Managerial Accounting Assignment: PWC Value Framework For Sasol

Question

Task:
Managerial Accounting Assignment Task: Evaluation of analysis and reporting (individual assignment)

1. The big idea: identify and discuss the ‘good, the bad and the ugly’ of the quality of a company’s reported performance information.

   In this assignment you will critically interrogate the nature and quality of a company’s performance reporting on the key elements of an organisation’s INTERNAL CONTEXT (organisational health and organisational performance) – the things that drive and shape sustainable value creation – as outlined in the PWC Value Framework (below). You do not interrogate the EXTERNAL CONTEXT in this assignment.

   The objective is for you to learn from measurement and reporting practice while developing and applying technical, analytical, problem solving and communication skills.

2. The PWC Value Framework
3. The assignment report
   From your allocated company’s reporting: for each of the 17 elements in the PWC Value Framework concerning organisational health (the elements in the strategy and resources & relationships dimensions) and concerning organisational performance (the elements on the performance dimension); and for the additional concept of ‘materiality’:

   Identify one example of how that element is ‘measured’ (qualitatively or quantitatively) and reported. Note: if the report does not contain anything about a particular element or materiality, state that fact and briefly explain why the missing information might be relevant to decision makers like investors or creditors.

   Insert that example into your assignment report (using a function like snipping tool on a PC or shift-command-4 on a MAC)

   Critique the quality of that piece of performance information as something that can inform your decision making about the company’s current performance and future prospects – i.e. how well does the content of the example tell the aspects of story in terms of:

   • comprehensiveness (what is in it – how comprehensive/complete is the content? are any connectivity’s between the element and others particular element explicitly noted? can you identify things/aspects that should be added or deleted?); and
   • accessibility (how easy is the information to find in the report and how well is it formatted for understanding? - can you identify ways in which accessibility could be improved?
   • come to an overall conclusion as to whether the quality of performance information for that element in the Value Framework is good, bad or ugly (‘ugly’ being missing entirely)

Be very clear – you ARE commenting the quality of the performance information provided; you are NOT commenting on whether the company performed well in terms of ‘good news versus bad news’. You are evaluating ONE company, the ‘comparison’ company in the list below is for your information only.

Answer

1.0 Executive summary
The application of the PWC value framework explored in the managerial accounting assignment supports decision making regarding any organization's future prospects and current performance. Moreover, the framework also provides a view that the external, as well as internal decision making in companies, need a more connected and complete set of information for promoting sustainable value creation.

The present study involves the explanation and assessment of the quality as well as the nature of performance in Sasol and the way in which it reports to the organizational performance and organizational health on the basis of the PWC value framework. Sasol, the South African organization greatly concentrates on the improvement of the public health, detection of hazards, protection of life, and protection of the environment.

For the development of the analysis, the 2019 annual report of Sasol was evaluated for the identification of the way in which the different elements of several frameworks used in the report were measured both qualitatively and quantitatively. Moreover, the analysis of the annual report has been also done to recognize the extent to which the disclosure of the company was accessible in the annual report. The level of comprehensiveness was also judged.

The findings of the study depict that the disclosure within the annual report was consistent with the PWC value Framework and its breadth and depth were also in principle. In the following areas of disclosure, a heightened performance has been identified:

Strategic elements:

• Governance
• Strategy
• Risk
• Business model

Performance elements

• Segmental element
• Economic element

The present research findings also include a superior revelation of different strategic components relating to the Resource & Relationship and Performance framework elements.

From the content page of the annual report, different elements such as processes and supply chain, Brands and Intellectual assets, and the elements of financial assets were accessible easily.

Conclusion of the study includes:

Integrated Reporting Framework (PWC)
The study has identified from the reporting of Sasol's 2019 performance that the level of comprehensiveness and disclosure maintains consistency with the elements of organizational performance and health within the PWC framework. Based on the framework, consistency can help the readers in developing a greater level of comprehension while evaluating the performance of Sasol.

The study has also identified that different elements are also associated with the overall strategy of the organization. This interrelationship indicates that there are dependencies between different categories.

Accessibility
Within the annual report, most of the elements within the 17 PwC frameworks were highly accessible. These elements have been displayed graphically as well as qualitatively in different occasions.

