Sasol implemented broad‑based share ownership transactions to give Black South Africans the opportunity to own shares in the company as part of South Africa’s empowerment programme.
There were two main transactions:
Sasol Inzalo 2008 – 2018 now finished
How it worked
Participants could buy shares at a discounted price determined by Sasol at a point in time.
Sasol Inzalo Ordinary shares (Sasol Inzalo)
R18,30 per share but participants had to buy at least 25 shares for a total amount of R457,50
When buying the Sasol Inzalo shares participants paid a small upfront amount. Sasol and the banks paid the remaining amount through a loan.
95% of the dividends from Sasol Limited were used to repay the loan and interest.
Could participants sell their shares?
Yes, but only after a few years.
What happened at the end (2018)?
Shareholders received cash for each share.
In summary:
Participants bought shares to become shareholders. Final dividends were paid at the end of the transaction.
Sasol BEE Ordinary shares
R366,00 per share but participants had to buy at least 10 shares for a total amount of R3 660,00.
Participants paid the full amount – no loans were used.
Could participants sell their shares?
Yes, but only after a few years.
What happened at the end (2018)?
Shareholders kept their shares.
In summary:
Participants bought shares to become shareholders. Final dividends were paid at the end of the transaction.
Sasol Khanyisa (2018 – 2028) Currently running
How it works
No upfront payment from shareholders. Sasol funded the shares through a loan. 97,5% of the dividends from Sasol South Africa are used to repay the loan and interest. The remaining 2,5% is used to pay dividends to shareholders.
Could participants sell their shares?
No, not until the end of the transaction (June 2028).
What happens at the end (around 2028)?
The transaction comes to an end in either of two ways:
- The 10-year transaction period comes to an end (June 2028) with the loan paid in full; or
- the loan is paid in full earlier than June 2028.
The Sasol Khanyisa shares will become Sasol BEE Ordinary shares (SOLBE1).
Shareholders will then:
- Own shares directly in Sasol;
- Be able to receive dividends from Sasol; and
- Be able to see the shares (to eligible Participants).
In summary:
No upfront contribution. Sasol funded the transaction through a loan.
97,5% of dividends from the transaction are used to repay the loan. Once the full loan is repaid at the end of the transaction, shareholders will receive Sasol BEE Ordinary Shares.