Petrochemicals giant, Sasol, seems to be sticking to its guns in its position that its white employees do not qualify to become beneficiaries of its new broad based black economic empowerment (BBBEE) deal, Sasol Khanyisa.
In a statement issued this week Sasol maintained that “The Sasol Khanyisa ESOP is not a company benefit or compensation scheme. It was specifically designed to address the ownership component of the B-BBEE Codes and therefore primarily focuses on the inclusion of Black employees, as defined by the Codes.”
Sasol issued this statement after the company and Solidarity emerged from a conciliation hearing with the Commission for Conciliation, Mediation and Arbitration (CCMA).
Trade union Solidarity is crying foul after Sasol announced the new B-BBEE transaction, Sasol Khanyisa, that excludes its white employees when the first chapter of this deal Sasol Inzalo included white employees.
The conciliation hearing followed earlier CCMA hearings by the two parties held on 9 and 25 May 2018.
The Sasol statement said at the conciliation hearing, Sasol and Solidarity could not reach agreement to settle the dispute. “As such, the Commissioner issued a certificate of non-resolution. This outcome means that Solidarity could embark on a protected strike after giving Sasol 48-hours’ notice.
“A certificate of non-resolution does not imply that Solidarity is correct nor that Sasol is wrong on this dispute. The CCMA outcome means that middle ground could not be found on Tier 2 of Sasol Khanyisa ESOP. It gives permission to Solidarity to withdraw labour and protest in a safe manner.”
Sasol added that “As a responsible South African corporate citizen, it is Sasol’s ethical duty to take decisive action to redress the injustices of South Africa’s past. Sasol Khanyisa, Sasol’s new B-BBEE ownership structure, is one of the key focus areas of the company’s broader transformation strategy. Transformation, in the form of share ownership in Sasol South Africa by previously disadvantaged groups, is an important ethical, social and business imperative for Sasol.”