Comprehensiveness
The company Sasol is needed to focus on reforming on the following areas in order to develop an increased understanding and greater insight for the readers:

• Trend Analysis
• Comparative statement
• Long term strategic goals
• Sustainability development
• Diversity and integrity

Limitation
Some major limitation of the present study includes the following aspects:

• Research information is not described properly
• Lack of Intellectual property related information
• Customer information is not properly provided
• More risk analysis performance is needed to be developed

2.0 PWC Value Framework Elements
2.1 Value Framework Elements of PWC: Strategy and Objectives
Extract of the Report
The creation of Superior values for the customers, shareholders, and other stakeholders is the key purpose of the management of Sasol Limited. The top-level management has a strong focus on the advancement of chemical and energy solutions for developing the performance of society. In terms of values, it can be stated that the company commits for developing the health of human beings and providing safety to society (Sasol | Global integrated chemicals and energy company, 2019). The most important matter to the company is to focus on the legal requirements for ensuring the standard of the performance.

Report Critique

• Long term strategic goals of the company (Both Financial and Non-Financial)
• Sustainable development

Comprehensiveness
Based on the strategic review of the chief executive officer, it has been identified that the company has a strong focus on the internal and external audit process. Furthermore, core areas of strategic development of Sasol Limited are

• Development of financial reporting and accounting policies
• Developing quality and integrity of the integrated reporting
• Ensuring compliance procedures with legal and regulatory requirements
• Enhancing internal control and risk management
• Measurement and review of the effectiveness of financial and non financial performance of the company

The company has provided the details of key performance indicators const efficiency for supporting continuous improvement and growth in the production volumes. Return on investment is the important KPI of the company for the year 2019 for measuring the growth of production. KPI report has considered following elements

• KPI’s definition: A brief overview and definition has been provided regarding KPI
• KPI areas: Key Performance areas are properly discussed in the annual reports
• Return on Investment: The ROI has been considered as an important KPI for the current year
• Details of Remuneration: Remuneration in detail of various top-level management employees is given in the report.

Accessibility
Corporate Strategy and objectives are easily accessible in the annual report of Sasol Ltd. and strategy related information has given in page number 27 of the annual report. Furthermore, it is also identified that remuneration policy has been provided on this page. Strategic priorities are mentioned on page number 28 of the annual report of Sasol Limited. Furthermore, audit-related matters are mentioned in page number 19 of the annual report. The information has been provided in the report based on the integrated framework and these are easily understandable to the stakeholders.

Conclusion and Strength
The company has focused on key performance areas in the year 2019 and long term strategic development is the key strength of the company.

2.2 Element of Value Framework: Model of Business
Extract

(Annual Integrated Report | Sasol,2019, p.5)

Critique of the Report

• Proper explanation of core areas of business development to create value to the stakeholders

Comprehensiveness
The above-mentioned business regulation model has been mentioned in page number 5 of the annual report 2019. It reveals different areas that are focused by the management during 2019. Furthermore, different approaches that are reflecting the business model are considered in the financial reports. For instance, the use if IFRS 9 approach has been mentioned clearly in the report and its effect on the financial performance has been clearly described. The importance of financial investments of the entity with a proper judgement has been provided in the report.

Accessibility
Business model-related information has been described accurately throughput the report and the IFRS 9 related information has been provided on page number 162 of the report. Furthermore, the key focus has been described in image format and it has provided an overview regarding the business development process of Sasol Limited for the year 2019. Four key parts of the business model are easily accessible and understandable to the users of financial information.

Conclusion and Strength
The key business focus has been mentioned transparently in the financial report and governance policy is the core strength of the company.

2.3. Value Framework Element: Governance Procedure
Report Extract

(Annual Integrated Report | Sasol, 2019, p.5)

Critique Report

• Evaluating the regulations and overall performance of Sasol Ltd.
• Consideration of Group Performance

Comprehensiveness
Based on the governance report analysis, it has been identified that the effectiveness of the governance committee has been strictly focused by the CEO. It has helped to identify the planning and implementation of the planning process. The governance report states that the company has considered a capital project during the year 2019. The report analysis of 2018 reveals that Sasol Group has focused on value maximization to the shareholders and it has enhanced the quality of performance of the company. Furthermore, the management has adopted a policy of quick delivery of projects from the year 2018.

Accessibility
The above-mentioned model has been clearly mentioned on page number 5 of the annual report of Sasol Group and hence information is easily accessible to the users. Furthermore, governance-related information has been provided in the image format from which stakeholders can identify effective information easily.

