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Offer:Sasol Inzalo Overview and History
Sasol Inzalo is a Sasol creation born from the drive to include as many South Africans as possible in the continued success that Sasol has enjoyed over the years.
| 🔎 Company | 🥇 Sasol |
| 🌎 Country of Operation | South Africa |
| ⚙️ Operational | 22 Countries |
| ✅ Supplies | 100+ Countries |
| 📌 Products | Chemicals Energy Substainable Aviation Fuel |
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RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
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Sasol Inzalo – 11 Key Point Quick Overview
- ✅ Sasol Inzalo Overview and History
- ✅ Sasol and Inzalo Fast Facts
- ✅ Sasol Inzalo Highlights and Timeline
- ✅ Sasol BEE Ordinary Shares
- ✅ Sasol Inzalo Ordinary Shares
- ✅ Sasol Inzalo Groups Ordinary Shares
- ✅ Sasol Inzalo Foundation
- ✅ Sasol Inzalo Share Price and Pay-Out History
- ✅ Sasol Inzalo Stock Performance
- ✅ Sasol Inzalo Current Status
- ✅ How to Buy Sasol Inzalo Shares
Sasol Inzalo Overview and History
Sasol Inzalo was launched in 2008. Its purpose was to pay the financing with the value earned through the increase in the share price and then divide the leftover value among its participants. The motivation for creating this vehicle was Sasol’s desire to share the company’s success with as many South Africans as possible.
Sasol’s dedication to BBBEE drove this initiative and the need to diversify the company’s overall shareholder base.
Sasol and Inzalo Fast Facts
- At the time of Inzalo’s launch, Sasol had a Level Eight Contributor BBBEE Verification Certificate, which made it possible for the company to launch this initiative.
- Both Sasol and Inzalo are proudly South African.
- Sasol operates in 22 countries worldwide, providing a range of high-quality products.
- Sasol is one of the few companies that can boast the achievement of having built two South African cities, Secunda and Sasolburg.
- Sasol is listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE), where shares trade under the stock symbol SOL and SSL, respectively.
Sasol Inzalo Highlights and Timeline
- Inzalo was launched in 2008 and allowed South Africans to gain 10% ownership of Sasol.
- In 2011, Sasol allowed shareholders to sell or transfer their Sasol Inzalo shares, with Computershare taking charge of the process. In addition, Sasol integrated a trading platform where Sasol Inzalo share trading could take place. This service was provided until Sasol Inzalo concluded in September 2018, allowing shareholders to sell freely, transfer, or buy shares.
The South African public could participate in two ways, namely a Funded or Cash invitation. Funded Invitations were done by purchasing Sasol Inzalo Ordinary Shares in the Sasol Inzalo Public Limited (RF). Cash Invitations were done by acquiring Sasol BEE Ordinary Shares in Sasol Limited.
Furthermore, participants would subsequently participate in the Sasol Inzalo BEE transactions, making them owners of Sasol Inzalo Groups Ordinary Shares in Sasol Inzalo Groups Limited (RF).
Sasol BEE Ordinary Shares
- On September 7, 2010, the Minimum Investment Period for Sasol BEE Ordinary Shares expired.
- Sasol BEE Ordinary Shares were tradeable amongst BEE Compliant Persons using the interim trading solution from September 8, 2010, until the launch of the JSE’s BEE trading facility.
- Sasol BEE Ordinary Shares were listed on the BEE Segment of the JSE on Monday, February 7, 2011, allowing them to be exchanged amongst BEE Compliant Persons.
Sasol Inzalo Ordinary Shares
- For Sasol Inzalo Ordinary Shares, the Minimum Investment Period concluded on September 7, 2011.
- Sasol Inzalo Ordinary Shares were available to trade amongst BEE-Compliant Persons since September 8, 2011.
- Sasol Inzalo Ordinary Shares began trading amongst BEE Compliance Persons on the JSE’s BEE Segment on Tuesday, December 1, 2015.
Sasol Inzalo Groups Ordinary Shares
Unfortunately, shareholders were unable to trade their shares.
Sasol Inzalo Foundation
The Inzalo Foundation was established as a part of South Africa’s largest Black Economic Empowerment (BEE) equity transaction. In September 2008, South Africans gained ownership of 10% of Sasol shares formerly held by selected parties. Included in the deal was the donation of 1.5% of Sasol’s stock to the Sasol Inzalo Foundation. The Foundation is a nonprofit organization that serves the public good and is overseen by a separate board of directors. As a nonprofit organization, the mission was to promote STEM (science, technology, engineering, and mathematics) education at all stages of the learning continuum.
