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Sasol reboots Inzalo; new scheme guarantees solid returns for BEE shareholders.

Sasol reboots Inzalo; new scheme guarantees solid returns for BEE shareholders.

Sasol's Inzalo project, launched in 2008 with the promise of benefiting almost 300 000 black South Africans, has failed to deliver. With only a year left and the oil-price hit share price trading only marginally higher than ten years ago, Sasol has relaunched its empowerment efforts with Khanyisa, a new scheme that eliminates external variables. Apart from guaranteeing solid returns for participants, the new scheme will also compensate Inzalo shareholders for their loyalty. In this in-depth interview, joint CEOs Bongani Nqwababa and Steve Cornell and Sasol FD Paul Victor answer the questions its BEE shareholders will be asking. In short, provided they stay with the scheme, those who participated in Inzalo look sure to enjoy significant rewards second time around. - Alec Hogg

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