Sasol Inzalo shares have started trading on the JSE empowerment segment. With MTN Zakhele shares having commenced trading in early November, this marks only the second listing on this segment.
- Read more about the MTN Zakhele listing.
Inzalo chairperson Khungeka Njobe (pictured) called the listing a milestone for the entity, as well as a positive indication of the next phase of growth for the share scheme.
Njobe has been quoted as saying:
"By listing Inzalo Public on the main board of the JSE, shareholders will be able to trade on a world-class stock exchange and benefit from the flexibility this platform offers."
Sasol Inzalo, established in 2008, owns 10% of Sasol's issued share capital. Inzalo gave more than 200,000 previously disadvantaged South Africans an opportunity to own shares in the company. Prior to this new listing, Inzalo shares could be traded over the counter. Between October 2014 and October 2015, some 307,897 shares were traded in 3,109 transactions, at an average price of R75,01 per share.
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