Wasaa acquires bp Southern Africa’s liquid bulk fuels import terminal in landmark transformation deal.

Loading player...
This is a ground-breaking deal. One of the first in the energy sector, where a 100% black-owned, 80% female owned business acquires a terminal. It’s a transformation story, where we see opportunities that were impossible to achieve within communities such as East London come to fruition. It comes with years of hardwork and determination from the Wasaa team. This acquisition has also opened doors for other businesses in the energy and mineral sectors - especially for females in the industry. With the high unemployment rate in South Africa, its opportunities such as this one that gives hope to the community and its people
26 May 2022 4AM English South Africa Business News · Investing

Other recent episodes

Why Dis-Chem Is Investing Through The Downturn

Dis-Chem grew revenue by 8% and continued gaining market share, but earnings came under pressure as the retailer accelerated investment in digital transformation, new stores and its healthcare ecosystem. CEO Rui Morais discusses Better Rewards, expansion plans, changing consumer behaviour and the long-term strategy underpinning the group's investment drive
2 Nov 12PM 11 min

Manufacturing's Recovery Remains Fragile

South Africa's manufacturing sector showed further signs of stabilisation in October, but confidence remains fragile. Absa economist Andiswa Nondudule unpacks the latest PMI survey, exploring demand conditions, export activity, hiring trends, inflation pressures and the outlook for the sector
2 Nov 12PM 10 min

Inside Altron's Strongest Revenue Growth In Years

Altron posted its strongest interim top-line growth in three years, with improving profits, rising dividends and strong cash generation. CEO Werner Kapp discusses the group's platform-led strategy, the commercialisation of AI initiatives, the growing importance of recurring revenue and where the next phase of growth could come from
2 Nov 11AM 13 min

Redefine's Property Recovery Gains Momentum

Redefine Properties delivered stronger earnings, a higher dividend and an improved balance sheet as South Africa's property recovery continues to gain traction. CEO Andrew König unpacks the drivers behind the company's performance, where opportunities are emerging across retail, office and industrial assets, and why management believes disciplined capital allocation remains…
2 Nov 11AM 14 min

Southern Africa sees Private Capital's Big Comeback

Private capital is making a strong comeback. Fundraising in Southern Africa surged by 162%, making 2025 one of the strongest years on record. Anusha Naidu, CEO of SAVCA, unpacks what's driving renewed investor interest, where capital is being deployed, the sectors attracting attention, and what private equity investors are telling…
29 Oct 1PM 12 min