Jarrett Geldenhuys's questions to SASOL (SSL) leadership • FY 2015
Question
Jarrett Geldenhuys from Investec inquired about the potential for further cost savings in mining operations with the introduction of newer mines and asked for clarification on the foreign exchange assumptions and peak level for the company's gearing guidance.
Answer
CFO Bongani Nqwababa responded that mining costs are anticipated to remain slightly below South African inflation. President and CEO David Constable added that the peak gearing forecast is 38-39%, based on a rand-to-dollar exchange rate assumption of 12.50 to 13.50.