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sasolSowetan reports that a group of former Sasol employees is exploring its legal options after the company’s Inzalo scheme paid them less than they had expected.  

The broad-based black economic empowerment scheme matured last year.  The former workers, who left the company for various reasons, including voluntary retrenchment and early retirement, said they thought the scheme was doing well as the company had paid them dividends twice a year during the lifespan of Inzalo.  But, the ex-employees were apparently told by the company they would not receive any share payouts because Inzalo did not do well.  The news devastated them because they had planned their lives around the payout.  Sasol spokesperson Matebello Motloung said each employee received approximately R57,000 in dividend payouts over the 10-year period of the Inzalo scheme, but the Sasol share price had not increased sufficiently over the 10 years for a share payout.  Motloung also said ex-employees who were not employed by Sasol on 1 June 2018 were ineligible to participate in the new Khanyisa scheme.

  • Read more of this Sowetan report by Pertunia Mafokwane at SA Labour News


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