ) ) 2 792 ) ) Other commodity derivatives — — —
Schedule of sensitivity analysis	2019 2018 Rm Rm Crude oil ) )

Segment information - Segment i

Segment information - Segment information (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Statement of financial position
Non-current assets	R 391,953	R 357,978	R 310,985
Current assets	78,015	81,257
Non-current liabilities	195,075	150,671
Current liabilities	49,098	59,956
Income Statement
Turnover	203,576	181,461	172,407
Earnings before interest and tax	9,697	17,747	31,705
Earnings attributable to owners of Sasol Limited	4,298	8,729	20,374
Effect of remeasurement items	18,645	9,901	1,616
Depreciation and amortisation expense	17,968	16,425	16,204
Statement of cash flows
Cash flow from operations	48,988	46,638	46,236
Additions to non-current assets	55,800	53,384	60,343
Property, plant and equipment
Other disclosures
Capital commitments	60,095	69,927	90,736
Mining
Income Statement
Turnover	3,222	3,446	2,946
Earnings before interest and tax	4,701	5,244	3,725
Earnings attributable to owners of Sasol Limited	3,021	3,336	2,266
Effect of remeasurement items	45	34	6
Depreciation and amortisation expense	1,805	1,677	1,905
Statement of cash flows
Cash flow from operations	7,025	6,877	5,401
Additions to non-current assets	2,912	3,729	2,839
Mining | Property, plant and equipment
Other disclosures
Capital commitments	2,372	2,640	3,099
Exploration And Production International
Income Statement
Turnover	1,815	1,610	1,750
Earnings before interest and tax	(889)	(3,683)	585
Earnings attributable to owners of Sasol Limited	(1,800)	(4,168)	47
Effect of remeasurement items	1,976	4,241	(6)
Depreciation and amortisation expense	1,582	1,465	2,053
Statement of cash flows
Cash flow from operations	2,528	2,665	1,726
Additions to non-current assets	1,086	2,525	2,600
Exploration And Production International | Property, plant and equipment
Other disclosures
Capital commitments	19,795	18,811	19,431
Energy
Income Statement
Turnover	82,977	69,110	64,254
Earnings before interest and tax	16,566	14,081	11,218
Earnings attributable to owners of Sasol Limited	11,970	8,558	6,395
Effect of remeasurement items	247	971	1,844
Depreciation and amortisation expense	5,331	4,817	4,496
Statement of cash flows
Cash flow from operations	23,247	17,158	17,996
Additions to non-current assets	7,484	6,650	6,781
Energy | Property, plant and equipment
Other disclosures
Capital commitments	10,390	10,320	10,327
Base Chemicals
Income Statement
Turnover	48,113	43,269	41,582
Earnings before interest and tax	(1,431)	918	6,888
Earnings attributable to owners of Sasol Limited	1,622	2,075	5,899
Effect of remeasurement items	3,190	4,512	(374)
Depreciation and amortisation expense	4,788	4,422	4,050
Statement of cash flows
Cash flow from operations	6,343	9,017	11,476
Additions to non-current assets	23,065	20,299	24,182
Base Chemicals | Property, plant and equipment
Other disclosures
Capital commitments	16,504	21,125	30,375
Performance Chemicals
Income Statement
Turnover	67,389	63,986	61,359
Earnings before interest and tax	(7,040)	7,853	8,737
Earnings attributable to owners of Sasol Limited	(3,516)	7,434	7,124
Effect of remeasurement items	13,182	103	136
Depreciation and amortisation expense	3,739	3,299	2,965
Statement of cash flows
Cash flow from operations	9,743	12,303	12,272
Additions to non-current assets	20,403	19,384	23,055
Performance Chemicals | Property, plant and equipment
Other disclosures
Capital commitments	10,434	16,432	26,743
Group Functions
Income Statement
Turnover	60	40	516
Earnings before interest and tax	(2,210)	(6,666)	552
Earnings attributable to owners of Sasol Limited	(6,999)	(8,506)	(1,357)
Effect of remeasurement items	5	40	10
Depreciation and amortisation expense	723	745	735
Statement of cash flows
Cash flow from operations	102	(1,382)	(2,635)
Additions to non-current assets	850	797	886
Group Functions | Property, plant and equipment
Other disclosures
Capital commitments	600	599	761
Operating Segments
Statement of financial position
Non-current assets	382,116	352,384	307,281
Current assets	77,285	77,955
Non-current liabilities	167,489	124,763
Current liabilities	48,059	57,638
Income Statement
Turnover	227,050	202,658	192,807
Operating Segments | Mining
Statement of financial position
Non-current assets	26,485	25,197
Current assets	1,809	2,547
Non-current liabilities	1,701	1,629
Current liabilities	2,601	2,801
Income Statement
Turnover	20,876	19,797	18,962
Operating Segments | Exploration And Production International
Statement of financial position
Non-current assets	13,542	14,217
Current assets	2,475	2,339
Non-current liabilities	6,782	5,684
Current liabilities	1,685	2,371
Income Statement
Turnover	5,184	4,198	4,084
Operating Segments | Energy
Statement of financial position
Non-current assets	67,325	64,526
Current assets	19,727	20,657
Non-current liabilities	11,561	11,616
Current liabilities	13,160	11,462
Income Statement
Turnover	83,803	69,773	64,772
Operating Segments | Base Chemicals
Statement of financial position
Non-current assets	141,160	124,826
Current assets	19,478	15,714
Non-current liabilities	10,612	38,749
Current liabilities	10,234	9,883
Income Statement
Turnover	48,813	43,951	42,288
Operating Segments | Performance Chemicals
Statement of financial position
Non-current assets	126,949	116,945
Current assets	25,007	26,335
Non-current liabilities	11,763	36,538
Current liabilities	12,462	12,584
Income Statement
Turnover	68,296	64,887	62,185
Operating Segments | Group Functions
Statement of financial position
Non-current assets	6,655	6,673
Current assets	8,789	10,363
Non-current liabilities	125,070	30,547
Current liabilities	7,917	18,537
Income Statement
Turnover	78	52	516
Deferred tax assets and liabilities
Statement of financial position
Non-current assets	8,563	4,096	3,082
Non-current liabilities	27,586	25,908
Net tax receivable/payable
Statement of financial position
Current assets	730	3,302
Current liabilities	1,039	2,318
Post-retirement benefit assets
Statement of financial position
Non-current assets	1,274	1,498	622
Intersegmental turnover
Income Statement
Turnover	(23,474)	(21,197)	(20,400)
Intersegmental turnover | Mining
Income Statement
Turnover	(17,654)	(16,351)	(16,016)
Intersegmental turnover | Exploration And Production International
Income Statement
Turnover	(3,369)	(2,588)	(2,334)
Intersegmental turnover | Energy
Income Statement
Turnover	(826)	(663)	(518)
Intersegmental turnover | Base Chemicals
Income Statement
Turnover	(700)	(682)	(706)
Intersegmental turnover | Performance Chemicals
Income Statement
Turnover	(907)	(901)	R (826)
Intersegmental turnover | Group Functions
Income Statement
Turnover	R (18)	R (12)

Segment information - Geographi

Segment information - Geographic segmentation (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of operating segments
Turnover	R 203,576	R 181,461	R 172,407
Earnings before interest and tax	9,697	17,747	31,705
Non-current assets	391,953	357,978	310,985
Operating Segments
Disclosure of operating segments
Turnover	227,050	202,658	192,807
Non-current assets	382,116	352,384	307,281
Deferred tax assets and liabilities
Disclosure of operating segments
Non-current assets	8,563	4,096	3,082
Post-retirement benefit assets
Disclosure of operating segments
Non-current assets	1,274	1,498	622
South Africa
Disclosure of operating segments
Turnover	100,955	88,460	81,997
Earnings before interest and tax	18,576	8,585	20,444
South Africa | Operating Segments
Disclosure of operating segments
Non-current assets	147,688	143,493	139,398
Rest of Africa
Disclosure of operating segments
Turnover	8,814	6,555	7,364
Earnings before interest and tax	707	635	954
Rest of Africa | Operating Segments
Disclosure of operating segments
Non-current assets	19,323	18,443	17,856
Europe
Disclosure of operating segments
Turnover	45,202	43,722	38,060
Earnings before interest and tax	5,017	6,012	3,910
Europe | Operating Segments
Disclosure of operating segments
Non-current assets	15,944	15,389	13,925
North America
Disclosure of operating segments
Turnover	27,737	23,104	23,163
Earnings before interest and tax	(17,743)	(2,316)	1,871
North America | Operating Segments
Disclosure of operating segments
Non-current assets	189,560	165,742	125,983
South America
Disclosure of operating segments
Turnover	2,085	1,928	2,065
Earnings before interest and tax	118	279	260
South America | Operating Segments
Disclosure of operating segments
Non-current assets	1	1	1
Asia, Australia and Middle East
Disclosure of operating segments
Turnover	18,783	17,692	19,758
Earnings before interest and tax	3,022	4,552	4,266
Asia, Australia and Middle East | Operating Segments
Disclosure of operating segments
Non-current assets	9,600	9,316	10,118
Mining
Disclosure of operating segments
Turnover	3,222	3,446	2,946
Earnings before interest and tax	4,701	5,244	3,725
Mining | Operating Segments
Disclosure of operating segments
Turnover	20,876	19,797	18,962
Non-current assets	26,485	25,197
Mining | South Africa
Disclosure of operating segments
Earnings before interest and tax	3,273	3,796	2,775
Mining | Europe
Disclosure of operating segments
Turnover	2,819	2,691	2,040
Earnings before interest and tax	1,249	1,131	658
Mining | Asia, Australia and Middle East
Disclosure of operating segments
Turnover	403	755	906
Earnings before interest and tax	179	317	292
Exploration And Production International
Disclosure of operating segments
Turnover	1,815	1,610	1,750
Earnings before interest and tax	(889)	(3,683)	585
Exploration And Production International | Operating Segments
Disclosure of operating segments
Turnover	5,184	4,198	4,084
Non-current assets	13,542	14,217
Exploration And Production International | South Africa
Disclosure of operating segments
Earnings before interest and tax	1,458	1,008	1,307
Exploration And Production International | Rest of Africa
Disclosure of operating segments
Turnover	652	341	355
Earnings before interest and tax	164	(1,282)	707
Exploration And Production International | Europe
Disclosure of operating segments
Turnover	924	985	835
Earnings before interest and tax	223	194	(503)
Exploration And Production International | North America
Disclosure of operating segments
Turnover	239	284	560
Earnings before interest and tax	(2,739)	(3,595)	(728)
Exploration And Production International | Asia, Australia and Middle East
Disclosure of operating segments
Earnings before interest and tax	5	(8)	(198)
Energy
Disclosure of operating segments
Turnover	82,977	69,110	64,254
Earnings before interest and tax	16,566	14,081	11,218
Energy | Operating Segments
Disclosure of operating segments
Turnover	83,803	69,773	64,772
Non-current assets	67,325	64,526
Energy | South Africa
Disclosure of operating segments
Turnover	77,345	65,827	60,814
Earnings before interest and tax	15,243	13,064	12,248
Energy | Rest of Africa
Disclosure of operating segments
Turnover	4,665	3,282	3,438
Earnings before interest and tax	259	926	(85)
Energy | Europe
Disclosure of operating segments
Turnover	967	1	2
Earnings before interest and tax	14		(47)
Energy | North America
Disclosure of operating segments
Earnings before interest and tax		(1,010)	(1,756)
Energy | Asia, Australia and Middle East
Disclosure of operating segments
Earnings before interest and tax	1,050	1,101	858
Base Chemicals
Disclosure of operating segments
Turnover	48,113	43,269	41,582
Earnings before interest and tax	(1,431)	918	6,888
Base Chemicals | Operating Segments
Disclosure of operating segments
Turnover	48,813	43,951	42,288
Non-current assets	141,160	124,826
Base Chemicals | South Africa
Disclosure of operating segments
Turnover	22,561	21,336	19,891
Earnings before interest and tax	(843)	(3,213)	2,899
Base Chemicals | Rest of Africa
Disclosure of operating segments
Turnover	2,573	2,142	2,751
Earnings before interest and tax	120	416	220
Base Chemicals | Europe
Disclosure of operating segments
Turnover	7,324	7,037	5,922
Earnings before interest and tax	526	812	734
Base Chemicals | North America
Disclosure of operating segments
Turnover	8,039	5,894	3,228
Earnings before interest and tax	(1,724)	430	1,221
Base Chemicals | South America
Disclosure of operating segments
Turnover	584	513	396
Earnings before interest and tax	7	141	100
Base Chemicals | Asia, Australia and Middle East
Disclosure of operating segments
Turnover	7,032	6,347	9,394
Earnings before interest and tax	483	2,332	1,714
Performance Chemicals
Disclosure of operating segments
Turnover	67,389	63,986	61,359
Earnings before interest and tax	(7,040)	7,853	8,737
Performance Chemicals | Operating Segments
Disclosure of operating segments
Turnover	68,296	64,887	62,185
Non-current assets	126,949	116,945
Performance Chemicals | South Africa
Disclosure of operating segments
Turnover	1,049	1,297	1,292
Earnings before interest and tax	449	1,547	1,340
Performance Chemicals | Rest of Africa
Disclosure of operating segments
Turnover	900	790	786
Earnings before interest and tax	189	22	86
Performance Chemicals | Europe
Disclosure of operating segments
Turnover	33,168	33,008	29,261
Earnings before interest and tax	2,754	3,530	2,984
Performance Chemicals | North America
Disclosure of operating segments
Turnover	19,459	16,926	19,375
Earnings before interest and tax	(11,844)	1,809	3,049
Performance Chemicals | South America
Disclosure of operating segments
Turnover	1,501	1,415	1,669
Earnings before interest and tax	111	138	160
Performance Chemicals | Asia, Australia and Middle East
Disclosure of operating segments
Turnover	11,312	10,550	8,976
Earnings before interest and tax	1,301	807	1,118
Group Functions
Disclosure of operating segments
Turnover	60	40	516
Earnings before interest and tax	(2,210)	(6,666)	552
Group Functions | Operating Segments
Disclosure of operating segments
Turnover	78	52	516
Non-current assets	6,655	6,673
Group Functions | South Africa
Disclosure of operating segments
Earnings before interest and tax	(1,004)	(7,617)	(125)
Group Functions | Rest of Africa
Disclosure of operating segments
Turnover	24		34
Earnings before interest and tax	(25)	553	26
Group Functions | Europe
Disclosure of operating segments
Earnings before interest and tax	251	345	84
Group Functions | North America
Disclosure of operating segments
Earnings before interest and tax	(1,436)	50	85
Group Functions | Asia, Australia and Middle East
Disclosure of operating segments
Turnover	36	40	482
Earnings before interest and tax	R 4	R 3	R 482

Segment information - Operating

Segment information - Operating business units (Details) l in Billions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019segmentBcfl
Disclosure of operating segments
Number of reportable segments | segment			6
ORYX GTL
Disclosure of operating segments
Interest in joint ventures (as a percent)	49.00%	49.00%
Escravos GTL
Disclosure of operating segments
Interest in associates (as a percent)	10.00%	10.00%
Energy | ORYX GTL
Disclosure of operating segments
Interest in joint ventures (as a percent)			49.00%
Energy | Escravos GTL
Disclosure of operating segments
Interest in associates (as a percent)			10.00%
Energy | South Africa
Disclosure of operating segments
Annual sales of liquid fuels | l			9
Annual sales of natural and methane-rich gas | Bcf			55

Statement of compliance - Stand

Statement of compliance - Standards applied (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of initial application of standards or interpretations
Property, plant and equipment and assets under construction	R 360,133
Finance costs	(1,253)	R (3,759)	R (3,265)
Pro forma / Results excluding amendment
Disclosure of initial application of standards or interpretations
Property, plant and equipment and assets under construction	358,135
Finance costs	(3,251)
Adjustment on IAS 23 amendment
Disclosure of initial application of standards or interpretations
Property, plant and equipment and assets under construction	1,998
Finance costs	R 1,998

Statement of compliance - Sta_2

Statement of compliance - Standards not yet applied (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of expected impact of initial application of new standards or interpretations
Earnings before interest and tax		R 9,697	R 17,747	R 31,705
Gearing ratio		56.30%	42.20%	26.40%
South Africa
Disclosure of expected impact of initial application of new standards or interpretations
Earnings before interest and tax		R 18,576	R 8,585	R 20,444
South Africa | Minimum
Disclosure of expected impact of initial application of new standards or interpretations
Incremental borrowing rates (as a percent)		8.20%
South Africa | Maximum
Disclosure of expected impact of initial application of new standards or interpretations
Incremental borrowing rates (as a percent)		11.50%
Eurasia | Minimum
Disclosure of expected impact of initial application of new standards or interpretations
Incremental borrowing rates (as a percent)		0.90%
Eurasia | Maximum
Disclosure of expected impact of initial application of new standards or interpretations
Incremental borrowing rates (as a percent)		3.60%
United States of America | Minimum
Disclosure of expected impact of initial application of new standards or interpretations
Incremental borrowing rates (as a percent)		3.70%
United States of America | Maximum
Disclosure of expected impact of initial application of new standards or interpretations
Incremental borrowing rates (as a percent)		5.60%
Increase (decrease) due to application of IFRS 16 | Pro forma / Results excluding amendment | Minimum
Disclosure of expected impact of initial application of new standards or interpretations
Lease liabilities		R 8,400
Right-of-use asset		8,400
Increase (decrease) due to application of IFRS 16 | Pro forma / Results excluding amendment | Maximum
Disclosure of expected impact of initial application of new standards or interpretations
Lease liabilities		9,000
Right-of-use asset		R 9,000
Increase (decrease) due to application of IFRS 16 | Forecast
Disclosure of expected impact of initial application of new standards or interpretations
Gearing ratio		5.00%
Increase (decrease) due to application of IFRS 16 | Forecast | Minimum
Disclosure of expected impact of initial application of new standards or interpretations
Earnings before interest and tax	R 0
Interest expense	300
Depreciation expense	1,400
Increase (decrease) due to application of IFRS 16 | Forecast | Maximum
Disclosure of expected impact of initial application of new standards or interpretations
Earnings before interest and tax	400
Interest expense	600
Depreciation expense	R 1,700

Turnover (Details)

Turnover (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Statement
Revenue from contracts with customers	R 202,676	R 180,523	R 171,524
Revenue from other contracts (franchise rentals, use of fuel tanks and fuel storage)	900	938	883
Total turnover	203,576	181,461	172,407
Sale of goods		178,463	169,115
Services rendered		1,612	1,549
Other trading income		1,386	1,743
Base Chemicals
Income Statement
Revenue from contracts with customers	48,113	43,262	41,573
Polymers
Income Statement
Revenue from contracts with customers	25,864	22,332	22,206
Solvents
Income Statement
Revenue from contracts with customers	13,178	12,948	11,619
Fertilisers and explosives
Income Statement
Revenue from contracts with customers	4,718	4,145	4,021
Other base chemicals
Income Statement
Revenue from contracts with customers	4,353	3,837	3,727
Performance Chemicals
Income Statement
Revenue from contracts with customers	67,228	63,916	61,322
Organics
Income Statement
Revenue from contracts with customers	51,405	49,005	47,122
Waxes
Income Statement
Revenue from contracts with customers	8,474	8,456	8,197
Advanced materials
Income Statement
Revenue from contracts with customers	7,349	6,455	6,003
Coal
Income Statement
Revenue from contracts with customers	3,222	3,446	2,946
Liquid fuels and crude oil
Income Statement
Revenue from contracts with customers	75,819	62,555	57,640
Gas (methane rich and natural gas) and condensate
Income Statement
Revenue from contracts with customers	5,986	5,411	5,625
Other (IP, refinery services)
Income Statement
Revenue from contracts with customers	R 2,308	R 1,933	R 2,418

Materials, energy and consuma_3

Materials, energy and consumables used (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Materials, energy and consumables used
Cost of raw materials	R 79,774	R 66,928	R 63,291
Cost of energy and other consumables used in production process	10,815	9,678	8,145
Materials, energy and consumables used	R 90,589	R 76,606	R 71,436

Employee-related expenditure -

Employee-related expenditure - Analysis of employee costs (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Employee-related expenditure
Labour	R 30,706	R 28,448	R 26,646
Salaries, wages and other employee-related expenditure	28,665	26,388	24,814
Post-retirement benefits	2,041	2,060	1,832
Share-based payment expenses	1,219	1,565	226
equity-settled	1,659	910	463
cash-settled	(440)	655	(237)
Total employee-related expenditure	31,925	30,013	26,872
Costs capitalised to projects	(1,997)	(2,545)	(2,455)
Total employee benefits expense	R 29,928	R 27,468	R 24,417

Employee-related expenditure _2

Employee-related expenditure - Number of employees (Details) - employee	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Number and average number of employees
Permanent employees	31,112	31,020	30,600
Non-permanent employees	317	250	300
Total number of employees	31,429	31,270	30,900
Mining
Number and average number of employees
Total number of employees	7,402	7,471	7,483
Exploration And Production International
Number and average number of employees
Total number of employees	419	430	416
Energy
Number and average number of employees
Total number of employees	5,118	5,069	5,008
Base Chemicals
Number and average number of employees
Total number of employees	8,090	7,724	7,438
Performance Chemicals
Number and average number of employees
Total number of employees	5,667	5,600	5,435
Group Functions
Number and average number of employees
Total number of employees	4,733	4,976	5,120

Translation gains_(losses) (Det

Translation gains/(losses) (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of operating segments
Trade and other receivables	R 98	R 132	R (909)
Trade and other payables	(372)	(354)	237
Foreign currency loans	965	(103)	313
Other	(87)	314	(842)
Translation gains/(losses)	604	(11)	(1,201)
Mining
Disclosure of operating segments
Translation gains/(losses)	(19)	(18)	(19)
Exploration And Production International
Disclosure of operating segments
Translation gains/(losses)	(79)	289	337
Energy
Disclosure of operating segments
Translation gains/(losses)	(337)	(45)	(299)
Base Chemicals
Disclosure of operating segments
Translation gains/(losses)	(124)	(5)	(394)
Performance Chemicals
Disclosure of operating segments
Translation gains/(losses)	51	45	(299)
Group Functions
Disclosure of operating segments
Translation gains/(losses)	R 1,112	R (277)	R (527)

Other operating expenses and _3

Other operating expenses and income (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Other operating expenses and income
Rentals	R 1,845	R 1,497	R 1,367
Insurance	514	432	511
Computer costs	2,155	2,042	1,991
Hired labour	786	838	878
Audit remuneration	97	88	89
Derivative losses/(gains) (including foreign exchange contracts)	2,465	3,927	(635)
Professional fees	2,226	1,971	1,383
Enablement of digital and continuous improvement initiatives	454	409	17
Other	1,772	1,562	1,366
Changes in rehabilitation provisions	1,096	(804)	472
Other expenses	9,880	6,724	6,981
Other operating income	(1,363)	(1,410)	(1,688)
Total other operating expenses and income	19,701	R 15,305	R 11,349
Loss recognised in profit or loss on termination of hedge relationship	R 1,500

Net finance costs - Finance inc

Net finance costs - Finance income (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Net finance costs
Dividends received from investments	R 42	R 520	R 59
Notional interest received		5	1
Interest received	745	1,191	1,508
Interest received on other long-term investments	27	32	36
Interest received on loans and receivables	334	359	349
Interest income on cash and cash equivalents	384	800	1,123
Finance income per income statement	787	1,716	1,568
Less: notional interest		(5)	(1)
Less: interest received on tax	(105)	(146)	(103)
Finance income per the statement of cash flows	R 682	R 1,565	R 1,464

Net finance costs - Finance cos

Net finance costs - Finance costs (Details) - ZAR (R) R in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		R 6,613	R 5,903	R 4,916
Amortisation of loan costs		725	462	279
Notional interest		857	962	834
Total finance costs		8,195	7,327	6,029
Amounts capitalised to assets under construction		(6,942)	(3,568)	(2,764)
Finance costs per income statement		1,253	3,759	3,265
Total finance costs before amortisation of loan costs and notional interest		6,613	5,903	4,916
Add: modification gain		109
Less: interest accrued on long-term debt		(1,025)	(878)	(956)
Less: interest reversed/(accrued) on tax payable		525	(228)	(348)
Finance costs per the statement of cash flows	[1]	6,222	4,797	3,612
Debt and interest rate swap
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		6,088	4,166	3,463
Total finance costs before amortisation of loan costs and notional interest		6,088	4,166	3,463
Secured and unsecured debt
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		6,044	3,880	3,162
Total finance costs before amortisation of loan costs and notional interest		6,044	3,880	3,162
Interest rate swaps
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		44	286	301
Total finance costs before amortisation of loan costs and notional interest		44	286	301
Preference shares
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		116	963	989
Total finance costs before amortisation of loan costs and notional interest		116	963	989
Finance leases
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		871	483	86
Total finance costs before amortisation of loan costs and notional interest		871	483	86
Other
Disclosure of detailed information about borrowings
Borrowing costs incurred before amortisation of loan costs and notional interest		(462)	291	378
Total finance costs before amortisation of loan costs and notional interest		R (462)	R 291	R 378
[1]	Included in finance costs paid is amounts capitalised to assets under construction. Refer note 18.