Conclusion and Strength
Based on the above discussion, it is clear that the corporate entity follows transparency in governance activities and it has enhanced the quality of financial reporting of the company. The key strength of governance is the company considers internal audit function successfully.

2.4. Value Framework: Risk Management Framework
Extract from the Report

(Annual Integrated Report | Sasol, 2019, p.29)

Critique

• Risk evaluation has been made in terms of remuneration and different material risks

Comprehensiveness
The comprehensiveness has been identified in the remuneration policy publication of the company. This is because the entity has faced an issue regarding the risk of remuneration. It could not satisfy all employees of the top-level management of the company. The governance board has reviewed the policy and it has been changed in the year 2019. Hence, the remuneration related conflict has been reduced to some extent in 2019 compared to 2018. However, it is identified from the report that the remuneration policy is transparent to different stakeholders. Hence, the issue has been identified in the case of the top-level employee only. The earnings management has been made by the organization based on STI and LTI plans. It has helped to mitigate overall business risk as far as possible to the company.

Accessibility and Extensiveness
The overall analysis of risk management it is identified that risk management areas can be easily identified from the financial report as information has been described clearly and the image has been mentioned in the page number 29 of the financial report 2019 of Sasol Group. Hence, in terms of accessibility of information, no issue has been found and the risk management framework has been discussed clearly in the report.

Conclusion & Strength
The above discussion states that risk management has been properly done by the entity based on an effective framework. The key strength in risk management is remuneration policy is transparent to the stakeholders.

2.5. Element of Value Framework: Remuneration
Report Extract

(Annual Integrated Report | Sasol, 2019, p.27)

Critique

• Balanced mix of Remuneration Programme

Comprehensiveness
Based on the remuneration policy of the company, it has been identified that the balanced mix approach of the remuneration program has been considered by the entity. The flexibility in the remuneration option has been considered by the company for reducing the complexities in the remuneration policy. All relevant factors including performance and teamwork are considered in the remuneration policy designing process. The flexible policy of remuneration has helped to reduce conflict among team members. The discrimination policy has not been considered by the entity and it has increased organizational competitiveness in the market.

Extensiveness and Accessibility of Information
Information accessibility is an important matter and that has been properly followed by the management. The remuneration policy-related information has been extracted from page number 27 of the annual report 2019. The key highlight of the remuneration is mentioned in the report clearly and it has enhanced the quality of reporting. In terms of extensiveness, it can be stated that information regarding remuneration has been stated briefly and to the point.

Conclusion Including Strength
Balanced mix approach is considered by the entity and flexibility is the key strength of remuneration policy

.6. Value Framework: Financial Assets
Report Extract

(Annual Integrated Report | Sasol, 2019, p.133)

Critique

• Fair value measurement strategy is adopted to recognize financial assets

Comprehensiveness
In terms of comprehensiveness, it can be stated that fair value, cost, and amortization are properly followed and it has helped to show the actual financial performance of the company. The financial asset analysis for the year 2019 states that 7 elements are included in the financial assets. The fair value of listed investment securities has been considered clearly furthermore, long term receivables are clearly stated in the report. Hence, all financial assets are mentioned in detail with fair value and it reflects reliable information.

Accessibility and Extensiveness
In terms of accessibility, it is clear that information has been shown clearly for providing valuable information to the stakeholders. Users can easily understand various information regarding financial assets and knowledge would be gathered regarding the performance of the company. Detailed information has been provided in page number 133 of the report of Sasol Ltd.

Conclusion with Strength
Financial assets are classified properly and fair values are mentioned. Quality of information regarding financial assets is the key strength of the company.

2.7. Value Framework: Physical Assets
Report Extract

(Annual Integrated Report | Sasol, 2019, p.122)

Critique

• Disclosure policies of financial transaction recording
• Inventory carrying value

Comprehensiveness
Carrying value of inventories is provided in the financial report comparatively considering the year 2019 and 2018. Furthermore, consignment inventories are considered clearly in the report. The lease assets valuation has been considered considering the results of two consecutive years'. Depreciation has been charged based on international accounting policy for ensuring the quality of performance. Change in accounting policies are recorded in the report clearly for providing a clear picture of the financial performance of the company to the stakeholders

Accessibility
Information regarding property, plant & equipment has been mentioned on page number 122 of the annual report 2019. Both operating and financial lease-related information are provided in detail in the report. Furthermore, a comparative analysis has been provided in the financial statements for providing an overview regarding the existing performance of the company

Conclusion & Strength
The entire analysis states that carrying value of inventories and Property; Plant & Equipment are mentioned in the report appropriately. The key strength of the reporting is all items of physical assets are mentioned in the report considering two years 2018 and 2019.

