Can I Sell my Sasol Inzalo Shares?
Can I Sell my Sasol Inzalo Shares? A Step-by-Step Guide. View the live share price, price-per-earnings ratio, share consensus, and much more.
| 🔎 Company | 🥇 Sasol |
| 🌎 Country of Operation | South Africa |
| ⚙️ Operational | 22 Countries |
| ✅ Supplies | 100+ Countries |
| 📌 Products | Chemicals Energy Substainable Aviation Fuel |
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Can I Sell my Sasol Inzalo Shares? – 3 Key Point Quick Overview
- ✅ Sasol Inzalo Overview and Update.
- ✅ When do investors typically decide to sell their SOLBE1 shares?
- ✅ How to sell SOLBE1 shares – A Guide.
Sasol Inzalo Overview and Update
The first generation of Sasol Inzalo was introduced in 2008. The plan’s objective was to use the capital appreciation to repay the funding and then distribute the remaining capital gain to the plan’s members. Sasol’s goal in launching this initiative was to enable as many people as possible in South Africa to benefit from the company’s success. Sasol’s commitment to BB-BEE necessitated this action, as did the desire to increase shareholder diversity. In 2018, Sasol Khanyisa, a new R21 billion empowerment plan, replaced the Inzalo scheme and will last until 2028. With Khanyisa, Black South African investors received the opportunity to acquire a quarter of Sasol’s South African businesses.
When do investors typically decide to sell their SOLBE1 shares?
Those who own SOLBE1 shares typically sell their shares for the following reasons:
- To restore a portfolio’s equilibrium. For various reasons, a portfolio could become unbalanced or misaligned with the investor’s goals. For instance, a sudden and unexpected concentration of wealth in one place might result from a marriage, a divorce, a retirement, the birth of children, or just random chance.
- To make money or other resources available. Uses for the money can include a down payment on a house, startup capital, paying for necessary medical expenses, or taking a well-earned vacation.
- Many traders use pre-set price targets to decide when to sell SOLBE1 shares. For instance, investors that use the strategy often determine a price range in which they wish to sell the stock at the time of purchase.
- Investors have discovered other investments with larger potential returns.
- Technical analysts and chartists use a range of indicators to analyze stock price changes and establish a predetermined sell signal. The trader sells their SOLBE1 shares as soon as this signal alerts them to do so.
How to sell SOLBE1 Shares – A Guide
To sell your SOLBE1 shares, you must place a selling instruction by calling Computershare or visiting them in person. The selling process will begin after a contact center operator has verified your account details and the number of shares you possess. Once you confirm the number of shares you wish to trade, the shares are then marketed, and the transaction is completed. Your shares will stay on the market once a buyer is identified for a period. If a buyer and seller match, a sale reference will be supplied.
If a buyer and seller match, a sale reference will be supplied. You will hold onto your shares if no buyer is found for the shares. Alternatively, you might sell your shares via an internet service for share trading (broker). To sell your shares via a broker, you can:
- Sign in to the trading account you created with your stockbroker or contact them by phone to get assistance with the sale.
- Choose the quantity of SOLBE1 shares you want to sell.
- Examine the sale’s transaction and broker costs.
- Place a “sell” order with your broker, then wait for it to be completed.
- If you have enough after deducting transaction costs, you may withdraw the money from your account once the shares have been sold.
When selling shares, South African investors must remember that capital gains tax is applicable. Furthermore, investors should note that difference between the revenues and the option cost is used to determine the gain. The number of shares you sold is then multiplied by the result. Depending on the quantity of taxable income, investors can anticipate gains taxes ranging from 18% to 40%. In addition, when investors receive dividends from Sasol Inzalo, they should anticipate that a 20% withholding tax might apply.
Frequently Asked Questions
What happens to my Inzalo Shares?
In 2018, Inzalo concluded, and Sasol launched Khanyisa. During this time, shareholders could sell or transfer their shares. In 2028, when Khanyisa concludes, shares will become SOLBE1, where shareholders can sell or transfer their shares.
How can I sell my Sasol Inzalo Shares?
To sell your shares, you must contact Computershare telephonically, via email, or visit them at their head office to start the process involved with selling your shares.
How can I access my Sasol Inzalo shares?
You can access your shares from your stockbroker, your banking profile, or by contacting Computershare.