In 2014, the Sasol Inzalo Foundation collaborated with the South African Department of Education to create science and technology curriculum workbooks used by six million students in grades four through nine.
The textbooks and instructor guides were suitable materials covering both disciplines. Moreover, they were provided at no cost to the users. In public schools throughout South Africa, three million workbooks were provided because of this program.
Sasol Inzalo Share Price and Pay-Out History
- In September 2008, Sasol Inzalo was introduced at a share price of R366 per share. There were many participating shareholders, including staff, who received shares for free, and Sasol Inzalo Public (SIPBEE shareholders), who paid R18.30 or R36.60 per share.
- A total of R85.63 per share (minus dividends withholding tax of 20%, if applicable) were distributed to Sasol Inzalo Public (SIPBEE) shareholders in 2008.
- The share price of Sasol Inzalo has fluctuated from its 2009 low of R252 to its 2014 high of R632 because of the ebb and flow of crude oil and commodities prices.
- Sasol Inzalo Public Funding (Pty) Ltd (Fundco) sold Sasol Limited 16.1 million shares of its preferred ordinary stock in September 2018. Sasol Limited repurchased those shares for R542.11.
- The cost per share of Sasol preferred ordinary shares was determined using the 30-day volume weighted average share price on September 6, 2018. In addition, R8.7 billion was paid in total to Fundco. On September 10, 2018, Fundco returned R7.4 billion in outstanding Inzalo financing.
- A cash surplus of about R1.3 billion, before the deduction of dividends withholding tax, if applicable, and distribution to SIPBEE shareholders on September 17, 2018, remained after reimbursement of the outstanding Inzalo funds, taxes, and fees.
- The Sasol Inzalo deal ended on September 2017, and Sasol Inzalo Public Limited (RF) was delisted from the JSE on September 18 to be replaced by Sasol Khanyisa.
Sasol Inzalo Stock Performance
- The furthest stock performance on SIPBEEJ can be tracked is February 2016. In February 2016, the share price was 26.50 ZAR. In July 2016, the price of SIPBEEJ had increased to 45.00 ZAR, indicating a 69.8% change.
- By January 2017, the price decreased by 6.6% to 42.00 ZAR and remained flat until October 2017, when the share dropped sharply to 35.00 ZAR (16.6% decrease). However, In November 2017, SIPBEEJ’s price increased sharply from 86.1% to 65.16 ZAR.
- By January 2018, SIPBEEJ had a price of 88.25 ZAR, indicating an increase of 35.4% from November 2017. By March 2018, the price had dropped to 84.85 ZAR, indicating a 3.8% decrease. In May 2018, SIPBEEJ’s price skyrocketed by 11.9% to 95.00 ZAR, after which it fell by 34.1% in August 2018.
Sasol Inzalo Current Status
At Sasol, change is an economical, legal, and ethical necessity to which the company is dedicated to contributing significantly and enduringly. Therefore, Sasol Inzalo was established in 2008 to provide workers with ownership opportunities in Sasol. However, because Sasol’s share price was influenced by high and low crude oil and commodities prices, it resulted in a position in which the share price increase was insufficient to pay the outstanding funds. Consequently, Sasol Inzalo produced no net value for Sasol Inzalo Public financed participants.
However, Sasol BEE Ordinary (SOLBE1) shareholders could retain their shares in the empowerment division of the Johannesburg Stock Exchange (JSE) and participate in Sasol Khanyisa after the dissolution of Sasol Inzalo.
How to Buy Sasol Inzalo Shares
While Inzalo Shares can no longer be purchased, traders and investors can purchase Sasol Khanyisa shares from any South African stockbroker by completing these easy steps:
- Open a trading account with an FSCA-licensed and regulated stockbroker in South Africa.
- Verify your details by completing the KYC process, where you confirm your identity and provide proof of residence.
- Fund your trading account with the minimum deposit required by your broker.
- Explore the platform and familiarize yourself with the broker’s platform and trading dashboard.
- Select “SOLBE1” from the instruments provided by the broker or perform a search on the dashboard.
- Enter the number of shares you wish to purchase and follow any additional steps necessary to confirm your purchase.
Frequently Asked Questions
Does Sasol Inzalo still exist?
Inzalo does not exist anymore. Khanyisa replaced Sasol Inzalo after it ended on September 18, 2018.
Did Sasol Inzalo pay dividends?
Sasol Inzalo had a cash payout of 3 billion ZAR, which is 85.63 ZAR in cash dividends per share, or R68.50 per share after 20% dividends withholding tax was calculated and subtracted.
What happened to Inzalo Shares?
Shareholders who still held Inzalo Shares when Inzalo was terminated in 2018 received Khanyisa public shares.
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