CHANGES TO SASOL LIMITED BOARD OF DIRECTORS

Rhea-AI Summary

Sasol (NYSE:SSL) announced the appointment of Rhidwaan Gasant as an independent non-executive director effective 1 February 2026. Mr Gasant meets independence requirements under South African and US rules and brings over three decades of financial, governance and energy-sector experience.

His background includes roles as a Chartered Accountant, senior audit manager at KPMG, financial director of Engen, CEO of Energy Africa, recent service as Lead Independent Director of AngloGold Ashanti and Audit Committee Chair of MTN Nigeria, and current chairmanship of Growthpoint Properties. The board chair said his expertise will strengthen board oversight and strategic guidance.

News Market Reaction – SSL

+0.16% 1.5x vol

45 alerts

+0.16% News Effect

+11.7% Peak in 6 hr 43 min

+$8M Valuation Impact

$4.76B Market Cap

1.5x Rel. Volume

On the day this news was published, SSL gained 0.16%, reflecting a mild positive market reaction. Argus tracked a peak move of +11.7% during that session. Our momentum scanner triggered 45 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $8M to the company's valuation, bringing the market cap to $4.76B at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

JOHANNESBURG, Jan. 21, 2026 /PRNewswire/ -- In compliance with para 3.59 of the JSE Listings Requirements and para 6.39 of the JSE Debt and Specialist Securities Listings Requirements, Sasol is pleased to announce the appointment of Mr Rhidwaan Gasant as independent non-executive director with effect from 1 February 2026. Mr Gasant satisfies the independence requirements for directors under applicable requirements in South Africa and the United States.

Mr Gasant is a Chartered Accountant and served as a senior audit manager at KPMG before joining Mobil Oil Southern Africa. He was the former Financial Director of Engen Limited and Chief Executive Officer of Energy Africa Limited. Mr Gasant has extensive board-level experience, including recently serving as Lead Independent Director of AngloGold Ashanti plc and Audit Committee Chairman of MTN Nigeria Communications plc. He is currently the Chairman of Growthpoint Properties Limited. He has been involved in various corporate actions in South Africa and internationally, and brings over three decades of financial, governance and corporate experience to the Sasol Board.

The Chairman of the Sasol Board, Ms Muriel Dube, said, "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".

For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Telephone: +27-(0)-71-673-1929
investor.relations@sasol.com

View original content:https://www.prnewswire.com/news-releases/changes-to-sasol-limited-board-of-directors-302666858.html

SOURCE Sasol Limited

FAQ

Who is Rhidwaan Gasant and when does he join Sasol (SSL)?

Rhidwaan Gasant is a Chartered Accountant and former audit and energy executive who will join Sasol as an independent non-executive director effective 1 February 2026.

Does Rhidwaan Gasant meet director independence rules for Sasol (SSL)?

Yes; the appointment note states Mr Gasant satisfies independence requirements under applicable South African and US rules.

What experience does the new Sasol (SSL) director bring to the board?

He brings over three decades of financial, governance and energy-sector experience, including senior roles at KPMG, Engen, Energy Africa, AngloGold Ashanti, MTN Nigeria, and Growthpoint Properties.

Will Rhidwaan Gasant hold an executive role at Sasol (SSL)?

No; he is appointed as an independent non-executive director, not as an executive officer.

How might the appointment of Rhidwaan Gasant affect Sasol shareholders (SSL)?

The company said the appointment is intended to strengthen board oversight and strategic guidance, which may support governance and long-term shareholder interests.