South Africa P.I.G.: SASOL

Sasol Directors Pile Into Inzalo BEE Shares

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTmCZSO1CKuDWsXRtqTWrd6wZ76FBs9Lfi-0mHn8jd8Xw0tk2U5fhax5X5jTx6XOroCbBbUmDaUejujYGaz3ZdV6DmLCiDllKdUCagWTtca6wAhQ2KzXv-c6icND-7A_yb8rYnQUWajwk/s1600-h/sasol3.jpg"></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggUrx19qjGEl4r52Scu7LwklObzlapRKqAmTX7TIlSDzIdhhaVUDubwo3vWFZ_sVlraBTzDV-ms1VQIPvVyKANn6XeVBNrF5kHNPFzqLThgVhrN1C43FrreWwVANidFGkaLLpuicUE850/s1600-h/Sasol.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5221897012438038978" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggUrx19qjGEl4r52Scu7LwklObzlapRKqAmTX7TIlSDzIdhhaVUDubwo3vWFZ_sVlraBTzDV-ms1VQIPvVyKANn6XeVBNrF5kHNPFzqLThgVhrN1C43FrreWwVANidFGkaLLpuicUE850/s400/Sasol.jpg" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" /></a>DIRECTORS of petrochemicals giant Sasol have emerged as among the biggest beneficiaries of the group's Inzalo empowerment share scheme. With no cap on the amount prospective investors could apply for, the scheme attracted a number of cash-flush investors, enhancing the possibility of an oversubscription. It appears investors who lined up for a slice of the shares this week may not get as many as they wanted, if the scheme is oversubscribed. According to the prospectus, executive director and one of the key Sasol personnel behind the deal, Nolitha Fakude, intended to apply for 73200 shares on the funded option and 200 000 shares under the cash option. Fellow executive director Benny Mokaba would apply for 273 200 shares under the funded option and financial director Christine Ramon would also apply for 273200 shares under that option. The prospectus said Fakude, Mokaba and Ramon would be granted vested rights to 25000 ordinary shares . Nonexecutive director Imogen Mkhize would buy 130000 shares in the funded option and 2500 in the cash invitation. Sam Montsi opted for 120000 (funded ) and 20000 (cash ), Hixonia Nyasulu 112000 (funded ) and Mandla Gantsho 273200 (funded) and 68300 or "25% of 273200", as the prospectus put it . Sasol shareholders had approved the participation of the directors in the scheme, the company said. Legae Securities analyst Zandisile Mabuya said investors who had put a lot of money in the scheme were likely to stay . "The investor who bought for millions is likely to be in for the long haul. Chances are that these are people who have made their millions in other empowerment deals.There is, however, a question about whether investors who put in smaller amounts will stay ."

Sasol Directors Pile Into Inzalo BEE Shares

DIRECTORS of petrochemicals giant Sasol have emerged as among the biggest beneficiaries of the group's Inzalo empowerment share scheme. ...

4:02 PM

Boycott SASOL

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh21jBLxvV7QJUXwXx9MAxfOZweRkLIK38ZSDTMPzEX9U5ujmeb12M-dPXpy4_srvTjFirXF6EhA856UVI0RB_LM_FzgWN36c4Qx3embqPsn7yTQmkMQSKvr7Lq3UvF_E9TZYOEMDYDh_fI/s1600-h/Sasol.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5210533328809101906" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh21jBLxvV7QJUXwXx9MAxfOZweRkLIK38ZSDTMPzEX9U5ujmeb12M-dPXpy4_srvTjFirXF6EhA856UVI0RB_LM_FzgWN36c4Qx3embqPsn7yTQmkMQSKvr7Lq3UvF_E9TZYOEMDYDh_fI/s400/Sasol.jpg" style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" /></a>This is a call to all SA minorities in the so-called "Democratic" South Africa or Rainbow Nation where all citizens of South Africa are considered "Equal" as per the Constitution - to STOP RACISM against the minorities of South Africa The Facts: From 2 June 2008 till 5 July 2008 SA "citizens" can apply and purchase shares at a discounted price from SASOL. A 160 page application booklet can be collected at SASOL service stations or from the SA Post Office. There is only one small catch! As per the application and as per the websites of SASOL, Only Black Persons or Black Groups are eligible to participate in the SASOL Inzalo Black Public Invitations. Please find evidence of this by visiting the following SASOL Websites or collect a application booklet at your closest SASOL Service Station or SA Post Office: <a href="http://www.sasol.co.za/" rel="nofollow" target="_blank">http://www.sasol.co.za/</a> <a href="http://www.sasol.com/sasol_internet/inzalo/legal1.jsp" rel="nofollow" target="_blank">http://www.sasol.com/sasol_internet/inzalo/legal1.jsp</a> This action as per International Law and as per our Constitution, constitutes that this is racism by offering a service or invitation on the basis of the color of one's skin. The Action: Boycott the following and let the minorities of South Africa and the world show SASOL and the racist ANC Government that Racism will not be tolerated. Boycott: SASOL PRODUCTS SASOL SERVICE STATIONS DO NOT support, purchase, or attend matches of the SPRINGBOK RUGBY TEAM since SASOL is the MAIN SPONSOR and they have a SPIES GOOIER coach anyway! The following COMPANIES ASSISTING with this RACIST VENTURE: RAND MERCHANT BANK EDWARD NATHAN SONNENBERGS ATTORNEYS KPMG NATIONAL EMPOWERMENT FUND SA POST OFFICE COMPUTERSHARE DEUTSCHE BANK Enough is enough! We must stand together to stop the racism and discrimination against the minorities committed by SA companies and the SA government. Please spread the word and forward this post to as many people as possible Let your voice be heard so that freedom and equality can prevail in the so-called rainbow nation. Thanks <a href="http://www.blogger.com/profile/11082624837729696924">Eli the Bearded</a> <a href="http://southafricanhell.blogspot.com/">South Africa Sucks</a>

Boycott SASOL

This is a call to all SA minorities in the so-called "Democratic" South Africa or Rainbow Nation where all citizens of South Afric...

1:08 AM

South Africa P.I.G.

Sasol Directors Pile Into Inzalo BEE Shares

Boycott SASOL

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