IN THE NEWS

Masana Petroleum Solutions has extended its long-standing Strategic partnership with BP Southern Africa (BPSA) to deliver an innovative fleet management solution, BP FleetMove, which is designed to improve operational and cost efficiency, as well as productivity using technology.

Launched on Thursday 21 February 2019, BP Fleet Move is designed to improve the overall fleet refuelling journey while providing real-time controls and analytics to reduce operational complexity.

Morena Sithole, Masana Managing Director, highlighted the value of knowing the precise status of a fleet and its operators at all times, saying: “BP FleetMove offers business owners and fleet managers the peace of mind of an expertly managed fleet by giving them full control every kilometre of the road.”

“This technology offers a completely cashless solution to fuel fraud by ensuring that all transactions are pre-authorised using an online platform and provides real-time control of vehicle management via web portals and mobile applications. This not only reduces operating costs substantially but offers new generation fleet management in a simple, cost-effective online format.”

With three versions providing best-fit solutions to different fleet requirements, Masana says the BP FleetMove Card, BP FleetMove Plus, and BP FleetMove Premium (which is modelled on the internet of things) enhances an organisation’s command over everything, from automated payment to driver management and even collision detection.

Fleet Managers are able to perform route monitoring on any vehicle via the telematics portal in real-time, through which they can track location, speed, angle, engine on/off and fuel level.

A major benefit of our flagship offer, BP FleetMove Premium, is the Fuel In Tank (FIT) security feature, where each vehicle is fitted with a fuel level sensing device that allows fleet managers to compare actual fuel tank variances against the fuel volume dispensed at service stations in real-time. Should any threshold variance be breached, an SMS or email alert is sent immediately.

In addition “Driver behaviour can also be monitored via Geo-fencing control, meaning that fleet managers receive an email or SMS alert when a vehicle enters or leaves the Geographic Fence set up for a specific journey,” says Sithole.

“Depending on the customer’s choice of BP FleetMove offer, fleet managers can access all transactions in real-time via the Fleet Management Web Portal and make vital operational decisions on the fly,” he adds, noting that a simple tamper-proof windscreen tag and GPS technology makes individual vehicle monitoring as well as analysis of each vehicle’s entire trip possible, increasing stakeholder trust.

Technology enhances solid service delivery

BP FleetMove is boosted by the extended refuelling network of BP, Cross Border, Homebase and Masana Partner sites.

As a strategic subsidiary to BPSA, one of the largest oil companies in the country, Masana Petroleum Solutions continually seeks to include progressive technology in fuel and fleet management solutions to increase efficiency.

“With BP FleetMove powered by Masana, fleet managers are assured not only of quality fuel but also of an efficient mechanism that takes the hard yards out of managing vehicles.” says BPSA Marketing Manager, Tebogo Mekoa.

Masana has been delivering superior customer solutions and service for almost fifteen years. “At our core, we are customer and market focused. With more than 58% black ownership, of which over 27% comprises black women, our aim is to keep building on our outstanding relationships across all industries and our reputation for quality products and service excellence.” says Sithole.

“BP FleetMove is another milestone in paving the way for our valued customers to ensure their own management excellence,” he concludes.

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.