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Sasol’s BEE fund delivers dividend

Sasol’s BEE fund delivers dividend

Photo by Duane Daws

2nd May 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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Petrochemicals giant Sasol’s broad-based black economic-empowerment (BBBEE) fund, Sasol Inzalo Public, will, on Friday distribute a dividend of R2/share to shareholders.

Inzalo, with about 16-million shares in Sasol, currently has over 214 000 shareholders.

“Today [May 2] represents another milestone in the success of the transaction and the benefit that patient shareholders stand to gain,” said Sasol executive director Nolitha Fakude in a statement.

Sasol Inzalo, which was established in 2008 when qualifying South Africans were offered the chance of becoming shareholders in the BBBEE scheme, recorded trade of about 1 400 shares a day over the past year, with shareholders entitled to trade on Sasol Inzalo’s online platform or through Computershare.

Edited by Creamer Media Reporter

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