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April 7, 2008

Sasol strong enough for BEE deal

10% of equity will be transferred to black stakeholders

Ratings agency Moody's said on Friday that current robust oil prices should allow Sasol enough breathing space to absorb any near-term leverage and liquidity pressures that might arise as a result of its R26-billion black economic empowerment transaction.

Sasol released the details of the transaction, which entails the transfer of 10percent of its equity to black stakeholders, late last month.

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Posted by StaffWriter at April 7, 2008 8:04 AM