Samir, new to forum (been trading since two years ag and have wanted to air my views on forum on several occassions but have held back until now). My understanding is as follows: Cash outlay today (pg 3 of prospectus)for 1,000 shares via funded invitation - R34,770 My understanding is that you do not have to put in equity over the 10 years and that the balance owed on your subscription will be funded by the special dividends received on the fund. At the end of 10 years somes shares will be sold to pay off the balance owed and the remaining shares will be available to trade in the JSE (pg 7) Others: it is a limited trading instrument so your cash will be locked in for the 10 years. You will be allowed to trade after 2 years (cash invitation) and 3 years (funded invitation) but only to other BEE entities. My calculations indicate that for the funded invitation, you looking at an IRR of 38 - 45% depending on what your view on the Sasol share price will be after the 10 years. Even if Sasol share price stays at around the R500/level you still looking at an IRR of around 25 -30% - question is what instrument will give you that return? As for the long-term view on Sasol, well share price has a long-term outlook built into it and Sasol's endeavours in GTL/CTL as an alternative to crude certainly has won support and favour with investors. Needless to say, I will be subscribing for a few thousand shares via the funded invitation for my wife and children - cash invitation requires too much equity upfront and is a limited trading investment after the 2 year period. p.s. I work for Sasol but views reflected above are purely my own.