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Sasol--general meeting to approve BEE transaction
On 10 September 2007, 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 is 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. A circular has been posted to shareholders, including a notice convening a general meeting to be held at 09:00 on Friday, 16 May 2008 in the Sasol Ltd Auditorium, 1 Sturdee Avenue, Rosebank, Johannesburg, for the purpose of considering, and if deemed fit, passing the special and ordinary resolutions required contained in the notice which forms part of the circular.
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Sasol's wax unit probed by European Commission
Business Day noted that a Sasol subsidiary, Sasol Wax International, is among companies being investigated by the European Commission for alleged participation in a wax cartel. Company spokesperson Johann van Rheede said that Sasol was unaware of any cartel activities in the industry when the group purchased the business in 1995.
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Sasol in German joint venture
Business Day noted that Sasol and Huntsman Corporation from the US, have formed a joint venture in Germany. The joint venture would expand maleic anydride production in the European nation.
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