Tuesday, March 25, 2008

Sasol launches SA’s biggest BEE deal

SASOL will sell a 10% stake to black investors in SA’s biggest black economic empowerment (BEE) transaction to date worth R25,9bn the group said today.

The deal will involve 63,1-million shares andwill broaden and transform the group’s shareholder base. BEE is designed to widen ownership of the economy - still in mainly white hands 14 years after the end of apartheid.

More from this Business Day article.

NVDL: I recently watched a good, but disturbing movie called THE BOILER room. If you think your finances are safe, remeber this: everyone is trying to make something for nothing, especially people in finance, and you know where that road goes. Eeeyaaaawww---CRASH!

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