R15.5bn Transnet fuel contract goes to black and women-owned suppliers

Transnet has awarded its contract for the supply of fuel for the next five years to nine black and women-owned companies following a competitive process. The award, valued at just over R15.5 billion, is the single biggest contract for services or goods for the state-owned company to date.
The companies include Afric Oil, Borutho Gas Supply, Gulfstream Energy, KZN Oils, Mzumbe Oil, NRW Trading and Logistics, Tlhokaina 21, Women Of Africa Fuels and Oils and Yem Yem Petroleum.
Eight of the nine suppliers are 100% black owned and five of them are more than 80% women owned.
The nine companies will supply Transnet with homebase fuel in tanks installed in Transnet facilities across the country for vehicles and road equipment, diesel traction for all diesel locomotives for fuelling at Transnet sites nationally and marine diesel for port equipment like dredgers and tug boats.