Earnings and dividends per sh_3

Earnings and dividends per share (Details) - ZAR (R) R / shares in Units, shares in Millions, R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Earnings and dividends per share
Basic earnings per share (in rand per share)	R 6.97	R 14.26	R 33.36
Headline earnings per share (in rand per share)	30.72	27.44	35.15
Diluted earnings per share (in rand per share)	6.93	14.18	33.27
Diluted headline earnings per share (in rand per share)	30.54	27.27	35.05
Dividends per share	5.90	12.90	12.60
Dividends per share - interim	R 5.90	5	4.80
Dividends per share- final		R 7.90	R 7.80
Earnings per share (EPS)
Weighted average number of shares	616.6	612.2	610.7
Earnings attributable to owners of Sasol Limited	R 4,298	R 8,729	R 20,374
Basic earnings per share (in rand per share)	R 6.97	R 14.26	R 33.36
Headline earnings per share (HEPS)
Weighted average number of shares	616.6	612.2	610.7
Earnings attributable to owners of Sasol Limited	R 4,298	R 8,729	R 20,374
Effect of remeasurement items for subsidiaries and joint operations, net of tax	14,628	8,058	1,077
gross remeasurement items	18,645	9,901	1,616
tax effect and non-controlling interest	(4,017)	(1,843)	(539)
Effect of remeasurement items for equity accounted investments	15	11	14
Headline earnings	R 18,941	R 16,798	R 21,465
Headline earnings per share (in rand per share)	R 30.72	R 27.44	R 35.15
Diluted earnings per share (DEPS) and diluted headline earnings per share (DHEPS)
Weighted average number of shares	616.6	612.2	610.7
Potential dilutive effect of long-term incentive scheme	2.9	3.7	1.7
Potential dilutive effect of Sasol Khanyisa Tier 1	0.8
Diluted weighted average number of shares for DEPS and DHEPS	620.3	615.9	612.4
Earnings attributable to owners of Sasol Limited	R 4,298	R 8,729	R 20,374
Diluted earnings attributable to owners of Sasol Limited	4,298	8,729	20,374
Diluted headline earnings per share
Headline earnings attributable to owners of Sasol Limited	18,941	16,798	21,465
Diluted headline earnings attributable to owners of Sasol Limited	R 18,941	R 16,798	R 21,465
Diluted earnings per share (in rand per share)	R 6.93	R 14.18	R 33.27
Diluted headline earnings per share (in rand per share)	R 30.54	R 27.27	R 35.05

Remeasurement items affecting_3

Remeasurement items affecting operating profit - Remeasurement Items (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Remeasurement items
Impairment loss	R 18,451	R 9,115	R 2,477
Reversal of impairment loss	(949)	(354)	(1,136)
Fair value write down - assets held for sale			64
Loss (profit) on disposals	1,109	828	211
Write-off of unsuccessful exploration wells	34	312
Remeasurement items per income statement	18,645	9,901	1,616
Tax effect	(4,012)	(1,834)	(532)
Non-controlling interest effect	(5)	(9)	(7)
Total remeasurement items for subsidiaries and joint operations, net of tax	14,628	8,058	1,077
Remeasurement items for equity accounted investments	15	11	14
Total remeasurement items for the Group, net of tax	14,643	8,069	1,091
Property, plant and equipment
Remeasurement items
Impairment loss	14,161	7,623	415
Reversal of impairment loss	(650)		(272)
Property plant and equipment disposed by sale
Remeasurement items
Loss (profit) on disposals	(32)	(3)	(25)
Property plant and equipment scrapped
Remeasurement items
Loss (profit) on disposals	556	454	183
Assets under construction
Remeasurement items
Impairment loss	4,272	1,492	1,942
Reversal of impairment loss	(299)	(14)	(849)
Loss (profit) on disposals	852	1,200	100
Intangible assets and goodwill
Remeasurement items
Impairment loss	11		120
Reversal of impairment loss		(56)
Loss (profit) on disposals		11	4
Equity accounted investments
Remeasurement items
Reversal of impairment loss		(269)	(15)
Other assets
Remeasurement items
Impairment loss	7
Reversal of impairment loss		(15)
Loss (profit) on disposals		(1)
Disposal of businesses
Remeasurement items
Loss (profit) on disposals	R (267)	R (833)	R (51)

Remeasurement Items affecting_4

Remeasurement Items affecting operating profit - Assumptions (Details)	12 Months Ended
	Jun. 30, 2019R / $$ / gal$ / MMBTU$ / bblR / T	Jun. 30, 2018R / $$ / gal$ / MMBTU$ / bblR / T	Jun. 30, 2017R / $$ / gal$ / MMBTU$ / bblR / T
Impairment assumptions
Long-term average crude oil price (in USD/bbl) | $ / bbl	71.17	73.91	74.29
Long-term average gas price (Henry Hub), excluding margins (real) (in USD/mmbtu) | $ / MMBTU	3.44	3.49	3.69
Long-term average ethane price (nominal) (in US$/gal) | $ / gal	0.3904	0.3742	0.4427
Long-term average ammonia price (in Rand/ton) | R / T	4,258.54	5,807.46	6,392.85
Long-term average exchange rate (R/US$) | R / $	14.29	13.57	14.71
Future oil price period (in years)	5 years	5 years	5 years
Future ammonia price period (in years)	5 years	5 years	5 years
Future exchange rate period (in years)	5 years	5 years	5 years
Future ethane price period (in years)	10 years	10 years	10 years
Minimum
Impairment assumptions
Period over which management has projected cash flows	5 years
South Africa
Impairment assumptions
Growth rate - long-term producer price index	5.50%	5.50%	5.50%
Weighted average cost of capital	13.12%	12.71%	12.50%
Discount rate - risk adjusted	13.12%	12.71%	12.50%
United States of America
Impairment assumptions
Growth rate - long-term producer price index	2.00%	2.00%	2.00%
Weighted average cost of capital	7.18%	7.56%	6.60%
Discount rate - risk adjusted	7.18%	7.56%	6.60%
Europe
Impairment assumptions
Growth rate - long-term producer price index	2.00%	2.00%	2.00%
Europe | Minimum
Impairment assumptions
Weighted average cost of capital	7.18%	7.68%	6.60%
Discount rate - risk adjusted	7.18%	7.68%	6.60%
Europe | Maximum
Impairment assumptions
Weighted average cost of capital	9.48%	9.35%	8.22%
Discount rate - risk adjusted	9.48%	9.35%	8.22%
Canada
Impairment assumptions
Growth rate - long-term producer price index	2.00%	2.00%	2.00%
Weighted average cost of capital	7.18%	7.68%	6.60%
Discount rate - risk adjusted	10.00%	10.00%
Canada | Minimum
Impairment assumptions
Discount rate - risk adjusted			9.50%
Canada | Maximum
Impairment assumptions
Discount rate - risk adjusted			9.80%

Remeasurement items affecting_5

Remeasurement items affecting operating profit - Cash Generating Units (Details) R in Millions, $ in Millions, $ in Millions

Dec. 31, 2018ZAR (R)

Dec. 31, 2017USD ($)

Dec. 31, 2017ZAR (R)

Jun. 30, 2019CAD ($)R / $$ / kJ

Jun. 30, 2019USD ($)

Jun. 30, 2019ZAR (R)

Jun. 30, 2018CAD ($)

Jun. 30, 2018USD ($)

Jun. 30, 2018ZAR (R)

Jun. 30, 2017USD ($)

Jun. 30, 2017ZAR (R)

Jun. 30, 2016CAD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2016ZAR (R)

Jun. 30, 2015CAD ($)

Jun. 30, 2015ZAR (R)

Jun. 30, 2014CAD ($)

Jun. 30, 2014ZAR (R)

Jun. 30, 2019USD ($)R / $$ / kJ

Jun. 30, 2019ZAR (R)R / $$ / kJ

Impairment

Impairment loss (reversal of impairment loss)

R 17,502

Impairment loss

18,451

R 9,115

R 2,477

Reversal of impairment loss

949

354

R 1,136

Tetramerization value chain (LCCP)

Impairment

Impairment loss (reversal of impairment loss)

7,403

Impairment loss

$ 526

7,400

Project cost overrun that would impact recoverable amount | $

200

Change in gas prices (as a percent)

5.00%

5.00%

5.00%

Change in recoverable amount due to change in gas prices

$ 6

R 85

Decrease in recoverable amount due to increase in project costs

$ 5

R 70

Ethylene Oxide / Ethylene Glycol value chain (LCCP)

Impairment

Impairment loss (reversal of impairment loss)

5,460

Impairment loss

388

5,500

Project cost overrun that would impact recoverable amount | $

200

Change in gas prices (as a percent)

5.00%

5.00%

5.00%

Change in recoverable amount due to change in gas prices

$ 55

R 774

Decrease in recoverable amount due to increase in project costs

$ 30

422

Ammonia value chain

Impairment

Impairment loss (reversal of impairment loss)

3,347

Impairment loss

3,300

Change in recoverable amount due to change in gas prices

R (230)

Increase in ammonia prices (as a percent)

5.00%

5.00%

5.00%

Increase in recoverable amount due to increase in ammonia prices

R 1,138

Increase in gas prices (per unit) | $ / kJ

0.000001

0.000001

0.000001

Canadian shale gas asset

Impairment

Impairment loss (reversal of impairment loss)

1,947

Impairment loss

$ 181

1,900

$ 281

2,800

$ 880

R 9,900

$ 133

R 1,300

$ 540

R 5,300

Assets

$ 2

R 22,000

Chlor Vinyls value chain

Impairment

Impairment loss (reversal of impairment loss)

(949)

Impairment loss

5,200

Reversal of impairment loss

R 949

Decrease in exchange rate | R / $

0.50

0.50

0.50

Increase in recoverable amount of CGU due to change in exchange rate

R 872

High Purity Alumina assets

Impairment

Impairment loss (reversal of impairment loss)

205

Sasol Wilmar Alcohol Industries

Impairment

Impairment loss (reversal of impairment loss)

83

Other cash-generating units

Impairment

Impairment loss (reversal of impairment loss)

6

Sasol Petroleum Mozambique - PSA

Impairment

Impairment loss

$ 94

R 1,100

Discount rate - risk adjusted

13.23%

13.23%

13.23%

12.16%

12.16%

Increase in capital costs (as a percent)

20.00%

20.00%

20.00%

Decrease in recoverable amount due to increase in capital costs

$ 84

R 1,183

Change in gas prices (as a percent)

10.00%

10.00%

10.00%

Increase in discount rate (as a percentage)

0.50%

0.50%

0.50%

Sasol Petroleum Mozambique - PSA | Minimum

Impairment

Change in recoverable amount due to change in gas prices

$ 10

R 141

Decrease in recoverable amount due to change in discount rate

27

380

Sasol Petroleum Mozambique - PSA | Maximum

Impairment

Change in recoverable amount due to change in gas prices

37

521

Decrease in recoverable amount due to change in discount rate

$ 29

R 408

US Gas-To-Liquids (GTL)

Impairment

Impairment loss

$ 130

R 1,700

Costs scrapped

$ 83

R 1,100

Lake Charles Chemicals Project

Impairment

Impairment loss

$ 65

956

Reversal of impairment loss

$ 65

R 849

Costs scrapped

$ 48

682

Project cost overrun that would impact recoverable amount | $

2,000

Previous estimated useful life (in years)

25 years

25 years

Estimated useful life (in years)

50 years

50 years

US phenolics

Impairment

Impairment loss

$ 38.4

R 527

$ 11.2

R 165

Property, plant and equipment

Impairment

Impairment loss (reversal of impairment loss)

13,511

Impairment loss

14,161

R 7,623

415

Reversal of impairment loss

650

272

Property, plant and equipment | Tetramerization value chain (LCCP)

Impairment

Impairment loss (reversal of impairment loss)

3,929

Property, plant and equipment | Ethylene Oxide / Ethylene Glycol value chain (LCCP)

Impairment

Impairment loss (reversal of impairment loss)

4,662

Property, plant and equipment | Ammonia value chain

Impairment

Impairment loss (reversal of impairment loss)

3,347

Property, plant and equipment | Canadian shale gas asset

Impairment

Impairment loss (reversal of impairment loss)

1,947

Property, plant and equipment | Chlor Vinyls value chain

Impairment

Impairment loss (reversal of impairment loss)

(650)

Property, plant and equipment | High Purity Alumina assets

Impairment

Impairment loss (reversal of impairment loss)

205

Property, plant and equipment | Sasol Wilmar Alcohol Industries

Impairment

Impairment loss (reversal of impairment loss)

65

Property, plant and equipment | Other cash-generating units

Impairment

Impairment loss (reversal of impairment loss)

6

Assets under construction

Impairment

Impairment loss (reversal of impairment loss)

3,973

Impairment loss

4,272

1,492

1,942

Reversal of impairment loss

299

14

849

Assets under construction | Tetramerization value chain (LCCP)

Impairment

Impairment loss (reversal of impairment loss)

3,474

Assets under construction | Ethylene Oxide / Ethylene Glycol value chain (LCCP)

Impairment

Impairment loss (reversal of impairment loss)

798

Assets under construction | Chlor Vinyls value chain

Impairment

Impairment loss (reversal of impairment loss)

(299)

Intangible assets and goodwill

Impairment

Impairment loss (reversal of impairment loss)

11

Impairment loss

11

R 120

Reversal of impairment loss

56

Intangible assets and goodwill | Sasol Wilmar Alcohol Industries

Impairment

Impairment loss (reversal of impairment loss)

11

Other assets

Impairment

Impairment loss (reversal of impairment loss)

7

Impairment loss

7

Reversal of impairment loss

R 15

Other assets | Sasol Wilmar Alcohol Industries

Impairment

Impairment loss (reversal of impairment loss)

R 7

Disposals and scrapping (Detail

Disposals and scrapping (Details) R in Millions, $ in Millions, $ in Millions	Mar. 14, 2018ZAR (R)	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2017CAD ($)	Jun. 30, 2017ZAR (R)
Disposal and scrapping
Property, plant and equipment			R 708		R 591		R 836
Assets under construction			852		1,200		105
Goodwill and other intangible assets			112		147		103
Equity accounted investments					1,525
Long term receivable and prepaid expenses							7
Assets in disposal groups held for sale			94		215
Trade and other receivables					339		7
Cash and cash equivalents					36
Liabilities in disposal group held for sale			(38)
Short-term provisions					(24)
Tax payable					(35)
Trade and other payables					(208)		(30)
Carrying value of disposals and scrapping before Non-controlling interest			1,728		3,786		1,028
Non-controlling interest					(51)
Carrying value of disposals and scrapping			1,728		3,735		1,028
Total consideration			567		2,425		788
Consideration received			567		2,316		788
Consideration from long-term supply agreement					109
Net loss on disposal before translation effects			(1,161)		(1,310)		(240)
Realisation of accumulated translation effects			52		482		29
Net profit (loss) on disposal			(1,109)		(828)		(211)
Lake Charles Chemicals Project
Disposal and scrapping
Carrying value of disposals and scrapping		$ 48	682
Cost
Disposal and scrapping
Property, plant and equipment			7,245		6,297		7,037
Goodwill and other intangible assets			336		319		173
Accumulated depreciation and impairment
Disposal and scrapping
Property, plant and equipment			(6,537)		(5,706)		(6,201)
Goodwill and other intangible assets			(224)		(172)		(70)
Performance Chemicals - Heat Transfer Fuels (HTF) business
Disposal and scrapping
Consideration received			271
Base Chemicals - Investment in Petronas Chemicals LDPE Sdn Bhd and Petronas Chemicals Olefins Sdn Bhd
Disposal and scrapping
Consideration received					1,918
Realisation of accumulated translation effects	R 494
Net profit (loss) on disposal	R 864
Energy - Property and mineral rights in US (Lake de Smet)
Disposal and scrapping
Consideration received					215
Energy - Sale of Canada land
Disposal and scrapping
Carrying value of disposals and scrapping						$ 35	354
Consideration received						$ 38	389
Other disposal and scrapping
Disposal and scrapping
Consideration received			R 296		183		R 399
US Gas-To-Liquids (GTL)
Disposal and scrapping
Carrying value of disposals and scrapping				$ 83	R 1,100

Disposal group held for sale (D

Disposal group held for sale (Details) € in Millions, R in Millions	Sep. 30, 2019EUR (€)	Jul. 26, 2019	Jun. 30, 2019ZAR (R)	Jun. 30, 2018ZAR (R)	Jun. 30, 2017ZAR (R)
Disposal groups held for sale
Assets			R 469,968	R 439,235
Impairment loss			18,451	9,115	R 2,477
Disposal groups held-for-sale
Disposal groups held for sale
Assets			2,554	113
Liabilities			(488)	(36)
Assets (liabilities)			2,066	77
Disposal groups held-for-sale | Mining
Disposal groups held for sale
Assets (liabilities)				3
Disposal groups held-for-sale | Energy
Disposal groups held for sale
Assets (liabilities)			14
Disposal groups held-for-sale | Base Chemicals
Disposal groups held for sale
Assets (liabilities)			1,852
Disposal groups held-for-sale | Performance Chemicals
Disposal groups held for sale
Assets (liabilities)			200	74
Base Chemicals - Explosives business
Disposal groups held for sale
Assets			1,404
Liabilities			(398)
Base Chemicals - Investment in Sasol Huntsman GmbH & co KG
Disposal groups held for sale
Assets			846
Percentage of equity interest sold		50.00%
Consideration for sale of equity interest | €	€ 90.3
Performance Chemicals - Sasol Wilmar Alcohol Industries
Disposal groups held for sale
Assets			290
Liabilities			(90)
Performance Chemicals - Heat Transfer Fuels (HTF) business
Disposal groups held for sale
Assets				110
Liabilities				(36)
Other
Disposal groups held for sale
Assets			R 14	R 3

Taxation (Details)

Taxation (Details) € in Millions, R in Millions	12 Months Ended
	Jun. 30, 2019ZAR (R)	Jun. 30, 2018ZAR (R)	Jun. 30, 2017EUR (€)	Jun. 30, 2017ZAR (R)
Geographical areas
Income tax	R 5,846	R 6,633		R 7,134
Deferred tax	(2,689)	(1,075)
Total tax expense (income)	3,157	5,558		8,495
South Africa
Geographical areas
Normal tax	3,206	4,035		4,393
current year	3,804	4,689		3,887
prior years	(598)	(654)		506
Dividend withholding tax		68		59
Deferred tax	2,086	(414)		2,677
current year	2,069	(545)		2,634
prior years	17	131		43
Total tax expense (income)	5,285	3,994		7,013
Foreign Countries
Geographical areas
Normal tax	2,640	2,530		2,682
current year	2,544	3,035		2,680
prior years	96	(505)		2
Deferred tax	(4,775)	(661)		(1,316)
current year	(4,831)	(874)		(718)
prior years	55	485		(127)
recognition of previously unrecognised deferred tax assets		(49)		(470)
tax rate change	1	(223)		(1)
Rest of Africa
Geographical areas
Total tax expense (income)	1,465	854		951
Europe
Geographical areas
Total tax expense (income)	1,276	1,649		906
United States of America
Geographical areas
Total tax expense (income)	(4,913)	(1,032)		(424)
Other Country
Geographical areas
Total tax expense (income)	R 44	R 93		49
Italy
Geographical areas
recognition of previously unrecognised deferred tax assets			€ (25.4)	(377.2)
Mozambique
Geographical areas
recognition of previously unrecognised deferred tax assets				R (93)

Taxation - Contingent liability

Taxation - Contingent liability (Details) - ZAR (R) R in Billions	12 Months Ended
	Jun. 30, 2019	Feb. 04, 2019	Jun. 30, 2018
Sasol Oil (Pty) Ltd
Contingent Liabilities
Income tax liability provision			R 1.3
Reversal of income tax liability provision	R 1.3
Tax contingent liability | Sasol Oil (Pty) Ltd
Contingent Liabilities
Estimated financial effect of contingent liabilities	0	R 13.4
Tax contingent liability | Sasol Financing International Limited
Contingent Liabilities
Estimated financial effect of contingent liabilities	R 2.4		R 3.2

