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Sasol Foundation

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Article
/ 18 September 2007

DTI ‘not at odds with Sasol’ over BEE deal

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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Article
/ 14 September 2007

DTI concerned over Sasol’s BEE deal

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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