South African executive Simon Baloyi’s total remuneration as president and CEO of Sasol Limited rose 65.4 percent to R42.87 million ($2.57 million) in the 2026 financial year, driven by higher fixed pay, a larger short-term incentive and increased long-term incentive gains. He earned R25.91 million ($1.55 million) in 2025, according to Sasol’s 2026 financial reports.

Incentives lift executive pay

Baloyi’s base salary increased to R16.29 million ($980,000) from R12.51 million ($750,000) a year earlier. His benefits and allowances rose to R2.35 million ($140,000) from R1.83 million ($110,000), taking guaranteed salary and benefits to R18.65 million ($1.12 million), compared with R14.35 million ($860,000).

The biggest increase came from Sasol’s short-term incentive, which climbed 84.8% to R20.72 million ($1.24 million) from R11.21 million ($670,000). The payout reflected group operating targets, individual performance measures and safety-related deductions, alongside Sasol’s stronger 2026 financial performance.

Long-term awards gain value

Baloyi received R3.5 million ($210,000) in long-term incentive gains, sharply above R353,000 in 2025. The awards vested under Sasol’s long-term incentive plan based on group performance and applicable restricted-award and corporate-performance conditions.

His unvested holdings also expanded during the year. Sasol granted Baloyi 185,812 additional long-term incentive units on Sept. 8, 2025, with a grant-date value of R23.28 million ($1.4 million). By June 30, 2026, his unvested position had reached 391,609 units valued at R63.31 million ($3.8 million).

That compared with 217,518 unvested units worth R17.13 million ($1.02 million) a year earlier. The increase was supported by Sasol’s share-price recovery, with the stock closing the financial year at R161.66, more than double its R78.76 level at June 30, 2025.

Baloyi’s Sasol career

Baloyi joined Sasol in 2002 and held management roles across maintenance, technical and general operations before becoming vice president of Sasol Synfuels in Secunda from 2015 to 2017. He later served in senior engineering, chemicals, regional operations and asset-services roles before becoming executive vice president.

In 2022, Baloyi became executive vice president of Sasol’s Energy Operations and Technology, overseeing downstream operations, infrastructure, technology, projects, engineering, procurement and Sasol EcoFT. He was appointed president and CEO on April 1, 2024, after more than two decades with the group.

Sasol reports stronger profit

Under Baloyi, Sasol reported net profit of R14.46 billion ($870 million) for the year ended June 30, 2026, up from R7.73 billion ($464.5 million) in 2025. Profit attributable to shareholders increased 79 percent to R12.15 billion, while headline earnings per share rose to R38.31.

Adjusted EBITDA increased 17 percent to R61 billion ($3.66 billion), while EBIT rose 37 percent. Sasol’s totalassets increased to R363.82 billion ($22 billion) from R359.56 billion ($21.6 billion), while total equity rose to R170.03 billion ($10.2 billion) from R157.61 billion.