2.8. The element of Value Framework: Customers
Extract

(Annual Integrated Report | Sasol, 2019, p.54)

Critique

• Number of customers based on geographic segments
• Customer Base of the company
• Identification of international customers

Comprehensiveness
Different segment-wise external turnover is fully mentioned in the report and it would help to identify geographic segment-wise sales performance. Specific customer information has not been provided in the report and based on the external turnover figure; annual growth can be easily identified. Customer geographic information is not published in the statement and it is one of the major limitations of financial reporting of the company. However aggregate operations in mining, international, and energy areas are focused by the entity strongly and it has helped to find out turnover fluctuation in each year effectively.

Extensiveness and Accessibility
The overall discussion of segment wise information mention in the annual report, it can be stated that external turnover related information is easily accessible and the growth of turnover can be identified based on the total figure. Users can easily find out necessary information regarding customers' from the segment reporting

Conclusion and Strength
Customer-centric information is not provided but key strength is geographic location-wise sales have been stated in the report.

2.9. Element: People & Culture

(Annual Integrated Report | Sasol, 2019, p.35)

(Annual Integrated Report | Sasol, 2019, p.28)

Critique

• Strategic leadership of the organization based on values and culture
• Diversity of the entity

Comprehensiveness
Diversity policy has been considered by Sasol Limited including culture and values which has improved the ethical performance of the entity. Core Values of the company are mentioned at the beginning of the report and furthermore, culture and value-related information are mentioned in the strategic leadership. It is mentioned that diversity is the most important matter to the company for ensuring the growth of the organization. In the case of developing strategic leadership, financial, and non-financial both results are linked by the Sasol group. Promoting diversity is the core value of the company and it is clearly stated in the report

Accessibility
Information regarding diversity, people, and culture are clearly mentioned in the annual report of Sasol ltd 2019. Diversity related information has been mentioned on page number 28 of the financial report. Culture and values related information are mentioned in page number 35 of the annual report 2019.

Strength and Conclusion
The key strength is the company considers performance based on values and diversity has been maintained by the company.

2.10. Value Framework: Innovation G& S
Report Extract
Research

(Annual Integrated Report | Sasol, 2019, p.103)

Strategic Directions and Long term Decisions

(Annual Integrated Report | Sasol, 2019, p.22)

Critique

• Innovation, research and development policies
• Strategic directions of the company

Analysis of Comprehensiveness
In terms of comprehensiveness, it can be stated that the company has focused on the research and development process effectively but the innovation process is not considered by the company. The annual report of the entity states that innovation-related information has not been properly mentioned in the report. The company has considered technology transfer technique and research & development in South Africa and other research information is not published in the report. It can create an issue regarding the analysis of the innovation process of the company. Hence, information regarding innovation is vivid in the annual report and it is not adequate to provide a transparent overview to the stakeholders.

Analysis of Accessibility
The accessibility analysis states that information is easily accessible in the annual report but a detailed explanation has not been provided in the report. Information regarding research has been mentioned in page number 103 of the annual report.

Strength and Conclusion
The key strength of information regarding research and innovation is it is mentioned appropriately in the report. Furthermore, the strategic direction analysis states that long term decisions are given priority by the management.

2.11. Value Framework: Intellectual Assets and Brands
Report extraction

(Annual Integrated Report | Sasol, 2019, p.33)

(Annual Integrated Report | Sasol, 2019, p.1)

Critique

• Intellectual Property right of the company

Comprehensiveness Analysis
The brand and intellectual property rights related information has not been mentioned by the company in the annual report and it is the key limitation of financial reporting for Sasol Ltd. However, the analysis of the value statement states that based on ensuring safety, integrity, and supporting the community, the company focuses on brand development. It is only mentioned in the report that the company has followed the rules of the Intellectual Property Commission accurately. Hence, in terms of the decision-making process, the fair view is not considered by the company.

