Ins and outs of oil industry explained
Many wholesalers have licenses, but do not know where to go and how to start their businesses
To help bridge the gap, create awareness and provide much-needed information about the oil industry, the Tembisa Women in Energy, under the umbrella of the National African Energy Wholesalers Association of South Africa (Naewasa), hosted a day-long session where potential industry players were armed with the right ammunition to survive in this industry.
Hosted at the Mehlareng Stadium, on Thursday, this informative session focused more on providing training and capacity building for aspirant wholesalers.
Cube Energy Solutions’ Nosipho Mandongane argued that there are so many wholesalers with licences who do not have the knowledge as to where to go and how to start their businesses, thus the need to empower them with much-needed information.
“Our company provides capacity building for wholesalers and we concentrate mainly on new entrance and today we are here to help guide our people to succeed in this industry.
“Many wholesalers have licenses, but do not know where to go and how to start their businesses. So what we do is provide them with capacity building, training and knowledge so they are able to start their own businesses. We also assist in terms of funding for their businesses because that is another barrier that prevents people from being able to start their own businesses in the oil industry,” said Mandongane.
She stated that more and more black people were beginning to come into this space and participate because regulation has allowed them to be able to do so.
“Black people are now given priority, but most lack the right information. The challenge most people face is when they have to start their businesses because it means they have to approach the oil majors and sometimes it isn’t easy to get through, especially when you don’t know the ins and outs and don’t have the right information, such as pricing, volume and other logistics,” she said.
Betty Masoka, one of the attendees, said: “This was such an eye-opener. I now know where to go and how to apply for a wholesaler’s licence and be able to start my own business. I have always wanted to operate my own petrol garage, but lacked the necessary information.”
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