Taxation - Reconciliation of ef

Taxation - Reconciliation of effective tax rate (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Reconciliation of average effective tax rate and applicable tax rate
South African normal tax rate	28.00%	28.00%	28.00%
Increase in rate of tax due to - disallowed preference share dividends	0.30%	0.90%	0.90%
Increase in rate of tax due to - disallowed expenditure	9.40%	4.20%	2.30%
Increase in rate of tax due to - disallowed share-based payment expenses	2.90%	5.30%	0.10%
Increase in rate of tax due to - different tax rates	13.20%	2.60%	0.30%
Increase in rate of tax due to - effect of tax litigation matters			3.20%
Increase in rate of tax due to - tax losses not recognised	8.60%	9.30%	1.00%
Increase in rate of tax due to - prior year adjustments	2.00%	0.40%
Increase in rate of tax due to - other adjustments	2.00%	1.50%	0.40%
Normal tax rate plus increase in tax rate	66.40%	52.20%	36.20%
Decrease in rate of tax due to - exempt income	(1.70%)	(4.20%)	(0.40%)
Decrease in rate of tax due to - share of profits of equity accounted investments	(3.30%)	(2.60%)	(1.00%)
Decrease in rate of tax due to - effect of tax litigation matters	(8.20%)
Decrease in rate of tax due to - recognition of previously unrecognised deferred tax assets			(1.60%)
Decrease in rate of tax due to - utilisation of tax losses	(0.30%)	(0.40%)
Decrease in rate of tax due to - investment incentive allowances	(17.20%)	(6.90%)	(2.40%)
Decrease in rate of tax due to - effect of tax rate change in the US		(1.40%)
Decrease in rate of tax due to - translation differences	(0.90%)	(0.90%)	(0.90%)
Decrease in rate of tax due to - prior year adjustments			(1.40%)
Decrease in rate of tax due to - other adjustments	(0.60%)	(0.40%)	(0.20%)
Effective tax rate	34.20%	35.40%	28.30%
Adjusted effective tax rate	29.60%	27.30%	26.50%
Increase in energy efficiency allowance	R 4,200
Canadian shale gas asset
Reconciliation of average effective tax rate and applicable tax rate
Impairment loss	1,900	R 2,800
Deferred tax asset raised on impairment loss	R 0	0
Mozambique PSA
Reconciliation of average effective tax rate and applicable tax rate
Impairment loss		1,100
Deferred tax asset raised on impairment loss		R 0

Tax paid (Details)

Tax paid (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Tax paid
Net amounts receivable at beginning of year	R (984)	R (635)	R (1,609)
Disposal of businesses	(1)	(35)
Net interest and penalties on tax	(630)	92	245
Income tax per income statement	5,846	6,633	7,134
Reclassification to held for sale	6
Foreign exchange differences recognised in income statement	4	(52)	(8)
Translation of foreign operations	14	54	(45)
Current tax beginning balance and expenses	4,255	6,057	5,717
Net tax receivable (payable) at end of year	(309)	984	635
Tax payable	(1,039)	(2,318)	(1,903)
Tax receivable	730	3,302	2,538
Per the statement of cash flows	3,946	7,041	6,352
Dividend withholding tax		68	59
Normal tax including dividend withholding tax	3,946	7,041	6,352
South Africa
Tax paid
Normal tax	933	4,681	3,984
Foreign Countries
Tax paid
Normal tax	R 3,013	R 2,292	R 2,309

Deferred tax - Reconciliation (

Deferred tax - Reconciliation (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reconciliation
Deferred tax liability (asset) at beginning of year	R 21,812	R 22,778
Current year charge	(2,819)	(851)
Current year charge - per the income statement	(2,689)	(1,075)
Current year charge - per the statement of comprehensive income	(130)	224
Reclassification to held for sale	(6)
Foreign exchange differences recognised in income statement	22	34
Translation of foreign operations	14	(149)
Deferred tax liability (asset) at end of year	19,023	21,812
Net deferred tax assets and liabilities
Deferred tax assets			R (8,563)	R (4,096)
Deferred tax liabilities			27,586	25,908
Deferred tax liabilities	R 21,812	R 22,778	R 19,023	R 21,812

Deferred tax - Attributable to

Deferred tax - Attributable to tax jurisdictions (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of temporary difference, unused tax losses and unused tax credits
Net deferred tax liabilities	R 19,023	R 21,812	R 22,778
South Africa
Disclosure of temporary difference, unused tax losses and unused tax credits
Net deferred tax liabilities	25,065	22,501
United States of America
Disclosure of temporary difference, unused tax losses and unused tax credits
Net deferred tax liabilities	(4,998)	301
Germany
Disclosure of temporary difference, unused tax losses and unused tax credits
Net deferred tax liabilities	(550)	(431)
Mozambique
Disclosure of temporary difference, unused tax losses and unused tax credits
Net deferred tax liabilities	559	766
Other Country
Disclosure of temporary difference, unused tax losses and unused tax credits
Net deferred tax liabilities	R (1,053)	R (1,325)

Deferred tax - Temporary differ

Deferred tax - Temporary differences (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax assets	R (8,563)	R (4,096)
Deferred tax liabilities	27,586	25,908
Property, plant and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax assets	2,003	1,194
Deferred tax liabilities	33,342	32,233
Current assets
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax liabilities	(1,147)	(777)
Short- and long-term provisions
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax assets	(2,851)	(1,296)
Deferred tax liabilities	(4,061)	(4,991)
Calculated tax losses
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax assets	(7,329)	(3,267)
Deferred tax liabilities	(150)	(284)
Derivatives
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax liabilities	59	57
Other Temporary Differences
Disclosure of temporary difference, unused tax losses and unused tax credits
Deferred tax assets	(386)	(727)
Deferred tax liabilities	R (457)	R (330)

Deferred tax - Calculated tax l

Deferred tax - Calculated tax losses (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of temporary difference, unused tax losses and unused tax credits
Available for offset against future taxable income	R 48,444	R 23,893
Utilised against deferred tax balance	(29,745)	(6,272)
Not recognised as a deferred tax asset	18,699	R 17,621
Sasol Canada
Disclosure of temporary difference, unused tax losses and unused tax credits
Not recognised as a deferred tax asset	R 15,500

Deferred tax - Calculated tax_2

Deferred tax - Calculated tax losses carried forward (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of temporary difference, unused tax losses and unused tax credits
Calculated tax losses carried forward that have not been recognised	R 18,699	R 17,621
Between three and five years
Disclosure of temporary difference, unused tax losses and unused tax credits
Calculated tax losses carried forward that have not been recognised	712	376
More than five years
Disclosure of temporary difference, unused tax losses and unused tax credits
Calculated tax losses carried forward that have not been recognised	2,212	2,052
Indefinite Life
Disclosure of temporary difference, unused tax losses and unused tax credits
Calculated tax losses carried forward that have not been recognised	R 15,775	R 15,193

Deferred tax - Unremitted earni

Deferred tax - Unremitted earning (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of temporary difference, unused tax losses and unused tax credits
Unremitted earnings at end of year that would be subject to dividend withholding tax	R 28,150	R 45,280
Tax effect if remitted	1,012	1,718
Europe
Disclosure of temporary difference, unused tax losses and unused tax credits
Unremitted earnings at end of year that would be subject to dividend withholding tax	10,808	12,555
Tax effect if remitted	241	267
Rest of Africa
Disclosure of temporary difference, unused tax losses and unused tax credits
Unremitted earnings at end of year that would be subject to dividend withholding tax	2,675	2,346
Tax effect if remitted	213	188
United States of America
Disclosure of temporary difference, unused tax losses and unused tax credits
Unremitted earnings at end of year that would be subject to dividend withholding tax	10,486	23,591
Tax effect if remitted	524	1,179
Other Country
Disclosure of temporary difference, unused tax losses and unused tax credits
Unremitted earnings at end of year that would be subject to dividend withholding tax	4,181	6,788
Tax effect if remitted	R 34	R 84

Deferred tax - Dividend withhol

Deferred tax - Dividend withholding tax (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Deferred tax
Dividend withholding tax rate	20.00%
Undistributed earnings at end of year subjected to dividend withholding tax withheld by the company on behalf of Sasol Limited shareholders	R 180,692	R 185,064
Maximum withholding tax payable by shareholders if distributed to individuals	R 36,138	R 37,013

Share capital - Issued Share Ca

Share capital - Issued Share Capital (Details) - ZAR (R) R / shares in Units, R in Millions	Sep. 07, 2018	Jun. 26, 2018	Jun. 04, 2018	Feb. 26, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Disclosure of classes of share capital
Equity					R 225,795	R 228,608	R 217,234	R 212,418
Repurchase and cancellation of shares					16,085,199	43,503,454
Shares held by Sasol Foundation Trust and Sasol Khanyisa Employee Share Ownership Plan					13,969,621
Share capital
Disclosure of classes of share capital
Equity					R 9,888	R 15,775	29,282	29,282
Share repurchase programme
Disclosure of classes of share capital
Equity							R (2,641)	R (2,641)
Sasol Inzalo share transaction
Disclosure of classes of share capital
Repurchase and cancellation of shares	16,085,199	9,461,882	25,231,686
Share repurchase price	R 542.11	R 475.03	R 0.01
Sasol Investment Company (Pty) Ltd
Disclosure of classes of share capital
Repurchase and cancellation of shares				8,809,886
Treasury shares, percentage of issued shares held by subsidiary (as a percent)								1.43%

Share capital - Authorised, Iss

Share capital - Authorised, Issued, and Held in Reserve (Details) - R / shares	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Disclosure of classes of share capital
Shares authorised	1,314,407,571	1,314,407,571	1,175,000,000
Shares issued	631,028,318	645,560,928	679,822,439	679,775,162
Unissued shares	683,379,253	668,846,643	495,177,561
Sasol ordinary shares of no par value
Disclosure of classes of share capital
Par value per share (in Rand per share)	R 0	R 0	R 0
Shares authorised	1,127,690,590	1,127,690,590	1,127,690,590
Shares issued	624,696,971	623,081,550	651,436,793
Unissued shares	502,993,619	504,609,040	476,253,797
Sasol preferred ordinary shares of no par value
Disclosure of classes of share capital
Par value per share (in Rand per share)	R 0	R 0	R 0
Shares authorised	28,385,646	28,385,646	28,385,646
Shares issued		16,085,199	25,547,081
Unissued shares	28,385,646	12,300,447	2,838,565
Sasol BEE ordinary shares of no par value
Disclosure of classes of share capital
Par value per share (in Rand per share)	R 0	R 0	R 0
Shares authorised	158,331,335	158,331,335	18,923,764
Shares issued	6,331,347	6,394,179	2,838,565
Unissued shares	151,999,988	151,937,156	16,085,199

Share capital - Shares Issued R

Share capital - Shares Issued Roll Forward (Details) - shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Reconciliation of number of shares outstanding
Shares issued at beginning of year	645,560,928	679,822,439	679,775,162
Issued in terms of employee share schemes	1,566,581	1,776,361	47,277
Repurchase and cancellation of shares	(16,085,199)	(43,503,454)
Issued in terms of Sasol Khanyisa	(13,992)	7,465,582
Shares issued at end of year	631,028,318	645,560,928	679,822,439

Long-term debt and finance le_3

Long-term debt and finance leases - Summary (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Long-term debt and finance leases
Total long-term debt	R 137,339	R 109,454	R 81,405
Short-term portion of long-term debt	(2,544)	(12,763)
Long-term debt, non-current portion	134,795	96,691
Long-term debt	127,350	89,411
Finance leases	R 7,445	R 7,280

Long-term debt and finance le_4

Long-term debt and finance leases - Amortised cost summary (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Long-term debt
Unamortised loan costs	R (588)	R (777)
Total long-term debt	137,339	109,454	R 81,405
Secured debt, preference shares and finance leases
Long-term debt
Long-term debt, before unamortised costs	14,372	77,718
Secured Debt
Long-term debt
Long-term debt, before unamortised costs	6,602	62,601
Preference shares
Long-term debt
Long-term debt, before unamortised costs		7,493
Finance leases
Long-term debt
Long-term debt, before unamortised costs	7,770	7,624
Unsecured debt
Long-term debt
Long-term debt, before unamortised costs	R 123,555	R 32,513

Long-term debt and finance le_5

Long-term debt and finance leases - Reconciliation (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Long-term debt and finance leases
Balance at beginning of year	R 109,454	R 81,405
Loans raised	94,002	31,061
Proceeds from new loans	93,884	24,961
Finance leases acquired	118	6,100
Loans repaid	(70,000)	(9,199)
Modification gain	(112)
Interest accrued	1,025	878	R 956
Amortisation of loan costs	725	462
Translation effect of foreign currency loans	212	22
Translation of foreign operations	2,033	4,825
Balance at end of year	R 137,339	R 109,454	R 81,405

Long-term debt and finance le_6

Long-term debt and finance leases - Interest-bearing status (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Interest-bearing status
Interest-bearing debt	R 136,394	R 108,017
Non-interest-bearing debt	945	1,437
Total long-term debt	R 137,339	R 109,454	R 81,405

Long-term debt and finance le_7

Long-term debt and finance leases - Maturity profile (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Maturity profile
Total long-term debt	R 137,339	R 109,454	R 81,405
Within one year
Maturity profile
Total long-term debt	2,544	12,763
One to five years
Maturity profile
Total long-term debt	113,447	72,899
More than five years
Maturity profile
Total long-term debt	R 21,348	R 23,792

Long-term debt and finance le_8

Long-term debt and finance leases - Business segmentation (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Long-term debt
Total long-term debt	R 137,339	R 109,454	R 81,405
Mining
Long-term debt
Total long-term debt		679
Exploration And Production International
Long-term debt
Total long-term debt		784
Energy
Long-term debt
Total long-term debt	8,893	9,503
Base Chemicals
Long-term debt
Total long-term debt	5,503	33,716
Performance Chemicals
Long-term debt
Total long-term debt	1,466	27,914
Group Functions
Long-term debt
Total long-term debt	R 121,477	R 36,858

Long-term debt and finance le_9

Long-term debt and finance leases - Fair Value (Details) - Long-term debt - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Long-term debt
Total long-term debt (before unamortised loan costs)	R 141,198	R 109,984
Minimum
Long-term debt
Interest rate (as a percent)	2.40%
Maximum
Long-term debt
Interest rate (as a percent)	15.30%

Long-term debt and finance l_10

Long-term debt and finance leases - Terms (Details) R in Millions, $ in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jul. 03, 2018CAD ($)	Jul. 03, 2018ZAR (R)	Jun. 30, 2018ZAR (R)	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2017ZAR (R)
Long-term debt
Borrowing limit authorised				R 446,000				R 440,000
Unamortised loan costs				(777)				(588)
Total long-term debt				109,454				137,339	R 81,405
Short-term portion of long-term debt				(12,763)				(2,544)
Long-term debt, non-current portion				R 96,691				134,795
Sasol Financing International Limited
Long-term debt
Proportion of ownership interest in subsidiary	100.00%			100.00%
Sasol Financing USA LLC
Long-term debt
Proportion of ownership interest in subsidiary	100.00%
Long-term debt
Long-term debt
Long-term debt, before unamortised costs				R 110,231				137,927
Secured debt, preference shares and finance leases
Long-term debt
Long-term debt, before unamortised costs				77,718				14,372
Secured Debt
Long-term debt
Long-term debt, before unamortised costs				62,601				6,602
Secured Debt | Repayable in bi-annual instalments ending December 2021
Long-term debt
Carrying value of assets under construction pledged as collateral				140,912
Carrying value of other assets pledged as collateral				24,368
Long-term debt, before unamortised costs				54,953
Secured Debt | Repayable in bi-annual instalments ending December 2021 | Sasol Financing USA LLC
Long-term debt
Repayments of borrowings | $					$ 4,000
Secured Debt | Repayable in quarterly instalments ending August 2024
Long-term debt
Carrying value of property, plant and equipment pledged as collateral				4,551				4,183
Long-term debt, before unamortised costs				2,765				R 2,735
Secured Debt | Repayable in quarterly instalments ending August 2024 | US Dollar | Variable | LIBOR
Long-term debt
Adjustment to interest rate basis	2.50%				2.50%		2.50%	2.50%
Secured Debt | Repayable in bi-annual instalments ending June 2022
Long-term debt
Carrying value of property, plant and equipment pledged as collateral				5,415				R 4,941
Long-term debt, before unamortised costs				3,473				R 2,590
Secured Debt | Repayable in bi-annual instalments ending June 2022 | Rand | Variable | Jibar
Long-term debt
Adjustment to interest rate basis	1.75%				1.75%		1.75%	1.75%
Secured Debt | Repayable in bi-annual instalments ending February 2030
Long-term debt
Carrying value of property, plant and equipment pledged as collateral				1,443				R 1,480
Long-term debt, before unamortised costs				1,183				R 1,093
Secured Debt | Repayable in bi-annual instalments ending February 2030 | US Dollar | Variable | LIBOR
Long-term debt
Adjustment to interest rate basis	5.50%				5.50%		5.50%	5.50%
Secured Debt | Other secured debt
Long-term debt
Long-term debt, before unamortised costs				227				R 184
Preference shares
Long-term debt
Long-term debt, before unamortised costs				7,493
Preference shares | A preference shares
Long-term debt
Long-term debt, before unamortised costs				828
Preference shares | B preference shares
Long-term debt
Long-term debt, before unamortised costs				789
Preference shares | C preference shares
Long-term debt
Long-term debt, before unamortised costs				5,822
Preference shares | A preference shares secured by preference shares held in Sasol Mining
Long-term debt
Long-term debt, before unamortised costs				54
Finance leases
Long-term debt
Long-term debt, before unamortised costs				7,624				7,770
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056
Long-term debt
Carrying value of property, plant and equipment pledged as collateral				7,541				7,369
Long-term debt, before unamortised costs				7,521				R 7,673
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056 | Minimum
Long-term debt
Borrowings, repayment term	1 year
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056 | Maximum
Long-term debt
Borrowings, repayment term	37 years
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056 | Variable | Minimum
Long-term debt
Interest rate	8.00%				8.00%		8.00%	8.00%
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056 | Variable | Maximum
Long-term debt
Interest rate	9.50%				9.50%		9.50%	9.50%
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056 | Fixed | Minimum
Long-term debt
Interest rate	2.36%				2.36%		2.36%	2.36%
Finance leases | Finance leases repayable in monthly instalments over 1 to 37 years ending December 2056 | Fixed | Maximum
Long-term debt
Interest rate	16.58%				16.58%		16.58%	16.58%
Finance leases | Other finance leases
Long-term debt
Long-term debt, before unamortised costs				103				R 97
Unsecured debt
Long-term debt
Long-term debt, before unamortised costs				32,513				123,555
Unsecured debt | Unsecured debt, due April 2031
Long-term debt
Long-term debt, before unamortised costs				1,567				1,779
Unsecured debt | Unsecured debt, repayable July 2018
Long-term debt
Long-term debt, before unamortised costs				784
Repayments of borrowings		$ 75	R 780
Unsecured debt | Unsecured debt, various repayment terms
Long-term debt
Long-term debt, before unamortised costs				523				R 626
Unsecured debt | Unsecured debt, various repayment terms | Fixed
Long-term debt
Interest rate	8.00%				8.00%		8.00%	8.00%
Unsecured debt | Unsecured debt, various repayment terms from November 2022 to November 2023
Long-term debt
Long-term debt, before unamortised costs				29,014				R 63,548
Unsecured debt | Unsecured debt, various repayment terms from November 2022 to November 2023 | Sasol Financing International Limited
Long-term debt
Long-term debt, before unamortised costs	$ 1,000				$ 1,000		$ 1,000	R 14,000
Unsecured debt | Unsecured debt, various repayment terms from November 2022 to November 2023 | Fixed
Long-term debt
Interest rate	4.50%				4.50%		4.50%	4.50%
Unsecured debt | Unsecured debt, various repayment terms from November 2022 to November 2023 | Fixed | Sasol Financing International Limited
Long-term debt
Interest rate	4.50%				4.50%		4.50%	4.50%
Unsecured debt | Unsecured debt, various repayment terms from November 2022 to November 2023 | US Dollar | Variable | LIBOR
Long-term debt
Adjustment to interest rate basis	1.00%				1.00%		1.00%	1.00%
Unsecured debt | Revolving credit facility, November 2023 | Sasol Financing International Limited
Long-term debt
Proceeds from borrowings | $							$ 2,600
Unsecured debt | Various repayment terms from June 2024 To September 2028
Long-term debt
Long-term debt, before unamortised costs								R 57,602
Unsecured debt | Various repayment terms from June 2024 To September 2028 | Sasol Financing USA LLC
Long-term debt
Long-term debt, before unamortised costs	$ 2,250				$ 2,250		$ 2,250	R 31,700
Unsecured debt | Various repayment terms from June 2024 To September 2028 | Fixed | Minimum
Long-term debt
Interest rate	5.80%				5.80%		5.80%	5.80%
Unsecured debt | Various repayment terms from June 2024 To September 2028 | Fixed | Minimum | Sasol Financing USA LLC
Long-term debt
Interest rate	5.88%				5.88%		5.88%	5.88%
Unsecured debt | Various repayment terms from June 2024 To September 2028 | Fixed | Maximum
Long-term debt
Interest rate	6.50%				6.50%		6.50%	6.50%
Unsecured debt | Various repayment terms from June 2024 To September 2028 | Fixed | Maximum | Sasol Financing USA LLC
Long-term debt
Interest rate	6.50%				6.50%		6.50%	6.50%
Unsecured debt | Various repayment terms from June 2024 To September 2028 | US Dollar | Variable | LIBOR | Minimum
Long-term debt
Adjustment to interest rate basis	1.00%				1.00%		1.00%	1.00%
Unsecured debt | Various repayment terms from June 2024 To September 2028 | US Dollar | Variable | LIBOR | Maximum
Long-term debt
Adjustment to interest rate basis	1.40%				1.40%		1.40%	1.40%
Unsecured debt | US Dollar Bonds due March 2024 and September 2028 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $						$ 2,250
Unsecured debt | US Dollar Bond March 2024 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $						1,500
Unsecured debt | US Dollar Bond September 2028 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $						$ 750
Unsecured debt | US Dollar Term Loan June 2024 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $					$ 1,650
Unsecured debt | Revolving credit facility, June 2024 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $					$ 150
Unsecured debt | Unsecured debt, repayable ending December 2018
Long-term debt
Long-term debt, before unamortised costs				R 625

