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/ 18 September 2007
The Department of Trade and Industry (DTI) on Tuesday reiterated that it was "not at odds" with petrochemical giant Sasol over its proposed R7-billion employment share-ownership scheme. "Media reports about the Sasol … black economic empowerment [BEE] deal would seem to indicate that there is some confusion about the department’s position," the DTI said in a statement.
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/ 14 September 2007
South Africa’s Department of Trade and Industry (DTI) said on Friday that it was concerned that the proposed Employee Share Ownership Scheme (ESOP) proposed under Sasol’s R17,9-billion black economic empowerment (BEE) deal "falls short of the level of empowerment envisioned in the Codes [of Good Practice]".
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/ 12 September 2007
Petrochemical giant Sasol’s announcement that it plans to transfer 10% of its issued share capital, worth close on R18-billion, into black hands has inspired mixed messages from trade unions. The Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union on Tuesday "cautiously welcomed" the news.