Sasol’s Inzalo black public invitations are almost four times oversubscribed, the listed chemicals giant said on Thursday.
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.