Long-term debt and finance l_11

Long-term debt and finance leases - Lake Charles Project (Details) - Jun. 30, 2019 R in Millions, $ in Millions	USD ($)	ZAR (R)
Long-term debt
Term loan - cash utilised | R		R 137,023
Term loan - remaining | R		22,979
Lake Charles Chemicals Project
Long-term debt
Term loan - total facilities	$ 1,650
Term loan - cash utilised	1,650
Bonds - total facilities	2,250
Bonds - cash utilised	2,250
Available cash, cash flow from operations and general borrowings - total facilities	9,000
Available cash, cash flow from operations and general borrowings - cash utilised	7,533
Available cash, cash flow from operations and general borrowings - remaining	1,467	20,655
Total funding requirement - total facilities	12,900
Total funding requirement - cash utilised	11,433
Total funding requirement - remaining	1,467	R 20,655
Contingency included in total facilities	$ 300

Long-term debt and finance l_12

Long-term debt and finance leases - Contract Amounts (Details) R in Millions, $ in Millions	1 Months Ended
	Aug. 31, 2019ZAR (R)	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018ZAR (R)
Long-term debt
Utilised facilities				R 137,023
Available facilities				22,979
Available cash				13,339
Total funds available for use				36,318
Interest accrued on borrowings				1,025
Unamortised loan costs				588	R 777
Total debt including accrued interest and unamortised loan cost				138,636
Long-term debt, non-current portion				134,795	96,691
Short-term debt				3,783	14,709
Short-term debt				1,239
Short-term portion of long-term debt				2,544	12,763
Bank overdraft				58	R 89
Group treasury facilities | Commercial paper
Long-term debt
Contract amount				8,000
Available facilities				8,000
Proceeds from borrowings	R 2,176
Group treasury facilities | Commercial paper | Jibar | Rand
Long-term debt
Adjustment to interest rate basis	1.30%
Group treasury facilities | Commercial banking facilities
Long-term debt
Contract amount				10,300
Utilised facilities				953
Available facilities				9,347
Group treasury facilities | Revolving credit facility, November 2023
Long-term debt
Contract amount		$ 3,900		54,915
Utilised facilities				49,283
Available facilities				5,632
Group treasury facilities | Revolving credit facility, June 2024
Long-term debt
Contract amount		150		2,112
Utilised facilities				2,112
Unsecured debt | Revolving credit facility, June 2024 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $		150
Unsecured debt | US Dollar Bond | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $			$ 2,240
Unsecured debt | US Bonds Due November 2022
Long-term debt
Contract amount		1,000		14,081
Utilised facilities				14,081
Unsecured debt | US Dollar Bond March 2024
Long-term debt
Contract amount		1,500		21,121
Utilised facilities				21,121
Unsecured debt | US Dollar Bond March 2024 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $			1,500
Unsecured debt | US Dollar Bond September 2028
Long-term debt
Contract amount		750		10,561
Utilised facilities				10,561
Unsecured debt | US Dollar Bond September 2028 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $			$ 750
Unsecured debt | US Dollar Term Loan June 2024
Long-term debt
Contract amount		1,650		23,233
Utilised facilities				23,233
Unsecured debt | US Dollar Term Loan June 2024 | Sasol Financing USA LLC
Long-term debt
Proceeds from borrowings | $		1,650
Specific project asset finance | Republic of Mozambique Loan due June 2022
Long-term debt
Contract amount				2,511
Utilised facilities				2,511
Specific project asset finance | Republic of Mozambique Loan due December 2019
Long-term debt
Contract amount				71
Utilised facilities				71
Specific project asset finance | Clean Fuels II project financing
Long-term debt
Contract amount				1,948
Utilised facilities				1,948
Other debt arrangements
Long-term debt
Utilised facilities				R 11,149
Secured Debt | Repayable in bi-annual instalments ending December 2021 | Sasol Financing USA LLC
Long-term debt
Repayments of borrowings | $		$ 4,000

Property, plant and equipment_2

Property, plant and equipment (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Property, plant and equipment
Amount at beginning of the year	R 167,457	R 158,773
Additions	2,720	6,992	R 1,112
Additions, to sustain existing operations	2,401	4,606
Additions, to expand operations	319	2,386
Net reclassification (to)/from other assets	(390)
Reduction in rehabilitation provisions capitalised (note 31)	(1)	(961)
Disposal of business		(24)
Projects capitalised	96,084	25,316
Reclassification (to)/from held for sale	(503)	(41)
Translation of foreign operations	(64)	1,639
Disposal and scrapping	(708)	(567)
Current year depreciation charge	(17,535)	(16,047)
Net impairment of property, plant and equipment	(13,511)	(7,623)
Amount at ending of the year	233,549	167,457	158,773
Cost
Property, plant and equipment
Amount at beginning of the year	328,336	298,758
Amount at ending of the year	418,754	328,336	298,758
Accumulated depreciation and impairment
Property, plant and equipment
Amount at beginning of the year	(160,879)	(139,985)
Amount at ending of the year	(185,205)	(160,879)	(139,985)
Land
Property, plant and equipment
Amount at beginning of the year	2,744	1,357
Additions	6	5
Additions, to sustain existing operations	6	5
Net reclassification (to)/from other assets	(6)	3
Projects capitalised	1,452	1,268
Reclassification (to)/from held for sale	(8)	15
Translation of foreign operations	36	113
Disposal and scrapping	(22)	(17)
Amount at ending of the year	4,202	2,744	1,357
Land | Cost
Property, plant and equipment
Amount at beginning of the year	3,036	1,630
Amount at ending of the year	4,403	3,036	1,630
Land | Accumulated depreciation and impairment
Property, plant and equipment
Amount at beginning of the year	(292)	(273)
Amount at ending of the year	(201)	(292)	(273)
Buildings and improvements
Property, plant and equipment
Amount at beginning of the year	8,537	7,851
Additions	395	367
Additions, to sustain existing operations	76	29
Additions, to expand operations	319	338
Net reclassification (to)/from other assets	19	(171)
Reduction in rehabilitation provisions capitalised (note 31)		(2)
Projects capitalised	7,281	928
Reclassification (to)/from held for sale	(57)	(6)
Translation of foreign operations	4	151
Disposal and scrapping	(90)	(9)
Current year depreciation charge	(643)	(572)
Net impairment of property, plant and equipment	(12)
Amount at ending of the year	15,434	8,537	7,851
Buildings and improvements | Cost
Property, plant and equipment
Amount at beginning of the year	15,652	14,231
Amount at ending of the year	23,034	15,652	14,231
Buildings and improvements | Accumulated depreciation and impairment
Property, plant and equipment
Amount at beginning of the year	(7,115)	(6,380)
Amount at ending of the year	(7,600)	(7,115)	(6,380)
Plant, equipment and vehicles
Property, plant and equipment
Amount at beginning of the year	127,336	117,699
Additions	959	6,327
Additions, to sustain existing operations	959	4,279
Additions, to expand operations		2,048
Net reclassification (to)/from other assets	(97)	169
Reduction in rehabilitation provisions capitalised (note 31)	(1)	(85)
Disposal of business		(24)
Projects capitalised	83,768	19,990
Reclassification (to)/from held for sale	(438)	(50)
Translation of foreign operations	(182)	1,512
Disposal and scrapping	(547)	(428)
Current year depreciation charge	(13,607)	(12,445)
Net impairment of property, plant and equipment	(11,956)	(5,329)
Amount at ending of the year	185,235	127,336	117,699
Plant, equipment and vehicles | Cost
Property, plant and equipment
Amount at beginning of the year	239,262	215,017
Amount at ending of the year	316,548	239,262	215,017
Plant, equipment and vehicles | Accumulated depreciation and impairment
Property, plant and equipment
Amount at beginning of the year	(111,926)	(97,318)
Amount at ending of the year	(131,313)	(111,926)	(97,318)
Mineral assets
Property, plant and equipment
Amount at beginning of the year	28,840	31,866
Additions	1,360	293
Additions, to sustain existing operations	1,360	293
Net reclassification (to)/from other assets	(306)	(1)
Reduction in rehabilitation provisions capitalised (note 31)		(874)
Projects capitalised	3,583	3,130
Translation of foreign operations	78	(137)
Disposal and scrapping	(49)	(113)
Current year depreciation charge	(3,285)	(3,030)
Net impairment of property, plant and equipment	(1,543)	(2,294)
Amount at ending of the year	28,678	28,840	31,866
Mineral assets | Cost
Property, plant and equipment
Amount at beginning of the year	70,386	67,880
Amount at ending of the year	74,769	70,386	67,880
Mineral assets | Accumulated depreciation and impairment
Property, plant and equipment
Amount at beginning of the year	(41,546)	(36,014)
Amount at ending of the year	R (46,091)	R (41,546)	R (36,014)

Property, plant and equipment-

Property, plant and equipment- Segmentation (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Property, plant and equipment
Property, plant and equipment	R 233,549	R 167,457	R 158,773
Mining
Property, plant and equipment
Property, plant and equipment	23,540	22,584
Exploration And Production International
Property, plant and equipment
Property, plant and equipment	6,076	7,646
Energy
Property, plant and equipment
Property, plant and equipment	48,924	47,743
Base Chemicals
Property, plant and equipment
Property, plant and equipment	77,339	46,874
Performance Chemicals
Property, plant and equipment
Property, plant and equipment	74,313	39,274
Group Functions
Property, plant and equipment
Property, plant and equipment	R 3,357	R 3,336

Property, plant and equipment_3

Property, plant and equipment- Cash flow additions (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Additions to property, plant and equipment (cash flow)
Current year additions	R 2,720	R 6,992	R 1,112
Adjustments for non-cash items	(1,491)	(6,278)	(722)
Adjustments for non-cash items, movement in environmental provisions capitalised	(1,387)	(178)	(324)
Adjustments for non-cash items, movement in long-term debt	(104)	(6,100)
Adjustments for non-cash items, other non-cash movements			(398)
Per the statement of cash flows	R 1,229	714	R 390
Air separation unit
Additions to property, plant and equipment (cash flow)
Current year additions		3,400
Lake Charles Chemicals Project
Additions to property, plant and equipment (cash flow)
Current year additions		R 1,800

Property, plant and equipment_4

Property, plant and equipment- Leased assets (Details) - Plant, equipment and vehicles - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Leased assets
Leased assets	R 7,423	R 7,547
Cost
Leased assets
Leased assets	9,316	9,116
Accumulated depreciation and impairment
Leased assets
Leased assets	R (1,893)	R (1,569)

Property, plant and equipment_5

Property, plant and equipment- Capital commitments (Details) - Property, plant and equipment - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Capital commitments (excluding equity accounted investments)
Authorised and contracted for	R 212,848	R 179,172
Authorised but not yet contracted for	43,097	47,338
Less expenditure to the end of year	(195,850)	(156,583)
Total capital commitments	60,095	69,927	R 90,736
Capital commitments to sustain existing operations	29,654	26,925
Capital commitments to expand operations	R 30,441	R 43,002

Property, plant and equipment_6

Property, plant and equipment- Segmentation and capital commitment (Details) - Property, plant and equipment R in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2017ZAR (R)
Property, plant and equipment
Capital commitments		R 60,095		R 69,927	R 90,736
Originally presented
Property, plant and equipment
Capital commitments				63,276
Increase due to review of forecast
Property, plant and equipment
Capital commitments			$ 484	6,651
Mining
Property, plant and equipment
Capital commitments		2,372		2,640	3,099
Exploration And Production International
Property, plant and equipment
Capital commitments		19,795		18,811	19,431
Energy
Property, plant and equipment
Capital commitments		10,390		10,320	10,327
Base Chemicals
Property, plant and equipment
Capital commitments		16,504		21,125	30,375
Performance Chemicals
Property, plant and equipment
Capital commitments		10,434		16,432	26,743
Group Functions
Property, plant and equipment
Capital commitments		600		599	R 761
Lake Charles Chemicals Project
Property, plant and equipment
Capital commitments		11,856		22,084
Estimated financial effect of contingent liabilities | $	$ 216
Mozambique exploration and development
Property, plant and equipment
Capital commitments		17,375		17,108
Sixth Fine Ash Dam (environmental)
Property, plant and equipment
Capital commitments		2,302		3,720
Shutdown and major statutory maintenance
Property, plant and equipment
Capital commitments		5,949		6,172
Renewal projects
Property, plant and equipment
Capital commitments		4,578		5,003
Mulalo project: 132 kilo volt electrical infrastructure
Property, plant and equipment
Capital commitments		1,329
Steam Station 2 NOx Abatement
Property, plant and equipment
Capital commitments		1,168		50
Steam Station 1 Air Quality Compliance
Property, plant and equipment
Capital commitments		577
Mozambique drillling campaign and infield compression
Property, plant and equipment
Capital commitments		915
Clean fuels II: To meet legislated fuel specifications
Property, plant and equipment
Capital commitments		418
China Ethoxylation Plant
Property, plant and equipment
Capital commitments		135		577
Air separation unit
Property, plant and equipment
Capital commitments				470
Refurbishment of equipment
Property, plant and equipment
Capital commitments		409		445
Etame field development
Property, plant and equipment
Capital commitments		380
Mine geographical expansions
Property, plant and equipment
Capital commitments		406		426
Natref air quality compliance projects
Property, plant and equipment
Capital commitments		353		17
Impumelelo Colliery to maintain Brandspruit Colliery operation
Property, plant and equipment
Capital commitments		220		357
Coal tar filtration east and west project
Property, plant and equipment
Capital commitments		356		779
Other capital commitments
Property, plant and equipment
Capital commitments		11,369		12,719
Within one year
Property, plant and equipment
Capital commitments		32,194		44,801
One to five years
Property, plant and equipment
Capital commitments		R 27,901		R 25,126

Property, plant and equipment -

Property, plant and equipment - Depreciation ranges (Details)	12 Months Ended
	Jun. 30, 2019
Minimum | Buildings and improvements
Property, plant and equipment
Depreciation rate for property, plant and equipment	1.00%
Minimum | Retail convenience centres
Property, plant and equipment
Depreciation rate for property, plant and equipment	3.00%
Minimum | Plant
Property, plant and equipment
Depreciation rate for property, plant and equipment	2.00%
Minimum | Equipment
Property, plant and equipment
Depreciation rate for property, plant and equipment	3.00%
Minimum | Vehicles
Property, plant and equipment
Depreciation rate for property, plant and equipment	5.00%
Maximum | Buildings and improvements
Property, plant and equipment
Depreciation rate for property, plant and equipment	17.00%
Maximum | Retail convenience centres
Property, plant and equipment
Depreciation rate for property, plant and equipment	5.00%
Maximum | Plant
Property, plant and equipment
Depreciation rate for property, plant and equipment	50.00%
Maximum | Equipment
Property, plant and equipment
Depreciation rate for property, plant and equipment	91.00%
Maximum | Vehicles
Property, plant and equipment
Depreciation rate for property, plant and equipment	33.00%

Assets under construction - Ass

Assets under construction - Asset rollforward (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Assets under construction
Balance at beginning of year	R 165,361
Additions	53,142	R 52,806	R 60,312
Finance costs capitalised	6,942	3,568	2,764
Disposals and scrapping	(852)	(1,200)	(105)
Balance at end of year	127,764	165,361
Assets under construction
Assets under construction
Balance at beginning of year	165,361	130,734
Additions	53,142	52,806
to sustain existing operations	21,984	19,127
to expand operations	31,158	33,679
Net reclassification from/(to) other assets	230	9
Finance costs capitalised	6,942	3,568
Net impairment of assets under construction	(4,007)	(1,790)
Reclassification to disposal groups held for sale	(153)
Reduction in rehabilitation provision capitalised (note 30)		(472)
Projects capitalised	(96,900)	(25,769)
Translation of foreign operations	4,001	7,475
Disposals and scrapping	(852)	(1,200)
Balance at end of year	127,764	165,361	130,734
Property, plant and equipment under construction
Assets under construction
Balance at beginning of year	163,783	129,124
Additions	52,786	51,871
to sustain existing operations	21,739	18,889
to expand operations	31,047	32,982
Net reclassification from/(to) other assets	(93)	42
Finance costs capitalised	6,942	3,568
Net impairment of assets under construction	(3,973)	(1,478)
Reclassification to disposal groups held for sale	(153)
Reduction in rehabilitation provision capitalised (note 30)		(341)
Projects capitalised	(96,084)	(25,315)
Translation of foreign operations	3,971	7,464
Disposals and scrapping	(852)	(1,152)
Balance at end of year	126,327	163,783	129,124
Other intangible assets under development
Assets under construction
Balance at beginning of year	1,125	1,245
Additions	289	321
to sustain existing operations	245	238
to expand operations	44	83
Net reclassification from/(to) other assets		(33)
Projects capitalised	(816)	(454)
Translation of foreign operations	29	46
Balance at end of year	627	1,125	1,245
Exploration and evaluation assets
Assets under construction
Balance at beginning of year	453	365
Additions	67	614
to expand operations	67	614
Net reclassification from/(to) other assets	323
Net impairment of assets under construction	(34)	(312)
Reduction in rehabilitation provision capitalised (note 30)		(131)
Translation of foreign operations	1	(35)
Disposals and scrapping		(48)
Balance at end of year	R 810	R 453	R 365

Assets under construction - Bus

Assets under construction - Business segmentation and cash flow (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Assets under construction
Assets under construction	R 127,764	R 165,361
Current year additions	53,142	52,806	R 60,312
Adjustments for non-cash items	1,410	(171)	(420)
cash flow hedge accounting		1	(2)
movement in environmental provisions capitalised	(537)	(172)	(418)
movement in long-term debt	(13)
LCCP investment incentives	1,960
Per the statement of cash flows	54,552	52,635	R 59,892
Mining
Assets under construction
Assets under construction	2,268	2,095
Exploration And Production International
Assets under construction
Assets under construction	7,426	6,457
Energy
Assets under construction
Assets under construction	7,698	5,993
Base Chemicals
Assets under construction
Assets under construction	60,927	75,648
Performance Chemicals
Assets under construction
Assets under construction	48,764	74,595
Group Functions
Assets under construction
Assets under construction	R 681	R 573

Assets under construction - Pro

Assets under construction - Projects to sustain and expand operations (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Assets under construction
Capital expenditure cash flow	R 54,552	R 52,635	R 59,892
Projects to sustain operations
Assets under construction
Capital expenditure cash flow	21,967	19,125
Secunda Synfuels Operations
Assets under construction
Capital expenditure cash flow	10,315	8,608
Shutdown and major statutory maintenance
Assets under construction
Capital expenditure cash flow	4,825	3,775
Renewal projects
Assets under construction
Capital expenditure cash flow	1,880	1,481
Oxygen train 17 (Outside Battery Limits portion)
Assets under construction
Capital expenditure cash flow	90	417
Sixth Fine Ash Dam (environmental)
Assets under construction
Capital expenditure cash flow	1,417	1,353
Volatile organic compounds abatement programme (environmental)
Assets under construction
Capital expenditure cash flow	141	137
Coal tar filtration east project (safety)
Assets under construction
Capital expenditure cash flow	329	294
Other environmental related expenditure - Secunda Synfuels Operations
Assets under construction
Capital expenditure cash flow	170	133
Other safety related expenditure - Secunda Synfuels Operations
Assets under construction
Capital expenditure cash flow	556	362
Other sustain - Secunda Synfuels Operations
Assets under construction
Capital expenditure cash flow	907	656
Mining Secunda And Sasolburg
Assets under construction
Capital expenditure cash flow	2,894	3,720
Shondoni Colliery to maintain Middelbult Colliery operation
Assets under construction
Capital expenditure cash flow	80	318
Impumelelo Colliery to maintain Brandspruit Colliery operation
Assets under construction
Capital expenditure cash flow	157	258
Acquisition of mineral rights
Assets under construction
Capital expenditure cash flow		650
Refurbishment of equipment
Assets under construction
Capital expenditure cash flow	674	867
Mine geographical expansions
Assets under construction
Capital expenditure cash flow	605	449
Other safety related expenditure - Mining Secunda and Sasolburg
Assets under construction
Capital expenditure cash flow	355	196
Other sustain - Mining Secunda and Sasolburg
Assets under construction
Capital expenditure cash flow	1,023	982
Other (in various locations)
Assets under construction
Capital expenditure cash flow	8,758	6,797
Expenditure related to environmental obligations
Assets under construction
Capital expenditure cash flow	590	476
Expenditure incurred relating to safety regulations
Assets under construction
Capital expenditure cash flow	283	409
Other sustain - Other (in various locations)
Assets under construction
Capital expenditure cash flow	7,885	5,912
Projects to expand operations
Assets under construction
Capital expenditure cash flow	32,585	33,510
Lake Charles Chemicals Project
Assets under construction
Capital expenditure cash flow	30,289	30,100
China Ethoxylation Plant
Assets under construction
Capital expenditure cash flow	489	398
Canadian shale gas asset
Assets under construction
Capital expenditure cash flow	141	101
High-density polyethylene plant
Assets under construction
Capital expenditure cash flow		265
Mozambique exploration and development
Assets under construction
Capital expenditure cash flow	221	1,002
Other projects to expand operations
Assets under construction
Capital expenditure cash flow	R 1,445	R 1,644

Assets under construction - Pol

Assets under construction - Policy (Details)	12 Months Ended
	Jun. 30, 2019
Assets under construction
Capitalisation rate	5.50%

Long-term receivables and pre_3

Long-term receivables and prepaid expenses (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Long-term receivables and prepaid expenses
Total long-term receivables	R 6,007	R 3,921
Short-term portion of long-term receivables	(214)	(97)
Long-term portion of long-term receivables	5,582	3,786
Long-term prepaid expenses	735	860
Long-term receivables and prepaid expenses	6,317	4,646
Long-term receivables (interest bearing) - joint operations	1,252	1,204
Long-term loans	2,370	2,582
LCCP investment incentives	1,960
Impairment
Long-term receivables and prepaid expenses
Total long-term receivables	R (211)	R (38)

Equity accounted investments -

Equity accounted investments - Joint ventures and associates segmentation (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Equity accounted investments
Investments in joint ventures and associates	R 9,866	R 10,991
Mining
Equity accounted investments
Investments in joint ventures and associates	5	1
Energy
Equity accounted investments
Investments in joint ventures and associates	9,449	9,667
Base Chemicals
Equity accounted investments
Investments in joint ventures and associates	273	1,164
Performance Chemicals
Equity accounted investments
Investments in joint ventures and associates	16	16
Group Functions
Equity accounted investments
Investments in joint ventures and associates	R 123	R 143

Equity accounted investments _2

Equity accounted investments - Joint ventures recognised (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Equity accounted investments.
Share of profits of equity accounted investments, net of tax	R 1,074	R 1,443	R 1,071
Share of profits	1,089	1,454	1,085
Remeasurement items for equity accounted investments	(15)	(11)	(14)
Dividends received from equity accounted investments	1,506	R 1,702	R 1,539
Amount of significant restrictions on ability of joint ventures or associates to transfer funds to parent	R 0

