#Johannesburg #South Africa #Corporate Governance #Sasol Limited #Rhidwaan Gasant

Sasol Limited Welcomes New Board Member

In a significant move to strengthen its governance structure, Sasol Limited has officially announced the appointment of Mr. Rhidwaan Gasant as an independent non-executive director beginning February 1, 2026. This decision comes in compliance with the JSE Listings Requirements, which emphasizes the importance of board independence in corporate governance.

Mr. Gasant is not only a Certified Chartered Accountant but also brings a wealth of experience from his previous roles. He has held the position of senior audit manager at KPMG, subsequently joining Mobil Oil Southern Africa. His impressive career trajectory includes serving as the Financial Director at Engen Limited and as Chief Executive Officer of Energy Africa Limited. With over 30 years of financial and corporate governance experience, he has also held notable positions such as the Lead Independent Director of AngloGold Ashanti plc and Chairman of Growthpoint Properties Limited.

The Chairman of Sasol Board, Ms. Muriel Dube, expressed enthusiasm for Mr. Gasant’s appointment. She stated, "We are pleased to welcome Rhidwaan to the Sasol Board. His extensive financial, governance, and energy sector experience will further strengthen the Board's oversight and strategic guidance as Sasol continues to deliver on its commitments to shareholders and other stakeholders." This sentiment reflects the board's confidence in Mr. Gasant’s ability to contribute effectively to Sasol's strategic objectives.

Sasol has been actively involved in various corporate actions, both locally and internationally, and Mr. Gasant’s appointment is seen as a strategic decision aligned with the company’s mission to achieve long-term sustainable growth. His broad expertise in financial leadership and governance will undoubtedly enhance the board's focus on delivering value to its shareholders amidst the evolving energy landscape.

In the context of current energy challenges and market dynamics, having experienced leaders like Mr. Gasant on the board is crucial. His participation is expected to guide Sasol through the complexities of the energy sector, ensuring compliance and fostering innovation. Furthermore, Mr. Gasant meets the strict independence criteria set forth in South African and U.S. regulations, ensuring that the board retains an objective perspective in its decision-making processes.

The announcement has been met with positive reactions from investors and stakeholders, who are keenly aware of the importance of strong leadership in fostering corporate success. Sasol’s ongoing commitment to enhancing its governance framework is indicative of its strategic focus and dedication to operational excellence.

As the energy sector continues to evolve with increasing demands for sustainability and stakeholder engagement, Sasol’s decision to appoint Mr. Gasant positions it well for future challenges and opportunities. His expertise in corporate finance and governance will prove essential as the company navigates the intricacies of the market.

In conclusion, Mr. Rhidwaan Gasant's appointment as an independent non-executive director marks a pivotal moment for Sasol Limited. His extensive background in the energy sector and corporate governance is expected to bolster the board's oversight capabilities, ensuring that Sasol remains at the forefront of the industry while delivering value to its shareholders. Stakeholders look forward to witnessing the positive impact of this appointment on the company’s strategic direction and performance.