Sasol was issued a BEE verification certificate on the 5th of September 2012 confirming that it is a level 4 contributor to Broad-Based Black Economic Empowerment (“BBBEE”) with a 100% procurement recognition level.
As Sasol is also recognized as a value-adding enterprise, customers receive a further R1.25 preferential procurement recognition for each R1 they spend with the Sasol Group of Companies. Our verification agency is SANAS-accredited.
The implementation of our Inzalo transaction during 2008 has contributed greatly to our overall progress from level 7 when the Codes of Good Practice for BBBEE were gazetted in 2007, through level 6 and 5 with our verifications in 2008 and 2009 respectively. Sasol has maintained the level 4 status for the last 3 verification periods.