Equity accounted investments _3

Equity accounted investments - Joint ventures total carrying value (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Equity accounted investments
Investments in joint ventures and associates	R 9,866	R 10,991
Other equity accounted investments
Equity accounted investments
Investments in joint ventures and associates	327	310
Escravos GTL
Equity accounted investments
Investments in joint ventures and associates	R 753	R 1,027
Interest in associates (as a percent)	10.00%	10.00%
ORYX GTL
Equity accounted investments
Investments in joint ventures and associates	R 8,239	R 8,179
Interest in joint ventures (as a percent)	49.00%	49.00%
Sasol Huntsman Gmbh And Co Kg
Equity accounted investments
Investments in joint ventures and associates		R 893
Interest in joint ventures (as a percent)		50.00%
Sasol Dyno Nobel Pty Ltd
Equity accounted investments
Investments in joint ventures and associates	R 273	R 271
Interest in joint ventures (as a percent)	50.00%	50.00%
Sasol Chevron Holdings Limited
Equity accounted investments
Investments in joint ventures and associates	R 274	R 311
Interest in joint ventures (as a percent)	50.00%	50.00%

Equity accounted investments _4

Equity accounted investments - Not material and Capital commitments (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Summarised financial information for the group's share of equity accounted investments which are not material
Share of profits of equity accounted investments, net of tax	R 1,074	R 1,443	R 1,071
Equity accounted investments
Capital commitments and relating to equity accounted investments
Authorised and contracted for	715	536
Authorised but not yet contracted for	1,100	623
Less expenditure to the end of year	(532)	(266)
Total capital commitments	1,283	893
Immaterial equity accounted investments
Summarised financial information for the group's share of equity accounted investments which are not material
Operating profit	13	419
(Loss)/profit before tax	(2)	427
Taxation	(56)	(152)
Share of profits of equity accounted investments, net of tax	R (58)	R 275

Equity accounted investments _5

Equity accounted investments - ORYX GTL Limited, financial position (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Joint ventures
Non-current assets				R 391,953	R 357,978	R 310,985
Current assets				78,015	81,257
Total assets				469,968	439,235
Deferred tax liability				27,586	25,908
Tax payable				1,039	2,318	1,903
Summarised income statement
Turnover	R 203,576	R 181,461	R 172,407
Depreciation and amortisation	(17,968)	(16,425)	(16,204)
Other operating expenses	(19,701)	(15,305)	(11,349)
Earnings before interest and tax (EBIT)	9,697	17,747	31,705
Finance income	787	1,716	1,568
Finance costs	(1,253)	(3,759)	(3,265)
Earnings before tax	9,231	15,704	30,008
Taxation	(3,157)	(5,558)	(8,495)
Earnings for the year	6,074	10,146	21,513
Reconciliation of summarised financial information
Profit before tax for the year	9,231	15,704	30,008
Taxation	(3,157)	(5,558)	(8,495)
Dividends paid	(10,103)	(8,677)	(9,617)
Equity accounted investments				9,866	10,991
Contingent liabilities incurred in relation to interests in joint ventures				0
Contingent liabilities incurred in relation to interests in associates				0
ORYX GTL
Joint ventures
Non-current assets				11,964	12,202
Current assets				6,722	6,640
Total assets				18,686	18,842
Other non-current liabilities				378	360
Deferred tax liability				(22)	9
Other current liabilities				1,337	1,036
Tax payable				100	436
Total liabilities				1,793	1,841
Net assets	17,001	15,334	15,334	16,893	17,001	R 15,334
Summarised income statement
Turnover	9,977	10,159
Depreciation and amortisation	(1,420)	(1,190)
Other operating expenses	(5,039)	(5,313)
Earnings before interest and tax (EBIT)	3,518	3,656
Finance income	33	11
Finance costs	(3)	(1)
Earnings before tax	3,548	3,666
Taxation	(607)	(628)
Earnings for the year	2,941	3,038
The group's share of profits of equity accounted investment	1,131	1,168
49% share of profit before tax	1,738	1,796
Taxation	(607)	(628)
Reconciliation of summarised financial information
Net assets at the beginning of the year	17,001	15,334
Profit before tax for the year	3,548	3,666
Taxation	(607)	(628)
Foreign exchange differences	490	839
Dividends paid	(3,539)	(2,210)
Net assets at the end of the year	R 16,893	R 17,001	R 15,334
Additional Sasol specific liabilities				(79)	(309)
Adjusted net assets at the end of the year				16,814	16,692
Equity accounted investments				R 8,239	R 8,179
Share of pre-tax profits (as a percent)				49.00%
Share of tax liabilities (as a percent)				35.00%

Interest in joint operations (D

Interest in joint operations (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Statement of financial position
External non-current assets	R 391,953	R 357,978	R 310,985
Total assets	469,968	439,235
Shareholders' equity	225,795	228,608	217,234	R 212,418
Long-term liabilities	195,075	150,671
Total equity and liabilities	469,968	439,235
Summarised income statement
Turnover	203,576	181,461	172,407
Operating (loss)/profit	9,697	17,747	31,705
Earnings before tax	9,231	15,704	30,008
Taxation	(3,157)	(5,558)	(8,495)
Earnings for the year	6,074	10,146	21,513
Statement of cash flows
Cash flow from operations	48,988	46,638	46,236
Movement in working capital	2,410	(3,761)	(2,167)
Tax paid	(3,946)	(7,041)	(6,352)
Cash available from operating activities	43,418	34,306	37,108
Dividends paid	(9,952)	(7,952)	(8,628)
Cash retained from operating activities	31,943	25,629	27,491
Cash flow from investing activities	(56,412)	(53,979)	(56,677)
Cash flow from financing activities	23,131	15,112	9,536
(Increase)/decrease in cash requirements	(1,176)	(12,284)	R (22,857)
Joint Operations
Statement of financial position
External non-current assets	10,858	13,055
External current assets	1,651	1,503
Intercompany current assets	109	1,146
Total assets	12,618	15,704
Shareholders' equity	2,888	5,389
Long-term liabilities	8,001	7,710
Interest-bearing current liabilities	589	1,408
Non-interest-bearing current liabilities	737	771
Intercompany current liabilities	403	426
Total equity and liabilities	12,618	15,704
Summarised income statement
Turnover	4,135	3,660
Operating (loss)/profit	(2,323)	(3,089)
Other expenses	(444)	(438)
Earnings before tax	(2,767)	(3,527)
Taxation	(62)	(49)
Earnings for the year	(2,829)	(3,576)
Statement of cash flows
Cash flow from operations	1,337	1,189
Movement in working capital	(111)	397
Tax paid	(24)	(5)
Other expenses	(561)	(485)
Cash available from operating activities	641	1,096
Dividends paid	(230)	(111)
Cash retained from operating activities	411	985
Cash flow from investing activities	(843)	(712)
Cash flow from financing activities	(612)	1,575
(Increase)/decrease in cash requirements	(1,044)	1,848
Capital commitments	R 1,080	R 427
Gemini HDPE LLC
Joint operations
Interest in joint operation (as a percent)	50.00%	50.00%
Statement of financial position
External non-current assets	R 4,462
External current assets	73
Intercompany current assets	18
Total assets	4,553
Shareholders' equity	1,869
Long-term liabilities	2,480
Interest-bearing current liabilities	120
Non-interest-bearing current liabilities	84
Total equity and liabilities	4,553
Summarised income statement
Turnover	441
Operating (loss)/profit	(117)
Other expenses	(58)
Earnings before tax	(175)
Earnings for the year	(175)
Statement of cash flows
Movement in working capital	(25)
Other expenses	(143)
Cash available from operating activities	(168)
Cash retained from operating activities	(168)
Cash flow from investing activities	(80)
Cash flow from financing activities	244
(Increase)/decrease in cash requirements	R (4)
Sasol Canada
Joint operations
Interest in joint operation (as a percent)	50.00%	50.00%
Statement of financial position
External non-current assets	R 1,180
External current assets	288
Intercompany current assets	1
Total assets	1,469
Shareholders' equity	209
Long-term liabilities	1,155
Non-interest-bearing current liabilities	104
Intercompany current liabilities	1
Total equity and liabilities	1,469
Summarised income statement
Turnover	239
Operating (loss)/profit	(2,747)
Other expenses	(13)
Earnings before tax	(2,760)
Earnings for the year	(2,760)
Statement of cash flows
Cash flow from operations	31
Movement in working capital	39
Cash available from operating activities	70
Cash retained from operating activities	70
Cash flow from investing activities	(124)
Cash flow from financing activities	(804)
(Increase)/decrease in cash requirements	R (858)
Natref
Joint operations
Interest in joint operation (as a percent)	64.00%	64.00%
Statement of financial position
External non-current assets	R 3,531
External current assets	292
Intercompany current assets	18
Total assets	3,841
Shareholders' equity	240
Long-term liabilities	2,887
Interest-bearing current liabilities	167
Non-interest-bearing current liabilities	381
Intercompany current liabilities	166
Total equity and liabilities	3,841
Summarised income statement
Turnover	2,061
Operating (loss)/profit	457
Other expenses	(213)
Earnings before tax	244
Taxation	(79)
Earnings for the year	165
Statement of cash flows
Cash flow from operations	887
Movement in working capital	55
Tax paid	2
Other expenses	(209)
Cash available from operating activities	735
Dividends paid	(230)
Cash retained from operating activities	505
Cash flow from investing activities	(609)
Cash flow from financing activities	142
(Increase)/decrease in cash requirements	38
Other Joint Operations
Statement of financial position
External non-current assets	1,685
External current assets	998
Intercompany current assets	72
Total assets	2,755
Shareholders' equity	570
Long-term liabilities	1,479
Interest-bearing current liabilities	302
Non-interest-bearing current liabilities	168
Intercompany current liabilities	236
Total equity and liabilities	2,755
Summarised income statement
Turnover	1,394
Operating (loss)/profit	84
Other expenses	(160)
Earnings before tax	(76)
Taxation	17
Earnings for the year	(59)
Statement of cash flows
Cash flow from operations	419
Movement in working capital	(180)
Tax paid	(26)
Other expenses	(209)
Cash available from operating activities	4
Cash retained from operating activities	4
Cash flow from investing activities	(30)
Cash flow from financing activities	(194)
(Increase)/decrease in cash requirements	R (220)

Interest in significant opera_3

Interest in significant operating subsidiaries (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of subsidiaries
Assets to which significant restrictions apply	R 0
Sasol Mining Holdings (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 9,163	R 9,163
Sasol Technology (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 316	R 316
Sasol Financing Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 422	R 422
Sasol Investment Company (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 65,748	R 62,580
Sasol South Africa Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 32,320	R 28,066
Sasol South Africa Ltd | SSA (Tier 2 and Khanyisa Public)
Disclosure of subsidiaries
Percentage of equity owned	18.40%
Sasol Middle East And India (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 10,092	R 10,092
Sasol Africa (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 8,069	R 8,069
Sasol Oil (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	75.00%	75.00%
Investment at cost	R 672	R 657
Sasol New Energy Holdings (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Investment at cost	R 792	R 932
The Republic Of Mozambique Pipeline Investment Company (Pty) Ltd (Rompco)
Disclosure of subsidiaries
Percentage of equity owned	50.00%	50.00%
Sasol Financing International Limited
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Sasol Germany Gmbh
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Sasol Italy Spa
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Sasol Mining (Pty) Ltd
Disclosure of subsidiaries
Percentage of equity owned	90.00%	90.00%
Sasol Canada Holdings Limited
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Sasol Chemicals (USA) LLC
Disclosure of subsidiaries
Percentage of equity owned	100.00%	100.00%
Sasol Financing USA LLC
Disclosure of subsidiaries
Percentage of equity owned	100.00%

Inventories (Details)

Inventories (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Inventories
Crude oil and other raw materials	R 3,938	R 4,308
Process material	1,890	1,873
Maintenance materials	5,940	5,156
Work in progress	2,578	2,714
Manufactured products	15,087	15,070
Consignment Inventory	213	243
Total inventories	R 29,646	R 29,364

Inventories - Details (Details)

Inventories - Details (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Disclosure of operating segments
Inventories	R 29,646	R 29,364
Inventory write-down	371	234
Inventories held at net realizable value	3,113	1,348
Inventories encumbered	0	4,099
Mining
Disclosure of operating segments
Inventories	1,425	1,661
Exploration And Production International
Disclosure of operating segments
Inventories	163	144
Energy
Disclosure of operating segments
Inventories	7,826	7,680
Base Chemicals
Disclosure of operating segments
Inventories	7,684	7,427
Performance Chemicals
Disclosure of operating segments
Inventories	12,522	12,417
Group Functions
Disclosure of operating segments
Inventories	R 26	R 35

Trade and other receivables (De

Trade and other receivables (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Trade and other receivables
Trade receivables	R 23,237	R 23,742
Other receivables	2,760	3,231
Related party receivables - equity accounted investments	67	102
Trade and other receivables	25,611	26,648
Duties recoverable from customers	467	600
Prepaid expenses	1,425	829
Value added tax	1,075	1,652
Total trade and other current receivables	28,578	29,729
Impairment
Trade and other receivables
Trade receivables		(199)
Trade and other receivables	R (453)	R (427)

Trade and other receivables - C

Trade and other receivables - Credit risk exposure for trade receivables under IAS 39 (Details) R in Millions	Jun. 30, 2019ZAR (R)customer	Jun. 30, 2018ZAR (R)customer	Jun. 30, 2017customer
Credit risk
Trade receivables	R 23,237	R 23,742
Number of customers representing more than ten percent of trade receivables | customer	0	0	0
Collateral held over trade receivables	R 0
Not past due date
Credit risk
Trade receivables		R 21,611
Past due 0-30 days
Credit risk
Trade receivables		1,477
Past due 31-150 days
Credit risk
Trade receivables		257
Past due 151 days - one year
Credit risk
Trade receivables		93
More than one year
Credit risk
Trade receivables		304
Impairment
Credit risk
Trade receivables		(199)
Impairment | Not past due date
Credit risk
Trade receivables		(3)
Impairment | Past due 0-30 days
Credit risk
Trade receivables		(5)
Impairment | Past due 31-150 days
Credit risk
Trade receivables		(18)
Impairment | Past due 151 days - one year
Credit risk
Trade receivables		(44)
Impairment | More than one year
Credit risk
Trade receivables		R (129)

Trade and other receivables - B

Trade and other receivables - Business segmentation (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of operating segments
Trade and other receivables	R 28,578	R 29,729
Mining
Disclosure of operating segments
Trade and other receivables	276	428
Exploration And Production International
Disclosure of operating segments
Trade and other receivables	497	736
Energy
Disclosure of operating segments
Trade and other receivables	10,357	11,487
Base Chemicals
Disclosure of operating segments
Trade and other receivables	7,603	7,022
Performance Chemicals
Disclosure of operating segments
Trade and other receivables	8,071	8,585
Group Functions
Disclosure of operating segments
Trade and other receivables	R 1,774	R 1,471

Trade and other payables (Detai

Trade and other payables (Details) R in Millions	Jun. 30, 2019ZAR (R)Counterparty	Jun. 30, 2018ZAR (R)
Trade and other payables.
Trade payables	R 15,749	R 13,510
Capital project related payables	9,088	9,780
Accrued expenses	3,340	3,062
Related party payables	324	166
third parties	189	33
equity accounted investments	135	133
Trade payables	28,501	26,518
Other payables	6,282	6,188
Duties payable to revenue authorities	4,450	4,267
Value added tax	233	177
Trade and other payables	R 39,466	R 37,150
Number of vendors representing more than ten percent of trade payables | Counterparty	0

Decrease_(increase) in workin_3

Decrease/(increase) in working capital (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Decrease/(increase) in working capital
Increase in inventories	R (829)	R (3,413)	R (3,214)
Decrease/(increase) in trade receivables	37	(2,789)	(346)
Increase in trade payables	3,202	2,441	1,393
Decrease/(increase) in working capital	R 2,410	R (3,761)	R (2,167)

Cash and Cash equivalents (Deta

Cash and Cash equivalents (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Cash and cash equivalents
Cash and cash equivalents	R 15,877	R 17,128
Bank overdraft	(58)	(89)
Total cash and cash equivalents	15,819	17,039	R 29,323	R 52,180
For rehabilitation
Cash and cash equivalents
Cash restricted for use	432	408
Other trusts
Cash and cash equivalents
Cash restricted for use	288	170
In respect of joint operations | Power plant
Cash and cash equivalents
Cash restricted for use	322	542
In respect of joint operations | High-density polyethylene plant
Cash and cash equivalents
Cash restricted for use	35	38
In respect of joint operations | Exploration and other ventures
Cash and cash equivalents
Cash restricted for use	227	389
Other
Cash and cash equivalents
Cash restricted for use	1,176	433
Rand
Cash and cash equivalents
Total cash and cash equivalents	4,179	3,982
Euro
Cash and cash equivalents
Total cash and cash equivalents	2,080	2,855
US Dollar
Cash and cash equivalents
Total cash and cash equivalents	7,992	9,040
Other currencies
Cash and cash equivalents
Total cash and cash equivalents	R 1,568	R 1,162

Cash generated by operating a_3

Cash generated by operating activities (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Cash generated by operating activities
Cash flow from operations	R 48,988	R 46,638	R 46,236
Decrease/(increase) in working capital	2,410	(3,761)	(2,167)
Cash generated by operating activities	R 51,398	R 42,877	R 44,069

Cash flow from operations (Deta

Cash flow from operations (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Cash flow from operations
Earnings before interest and tax	R 9,697	R 17,747	R 31,705
Adjusted for
share of profits of equity accounted investments	(1,074)	(1,443)	(1,071)
equity-settled share-based payment	1,659	3,776	463
Depreciation and amortisation	17,968	16,425	16,204
Effect of remeasurement items	18,645	9,901	1,616
Movement in long-term provisions
income statement charge	430	(596)	228
utilisation	(1,099)	(729)	(969)
Movement in short-term provisions	(3)	25	(215)
Movement in post-retirement benefits	635	(561)	356
Translation effects	(199)	(121)	(11)
Write-down of inventories to net realisable value	371	234	470
Movement in financial assets and liabilities	864	2,415	(3,120)
Movement in other receivables and payables	601	(244)	50
Other non-cash movements	493	(191)	530
Cash flow from operations	R 48,988	R 46,638	R 46,236

Dividends paid (Details)

Dividends paid (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Dividends paid
Final dividend - prior year	R 6,269	R 4,842	R 5,650
Interim dividend - current year	3,683	3,110	2,978
Dividends paid	R 9,952	7,952	8,628
Forecast cash flow on final dividend - current year		R 4,898	R 4,844

Long-term provisions (Details)

Long-term provisions (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Provisions
Balance at beginning of year	R 17,727	R 18,779
Capitalised in property, plant and equipment and assets under construction	1,925	350
Reduction in capitalised rehabilitation provision	(1)	(1,433)
Transfer to held for sale liabilities	(54)
Per the income statement	430	(596)
additional provisions and changes to existing provisions	39	401
reversal of unutilised amounts	(297)	(194)
effect of change in discount rate	688	(803)
Notional interest	857	962
Utilised during year (cash flow)	(1,099)	(729)
Foreign exchange differences recognised in income statement	127	251
Translation of foreign operations	48	143
Balance at end of year	19,960	17,727
Environmental
Provisions
Balance at beginning of year	14,933	15,716
Capitalised in property, plant and equipment and assets under construction	1,925	350
Reduction in capitalised rehabilitation provision	(1)	(1,433)
Transfer to held for sale liabilities	(51)
Per the income statement	1,095	(756)
additional provisions and changes to existing provisions	415	241
reversal of unutilised amounts	(8)	(194)
effect of change in discount rate	688	(803)
Notional interest	849	953
Utilised during year (cash flow)	(159)	(249)
Foreign exchange differences recognised in income statement	109	225
Translation of foreign operations	42	127
Balance at end of year	18,742	14,933
Share-based payments
Provisions
Balance at beginning of year	1,101	885
Per the income statement	(440)	655
additional provisions and changes to existing provisions	(440)	655
Utilised during year (cash flow)	(397)	(437)
Foreign exchange differences recognised in income statement		(1)
Translation of foreign operations		(1)
Balance at end of year	264	1,101
Other
Provisions
Balance at beginning of year	1,693	2,178
Transfer to held for sale liabilities	(3)
Per the income statement	(225)	(495)
additional provisions and changes to existing provisions	64	(495)
reversal of unutilised amounts	(289)
Notional interest	8	9
Utilised during year (cash flow)	(543)	(43)
Foreign exchange differences recognised in income statement	18	27
Translation of foreign operations	6	17
Balance at end of year	R 954	R 1,693

Long-term provisions - Expected

Long-term provisions - Expected timing of future cash flows and Business segmentation (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Provisions
Total provisions	R 19,960	R 17,727	R 18,779
Short-term portion	(2,338)	(2,567)
Long-term provisions	17,622	15,160
Estimated undiscounted obligation	101,100	102,952
Mining
Provisions
Long-term provisions	1,439	1,324
Exploration And Production International
Provisions
Long-term provisions	6,779	5,677
Energy
Provisions
Long-term provisions	3,427	2,909
Base Chemicals
Provisions
Long-term provisions	3,919	3,321
Performance Chemicals
Provisions
Long-term provisions	2,038	1,909
Group Functions
Provisions
Long-term provisions	20	20
Within one year
Provisions
Total provisions	2,338	2,567
One to five years
Provisions
Total provisions	3,291	3,715
More than five years
Provisions
Total provisions	R 14,331	R 11,445

Long-term provisions - Environm

Long-term provisions - Environmental provisions, Risk-free rates and Impact of changes to discount rates (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Provisions
Provisions	R 19,960	R 17,727	R 18,779
Environmental
Provisions
Provisions	18,742	14,933	R 15,716
Investments restricted for mining rehabilitation purposes	667	649
Indemnities for mining rehabilitation purposes	R 2,155	R 2,066
Assumed percentage change in discount rate	1.00%	1.00%
Increase in the discount rate	R (3,351)	R (2,726)
amount capitalised to property, plant and equipment	(1,930)	(1,434)
income recognised in income statement	(1,421)	(1,292)
Decrease in the discount rate	4,540	3,786
amount capitalised to property, plant and equipment	2,622	2,058
expense recognised in income statement	R 1,918	R 1,728
Minimum | Environmental | South Africa
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	6.90%	7.30%
Minimum | Environmental | Europe
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	0.00%	0.00%
Minimum | Environmental | United States of America
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	1.70%	2.60%
Minimum | Environmental | Canada
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	1.70%	2.00%
Maximum | Environmental | South Africa
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	8.70%	9.20%
Maximum | Environmental | Europe
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	0.70%	1.50%
Maximum | Environmental | United States of America
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	2.30%	3.00%
Maximum | Environmental | Canada
Provisions
Risk-free interest rate used to discount estimated cash flows related to provisions	2.20%	2.70%

