综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / Fashion

Sasol plans sale of 10% stake to black investors

By Carli Lourens | China Daily | Updated: 2007-09-11 06:58

Sasol Ltd, the world's largest producer of motor fuel from coal, said it will sell a 10 percent stake to black investors in South Africa's largest redistribution of wealth to the black majority.

The 17.9 billion rand ($2.46 billion) transaction will be funded through a combination of equity and the issue of preference shares to black-investment groups, the Johannesburg-based company said yesterday. The sale includes a 4 percent stake to almost 27,000 employees, it added.

South Africa's government is pushing companies from banks to gold producers to sell stakes to black investors to help compensate for discrimination under apartheid, which ended in 1994.

Anglo American Plc, the world's second-biggest mining company, last week agreed to sell parts of its platinum business to black investors for 11.2 billion rand.

"We want as many black South Africans as feasibly possible, most of whom have never owned shares before, to become shareholders," Sasol Chief Executive Pat Davies said.

Helped by state funding, Sasol developed technology invented by German scientists in the 1920s, and first used commercially in World War II, to build plants south and east of Johannesburg that convert coal into products such as diesel and chemicals.

The company said a 3 percent stake will go to members of the public. Sasol will also target groups and communities close to its operations at Sasolburg and Secunda for additional shares.

Profit gain

Sasol earlier reported a 64 percent jump in annual profit after oil prices increased and it wrote down the value of its European chemicals unit the previous year.

Net income rose to 17 billion rand ($2.3 billion), or 27.02 rand a share, in the year to June 30, from 10.4 billion rand, or 16.51 rand, a year earlier, Johannesburg-based Sasol said .

The company, which pays most costs in rand and sells its output for dollars, benefited from an 11 percent gain in the rand price of crude.

Bloomberg News

(China Daily 09/11/2007 page16)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
视频| 梅河口市| 桦甸市| 佳木斯市| 阿克陶县| 巴彦县| 宣武区| 正定县| 金坛市| 崇信县| 汉川市| 大同县| 许昌市| 荔浦县| 扎赉特旗| 临安市| 长垣县| 扶风县| 朝阳市| 洛隆县| 延边| 鹿泉市| 武川县| 宜兰市| 蓬溪县| 广南县| 惠水县| 林甸县| 班玛县| 石楼县| 临泽县| 沐川县| 大悟县| 衡阳县| 清涧县| 浦东新区| 上栗县| 嵊泗县| 华池县| 巴马| 泸溪县|