Appointment of Ms H Nyasulu as Non-Executive Director.JOHANNESBURG, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. -- Sasol (NYSE NYSE See: New York Stock Exchange :SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. )(JSE JSE See: Johannesburg Stock Exchange :SOL) is pleased to announce the appointment of Ms Hixonia Nyasulu as a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. with effect from 1 June 2006. Ms Nyasulu is the Executive Chairman of Ayavuna Women's Investments (Pty) Limited, a women-controlled empowerment vehicle whose objective it is to acquire quality assets for the benefit of black professional women, as well as women's organisations involved in health, education and skills transfer. Until 2004 Ms Nyasulu was the chief executive of a marketing and research company, which she founded in 1984. Ms Nyasulu is currently a director of Anglo Platinum Anglo Platinum ltd is the world's largest primary producer of platinum, accounting for about 38% of the world's annual production. The company, based in South Africa, was previously called "Anglo American Platinum Corporation Limited". Limited, Defy (Pty) Limited, the Tongaat-Hulett Group Limited and chairperson of the Development Fund of the Development Bank of South Africa. Previously she was a director of amongst others AECI Limited, Nedcor Limited and Nedbank Limited (as deputy chairman), McCarthy Group Limited and Relyant Retail Limited. Ms Nyasulu has a BA in Social Work and an Honours Degree in Psychology. She also holds an Executive Leadership Development Programme certificate of Arthur D Little Management Education Institute (Cambridge, Massachusetts) and attended the International Programme for Board Members at the Institute of Management Development in Lausanne, Switzerland. Ms Nyasulu plays a leading role in the consortium of black shareholders that will, if approved, take an equity interest in the proposed liquid fuels Uhambo joint venture between Sasol, Petronas and BEE groups. The chairman of Sasol, Mr P du P Kruger, said: "On behalf of the members or our Board, as well as all the people of Sasol, I welcome Hixonia as a non-executive director. She is ideally equipped and qualified to be a director of the company and we are delighted that she has accepted our invitation to join the board." Sasol, with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12.5 billion, is an integrated oil and gas group with substantial chemical interests. Based in South Africa and operating in 15 other countries throughout the world, Sasol is the leading provider of liquid fuels in South Africa and a major international producer of chemicals, using a world leading technology for the commercial production of synthetic fuels and chemicals from low grade coal. In the future Sasol expects to apply this technology to convert natural gas to diesel and chemicals. Sasol manufactures over 200 fuel and chemical products that are sold in more than 90 countries and also operates coal mines to provide feedstock for synthetic fuels and chemical plants. The company also manufactures and markets synthesis gas and operates the only inland crude oil refinery in South Africa. Internet address: www.sasol.com |
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