Sasol shareholders approve new R21bn BEE structure

Sasol Khanyisa, a R21-billion broad-based black economic empowerment (BBBEE) ownership structure, has been granted formal approval by Sasol shareholders. “We are delighted with this outcome as it marks a significant milestone in Sasol’s transformation journey. Sasol Khanyisa will be implemented from June 2018 and we believe [it] will realise sustainable and long-term value for black South African shareholders,” said Sasol joint CEO and president Bongani Nqwababa.