Mayoral Bursaries Application - Lephalale Municipality,mainly by coal mining processing and electricity generation. Suitably qualified students are hereby invited to apply for Mayoral Bursary Fund Bursaries will. Application Form. Untitled - Anglo American,2. You might be eligible to apply for an Exxaro bursary.
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Table of Contents. Commission file number: Sasol Limited Exact name of registrant as Specified in its Charter. Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report:.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. Check one :. Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:.
If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. We present our financial information in rand, which is our reporting currency.
These rand amounts do not represent actual US dollar amounts, nor could they necessarily have been converted into US dollars at the rates indicated. Any reference to a calendar year is prefaced by the word "calendar".
In addition, in line with a South African convention under the auspices of the South African Bureau of Standards SABS , the information presented herein is displayed using the decimal comma e. Similarly, a hard space is used to distinguish thousands in numeric figures e. Stock Exchange, the securities exchange of our primary listing. Our discussion of business segment results follows the basis used by the President and Chief Executive Officer the company's chief operating decision maker for segmental financial decisions, resource allocation and performance assessment, which forms the accounting basis for segmental reporting, that is disclosed to the investing and reporting public.
These statements may relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies.
Examples of such forward-looking statements include, but are not limited to:. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour" and "project" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward- looking statements will not be achieved.
If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated in such forward-looking statements. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements.
These factors include among others, and without limitation:. The foregoing list of important factors is not exhaustive; when making investment decisions, you should carefully consider the foregoing factors and other uncertainties and events, and you should not place undue reliance on forward-looking statements.
Forward-looking statements apply only as of the date on which they are made and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. We are a public company incorporated under the company law of South Africa. Most of our directors and officers reside outside the United States, principally in South Africa. You may not be able, therefore, to effect service of process within the United States upon those directors and officers with respect to matters arising under the federal securities laws of the United States.
In addition, most of our assets and the assets of most of our directors and officers are located outside the United States. As a result, you may not be able to enforce against us or our directors and officers judgements obtained in United States courts predicated on the civil liability provisions of the federal securities laws of the United States. There are additional factors to be considered under South African law in respect of the enforceability, in South Africa in original actions or in actions for enforcement of judgements of US courts of liabilities predicated on the US federal securities laws.
These additional factors include, but are not necessarily limited to:. Based on the foregoing, there is no certainty as to the enforceability in South Africa in original actions or in actions for enforcement of judgments of US courts of liabilities predicated on the US federal securities laws. PART I. ITEM 1. Not applicable. ITEM 2. ITEM 3.
The audited consolidated financial statements from which the selected consolidated financial data set forth below have been derived were prepared in accordance with IFRS. The final dividend was declared subsequent to the reporting date and is presented for information purposes only. No provision for this final dividend has been recognised.
Exchange rate information. The average exchange rate for each month is calculated using the average of the daily exchange rates during the period. Fluctuations in refining margins and crude oil, natural gas and petroleum product prices may adversely affect our business, operating results, cash flows and financial condition. Market prices for crude oil, natural gas and petroleum products fluctuate as they are subject to local and international supply and demand fundamentals and factors over which we have no control.
Worldwide supply conditions and the price levels of crude oil may be significantly influenced by international cartels, which control the production of a significant proportion of the worldwide supply of crude oil, and by political developments, especially in the Middle East, North Africa and Nigeria.
As a result, our turnover will be impacted by factors that may be different than if fuel were sold at prices based only on market factors. Likewise, if the crude oil price decreases, the price at which we sell fuel could decrease even if there is greater demand in South Africa. The impact of using the BFP to establish prices could have a negative impact on our operating results.
The price and availability of substitute fuels, changes in product inventory, product specifications and other factors will also impact our revenue. In recent years, prices for petroleum products have fluctuated widely.
A substantial proportion of our turnover is derived from sales of petroleum and petrochemical products. We are also exposed to changes in absolute levels of international petroleum product prices through our synthetic fuels and oil operations. Prices of petrochemical products and natural gas are also affected by fluctuations in crude oil prices. We use derivative instruments to partially protect us against day-to-day fluctuations in US dollar oil prices as well as in the rand to US dollar exchange rate which affects the acquisition cost of our crude oil needs.
While the use of these instruments may provide some protection against short-term fluctuations in crude oil prices, it does not protect us against longer term fluctuations in crude oil prices or differing trends between crude oil and petroleum product prices.
Prolonged periods of low crude oil and natural gas prices, or rising costs, could also result in projects being delayed or cancelled, as well as in the impairment of certain assets. We are unable to accurately forecast fluctuations in refining margins and crude oil, natural gas and petroleum products prices. Fluctuations in any of these may have a material adverse effect on our business, operating results, cash flows and financial condition. Fluctuations in exchange rates may adversely affect our business, operating results, cash flows and financial condition.
