The Sasol Inzalo Foundation was established as part of South Africa’s single biggest black economic empowerment (BEE) equity transaction. This transferred 10% of Sasol shares into the hands of South Africans from designated groups in September 2007. Part of the transaction was the allocation of 1,5% of Sasol’s shares to the Sasol Inzalo Foundation.
The Foundation is a public benefit organisation, governed by an independent board of trustees. It is an operating foundation that drives excellence in science, technology, engineering and maths (STEM) education at all levels of the education value chain.
It is not a grant giving entity, although requests for funding are considered that match its strategy and create opportunities for effective partnerships.