The journey began on 10 September 2007 when Sasol Limited shareholders were advised of Sasol’s intention to conclude a broad-based BEE ownership transaction equal to 10% of its issued share capital. The detailed terms of the Transaction were released on SENS on 25 March 2008 and published in the press on 26 March 2008. The Transaction was subject to the passing of special and ordinary resolutions necessary to implement the Transaction and the subsequent registration of the special resolutions by the Registrar of Companies. The special and ordinary resolutions were passed at a general meeting held on 16 May 2008.
In September 2008 participants were allocated either Sasol BEE Ordinary Shares in Sasol Limited (through the Cash Invitation) or Sasol Inzalo Ordinary Shares in Sasol Inzalo Public Limited (RF) (through the Funded Invitation).
One of the pillars of the Sasol Inzalo transaction was the creation of a Sasol Inzalo Foundation Trust. The Sasol Inzalo Foundation website may be found at www.sasolinzalofoundation.org.za.