The rand is the principal functional currency of our operations and we report our results in rand. However, a large part of our group's turnover is denominated in US dollars and some part in euro, derived either from exports from South Africa or from our manufacturing and distribution operations outside South Africa.
A significant part of our capital expenditure is also US dollar-denominated, as it is directed to investments outside South Africa or constitutes materials, engineering and construction costs imported into South Africa.
The majority of our operating costs are either rand based for South African operations, US dollar based for our operations in the United States or euro based for European operations. Fluctuations in the exchange rates of the rand against the US dollar and euro as well as other currencies also impact the comparability of our financial statements between periods due to the effects of translating the functional currency of our foreign subsidiaries into rand at different exchange rates.
Accordingly, some of the changes in the reported operating results are attributable to fluctuations in exchange rates and do not necessarily reflect the underlying operating results. This compares to an average exchange rate of R10,39 during which fluctuated between a high of R11,32 and a low of R9, The rand exchange rate is affected by various international and South African economic and political factors.
In general, a weakening of the rand would have a positive effect on our operating results. Conversely strengthening of the rand would have an adverse effect on our operating results. Although the exchange rate of the rand is primarily market-determined, its value at any time may not be an accurate reflection of its underlying value, due to the potential effect of, among other factors, exchange controls.
We use derivative instruments to partially protect us against adverse movements in exchange rates in accordance with our group hedging policies. Cyclicality in petrochemical product prices and demand may adversely affect our business, operating results, cash flows and financial condition. The demand for chemicals and especially products such as solvents, olefins, surfactants, fertilisers and polymers is cyclical.
Typically, higher demand during peaks in the industry business cycles leads producers to increase their production capacity. Although peaks in the business cycle have been characterised by increased selling prices and higher operating margins in the past, such peaks have led to overcapacity with supply exceeding demand growth.
Low periods during the industry business cycle are characterised by a decrease in selling prices and excess capacity, which can depress operating margins. Lower prices for chemical products during downturns in the industry business cycle may have a material adverse effect on our business, operating results, cash flows and financial condition. We are unable to accurately forecast fluctuations in petroleum product prices, which may have a material adverse effect on our business, operating results, cash flows and financial condition.
We may not be able to exploit technological advances quickly and successfully or competitors may develop superior technologies. Most of our operations, including the gasification of coal and the manufacture of synfuels and petrochemical products, are highly dependent on the use of advanced technologies. The development, commercialisation and integration of the appropriate advanced technologies can affect, among other things, the competitiveness of our products, the continuity of our operations, our feedstock requirements and the capacity and efficiency of our production.
It is possible that new technologies or novel processes may emerge and that existing technologies may be further developed in the fields in which we operate.
Unexpected advances in employed technologies or the development of novel processes can affect our operations and product ranges in that they could render the technologies we utilise or the products we produce obsolete or less competitive in the future. Difficulties in accessing new technologies may impede us from implementing them and competitive pressures may force us to implement these new technologies at a substantial cost.
Examples of new technologies which may in the future affect our business include the following:. We cannot predict the effect of these or other technological changes or the development of new processes on our business or on our ability to provide competitive products.
Our ability to compete will depend on our timely and cost-effective implementation of new technological advances.
It will also depend on our success in commercialising these advances irrespective of competition we face. In addition to the technological challenges, a number of our expansion projects are integrated across a number of Sasol businesses. Delays with the development of an integrated project might, accordingly, have an impact on more than one Sasol business. If we are unable to implement new technologies in a timely or cost-efficient manner, or penetrate new markets in a timely manner in response to changing market conditions or customer requirements, we could experience a material adverse effect on our business, operating results, cash flows and financial condition.
Our large capital projects may not prove sufficiently viable or as profitable as planned and may be affected by delays or cost overruns. During the financial year, we made the final investment decision on the Lake Charles Chemical Project LCCP an ethane cracker and chemical derivatives plant and started detailed engineering and infrastructure work. A further update on the investment strategy and monetisation plan will be provided once approval has been received from the relevant authorities in Mozambique.
The development of these projects is a capital-intensive process carried out over long durations and requires us to commit significant capital expenditure and devote considerable management resources in utilising our existing experience and know-how. In assessing the viability of our projects, we make a number of assumptions relating to specific variables, mainly including, but not limited to:.
Such projects are subject to risks of delay and cost overruns inherent in any large construction project, including costs or delays resulting from the following:. Significant variations in any one or more of the above factors or any other relevant factor, may adversely affect the profitability or even the viability of our investments.
lephalela mining bursaries
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Bursaries, Scholarships & Internships – April 2015
Email address:. Sasol has established a reputation in the market as an employer of choice. The Sasol Bursary Scheme boasts an all-inclusive package recognised in South Africa for being highly competitive. The scheme aims to attract exceptional young talent to the organisation.
Youth Development: South African Student Bursaries