Short-term provisions (Details)

Short-term provisions (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Short-term provisions
Other provisions	R 552	R 552
Short-term portion of long-term provisions	2,338	2,567
Short-term portion of post-retirement benefit obligations	399	389
Total short-term provisions	R 3,289	R 3,508

Post-retirement benefit oblig_3

Post-retirement benefit obligations (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Disclosure of net defined benefit liability (asset)
Post-retirement assets	R (1,274)	R (1,498)
Current post-retirement obligations	(399)	(389)
Noncurrent post-retirement obligations	12,708	11,900
Healthcare
Disclosure of net defined benefit liability (asset)
Post-retirement obligations	4,093	4,243
Current post-retirement obligations	(198)	(197)
Noncurrent post-retirement obligations	3,895	4,046
Pension
Disclosure of net defined benefit liability (asset)
Post-retirement obligations	9,014	8,046
Post-retirement assets	(1,274)	(1,498)
Net post-retirement obligation (asset) recognized	7,740	6,548
Current post-retirement obligations	(201)	(192)
Noncurrent post-retirement obligations	8,813	7,854
South Africa | Healthcare
Disclosure of net defined benefit liability (asset)
Post-retirement obligations	3,825	3,995
Current post-retirement obligations	(178)	(177)
Noncurrent post-retirement obligations	3,647	3,818
South Africa | Pension
Disclosure of net defined benefit liability (asset)
Post-retirement assets	(555)	(582)
Net post-retirement obligation (asset) recognized	(555)	(582)
United States of America | Healthcare
Disclosure of net defined benefit liability (asset)
Post-retirement obligations	268	248
Current post-retirement obligations	(20)	(20)
Noncurrent post-retirement obligations	248	228
Foreign Countries | Pension
Disclosure of net defined benefit liability (asset)
Post-retirement obligations	9,014	8,046
Post-retirement assets	(719)	(916)
Net post-retirement obligation (asset) recognized	8,295	7,130
Current post-retirement obligations	(201)	(192)
Noncurrent post-retirement obligations	R 8,813	R 7,854

Post-retirement benefit oblig_4

Post-retirement benefit obligations - Actuarial Assumptions (Details) - Y	Jun. 30, 2019	Apr. 01, 2019	Mar. 31, 2019	Apr. 30, 2018	Mar. 31, 2018
South Africa
Post-retirement benefit obligations
Medical cost trend rate - initial			7.50%		7.50%
Medical cost trend rate - ultimate			7.50%		7.50%
Pension increase assumption			4.70%		4.50%
Average salary increases			5.50%		5.50%
South Africa | Pension
Post-retirement benefit obligations
Discount rate			10.00%		9.90%
Weighted average duration of the obligation			13		13
South Africa | Healthcare
Post-retirement benefit obligations
Discount rate			10.50%		9.90%
Weighted average duration of the obligation			15		15
United States of America
Post-retirement benefit obligations
Medical cost trend rate - initial	8.50%			7.00%
Medical cost trend rate - ultimate	4.50%			5.50%
Average salary increases	4.20%			4.20%
United States of America | Pension
Post-retirement benefit obligations
Discount rate	2.70%			2.70%
Weighted average duration of the obligation	13			13
United States of America | Healthcare
Post-retirement benefit obligations
Discount rate	3.60%			3.90%
Weighted average duration of the obligation	9			9
Europe
Post-retirement benefit obligations
Pension increase assumption		1.80%		1.80%
Average salary increases		2.80%		2.80%
Europe | Pension
Post-retirement benefit obligations
Discount rate		1.60%		1.80%
Weighted average duration of the obligation		18		17

Post-retirement benefit oblig_5

Post-retirement benefit obligations - Reconciliation of PBO (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Post-retirement benefit obligations
Current post-retirement obligations	R (399)	R (389)
Noncurrent post-retirement obligations	12,708	11,900
Healthcare
Post-retirement benefit obligations
Post-retirement obligations	4,093	4,243
Current post-retirement obligations	(198)	(197)
Noncurrent post-retirement obligations	3,895	4,046
South Africa | Healthcare
Post-retirement benefit obligations
Post-retirement obligations	3,825	3,995
Current post-retirement obligations	(178)	(177)
Noncurrent post-retirement obligations	3,647	3,818
United States of America | Healthcare
Post-retirement benefit obligations
Post-retirement obligations	268	248
Current post-retirement obligations	(20)	(20)
Noncurrent post-retirement obligations	R 248	R 228

Post-retirement benefit oblig_6

Post-retirement benefit obligations - Reconciliation (Details) - Healthcare - Benefit obligation - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Reconciliation of total post-retirement health care obligation recognized in the statement of financial position
Beginning balance	R 4,243	R 4,163
Movements recognised in the income statement:	485	560
current service cost	66	83
interest cost	420	480
curtailments and settlements	(1)	(3)
Actuarial (gains) losses recognised in other comprehensive income:	(460)	(263)
arising from changes in financial assumptions	(286)	(60)
arising from change in actuarial experience	(174)	(203)
Benefits paid	(181)	(229)
Translation of foreign operations	6	12
Ending balance	4,093	4,243
South Africa
Reconciliation of total post-retirement health care obligation recognized in the statement of financial position
Beginning balance	3,995	3,921
Movements recognised in the income statement:	459	542
current service cost	53	73
interest cost	407	472
curtailments and settlements	(1)	(3)
Actuarial (gains) losses recognised in other comprehensive income:	(468)	(258)
arising from changes in financial assumptions	(293)	(54)
arising from change in actuarial experience	(175)	(204)
Benefits paid	(161)	(210)
Ending balance	3,825	3,995
United States of America
Reconciliation of total post-retirement health care obligation recognized in the statement of financial position
Beginning balance	248	242
Movements recognised in the income statement:	26	18
current service cost	13	10
interest cost	13	8
Actuarial (gains) losses recognised in other comprehensive income:	8	(5)
arising from changes in financial assumptions	7	(6)
arising from change in actuarial experience	1	1
Benefits paid	(20)	(19)
Translation of foreign operations	6	12
Ending balance	R 268	R 248

Post-retirement benefit oblig_7

Post-retirement benefit obligations - Sensitivity Analysis (Details) - Healthcare - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Sensitivity analysis
Cost inflation as premium over CPI	2.00%
South Africa | Healthcare cost inflation
Sensitivity analysis
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R 518	R 582
Increase (decrease) in net obligation due to decrease in actuarial assumption	R (417)	R (475)
South Africa | Discount rate
Sensitivity analysis
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R (417)	R (452)
Increase (decrease) in net obligation due to decrease in actuarial assumption	R 507	R 562
United States of America | Healthcare cost inflation
Sensitivity analysis
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
United States of America | Discount rate
Sensitivity analysis
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R (23)	R (21)
Increase (decrease) in net obligation due to decrease in actuarial assumption	R 28	R 25

Post-retirement benefit oblig_8

Post-retirement benefit obligations - Investments (Details) - Pension - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
South Africa
Pension benefits
Percentage of members electing to transfer to the defined benefit plan	99.00%
Ordinary shares included in the plan assets		1,681,008		1,678,808
Value of ordinary shares included in the plan assets		R 589		R 844
Value of property occupied included in the plan assets		R 1,561		R 1,543
Pension fund assets
Equities	53.00%		53.00%
Resources	6.00%		6.00%
Industrials	2.00%		3.00%
Consumer discretionary	10.00%		12.00%
Consumer staples	11.00%		12.00%
Healthcare	5.00%		3.00%
Information technologies	5.00%		4.00%
Telecommunications	3.00%		1.00%
Financials (ex real estate)	11.00%		12.00%
Fixed interest	13.00%		10.00%
Direct property	15.00%		17.00%
Listed property	4.00%		5.00%
Cash and cash equivalents	4.00%		4.00%
Third party managed assets	11.00%		11.00%
Total	100.00%		100.00%
United States of America
Pension fund assets
Equities	38.00%		32.00%
Resources	7.00%		5.00%
Industrials	4.00%		3.00%
Consumer discretionary	4.00%		4.00%
Consumer staples	3.00%		2.00%
Healthcare	4.00%		3.00%
Information technologies	7.00%		7.00%
Telecommunications	2.00%		2.00%
Financials (ex real estate)	7.00%		6.00%
Fixed interest	49.00%		59.00%
Direct property	5.00%		5.00%
Other	8.00%		4.00%
Total	100.00%		100.00%

Post-retirement benefit oblig_9

Post-retirement benefit obligations - Investments Target Allocation (Details) - Pension R in Millions	Jun. 30, 2019ZAR (R)ageitem
Pension benefits
Number of investment portfolios members can choose from | item	4
Plan assets at fair value - Low risk portfolio	R 139
Plan assets at fair value - Moderate balanced portfolio	52,080
Plan assets at fair value - Aggressive balanced portfolio	791
Plan assets at fair value - Money market portfolio	R 1,034
Minimum
Pension benefits
Age of participant for money market portfolio | age	55
South Africa | Minimum
Pension benefits
Target allocation, equity- local (as a percent)	30.00%
Target allocation, equity- foreign (as a percent)	15.00%
Target allocation, Fixed Interest (as a percent)	5.00%
Target allocation, Property (as a percent)	10.00%
South Africa | Maximum
Pension benefits
Target allocation, equity- local (as a percent)	45.00%
Target allocation, equity- foreign (as a percent)	30.00%
Target allocation, Fixed Interest (as a percent)	25.00%
Target allocation, Property (as a percent)	25.00%
Target allocation, Other (as a percent)	15.00%
United States of America | Maximum
Pension benefits
Target allocation, equity- local (as a percent)	100.00%
Target allocation, equity- foreign (as a percent)	100.00%
Target allocation, Fixed Interest (as a percent)	100.00%
Target allocation, Property (as a percent)	100.00%
Target allocation, Other (as a percent)	100.00%

Post-retirement benefit obli_10

Post-retirement benefit obligations - Reconciliation, projected net pension liability (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of net defined benefit liability (asset)
Increase in asset limitation	R 58	R 1,051	R (105)
Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	7,740	6,548
Benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	63,806	58,305	56,282
Benefit obligation | Unfunded benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	8,868	7,915
Benefit obligation | Funded benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	54,938	50,390
Benefit obligation | Funded benefit obligation | Pension - Defined benefit portion
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	25,247	23,075
Benefit obligation | Funded benefit obligation | Pension - Defined benefit option
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	29,691	27,315
Plan assets | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(58,385)	(54,018)	(50,854)
Plan assets | Pension - Defined benefit portion
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(28,524)	(26,392)
Plan assets | Pension - Defined benefit option
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(29,861)	(27,626)
Asset ceiling | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	2,319	2,261
Increase in asset limitation	58	1,051
South Africa | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(555)	(582)
South Africa | Benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	51,241	47,285	46,508
South Africa | Benefit obligation | Funded benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	51,241	47,285
South Africa | Benefit obligation | Funded benefit obligation | Pension - Defined benefit portion
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	21,550	19,970
South Africa | Benefit obligation | Funded benefit obligation | Pension - Defined benefit option
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	29,691	27,315
South Africa | Plan assets | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(54,115)	(50,128)	(48,340)
South Africa | Plan assets | Pension - Defined benefit portion
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(24,254)	(22,502)
South Africa | Plan assets | Pension - Defined benefit option
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(29,861)	(27,626)
South Africa | Asset ceiling | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	2,319	2,261
Foreign Countries | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	8,295	7,130
Foreign Countries | Benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	12,565	11,020	9,774
Foreign Countries | Benefit obligation | Unfunded benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	8,868	7,915
Foreign Countries | Benefit obligation | Funded benefit obligation | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	3,697	3,105
Foreign Countries | Benefit obligation | Funded benefit obligation | Pension - Defined benefit portion
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	3,697	3,105
Foreign Countries | Plan assets | Pension
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	(4,270)	(3,890)	R (2,514)
Foreign Countries | Plan assets | Pension - Defined benefit portion
Disclosure of net defined benefit liability (asset)
Net post-retirement obligation (asset) recognized	R (4,270)	R (3,890)

Post-retirement benefit obli_11

Post-retirement benefit obligations - Projected net pension liability summary (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Post-retirement benefit obligations
Pension asset	R (1,274)	R (1,498)
Noncurrent post-retirement obligations	12,708	11,900
Short-term portion	399	389
Pension
Post-retirement benefit obligations
Pension asset	(1,274)	(1,498)
Pension benefit obligation	9,014	8,046
Noncurrent post-retirement obligations	8,813	7,854
Short-term portion	201	192
Net post-retirement obligation (asset) recognized	7,740	6,548
South Africa | Pension
Post-retirement benefit obligations
Pension asset	(555)	(582)
Net post-retirement obligation (asset) recognized	(555)	(582)
Foreign Countries | Pension
Post-retirement benefit obligations
Pension asset	(719)	(916)
Pension benefit obligation	9,014	8,046
Noncurrent post-retirement obligations	8,813	7,854
Short-term portion	201	192
Net post-retirement obligation (asset) recognized	R 8,295	R 7,130

Post-retirement benefit obli_12

Post-retirement benefit obligations - Reconciliation PBO, RF Contributions (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Disclosure of net defined benefit liability (asset)
Gain (loss) recognised in other comprehensive income	R (83)	R (1)	R (50)
Pension
Disclosure of net defined benefit liability (asset)
Beginning balance	6,548
Ending balance	7,740	6,548
Reimbursement rights recognised in long-term receivables	217	305
Gain (loss) recognised in other comprehensive income	(83)	(1)
Pension | Benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	58,305	56,282
Movements recognised in the income statement:	6,371	6,274
current service cost	1,496	1,414
curtailments and settlements	(11)
interest cost	4,886	4,860
Actuarial (gains) losses recognised in other comprehensive income:	1,360	(2,488)
arising from changes in demographic assumptions	(7)	20
arising from changes in financial assumptions	1,233	(2,638)
arising from change in actuarial experience	134	130
Member contributions	482	447
Benefits paid	(2,760)	(2,875)
Transferred to held for sale assets		(30)
Translation of foreign operations	48	695
Ending balance	63,806	58,305	56,282
Pension | Benefit obligation | Unfunded benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	7,915
Ending balance	8,868	7,915
Pension | Benefit obligation | Funded benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	50,390
Ending balance	54,938	50,390
Pension | South Africa
Disclosure of net defined benefit liability (asset)
Beginning balance	(582)
Ending balance	(555)	(582)
Pension | South Africa | Benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	47,285	46,508
Movements recognised in the income statement:	5,694	5,678
current service cost	1,042	1,028
curtailments and settlements	3
interest cost	4,649	4,650
Actuarial (gains) losses recognised in other comprehensive income:	262	(2,950)
arising from changes in financial assumptions	174	(2,950)
arising from change in actuarial experience	88
Member contributions	482	447
Benefits paid	(2,482)	(2,398)
Ending balance	51,241	47,285	46,508
Pension | South Africa | Benefit obligation | Funded benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	47,285
Ending balance	51,241	47,285
Pension | Foreign Countries
Disclosure of net defined benefit liability (asset)
Beginning balance	7,130
Ending balance	8,295	7,130
Pension | Foreign Countries | Benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	11,020	9,774
Movements recognised in the income statement:	677	596
current service cost	454	386
curtailments and settlements	(14)
interest cost	237	210
Actuarial (gains) losses recognised in other comprehensive income:	1,098	462
arising from changes in demographic assumptions	(7)	20
arising from changes in financial assumptions	1,059	312
arising from change in actuarial experience	46	130
Benefits paid	(278)	(477)
Transferred to held for sale assets		(30)
Translation of foreign operations	48	695
Ending balance	12,565	11,020	R 9,774
Pension | Foreign Countries | Benefit obligation | Unfunded benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	7,915
Ending balance	8,868	7,915
Pension | Foreign Countries | Benefit obligation | Funded benefit obligation
Disclosure of net defined benefit liability (asset)
Beginning balance	3,105
Ending balance	R 3,697	R 3,105

Post-retirement benefit obli_13

Post-retirement benefit obligations - Reconciliation Plan Assets, RF, Contributions (Details) - Pension R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2019ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Disclosure of net defined benefit liability (asset)
Beginning balance	R (6,548)
Ending balance	(7,740)		R (6,548)
Plan assets
Disclosure of net defined benefit liability (asset)
Beginning balance	54,018		50,854
Movements recognised in the income statement:	4,815		4,774
interest expense (income)	5,040		4,896
interest on asset limitation	(225)		(122)
Actuarial gains (losses) recognised in other comprehensive income:	514		(1,779)
Return on plan assets	514		(1,779)
Member contributions	482		447
Employer contribution	1,062		2,224
Benefits paid	(2,603)		(2,712)
Translation of foreign operations	97		210
Ending balance	58,385		54,018
Actual return on plan assets	5,329		2,995
South Africa
Disclosure of net defined benefit liability (asset)
Beginning balance	582
Ending balance	555		582
South Africa | Funded benefit obligation
Disclosure of net defined benefit liability (asset)
Projected pension contributions for next fiscal year	1,106
South Africa | Plan assets
Disclosure of net defined benefit liability (asset)
Beginning balance	50,128		48,340
Movements recognised in the income statement:	4,702		4,707
interest expense (income)	4,927		4,829
interest on asset limitation	(225)		(122)
Actuarial gains (losses) recognised in other comprehensive income:	229		(1,959)
Return on plan assets	229		(1,959)
Member contributions	482		447
Employer contribution	1,056		991
Benefits paid	(2,482)		(2,398)
Ending balance	54,115		50,128
Actual return on plan assets	4,931		2,748
Foreign Countries
Disclosure of net defined benefit liability (asset)
Beginning balance	(7,130)
Ending balance	(8,295)		(7,130)
Foreign Countries | Funded benefit obligation
Disclosure of net defined benefit liability (asset)
Projected pension contributions for next fiscal year	120
Foreign Countries | Plan assets
Disclosure of net defined benefit liability (asset)
Beginning balance	3,890		2,514
Movements recognised in the income statement:	113		67
interest expense (income)	113		67
Actuarial gains (losses) recognised in other comprehensive income:	285		180
Return on plan assets	285		180
Employer contribution	6		1,233
Benefits paid	(121)		(314)
Translation of foreign operations	97		210
Ending balance	4,270		3,890
Actual return on plan assets	R 398		247
United States of America | Plan assets
Disclosure of net defined benefit liability (asset)
Once-off payment made by the employer to the fund		$ 75	R 963

Post-retirement benefit obli_14

Post-retirement benefit obligations - Sensitivity analysis (Details) - Pension - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
South Africa | Salary increase
Disclosure of sensitivity analysis for actuarial assumptions
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R 12	R 14
Increase (decrease) in net obligation due to decrease in actuarial assumption	R (12)	R (13)
South Africa | Discount rate
Disclosure of sensitivity analysis for actuarial assumptions
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R (1,654)	R (1,447)
Increase (decrease) in net obligation due to decrease in actuarial assumption	R 2,463	R 1,981
South Africa | Pension increase
Disclosure of sensitivity analysis for actuarial assumptions
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R 2,541	R 2,035
Increase (decrease) in net obligation due to decrease in actuarial assumption	R (1,727)	R (1,523)
Foreign Countries | Salary increase
Disclosure of sensitivity analysis for actuarial assumptions
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R 494	R 454
Increase (decrease) in net obligation due to decrease in actuarial assumption	R (430)	R (368)
Foreign Countries | Discount rate
Disclosure of sensitivity analysis for actuarial assumptions
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R (1,806)	R (1,634)
Increase (decrease) in net obligation due to decrease in actuarial assumption	R 2,370	R 2,174
Foreign Countries | Pension increase
Disclosure of sensitivity analysis for actuarial assumptions
Increase in actuarial assumption (as a percent)	1.00%	1.00%
Decrease in actuarial assumption (as a percent)	1.00%	1.00%
Increase (decrease) in net obligation due to increase in actuarial assumption	R 1,142	R 1,071
Increase (decrease) in net obligation due to decrease in actuarial assumption	R (934)	R (851)

Cash-settled share-based paym_3

Cash-settled share-based payment provision - Share-based payment expense movement in long-term provisions (Details) - ZAR (R) R / shares in Units, R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based payment transaction
Expense from cash-settled share-based payment transactions - movements in long-term provisions	R (440)	R 655	R (237)
Decrease in share price	30.00%
Share price (closing)	R 350.21
Share Appreciation Right (SARs)
Share-based payment transaction
Expense from cash-settled share-based payment transactions - movements in long-term provisions	R (440)	655	(342)
SARs with no CPTs
Share-based payment transaction
Expense from cash-settled share-based payment transactions - movements in long-term provisions	(6)	117	(110)
SARs with CPTs
Share-based payment transaction
Expense from cash-settled share-based payment transactions - movements in long-term provisions	R (434)	R 538	(232)
Long-term incentive cash settled
Share-based payment transaction
Expense from cash-settled share-based payment transactions - movements in long-term provisions			R 105

Cash-settled share-based paym_4

Cash-settled share-based payment provision - Sasol Share Appreciation Rights Scheme (Details) - Share Appreciation Right (SARs)	12 Months Ended
	Jun. 30, 2019itemshares	Jun. 30, 2018item
Share-based payment transaction
Number of rights granted in cash settled arrangement | item	4,928,846	7,118,321
Number of shares issued under the plan | shares	0
Number of months in which estate of deceased employee can exercise the rights	12 months
Number of months in which employee can exercise the rights on retrenchment or retirement	12 months
Number of days after publication of the results of price sensitive information in which the employees have to wait to deal with the company's equity securities	2 days

Cash-settled share-based paym_5

Cash-settled share-based payment provision - Per statement of financial position and Total intrinsic value of rights vested, but not yet exercised (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based payment transaction
Per statement of financial position	R 19,960	R 17,727	R 18,779
Share-based payments
Share-based payment transaction
Per statement of financial position	264	1,101	R 885
Share Appreciation Right (SARs)
Share-based payment transaction
Total intrinsic value of rights vested, but not yet exercised	52	1,085
Share Appreciation Right (SARs) | Share-based payments
Share-based payment transaction
Per statement of financial position	264	1,101
SARs with no CPTs
Share-based payment transaction
Total intrinsic value of rights vested, but not yet exercised	2	98
SARs with no CPTs | Share-based payments
Share-based payment transaction
Per statement of financial position	2	98
SARs with CPTs
Share-based payment transaction
Total intrinsic value of rights vested, but not yet exercised	50	987
SARs with CPTs | Share-based payments
Share-based payment transaction
Per statement of financial position	R 262	R 1,003