Accessibility
Detailed information regarding intellectual property has not been mentioned in the report and hence, stakeholders would face an issue in terms of identification of information regarding intellectual property. It is clear from the study that although brand information has been provided by the company clearly, intellectual property information is not highlighted

Conclusion
It is needed to focus on the consideration of intellectual property-related information of Sasol Ltd. for developing transparency of financial reporting in the future.

2.12. Value Framework: Supply Chain
Extraction of Report

(Annual Integrated Report | Sasol, 2019, p.134)

(Supply Chain Sasol Ltd, 2018, p.2)

Reporting Critique

• Risk profile analysis based on various dimensions of risks of the company

Comprehensiveness
The overall comprehensiveness analysis reveals that the entity considers risk profile management to overcome different risks. In order to reduce market risk business strategies are properly adopted and a supply chain management system has been developed. The supply chain management related information of Sasol has been mentioned in the integrated report of the company 2018. It is mentioned that in order to overcome supply chain risk, the company focuses on the evaluation of cross border transactions, effective payment structure, and international corruption. The reduction of international corruption is an important matter for developing supply chain management globally as the flow of payment can be maintained easily. It is mentioned that the ABAC supply chain risk management matrix has been considered by the company.

Accessibility
In terms of accessibility, it can be stated that users need to consider an integrated report of Sasol rather than an annual report. The integrated report 2018 has provided the details of supply chain management risk and it has enhanced the quality of financial reporting.

Conclusion and Strength
A strong supply chain management framework of the entity has helped to managed supply chain risk effectively.

2.13. Value Framework Factor: Operating Performance
Extraction from Report

(Annual Integrated Report | Sasol, 2019, p.47)

Critique Reporting

• The operating performance analysis of the company
• Identifying operating expenses in detail

Discussion of Comprehensiveness
The operating expenses of Sasol Ltd are mentioned for three consecutive years and this comparative analysis has helped to provide a clear overview of the company performance to the stakeholders. Users can identify selling & Distribution cost, depreciation & amortization separately. Furthermore, the 2019 result can be compared with the result of 2018 and 2017. For instance, the overall analysis of 2019 profit with 2018 states that operating profit performance has been decreased in the current year compared to the previous year. Furthermore, if the comparison has been made between 2018 and 2017 it can be said that profit performance has been increased in 2018 compared to 2017.

Analyzing Accessibility and Extensiveness
The operating performance is the core part of business activities and information is easily accessible in the annual report. Page number 47 of the report 2019 clearly states a comparative income statement from which relevant information can be identified.

Conclusion
The above discussion states that comparative analysis is the key strength of operating performance analysis of the company Sasol Ltd.

2.14. Value Framework: Economic Performance
Extraction

(Annual Integrated Report | Sasol, 2019, p.47)

Critique

• Communication of financial information to the stakeholders
• Identifying profit performance

Comprehensiveness
The consolidated income statement analysis states that overall performance has been mentioned on the left side of the income statement and on the other hand, the performance in South Africa has been provided on the right side. The overall analysis of income statement reveals that users can easily identify the required information from the report. The earnings of the company in South Africa and all over the world have been mentioned in detail in the annual report. It clearly depicts the economic performance of the company. Furthermore, detailed information can be easily communicated to the people based on income statement analysis. All types of information have been mentioned in the report clearly for recognizing the operating profit performance of the business.

Accessibility
As detailed information of global performance as well as the performance of South Africa has been mentioned in detail in the annual report, it can be stated that information is easily accessible. The income statement related information has been provided in page number 47 of the report.

Conclusion
Detailed analysis of operating performance is the key strength of the company in terms of economic performance analysis.

2.15. Value Framework: Social Perspective
Extraction

(Environmental protection | Sasol, 2019)

Critique

• Evaluation of social investment and safety Programme of Sasol Ltd.

Comprehensiveness Analysis
Based on the sustainable report analysis of the company, it has been identified that the management has made huge investments in case of promoting health and safety. Furthermore, the care has been given to the global educational program development and community investment process. Specific areas of social investment are clearly stated in the sustainability analysis. The special focus has been given by the management of Sasol to the childhood development process throughout the globe. The community development program has been developed by the company for enhancing social development and maintenance of sustainability.

