NEW AGE, THE, Inside, BEE deal offers real empowerment to the masses
NEW AGE, THE, Inside 1 Page 16
Guest Column Nolitha Fakude SASOL Inzalo, a ground-breaking R26bn broad-based black economic empowerment (BEE) transaction, was conceived not only as the largest BEE transaction in the country but also one that would interpret not just the letter of the BEE codes but the spirit of BEE. The transaction sought to offer real empowerment to a mass of people through a longterm equity investment. At its inception, Sasol Inzalo was an opportunity to open the world of investing to thousands of South Africans, who had previously not considered shares or the stock market as an investment option. Sasol Inzaki's investors participate in ovvnership of 10% equity in Sasol Limited and benefit from the company's international and domestic growth.
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