Exchange Rate ZAR/USD
14.43 (0.4%)
Crude Oil
59.71 (-0.4%)
BFP Diesel 500
668.883 (0.4%)
CORPORATE SOCIAL INVESTMENT

Our key focus areas in CSI are:

  • Health care support and HIV/AIDS programmes
  • Education (trajectory)
  • Development of Youth, Female population crèche Varsity)and Disabled people
  • Rural communities development
  • Environmental conservation awareness and waste management programmes

WE ARE PROUD TO HAVE WORKED WITH THE FOLLOWING ORGANISATIONS:

  • MANGWATO PRIMARY SCHOOL
  • VOERSPOED MINE
  • NELLY KGAKA PRE-SCHOOL
  • EMATHONSINI HOME
  • NELSON MANDELA DAY
  • DESIGNER TOURS
  • NGWANANGWATO SECONDARY SCHOOL
Enterprise Development

SCE Engineering

SCE Engineering is a company that was formed in 2011 and was the brain child of Thabani Lurwengu who is a qualified engineer. Thabani has 14 years extensive engineering management experience within the petrochemical industry.

SCE Engineering is a level 1 B.E.E, company and 100% Black owned of which 50% is black woman owned.

SCE Engineering specialises in the following:

  • Full design of retail and commercial fuel installations
  • Mechanical steel structures ,piping, pumps, forecourt canopies and loading gantries
  • Petroleum piping , pumps and tank farms
  • Underground tank pressure testing and vacusonic
  • API 653 aboveground storage tanks repairs and quality control
  • Underground / AST pump and tank installations
  • Fire fighting installations

Masana's commitment was to financially assist SCE Engineering to create a sustainable business model .To this end Masana's commitment assisted SCE Engineering in winning some of Masana's projects and also winning new projects within the industry.

Henbro Engineering Services

Henbro Engineering Services CC is an emerging company that was founded in September of 2008 in recognition of skills and experience. The company is committed to contribute to the empowerment, sustainable development and enlistment of the previously disadvantaged required in the New South Africa.
Henbro specialises in the following range of engineering and management disciplines for oil, gas, steel, metallurgical and mining industries to name a few including specialised H.D.P.E/PVC PIPING:

  • Welding
  • Boiler making
  • Vibrating screens
  • Hydraulic pressure testing
  • General maintenance work
  • H.D.P.E piping
  • Tanker repairs
  • Civil

With the financial muscle they received from MASANA ENTERPRISE DEVELOPMENT in 2015/2016, they managed to secure a welding Academy which has been accredited with MERSETA. The academy since inception has trained 4 students. Henbro are intending to take on 65 students going forward and preparing them for their future.


IN THE NEWS


ANNOUNCEMENT OF THE NEW MANAGING DIRECTOR
01 Nov 2016

It is with great pleasure that I announce the next Managing Director of Masana Petroleum Solutions (“Masana”). Mr. Morena Sithole, assumes this role on 1 November 2016, succeeding me as I return to the United Kingdom to take up a new role. Morena is currently the Chief Operating Officer (COO) for Masana since January 2016. Prior to joining Masana, Morena occupied several leadership roles in BP Southern Africa since 2001. His last role before joining Masana was that of Country Head for Castrol Lubricants, South Africa from October 2014 to December 2015. He joined Castrol from Air BP Africa, the aviation fuels sales and marketing business of BP’s in the region, where he held the position of Performance Unit Leader for 3 years, with accountability for strategy and operational performance delivery in South Africa and Mozambique. You can rest assured that Masana’s strategy remains focussed on the delivery of our strong customer offer and continued customer service, all delivered through strong partnerships. Thank you for your continued support as we charge ahead under Morena’s new leadership – Mr. Abhay Raichoora, Outgoing Managing Director of Masana

LEADING SA B-BBEE PETROLEUM COMPANY MASANA BRINGS ON NEW INVESTORS TO THE TABLE
08 Aug 2016

Masana Petroleum Solutions has completed a transaction with a new Broad Based Black Economic Empowerment (B-BBEE) consortium that will see the new partners acquire a 35% stake in the business after two of its founding shareholders exercised their right to realise their value in the company.

The new consortium consists of three Black Owned venture capital firms, namely Ata Capital, Kwande Capital and Identity Capital partners all with extensive experience as fund managers across a wide range of sectors such as mining, energy, infrastructure telecommunications and financial services.
Shakes Matiwaza from Kwande Capital, the consortium’s Chief Executive says “We are excited to be a shareholder in Masana. The 35% share acquisition is a significant investment for us and we are excited and looking forward to creating value for Masana. Lelo Rantloane from Ata Capital and Deon Dhlomo from Kwande Capital and will join the board of Directors of Masana”.

The transaction was concluded after a 10-month competitive process where every bidder was treated in a fair and transparent manner.

As part of the transaction, the Mineworkers Investment Company (MIC) and the WDB Investment Holdings (WDBIH) realised their value by selling their equity stake after being part of the Masana success story over the last 10 years which saw the company grow strongly. Both companies have been active participants in the growth of Masana and have achieved their initial goals of investment in the company and are proud of their association with Masana.

Commenting on the exit of the current partners, Paul Nkuna, the chairman of Masana Petroleum Solutions said: “While all parties have benefitted from our partnership, our founding empowerment partners have decided to realise their value from the company which is common with all growing businesses. The announcement today shows our continued commitment to South Africa’s transformation agenda as we welcome new B-BBEE shareholders in Masana.”

Cynthia Mapaure, Financial Director of Mineworkers Investment Company (MIC) noted: “We have been invested in Masana for over 10 years, and our investment has consistently performed to expectations. Besides the value considerations for the MIC, the disposal of the Masana investment has provided an opportunity for new B-BBEE entrants to invest in a dynamic business with strong management and good future prospects. We wish the company and its new partners well in its future endeavours,” she says.

Faith Khanyile, the Chief Executive Officer of WDBIH said: “Our investment in Masana Petroleum Solutions over the last 10 years has enabled WDBIH to be at the forefront of uplifting the economic status of women in South Africa. Masana has grown to be a successful business and a good demonstration of how economic transformation and B-BBEE can lead to success in the petroleum industry where there has been limited participation of women. Our investment in Masana has exceeded our initial expectations. Our partnership has gone a long way in assisting our mandate to ensure that we deliver on business growth through our investments and realise transformation through our active involvement and establishing long term partnerships. We wish Masana and the new shareholders well for the future,” she says.

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