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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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/ 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.
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/ 10 September 2007
Sasol, the world’s top maker of oil from coal, posted a 10% rise in annual headline earnings per share, lifted by an increase in the price of oil and weakening of the rand, it said on Monday. In the biggest affirmative action deal in South Africa yet, South Africa’s Sasol said will sell a 10% stake for a total of R17,9-billion.