Accessibility Analysis
The accessibility analysis of the entity states that annual reports of the organization can be easily accessed but sustainability information has not been provided in this report. In order to get sustainability-related information, it is essential for the company to focus on the sustainability website of Sasol Ltd.

Conclusion and strength
The company has adopted a good initiative to enhance sustainability and a separate sustainability report has been considered by the entity to provide a clear picture of the social performance of the entity.

2.16. Value Framework Element: Environmental
Extraction from the Report

(Environmental protection | Sasol, 2019)

Critique

• Evaluation of environmental development investment program for maintaining sustainability
• Identification of the environmental education program

Comprehensiveness
Based on the environmental education program analysis, it has been identified that the company has made a special investment in environmental education for ensuring the quality of performance regarding environmental sustainability. The key focus of the entity is to enhance wastage recycling for enhancing the development of the quality of the environment and ensuring sustainability programs. The management has an atmospheric environmental license for developing environmental protection program. The community environmental education program has been developed by Sasol Ltd for ensuring organizational development. Furthermore, the company has focused on the environmental management program, and in the future, it would be developed for ensuring sustainability.

Accessibility
Environment development-related information can be easily accessed by users in the sustainability report website of Sasol and all information is provided step by step in the report. Environmental education and Environmental Offsets are two key areas of the sustainability of the company. Users can identify different environment development-related information on the sustainability website and the company's current position can be easily evaluated.

Conclusion
Investment in environmental sustainability is the key strength of the company which has helped to enhance the popularity of the entity in the market.

2.17. Value Framework Element: Segment-wise
Extract from Report

(Annual Integrated Report | Sasol, 2019, p.54)

Critique

• Segmental revenue analysis
• Segmental financial position analysis

Analysis of Comprehensiveness
The segment information analysis states that external turnover and total turnover are different types of turnover and these are mentioned separately in the report. In the report of 2019 comparison with 2018, it is found that the aggregate turnover amount has been increased during 2019. However, the external turnover has been decreased in the current year compared to the result of the previous year. Furthermore, current and noncurrent assets and liabilities are clearly mentioned in the annual report of Sasol 2019. The performance of mining, energy, the biochemical sector is separately shown in the financial statements.

Extensiveness and Accessibility
Segmental information of the company has been clearly mentioned in page number 54 of the annual report 2019. From this report, the financial position can be easily identified based on various sectors. This type of analysis has been provided in the annual report for ensuring the quality of information to the shareholders.

Conclusion and Strength
The overall analysis states that segmental information has been properly maintained in the annual report of the company.

3.0 Materials Matter Reporting
Report Extract

(Annual Integrated Report | Sasol, 2019, auditor’s report, p.16)

Corporate Responsibility
In terms of corporate responsibility of the company, it can be stated that internal and external audit matter are strongly focused by the company for ensuring transparency in the financial performance. The material misstatement related information has been clearly mentioned by the company in the annual report. Furthermore, the management is responsible in terms of corporate social responsibility including community investment, environmental education program, and so on. The professional judgement has been considered by the entity to overcome any issue regarding the operating performance of the company. Based on the sustainability information it is identified that the company has the responsibility regarding health & Safety and social development.

Critique (Material Matters)
The materiality concept has been considered a vital strategy in accounting as it helps to identify materials misstatement accurately. Based on the materials matter analysis of Sasol, it can be stated that the following matters are important to the company

• The group materiality has been clearly mentioned in the image form in the annual report of 2019. Profit adjustment is also mentioned here.
• Material misstatement analysis has been clearly mentioned in the report and it has helped to identify the performance of the company. This is why the management has a strong focus on the audit procedures within the entity.

It is clear from the overall discussion that the materiality concept has helped to identify the transparency level of the financial performance of Sasol Ltd.

References
Sasol | Global integrated chemicals and energy company. (2019). Retrieved 6 June 2020, from https://www.sasol.com/

Supply Chain Sasol Ltd. (2018). Managerial accounting assignment Retrieved 6 June 2020, from http://www.integratedreport.sasol.com/sustainability/pdf/sasol-focus-story-supply-chain-1.pdf

Environmental protection | Sasol. (2019). Retrieved 6 June 2020, from https://www.sasol.com/sustainability/social-investment/environmental-protection

Annual Integrated Report | Sasol. (2019). Retrieved 6 June 2020, from https://www.sasol.com/investor-centre/financial-reporting/annual-integrated-reporting-set