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March 26, 2008

Counting the high cost of R26bn venture - Sasol

South Africa's biggest single broad-based black economic empowerment (BBBEE) transaction to date will cost global petrochemical giant Sasol R7,2billion to facilitate.

Christine Ramon, chief financial officer of Sasol, said yesterday that R130million was a direct cash cost while the remaining R7,1billion was a non-cash cost equating to about 2,8percent of Sasol's market capitalisation.

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Posted by StaffWriter at March 26, 2008 1:24 PM