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Black empowerment broadens reach

SA’s biggest deal to date by Sasol group is aptly dubbed Inzalo. The group will sell 3% of its equity to the black South African public at an 11% discount. Introduced by the likes of Naspers, Nampak and Nedbank, empowerment deal have now graduated to more democratic ownership programmes. And since the National Empowerment Fund opted to sell MTN shares at a discount to black people through its Asonge initiative, more firms are now also opting for a retail component with their empowerment schemes.

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