Cash-settled share-based paym_6

Cash-settled share-based payment provision - Assumptions used to calculate share-based payment expense (Details)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
SARs with no CPTs
Share-based payment transaction
Risk-free interest rate	6.96%
Expected volatility	35.74%	28.61%
Expected dividend yield	4.76%	3.58%
SARs with CPTs
Share-based payment transaction
Expected volatility	35.83%	27.16%
Expected dividend yield	4.99%	3.51%
Expected forfeiture rate		5.00%
Minimum | SARs with no CPTs
Share-based payment transaction
Risk-free interest rate		6.88%
Minimum | SARs with CPTs
Share-based payment transaction
Risk-free interest rate	6.64%	6.88%
Maximum | SARs with no CPTs
Share-based payment transaction
Risk-free interest rate		7.09%
Maximum | SARs with CPTs
Share-based payment transaction
Risk-free interest rate	6.96%	7.63%

Share-based payment reserve - E

Share-based payment reserve - Equity settled - recognised directly in equity (Details) R in Millions	12 Months Ended
	Jun. 30, 2019ZAR (R)item	Jun. 30, 2018ZAR (R)	Jun. 30, 2017ZAR (R)
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity	R 1,659	R 3,776	R 463
Expense from equity-settled share-based payment transactions with employees	R 1,659	910	463
Number of trickle dividends paid | item	1
Sasol Khanyisa share transaction
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity	R 952	2,953
Sasol ordinary BEE (SOLBE1) shares issued
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity		1,104
Khanyisa Public
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity		1,762
Tier 1 - Khanyisa Employee Share Ownership Plan (ESOP)
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity	628	52
Tier 2 - Khanyisa ESOP
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity	324	35
Long Term Incentive Equity Settled
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity	R 707	789	387
Sasol Inzalo share transaction
Share-based payment transaction
Expense from equity-settled share-based payment transactions - recognized directly in equity		R 34	R 76

Share-based payment reserve - T

Share-based payment reserve - The Sasol Khanyisa share transaction (Details)	Jun. 01, 2018
Sasol Khanyisa share transaction
Share-based payment transaction
Transaction term	10 years

Share-based payment reserve - S

Share-based payment reserve - Sasol Khanyisa Employee Share Ownership (Details)	Jun. 01, 2018ZAR (R)	Jun. 30, 2019ZAR (R)item	Jun. 30, 2018ZAR (R)	Jun. 30, 2017ZAR (R)
Share-based payment transaction
Expense from equity-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets		R 1,659,000,000	R 3,776,000,000	R 463,000,000
Tier 1 - Khanyisa Employee Share Ownership Plan (ESOP)
Share-based payment transaction
Cost of rights granted for participants	R 0
Value of rights granted	R 100,000
Service period	3 years
Vesting period	3 years
Expense from equity-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets		R 628,000,000	52,000,000
SSA (Tier 2 and Khanyisa Public)
Share-based payment transaction
Number of groups of participants | item		2
Percentage of dividend utilised for repayment of vendor funding and financial cost		97.50%
Trickle dividends percentage		2.50%
SSA (Tier 2 and Khanyisa Public) | Prime rate
Share-based payment transaction
Percentage of base rate used to calculate financing cost		75.00%
Tier 2 - Khanyisa ESOP
Share-based payment transaction
Service period	10 years
Expense from equity-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets		R 324,000,000	35,000,000
Percentage of transfer of beneficial ownership		9.20%
Khanyisa Public
Share-based payment transaction
Expense from equity-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets			R 1,762,000,000
Percentage of transfer of beneficial ownership		9.20%

Share-based payment reserve - A

Share-based payment reserve - Assumption and Valuation of share based expenses (Details) - ZAR (R)	Jun. 01, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based payment transaction
Equity-settled share-based payment		R 1,659,000,000	R 3,776,000,000	R 463,000,000
Sasol Khanyisa share transaction
Share-based payment transaction
Equity-settled share-based payment		952,000,000	R 2,953,000,000
Risk-free interest rate			8.08%
Expected volatility			28.49%
Sasol Khanyisa share transaction | Minimum
Share-based payment transaction
Expected dividend yield			1.80%
Sasol Khanyisa share transaction | Maximum
Share-based payment transaction
Expected dividend yield			10.10%
Tier 1 - Khanyisa Employee Share Ownership Plan (ESOP)
Share-based payment transaction
Equity-settled share-based payment		R 628,000,000	R 52,000,000
Remaining vesting period		1 year 10 months 24 days
Vesting period	3 years
ESOP - Tier1 to SOL
Share-based payment transaction
Number of SOL shares		2,082,520
Weighted average fair value on grant date		R 481.50
Total IFRS expense		1,003,000,000
Equity-settled share-based payment		R 334,000,000
ESOP - Tier1 to SOLBE1
Share-based payment transaction
Number of SOLBE1 shares		2,396,048
Weighted average fair value on grant date		R 370
Total IFRS expense		887,000,000
Equity-settled share-based payment		294,000,000
SSA (Tier 2 and Khanyisa Public)
Share-based payment transaction
Strike price		R 326.55
Tier 2 - Khanyisa ESOP
Share-based payment transaction
Number of Sasol Khanyisa shares		26,503,642
Weighted average fair value on grant date		R 66.48
Total IFRS expense		1,762,000,000
Equity-settled share-based payment		R 324,000,000	35,000,000
Remaining vesting period		4 years 8 months 12 days
Tier 2 - Khanyisa ESOP | Minimum
Share-based payment transaction
Vesting period	3 years
Tier 2 - Khanyisa ESOP | Maximum
Share-based payment transaction
Vesting period	10 years
Khanyisa Public
Share-based payment transaction
Number of Sasol Khanyisa shares		26,503,642
Weighted average fair value on grant date		R 66.48
Total IFRS expense		R 1,762,000,000
Equity-settled share-based payment			R 1,762,000,000

Share-based payment reserve -_2

Share-based payment reserve - Sasol Long-term Incentive Scheme (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2009	Jun. 30, 2019ZAR (R)Yitemshares	Jun. 30, 2018ZAR (R)itemshares	Jun. 30, 2017shares
Share-based payment transaction
Number of shares authorised | shares		1,314,407,571	1,314,407,571	1,175,000,000
Long Term Incentive Equity Settled
Share-based payment transaction
Number of days from termination to settle valuation of share-based payment expense	40 days
Number of share options at the beginning of the year | item		6,796,488	6,198,589
Number of share options, LTIs granted | item		2,089,674	2,626,268
Number of share options, LTIs vested | item		(1,600,899)	(1,868,963)
Number of share options, Effect of CPTs and LTIs forfeited | item		(665,666)	(159,406)
Number of share options at the end of the year | item		6,619,597	6,796,488
Weighted average fair value at the beginning of the year		R 348.19	R 337.80
Weighted average fair value of LTIs granted		555.86	376.73
Weighted average fair value of LTIs vested		308.27	347.93
Weighted average fair value of Effect of CPTs and LTIs forfeited lapsed		360.19	349.95
Weighted average fair value at the end of the year		R 422.20	348.19
Remaining contractual vesting period of options outstanding | Y		1.40
Exercise price of outstanding share options		R 0
Average weighted market price of LTIs vested (after conversion to equity-settled)		R 507.50	R 396.02
Average fair value of options granted
Expected volatility		26.17%	24.73%
Expected dividend yield		3.43%	3.65%
Expected forfeiture rate		5.00%	5.00%
Long Term Incentive Equity Settled | Maximum
Share-based payment transaction
Number of shares authorised | shares		32,500,000
Percentage of share capital authorised to be issued under scheme		5.00%
Group management
Share-based payment transaction
Percentage of stock vesting period		50.00%
Group management | Minimum
Share-based payment transaction
Vesting period of partial awards		3 years
Average fair value of options granted
Vesting period		3 years	3 years
Group management | Maximum
Share-based payment transaction
Vesting period of partial awards		5 years
Average fair value of options granted
Vesting period		5 years	5 years
All other participants
Average fair value of options granted
Vesting period		3 years	3 years
Rand | Long Term Incentive Equity Settled | Minimum
Average fair value of options granted
Risk-free interest rate		6.90%	6.98%
Rand | Long Term Incentive Equity Settled | Maximum
Average fair value of options granted
Risk-free interest rate		7.87%	7.34%
US Dollar | Long Term Incentive Equity Settled | Minimum
Average fair value of options granted
Risk-free interest rate		0.91%	1.01%
US Dollar | Long Term Incentive Equity Settled | Maximum
Average fair value of options granted
Risk-free interest rate		1.56%	1.47%

Share-based payment reserve -_3

Share-based payment reserve - The Sasol Inzalo share transaction (Details) - ZAR (R) R / shares in Units, R in Billions	Jun. 27, 2018	Jun. 04, 2018	Sep. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based payment transaction
Repurchase and cancellation of shares				16,085,199	43,503,454
Treasury shares (in shares)				13,969,621
Sasol Inzalo share transaction
Share-based payment transaction
Repurchase and cancellation of shares	9,461,882	25,231,686	16,085,199
Share repurchase price	R 47,503	R 0.01	R 542.11
Final distribution declared			R 1.4
The Sasol Foundation
Share-based payment transaction
Treasury shares (in shares)				9,461,882

Contingent liabilities (Details

Contingent liabilities (Details) R in Millions	1 Months Ended
	Oct. 31, 2013customer	Jun. 30, 2019ZAR (R)plaintiff	Mar. 11, 2019ZAR (R)	Jun. 30, 2018ZAR (R)	Dec. 31, 2016item	May 31, 2015ZAR (R)	Apr. 02, 2015ZAR (R)plaintiffclaim
Legal Proceedings Claimed Compensation For Lung Diseases
Contingent Liabilities
Number of plaintiffs | plaintiff							22
Number of plaintiffs that are current employees | plaintiff							1
Number of plaintiffs that are former employees | plaintiff							21
Number of cases | claim							22
Damages sought, without interest		R 67.2					R 82.5
Number of plaintiffs that passed away | plaintiff		2
Legal proceedings provision		R 0
Fluor SA (Pty) Ltd (FTWEP)
Contingent Liabilities
Damages sought, without interest		383.8	R 448			R 485.7
Number of objections against statement of claim | item					2
Alternative assessment of estimated financial effect of contingent liabilities		406.6
Legal proceedings provision		0
Legal review of Sasol Gas National Energy Regulator of South Africa (NERSA) maximum price decision and NERSA gas transmission tariff application
Contingent Liabilities
Number of customers that requested review application | customer	7
Legal proceedings provision		R 0
Nhlapo and 941 others versus Sasol Mining (Pty) Ltd
Contingent Liabilities
Number of plaintiffs other than main plaintiff | plaintiff		941
Legal proceedings provision		R 0
Environmental Contingent Liability
Contingent Liabilities
Environmental obligation accrued		18,742		R 14,933
Costs of remediation of soil and groundwater contamination and similar environmental costs		R 4,924

Leases and other commitments -

Leases and other commitments - Operating leases (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Property, plant and equipment
Commitments under leases
Minimum future lease payments	R 24,081	R 23,275
Property, plant and equipment | Within one year
Commitments under leases
Minimum future lease payments	2,276	2,068
Property, plant and equipment | One to five years
Commitments under leases
Minimum future lease payments	6,089	5,863
Property, plant and equipment | More than five years
Commitments under leases
Minimum future lease payments	R 15,716	R 15,344
Corporate office building
Commitments under leases
Lease contract term (in years)	20 years
Lease renewal term (in years)	5 years
Rail cars
Commitments under leases
Lease renewal term (in years)	6 years
Rail cars | Minimum
Commitments under leases
Lease contract term (in years)	12 years
Rail cars | Maximum
Commitments under leases
Lease contract term (in years)	18 years

Leases and other commitments _2

Leases and other commitments - Finance leases (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Commitments under leases
Less amounts representing finance charges	R (17,710)	R (17,108)
Total minimum future lease payments	7,770	7,624
Within one year
Commitments under leases
Finance lease payments	1,207	1,171
One to five years
Commitments under leases
Finance lease payments	4,135	3,975
More than five years
Commitments under leases
Finance lease payments	R 20,138	R 19,586

Leases and other commitments _3

Leases and other commitments - Other commitments (Details) - Water Supply Agreement - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Other commitments
Commitment	R 2,302	R 2,816
Agreement term (in years)	20 years
Within one year
Other commitments
Commitment	R 173	171
One to five years
Other commitments
Commitment	713	847
More than five years
Other commitments
Commitment	R 1,416	R 1,798

Related party transactions - Ma

Related party transactions - Material transactions (Details) R in Millions	12 Months Ended
	Jun. 30, 2019ZAR (R)item	Jun. 30, 2018ZAR (R)	Jun. 30, 2017ZAR (R)
Disclosure of transactions between related parties
Impairment of outstanding balances	R 0
Purchases by subsidiaries from related parties	R 813	R 759	R 737
Number of related parties other than joint ventures and associates, with whom material transactions took place | item	0
Joint ventures
Disclosure of transactions between related parties
Sales and services rendered from subsidiaries to related parties	R 1,474	965	1,088
Purchases by subsidiaries from related parties	718	671	617
Associates
Disclosure of transactions between related parties
Purchases by subsidiaries from related parties	R 95	R 88	R 120

Related party transactions - Ke

Related party transactions - Key management remuneration (Details) R in Thousands	12 Months Ended
	Jun. 30, 2019ZAR (R)person	Jun. 30, 2018ZAR (R)person	Jun. 30, 2017ZAR (R)person
Executive Directors
Disclosure of transactions between related parties
Salary	R 32,194
Retirement funding	4,540
Other benefits	10,214
Total short-term benefits	46,948	R 66,808	R 77,333
Long-term incentive rights vested	25,025
Long-term incentives and share appreciation rights	25,025	20,515	24,970
Share-based payment	32,000
Prescribed Officers
Disclosure of transactions between related parties
Salary	49,335
Retirement funding	6,373
Other benefits	11,780
Total short-term benefits	67,488	89,007	70,949
Long-term incentive rights vested	19,628
Share appreciation rights	48,931
Long-term incentives and share appreciation rights	R 68,559	R 44,962	R 23,807
Number of members | person	8	8	7
Share-based payment	R 20,000
Non-executive Directors
Disclosure of transactions between related parties
Board meeting fees	24,498
Lead Director fees	387
Committee fees	7,372
Ad hoc Special Board Committee Meeting	198
Total non-executive Director remuneration	R 32,455	R 27,823	R 23,079

Subsequent events (Details)

Subsequent events (Details) - plaintiff	Sep. 30, 2019	Jul. 26, 2019	Sep. 19, 2019
Base Chemicals - Investment in Sasol Huntsman GmbH & co KG
Disclosure of non-adjusting events after reporting period
Percentage of equity interest sold		50.00%
Base Chemicals - Investment in Sasol Huntsman GmbH & co KG | Assets as held for sale
Disclosure of non-adjusting events after reporting period
Percentage of equity interest sold	50.00%
Nhlapo and 941 others versus Sasol Mining (Pty) Ltd | Litigation
Disclosure of non-adjusting events after reporting period
Number of plaintiffs			942

Financial risk management and_3

Financial risk management and financial instruments - Summary of Financial Instruments (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Listed long-term debt
Financial risk management and financial instruments
Financial liabilities - fair value	R 49,421	R 13,345
Listed long-term debt | Liabilities, Amortised cost
Financial risk management and financial instruments
Financial liabilities - carrying value	46,060	13,704
Unlisted long-term debt
Financial risk management and financial instruments
Financial liabilities - fair value	91,777	95,984
Unlisted long-term debt | Liabilities, Amortised cost
Financial risk management and financial instruments
Financial liabilities - carrying value	91,279	95,750
Short-term debt and bank overdraft
Financial risk management and financial instruments
Financial liabilities - fair value	1,297	2,035
Short-term debt and bank overdraft | Liabilities, Amortised cost
Financial risk management and financial instruments
Financial liabilities - carrying value	1,297	2,035
Derivative liabilities and guarantees (Long- and short-term financial liabilities)
Financial risk management and financial instruments
Financial liabilities - fair value	2,205	2,059
Derivative liabilities and guarantees (Long- and short-term financial liabilities) | Liabilities, At fair value through profit and loss
Financial risk management and financial instruments
Financial liabilities - carrying value	2,205	2,059
Trade and other payables
Financial risk management and financial instruments
Financial liabilities - fair value	28,501	26,518
Trade and other payables | Liabilities, Amortised cost
Financial risk management and financial instruments
Financial liabilities - carrying value	28,501	26,518
Investments in listed securities
Financial risk management and financial instruments
Financial assets - fair value	830	682
Investments in listed securities | Assets, Designated at fair value through other comprehensive income
Financial risk management and financial instruments
Financial assets - carrying value	830
Investments in listed securities | Assets, Available-for-sale
Financial risk management and financial instruments
Financial assets - carrying value		682
Investments in unlisted securities
Financial risk management and financial instruments
Financial assets - fair value	393	244
Investments in unlisted securities | Assets, Designated at fair value through other comprehensive income
Financial risk management and financial instruments
Financial assets - carrying value	393
Investments in unlisted securities | Assets, Available-for-sale
Financial risk management and financial instruments
Financial assets - carrying value		244
Other long-term investments
Financial risk management and financial instruments
Financial assets - fair value	25	25
Other long-term investments | Assets, Amortised cost
Financial risk management and financial instruments
Financial assets - carrying value	25
Other long-term investments | Assets, Held-to-maturity
Financial risk management and financial instruments
Financial assets - carrying value		25
Long-term receivables
Financial risk management and financial instruments
Financial assets - fair value	5,582	3,824
Long-term receivables | Assets, Amortised cost
Financial risk management and financial instruments
Financial assets - carrying value	5,582	3,824
Derivative assets (Long and short-term financial assets)
Financial risk management and financial instruments
Financial assets - fair value	645	1,827
Derivative assets (Long and short-term financial assets) | Assets, At fair value through profit and loss
Financial risk management and financial instruments
Financial assets - carrying value	645	1,827
Trade and other receivables
Financial risk management and financial instruments
Financial assets - fair value	25,611	26,648
Trade and other receivables | Assets, Amortised cost
Financial risk management and financial instruments
Financial assets - carrying value	25,611	26,648
Cash and cash equivalents
Financial risk management and financial instruments
Financial assets - fair value	15,877	17,128
Cash and cash equivalents | Assets, Amortised cost
Financial risk management and financial instruments
Financial assets - carrying value	R 15,877	R 17,128

Financial risk management and_4

Financial risk management and financial instruments - Capital Allocation (Details)	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Capital allocation
Targeted gearing ratio, temporary maximum until 2021	60.00%
Gearing ratio	56.30%	42.20%	26.40%
Minimum
Capital allocation
Targeted gearing ratio	20.00%
Maximum
Capital allocation
Targeted gearing ratio	40.00%

Financial risk management and_5

Financial risk management and financial instruments - Financing Risk (Details)	12 Months Ended
	Jun. 30, 2019
Financial risk management and financial instruments
Target minimum average time to maturity for long-term borrowings	2 years

Financial risk management and_6

Financial risk management and financial instruments - Credit Risk (Details) - customer	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Credit risk
Loss given default for secured financial assets	35.00%
Loss given default for unsecured financial assets	45.00%
Number of customers representing more than ten percent of turnover	0	0	0
Number of customers representing more than ten percent of trade receivables	0	0	0
Minimum
Credit risk
Contractual payment terms for receivables	30 days
Maximum
Credit risk
Contractual payment terms for receivables	120 days
South Africa
Credit risk
Percentage of total turnover	50.00%	49.00%	48.00%
Europe
Credit risk
Percentage of total turnover	22.00%	24.00%	22.00%
United States of America
Credit risk
Percentage of total turnover	14.00%	13.00%	13.00%

Financial risk management and_7

Financial risk management and financial instruments - Expected credit losses (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
AAA to A-
Detail on expected credit losses recognised
Percentage of financial assets at amortised cost	85.00%
BBB to B-
Detail on expected credit losses recognised
Percentage of financial assets at amortised cost	8.00%
CCC+ and below
Detail on expected credit losses recognised
Percentage of financial assets at amortised cost	7.00%
Impairment
Detail on expected credit losses recognised
Additional impairments	R 199
Receivables | Impairment
Detail on expected credit losses recognised
Financial assets	664	R 465
Receivables | Lifetime | Impairment
Detail on expected credit losses recognised
Financial assets	640
Receivables | 12-months | Impairment
Detail on expected credit losses recognised
Financial assets	24
Long-term receivables | Impairment
Detail on expected credit losses recognised
Financial assets	211	38
Long-term receivables | Lifetime | Impairment
Detail on expected credit losses recognised
Financial assets	211
Trade receivable | Impairment
Detail on expected credit losses recognised
Financial assets	225	199
Trade receivable | Lifetime | Impairment
Detail on expected credit losses recognised
Financial assets	225
Other receivables | Impairment
Detail on expected credit losses recognised
Financial assets	228	R 228
Other receivables | Lifetime | Impairment
Detail on expected credit losses recognised
Financial assets	204
Other receivables | 12-months | Impairment
Detail on expected credit losses recognised
Financial assets	R 24

