Petro giant slammed for listing reform as a risk

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GLOBAL - South Africa's Public Investment Commissioner (PIC) has taken a swipe at petrochemicals giant Sasol for listing black economic empowerment as an investment risk in its compulsory filings to the NYSE.

PIC, which controls $45bn in government pension funds, owns 13% of Sasol, making it the largest minority shareholder. Brian Molefe, chief executive of PIC, expressed his displeasure at Sasol’s r...

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