Fin24 reports that Sasol says it won’t change the prerequisites for inclusion in its new Broad-Based Black Economic Empowerment (B-BBEE) share scheme, which have been rejected by trade union Solidarity for excluding white employees.  

CEO Stephen Cornell said on Monday, after the presentation of the energy and chemical company’s annual financial results, that the company had noted the union’s grievances after Solidarity was granted permission by the CCMA in June to strike over the scheme .  “We continue to engage with them (Solidarity) to understand their point, but we are not going to change the plan,” said Cornell.  “We have been very clear on that,” he said, adding that the scheme was about “economic transformation”.  Solidarity has maintained that the scheme's race-based policy discriminated against its nearly 6,300 workers at Sasol, and would further fuel racial tensions.  Last year, Sasol’s shareholders approved a new R21bn B-BBEE employee shareholding plan called Sasol Khanyisa to replace the previous scheme called Sasol Inzalo.  Sasol would have to come up with a plan to mitigate the impact of the strike should Solidarity, which represents mostly white employees, decide to go ahead and down tools.

• Read this report by Sibongile Khumalo in full at Fin24

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