Financial risk management and_8

Financial risk management and financial instruments - Contractual Cash Flows (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Financial risk management and financial instruments
Contractual cash flows, financial assets	R 48,629	R 49,487
Contractual cash flows, non-derivative liabilities	(214,569)	(169,386)
Contractual cash flows, financial liabilities	(218,743)	(172,425)
Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	42,464	45,430
Contractual cash flows, non-derivative liabilities	(39,356)	(46,704)
Contractual cash flows, financial liabilities	(42,255)	(49,743)
One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	4,779	1,611
Contractual cash flows, non-derivative liabilities	(138,453)	(86,415)
Contractual cash flows, financial liabilities	(139,482)	(86,415)
More than five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	1,386	2,446
Contractual cash flows, non-derivative liabilities	(36,760)	(36,267)
Contractual cash flows, financial liabilities	(37,006)	(36,267)
Long-term debt
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(183,445)	(139,294)
Long-term debt | Within one year
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(8,232)	(16,612)
Long-term debt | One to five years
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(138,453)	(86,415)
Long-term debt | More than five years
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(36,760)	(36,267)
Bonds, revolving credit facility and term loan | One to five years
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(131,000)
Short-term debt
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(1,239)	(1,946)
Short-term debt | Within one year
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(1,239)	(1,946)
Trade and other payables
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(28,501)	(26,518)
Trade and other payables | Within one year
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(28,501)	(26,518)
Bank overdraft
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(58)	(89)
Bank overdraft | Within one year
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(58)	(89)
Financial guarantees
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(1,326)	(1,539)
Financial guarantees | Within one year
Financial risk management and financial instruments
Contractual cash flows, non-derivative liabilities	(1,326)	(1,539)
Foreign exchange contracts
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(2,190)	(1,217)
Foreign exchange contracts | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(2,190)	(1,217)
Interest rate swaps
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(1,488)
Interest rate swaps | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(213)
Interest rate swaps | One to five years
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(1,029)
Interest rate swaps | More than five years
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(246)
Coal swaps
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities		(414)
Coal swaps | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities		(414)
Zero-cost collar
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(3)	(1,317)
Zero-cost collar | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(3)	(1,317)
Ethane swaps
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(456)
Ethane swaps | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(456)
Crude oil futures
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(27)	(91)
Crude oil futures | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(27)	(91)
Other commodity derivatives
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(10)
Other commodity derivatives | Within one year
Financial risk management and financial instruments
Contractual cash flows, derivative liabilities	(10)
Non-derivative instruments
Financial risk management and financial instruments
Contractual cash flows, financial assets	45,838	46,533
Non-derivative instruments | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	39,688	42,722
Non-derivative instruments | One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	4,771	1,611
Non-derivative instruments | More than five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	1,379	2,200
Long-term receivables
Financial risk management and financial instruments
Contractual cash flows, financial assets	5,582	3,786
Long-term receivables | One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	4,203	1,586
Long-term receivables | More than five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	1,379	2,200
Trade and other receivables
Financial risk management and financial instruments
Contractual cash flows, financial assets	25,611	26,648
Trade and other receivables | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	25,611	26,648
Cash and cash equivalents (excluding restricted cash)
Financial risk management and financial instruments
Contractual cash flows, financial assets	13,397	15,148
Cash and cash equivalents (excluding restricted cash) | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	13,397	15,148
Investments in financial assets | Assets, Available-for-sale
Financial risk management and financial instruments
Contractual cash flows, financial assets		926
Investments in financial assets | Assets, Available-for-sale | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets		926
Investments in financial assets | Assets, Held-to-maturity
Financial risk management and financial instruments
Contractual cash flows, financial assets		25
Investments in financial assets | Assets, Held-to-maturity | One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets		25
Investments in financial assets | Assets, Designated at fair value through other comprehensive income
Financial risk management and financial instruments
Contractual cash flows, financial assets	1,223
Investments in financial assets | Assets, Designated at fair value through other comprehensive income | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	680
Investments in financial assets | Assets, Designated at fair value through other comprehensive income | One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	543
Other long-term investments
Financial risk management and financial instruments
Contractual cash flows, financial assets	25
Other long-term investments | One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	25
Foreign exchange contracts
Financial risk management and financial instruments
Contractual cash flows, financial assets	2,161	1,214
Foreign exchange contracts | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	2,161	1,214
Interest rate swaps
Financial risk management and financial instruments
Contractual cash flows, financial assets	15	246
Interest rate swaps | One to five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	8
Interest rate swaps | More than five years
Financial risk management and financial instruments
Contractual cash flows, financial assets	7	246
Zero-cost collar
Financial risk management and financial instruments
Contractual cash flows, financial assets	582	979
Zero-cost collar | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	582	979
Crude oil options
Financial risk management and financial instruments
Contractual cash flows, financial assets		482
Crude oil options | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets		482
Ethane swaps
Financial risk management and financial instruments
Contractual cash flows, financial assets	2	33
Ethane swaps | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	2	R 33
Other commodity derivatives
Financial risk management and financial instruments
Contractual cash flows, financial assets	31
Other commodity derivatives | Within one year
Financial risk management and financial instruments
Contractual cash flows, financial assets	R 31

Financial risk management and_9

Financial risk management and financial instruments - Foreign Currency Risk (Details) € in Millions, R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018EUR (€)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Zero-cost collar
Financial risk management and financial instruments
Period of foreign currency exposure hedged	12 months
Notional amount	$ 4,000			$ 4,000
Zero-cost collar | Maximum
Financial risk management and financial instruments
Maturity period of derivatives	1 year
Foreign exchange contracts
Financial risk management and financial instruments
Notional amount	$ 146			226
Foreign exchange contracts | Cash flow hedge | Rand
Financial risk management and financial instruments
Notional amount | R		R 0			R 33
Foreign exchange contracts | Cash flow hedge | US Dollar
Financial risk management and financial instruments
Notional amount				$ 0
Foreign exchange contracts | Cash flow hedge | Euro
Financial risk management and financial instruments
Notional amount | €			€ 2.1

Financial risk management an_10

Financial risk management and financial instruments - Significant Exchange Rates (Details)	12 Months Ended
	Jun. 30, 2019R / $	Jun. 30, 2019R / $R / €	Jun. 30, 2018R / $	Jun. 30, 2018R / $R / €	Jun. 30, 2019R / €	Jun. 30, 2018R / €
Financial risk management and financial instruments
Average rate	14.20	16.19	12.85	15.34
Closing rate	14.08	14.08	13.73	13.73	16.01	16.04

Financial risk management an_11

Financial risk management and financial instruments - Currency Exposure (Details) - Foreign currency risk - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Financial risk management and financial instruments
Percentage of change in significant exposure used for sensitivity analysis	10.00%	10.00%
Euro
Financial risk management and financial instruments
Net exposure	R 542	R 171
Equity impact of decrease in risk exposure	54	17
Income statement impact of decrease in risk exposure	54	17
US Dollar
Financial risk management and financial instruments
Net exposure	(21,429)	10,614
Equity impact of decrease in risk exposure	(2,143)	1,053
Income statement impact of decrease in risk exposure	(2,143)	1,053
External balances | Euro
Financial risk management and financial instruments
Net exposure on assets	1,985	2,843
Net exposure on liabilities	(308)	(281)
Net exposure	1,677	2,562
External balances | US Dollar
Financial risk management and financial instruments
Net exposure on assets	3,631	3,952
Net exposure on liabilities	(2,928)	(2,922)
Net exposure	703	1,030
Balances between group companies | Euro
Financial risk management and financial instruments
Net exposure	(1,135)	(2,391)
Balances between group companies | US Dollar
Financial risk management and financial instruments
Net exposure	(22,132)	9,584
Long-term debt | External balances | Euro
Financial risk management and financial instruments
Net exposure on liabilities	(122)	(153)
Long-term debt | External balances | US Dollar
Financial risk management and financial instruments
Net exposure on liabilities	(1,851)	(1,651)
Short-term debt | External balances | US Dollar
Financial risk management and financial instruments
Net exposure on liabilities		(23)
Trade and other payables | External balances | Euro
Financial risk management and financial instruments
Net exposure on liabilities	(186)	(128)
Trade and other payables | External balances | US Dollar
Financial risk management and financial instruments
Net exposure on liabilities	(1,077)	(1,248)
Trade and other receivables | External balances | Euro
Financial risk management and financial instruments
Net exposure on assets	515	586
Trade and other receivables | External balances | US Dollar
Financial risk management and financial instruments
Net exposure on assets	2,375	2,500
Cash and cash equivalents | External balances | Euro
Financial risk management and financial instruments
Net exposure on assets	1,470	2,257
Cash and cash equivalents | External balances | US Dollar
Financial risk management and financial instruments
Net exposure on assets	R 1,256	R 1,452

Financial risk management an_12

Financial risk management and financial instruments - Interest Rate Risk (Details) R in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Dec. 31, 2015USD ($)
Financial risk management and financial instruments
Variable rate as a percentage of total financial assets	99.00%	99.00%	99.00%	99.00%
Fixed rate as a percentage of total financial assets	1.00%	1.00%	1.00%	1.00%
Variable rate as a percentage of total financial liabilities	40.00%	40.00%	54.00%	54.00%
Fixed rate as a percentage of total financial liabilities	60.00%	60.00%	46.00%	46.00%
Variable
Financial risk management and financial instruments
Financial assets		R 16,663		R 18,657
Financial liabilities		(54,542)		(58,908)
Net financial instruments		(37,879)		(40,251)
Fixed
Financial risk management and financial instruments
Financial assets		197		97
Financial liabilities		(83,151)		(51,144)
Net financial instruments		(82,954)		(51,047)
Interest rate swaps
Financial risk management and financial instruments
Financial assets		15		291
Financial liabilities		R (1,488)		R (45)
Interest rate swaps | Cash flow hedge
Financial risk management and financial instruments
Contract/Notional amount | $	$ 1,950		$ 2,000		$ 1,950

Financial risk management an_13

Financial risk management and financial instruments - Variable Rate Sensitivity (Details) - Interest rate risk - Variable - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Financial risk management and financial instruments
Percentage of increase in risk variable used for sensitivity analysis	1.00%	1.00%
Percentage of decrease in risk variable used for sensitivity analysis	1.00%	1.00%
South Africa
Financial risk management and financial instruments
Income statement impact of increase in risk variable	R 27	R (66)
Income statement impact of decrease in risk variable	(27)	66
Europe
Financial risk management and financial instruments
Income statement impact of increase in risk variable	15	6
Income statement impact of decrease in risk variable	R (15)	(6)
Minimum reasonably possible repo interest rate	0.00%
United States of America
Financial risk management and financial instruments
Income statement impact of increase in risk variable	R (433)	(362)
Income statement impact of decrease in risk variable	R 433	362
Minimum reasonably possible repo interest rate	0.00%
Other
Financial risk management and financial instruments
Income statement impact of increase in risk variable	R 12	18
Income statement impact of decrease in risk variable	R (12)	R (18)

Financial risk management an_14

Financial risk management and financial instruments - Interest Rate Swap (Details) - ZAR (R) R in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Financial risk management and financial instruments
Fair value loss recognised in other comprehensive income	[1]	R (287)	R 1,233	R 1,821
Recognised in profit and loss		(2,465)	(3,876)	649
Loss recognised in other comprehensive income		1,400	286	302
Gain on reclassification from cash flow hedge reserve to profit and loss		1,115
Interest rate swaps
Financial risk management and financial instruments
Recognised in profit and loss		R (1,475)	52	R 14
Interest rate swaps | Mozambique
Financial risk management and financial instruments
Average fixed rate		2.80%
Recognised in profit and loss		R 10
Interest rate swaps | Cash flow hedge | North America
Financial risk management and financial instruments
Average fixed rate		2.78%
Fair value loss recognised in other comprehensive income		R (285)	(950)
Recognised in profit and loss		(1,485)	R 52
Loss recognised in other comprehensive income		1,400
Gain on reclassification from cash flow hedge reserve to profit and loss		R 1,115
[1]	These amounts include the loss of R1 400 million (2018 - R286 million; 2017 - R302 million) on the revaluation of the cash flow hedge pertaining to the interest rate swap and a gain of R1 115 million relating to the reclassification of the swap to profit and loss on termination of the hedge relationship.

Financial risk management an_15

Financial risk management and financial instruments - Commodity Price Risk (Details) R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)$ / bbl	Jun. 30, 2018USD ($)$ / bbl	Jun. 30, 2019ZAR (R)	Jun. 30, 2018ZAR (R)
Crude oil futures
Financial risk management and financial instruments
Contract/Notional amount	$ 92	$ 194	R 1,521	R 2,792
Fair value			(27)	(91)
Other commodity derivatives
Financial risk management and financial instruments
Contract/Notional amount			254
Fair value			21
Maximum
Financial risk management and financial instruments
Dated Brent Crude price | $ / bbl	86.16	80.29
Average
Financial risk management and financial instruments
Dated Brent Crude price | $ / bbl	68.63	63.62
Minimum
Financial risk management and financial instruments
Dated Brent Crude price | $ / bbl	50.21	46.53
Within one year | Crude oil futures
Financial risk management and financial instruments
Fair value			(27)	R (91)
Within one year | Other commodity derivatives
Financial risk management and financial instruments
Fair value			R 21

Financial risk management an_16

Financial risk management and financial instruments - Commodity Price Sensitivity (Details) - Commodity price risk - crude oil - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Financial risk management and financial instruments
Percentage of change in significant exposure used for sensitivity analysis	10.00%	10.00%
Income statement impact of increase in risk variable	R (193)	R (153)

Financial risk management an_17

Financial risk management and financial instruments - Income Statement Impact (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	R (2,465)	R (3,876)	R 649
Foreign exchange contracts
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	(794)	121	(1,107)
Crude oil options
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	(498)	(3,303)	(237)
Zero-cost collar
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	323	936	1,608
Crude oil futures
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	265	(687)	277
Coal swaps
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	91	(1,024)	94
Ethane swaps
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	(462)	29
Interest rate swaps
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	(1,475)	R 52	R 14
Other forex derivative
Financial risk management and financial instruments
Net (loss)/gain on derivative instruments	R 85

Financial risk management an_18

Financial risk management and financial instruments - Statement of Financial Position Impact (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Jun. 30, 2018
Derivatives and financial guarantees
Financial risk management and financial instruments
Financial liabilities	R (2,205)	R (2,059)
Derivatives
Financial risk management and financial instruments
Financial assets	645	1,827
Financial liabilities	(2,028)	(1,912)
Foreign exchange contracts
Financial risk management and financial instruments
Financial assets	15	42
Financial liabilities	(44)	(45)
Coal swaps
Financial risk management and financial instruments
Financial liabilities		(414)
Crude oil futures
Financial risk management and financial instruments
Financial liabilities	(27)	(91)
Zero-cost collar
Financial risk management and financial instruments
Financial assets	582	979
Financial liabilities	(3)	(1,317)
Crude oil options
Financial risk management and financial instruments
Financial assets		482
Interest rate swaps
Financial risk management and financial instruments
Financial assets	15	291
Financial liabilities	(1,488)	(45)
Ethane swaps
Financial risk management and financial instruments
Financial assets	2	33
Financial liabilities	(456)
Other commodity derivatives
Financial risk management and financial instruments
Financial assets	31
Financial liabilities	(10)
Financial guarantees
Financial risk management and financial instruments
Financial liabilities	R (177)	R (147)

Financial risk management an_19

Financial risk management and financial instruments - Derivatives Designated in Hedge Relationships (Details) - Interest rate swaps R in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Dec. 31, 2015USD ($)
Financial risk management and financial instruments
Fair value of liabilities		R (1,473)
Cash flow hedge
Financial risk management and financial instruments
Contract/Notional amount | $	$ 1,950		$ 2,000		$ 1,950
Fair value of assets				R 246

Financial risk management an_20

Financial risk management and financial instruments - Derivatives Held for Trading (Details) R in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Foreign exchange contracts and crude oil futures
Financial risk management and financial instruments
Fair value of assets		R 15		R 42
Fair value of liabilities		(71)		(136)
Foreign exchange contracts
Financial risk management and financial instruments
Fair value of assets		15		42
Fair value of liabilities		(44)		(45)
Contract/Notional amount | $	$ 146		$ 226
Crude oil futures
Financial risk management and financial instruments
Fair value of liabilities		(27)		(91)
Contract/Notional amount	$ 92	R 1,521	$ 194	R 2,792

Financial risk management an_21

Financial risk management and financial instruments - Derivatives Entered (Details) R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2019ZAR (R)MTMMBbls	Jun. 30, 2018USD ($)MT$ / T$ / gal$ / bblR / $MMBbls	Jun. 30, 2018ZAR (R)MTMMBbls	Jun. 30, 2019USD ($)$ / galR / $MMBbls	Jun. 30, 2019ZAR (R)$ / galR / $MMBbls	Jun. 30, 2018ZAR (R)MT$ / T$ / gal$ / bblR / $MMBbls
Crude oil options
Financial risk management and financial instruments
Premium paid | $		$ 207
Number of barrels | MMBbls	48	98	98
Number of barrels - open positions | MMBbls		48				48
Number of barrels - settled | MMBbls	48	50	50
Average Brent crude oil price floor, net of costs (in USD per barrel) | $ / bbl		53.36				53.36
Realised (losses)/gains recognised in the income statement	R (1,857)		R (1,605)
Unrealised (losses)/gains recognised in the income statement	1,359		(1,698)
Amount included in the statement of financial position						R 482
Zero-cost collar
Financial risk management and financial instruments
Contract/Notional amount | $		$ 4,000		$ 4,000
Annual average floor (in Rand per USD) | R / $		13.14		13.84	13.84	13.14
Annual average cap (in Rand per USD) | R / $		15.14		16.63	16.63	15.14
Realised (losses)/gains recognised in the income statement	(610)		2,772
Unrealised (losses)/gains recognised in the income statement	R 933		R (1,836)
Amount included in the statement of financial position					R 579	R (338)
Coal swaps
Financial risk management and financial instruments
Number of tons hedged | MT	1.40	4.20	4.20
Number of tons - open positions | MT		1.40				1.40
Number of tons - settled | MT	1.40	2.80	2.80
Average swap price | $ / T		81.82				81.82
Realised (losses)/gains recognised in the income statement	R (337)		R (618)
Unrealised (losses)/gains recognised in the income statement	R 428		R (406)
Amount included in the statement of financial position						R (414)
Ethane swaps
Financial risk management and financial instruments
Number of barrels | MMBbls	16	5.80	5.80
Number of barrels - open positions | MMBbls		3.50		12.50	12.50	3.50
Number of barrels - settled | MMBbls	3.50	2.30	2.30
Average swap price | $ / gal		0.27		0.28	0.28	0.27
Realised (losses)/gains recognised in the income statement	R 29		R (1)
Unrealised (losses)/gains recognised in the income statement	R (491)		R 30
Amount included in the statement of financial position					R (454)	R 33

Financial risk management an_22

Financial risk management and financial instruments - Significant Derivatives Sensitivity Analysis (Details) R in Millions	12 Months Ended
	Jun. 30, 2019ZAR (R)$ / galR / $	Jun. 30, 2018ZAR (R)$ / bblR / $
Ethane swaps | Volatility
Financial risk management and financial instruments
Increase in significant input variable (as a percent)	2.00%
Decrease in significant input variable (as a percent)	(2.00%)
Impact on fair value from increase in significant input variable	R 90
Impact on fair value from decrease in significant input variable	R (82)
Ethane swaps | Commodity price
Financial risk management and financial instruments
Increase in price or rate assumption | $ / gal	0.02
Decrease in price or rate assumption | $ / gal	(0.02)
Impact on fair value from increase in significant input variable	R 146
Impact on fair value from decrease in significant input variable	R (146)
Crude oil options | Volatility
Financial risk management and financial instruments
Increase in significant input variable (as a percent)		2.00%
Decrease in significant input variable (as a percent)		(2.00%)
Impact on fair value from increase in significant input variable		R 88
Impact on fair value from decrease in significant input variable		R (80)
Crude oil options | Commodity price
Financial risk management and financial instruments
Increase in price or rate assumption | $ / bbl		2
Decrease in price or rate assumption | $ / bbl		(2)
Impact on fair value from increase in significant input variable		R (68)
Impact on fair value from decrease in significant input variable		R 81
Zero-cost collar | Volatility
Financial risk management and financial instruments
Increase in significant input variable (as a percent)	2.00%	2.00%
Decrease in significant input variable (as a percent)	(2.00%)	(2.00%)
Impact on fair value from increase in significant input variable	R 115	R 27
Impact on fair value from decrease in significant input variable	R (125)	R (22)
Zero-cost collar | USD/ZAR spot price
Financial risk management and financial instruments
Decrease in price or rate assumption | R / $	(1)	(1)
Impact on fair value from decrease in significant input variable	R 2,495	R 2,731
Minimum weakening of exchange rate for fair value impact | R / $	2.55
Gain (loss) for derivatives settled at spot price between cap and floor	R 0
Derivative cap | R / $	16.63
Interest rate swaps | USD Libor curve
Financial risk management and financial instruments
Increase in significant input variable (as a percent)	0.50%	0.50%
Decrease in significant input variable (as a percent)	(0.50%)	(0.50%)
Impact on fair value from increase in significant input variable	R 754	R 866
Impact on fair value from decrease in significant input variable	R (748)	R (865)

Financial risk management an_23

Financial risk management and financial instruments - Fair Value (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Financial risk management and financial instruments
Transfers from Level 1 to Level 2, assets	R 0
Transfers from Level 2 to Level 1, assets	0
Transfers into Level 3, assets	0
Transfers out of Level 3, assets	0
Transfers from Level 1 to Level 2, liabilities	0
Transfers from Level 2 to Level 1, liabilities	0
Transfers into Level 3, liabilities	0
Transfers out of Level 3, liabilities	0
Listed long-term debt
Financial risk management and financial instruments
Financial liabilities - fair value	49,421	R 13,345
Listed long-term debt | Level 1
Financial risk management and financial instruments
Financial liabilities - fair value	49,421
Unlisted long-term debt
Financial risk management and financial instruments
Financial liabilities - fair value	91,777	95,984
Unlisted long-term debt | Level 3
Financial risk management and financial instruments
Financial liabilities - fair value	91,777
Short-term debt and bank overdraft
Financial risk management and financial instruments
Financial liabilities - fair value	1,297	2,035
Short-term debt and bank overdraft | Level 3
Financial risk management and financial instruments
Financial liabilities - fair value	1,297
Derivative liabilities and guarantees (Long- and short-term financial liabilities)
Financial risk management and financial instruments
Financial liabilities - fair value	2,205	2,059
Derivative liabilities and guarantees (Long- and short-term financial liabilities) | Level 2
Financial risk management and financial instruments
Financial liabilities - fair value	2,205
Trade and other payables
Financial risk management and financial instruments
Financial liabilities - fair value	28,501	26,518
Trade and other payables | Level 3
Financial risk management and financial instruments
Financial liabilities - fair value	28,501
Investments in listed securities
Financial risk management and financial instruments
Financial assets - fair value	830	682
Investments in listed securities | Level 1
Financial risk management and financial instruments
Financial assets - fair value	830
Investments in unlisted securities
Financial risk management and financial instruments
Financial assets - fair value	393	244
Investments in unlisted securities | Level 3
Financial risk management and financial instruments
Financial assets - fair value	393
Other long-term investments
Financial risk management and financial instruments
Financial assets - fair value	25	25
Other long-term investments | Level 3
Financial risk management and financial instruments
Financial assets - fair value	25
Long-term receivables
Financial risk management and financial instruments
Financial assets - fair value	5,582	3,824
Long-term receivables | Level 3
Financial risk management and financial instruments
Financial assets - fair value	5,582
Derivative assets (Long and short-term financial assets)
Financial risk management and financial instruments
Financial assets - fair value	645	1,827
Derivative assets (Long and short-term financial assets) | Level 2
Financial risk management and financial instruments
Financial assets - fair value	645
Trade and other receivables
Financial risk management and financial instruments
Financial assets - fair value	25,611	26,648
Trade and other receivables | Level 3
Financial risk management and financial instruments
Financial assets - fair value	25,611
Cash and cash equivalents
Financial risk management and financial instruments
Financial assets - fair value	15,877	R 17,128
Cash and cash equivalents | Level 1
Financial risk management and financial instruments
Financial assets - fair value	R 15,877