Petroleum and liquid fuels industry is an unknown industry to many in South Africa and only minority know about it and profited from it during the apartheid era. The transformation initiative in year 2000 which led to the development of Petroleum and Liquid Fuels Charter, which is the policy imperative of 1998 Energy White Paper Policy for transformation of Historically Disadvantaged South African to be included and participate in the industry, created and promoted the entrance of new companies in the industry, mostly for those owned by black South Africans. From the establishment of this transformation initiative, we still see few black South African being able to enter the industry and become successful in business. This is as a result of the complexity of business operation within the industry and lack of required knowledge and skills to success in business.
INKOSAZANE PETROLEUM (PTY) LTD is a new market player within the petroleum and liquid fuels industry. INKOSAZANE PETROLEUM intents to enter the industry as the independent nonrefining wholesaler of petroleum and liquid fuels for industrial, commercial and domestic use, with the main products being diesel, petrol, Liquefied Petroleum Gas (LPG), Jet Fuel, Lubricants and other related products. Established in 2022, INKOSAZANE PETROLEUM have a solid business and marketing plan to grab the opportunity created by the transformation initiative and the projects created as a result of developments of the South African economy. Our goal is to become a well-established and preferred petroleum and liquid fuels company offering tailor made solution to companies that needs petroleum products for running of their businesses. Our target market are all sectors of South African economy, with mining, agricultural/farming, transportation, manufacturing and processing, petroleum retailing operations and state owned entities being the main potential customers.
BUSINESS DESCRIPTION
INKOSAZANE PETROLEUM (PTY) LTD is a 100% black woman owned company located in Benoni, Gauteng, registered in 2022 in terms of Companies Act, as a private company with registration number 2022/442954/07. INKOSAZANE PETROLEUM main business is the wholesale supply of petroleum products namely; Diesel, Petrol, Paraffin, Jet Fuel, Liquefied Petroleum Gas (LPG), Bitumen, Lubricants and other petroleum related products. These products are sold to our main customers in the mining operations, agricultural/farming activities, transportation/fleet companies, white filling stations, manufacturing/processing companies and other sectors of South African Economy. As an independent non-refining wholesaler of petroleum products, we source our products from refining wholesalers of petroleum and liquid fuels in South Africa and deliver the products directly to our customers, in different sectors of the economy from the products that we are storing at our premises. Outsourcing only tankers transportation service. Arrangements are already made for transport agreements with liquid fuels transporters.