PetroSA intends to take full advantage of the revised Broad-Based Black Economic Empowerment (BBBEE) legislation, to empower its buyers and suppliers.  The revised codes, announced by the Department of Trade and Industry (DTI), became effective 1 May 2015.

PetroSA hosted an SMME workshop at its premises this week where it appraised its small and medium sized suppliers of the new requirements of the amended BBBEE Codes to ensure alignment and continued services to the state-owned petroleum utility.

 “Knowledge sharing through the PetroSA Enterprise and Supplier Development (ESD) programme remains key to the growth of businesses in our sector. The workshop, which primarily targeted Black SMMEs, informed the delegates on PetroSA’s Enterprise and Supplier Development programme. We want to ensure that service providers are equipped with the relevant information to see them continue to access business opportunities, financial support and other financial services offered by the Small Enterprise Finance Agency (SEFA),” says, Mmabatho Matiwane of PetroSA. 

The revision of the BBBEE codes has ensured that PetroSA continues to support SMMEs and disseminates relevant and pertinent information that will allow them to secure their futures, provide sustainable development of their businesses and grow their client base in the long term.

“PetroSA has embraced the changes brought by the new BBBEE legislation and we are familiarizing ourselves with the changes made to the BBBEE Act by continuously engaging with experts in the field. The new regulation will have an impact on how PetroSA does business going forward, as it requires more effort and planning to be put on two key BBBEE priority elements such as skills development and Enterprise and Supplier Development (ESD),” she said

“We will continue to engage in discussions that address changes in the BBBEE legislation that impact SMMEs to ensure that, as PetroSA, we are aligned with these changes. In return, we are able to empower SMMEs through our engagement and awareness sessions; through business chambers and industry associations to ensure that all parties are aligned,” concluded Ms Matiwane.

Ends.

For more information contact

Ms Zama Luthuli

PetroSA Corporate Affairs

Tel 021 929 3117

Email: zama.luthuli@petrosa.co.za