Marius Bosch
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/ 25 March 2008

Sasol unveils SA’s biggest empowerment deal

Fuels and petrochemicals group Sasol will sell a 10% stake in the company to black investors in South Africa’s biggest black economic empowerment transaction to date, worth R25,9-billion. Sasol, the world’s top maker of oil from coal, said the deal involving 63,1-million shares will broaden and transform the group’s shareholder base.

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/ 8 February 2007

Anglo American forms new SA coal group

Anglo American has formed a new South African coal group, Anglo Inyosi Coal, worth R7-billion and 27% owned by black investors, the mining group said on Thursday. The deal is in line with the government’s black economic empowerment policy aimed at giving black South Africans, disadvantaged under apartheid, a bigger stake in Africa’s economic powerhouse.