Johannesburg - Petrochemicals giant Sasol said yesterday that its empowerment entity, Sasol Inzalo Public, had received the green light to list on the JSE’s main board on Tuesday, after all the necessary approvals had been received.
Sasol Inzalo Public indirectly owns 2.4 percent of Sasol’s total issued share capital and was established in 2008.
It has 206 496 black individuals and black groups as shareholders, making it one of the largest empowerment transactions in South Africa. It holds about 16 million shares in Sasol.
The ordinary shares were scheduled to be listed on the empowerment segment of the main board of the JSE in in the “specialist securities – other securities sector” as an asset backed security.
Sasol’s shares on the JSE were quoted down 0.32 percent at R415.12 at the close yesterday, which valued the company at R270.4 billion.
BUSINESS REPORT