Katleho Petroleum

Katleho Petroleum Wholesaler of petroleum products

new prices for June
04/06/2024

new prices for June

04/06/2024

just quick safety checks

June petroleum pricesThe Department of Mineral Resources and Energy has confirmed significant petrol and diesel price de...
04/06/2024

June petroleum prices

The Department of Mineral Resources and Energy has confirmed significant petrol and diesel price decreases for South Africa’s motorists, effective at midnight on Tuesday, 4 June.

The news will be welcomed by South Africa’s motorists.

Below, the latest price changes.

FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:
1. The international price of petroleum products, driven mainly by oil prices

2. The rand/dollar exchange rate used in the purchase of these products

Oil price

At the time of publishing the brent crude oil price is $77.48 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.73/$.

stay away from people who think Toyota is better than Isuzu😍😍😍😍😍😍😍
03/06/2024

stay away from people who think Toyota is better than Isuzu😍😍😍😍😍😍😍

Private rail operators will boost the South African economyThe South African economy will benefit immensely if private r...
03/06/2024

Private rail operators will boost the South African economy

The South African economy will benefit immensely if private rail operators are allowed access into the market.

28 February 2021 – Opening up third-party access to South Africa’s rail infrastructure will fundamentally change the way freight moves in the country. Private rail operators will boost the South African economy. In addition, it will benefit a range of other industries and grow the size of the rail market for all players.

South Africa can emulate the likes of global powerhouses like Germany that used rail to build effective transport routes into key markets across Europe and the rest of the world by expanding the usage of the state-owned rail network to private rail operators. Government owned Transnet could benefit immensely through access fees generated from new cargo flows. Increasing rail capacity will improve the competitiveness of South Africa’s economy. This will stimulate growth and that means that jobs created are not limited just to those that would be created in the rail sector but many multiples more upstream.

Opening up third-party access to South Africa’s rail infrastructure would fundamentally change the way freight moves in the country. This would not only grow the size of the rail market for all players, but ultimately benefit a range of industries and the entire economy.

Independent rail operator Traxtion’s CEO James Holley, says that by giving third-party operators access to the rail network would not only enable more efficient freight movements within the country, but unlock potential new export markets by providing capacity to freight goods to ports and the rest of the continent.

Granting third-party access to the country’s core rail network within the next 12 months is a key element of the Economic Reconstruction and Recovery Plan presented by President Ramaphosa last October. Under this policy, private freight rail operators will be allowed to operate on the state-owned rail infrastructure alongside Transnet.

Holley says there is a ‘significant’ body of cargo – including steel, agricultural products, hazardous chemicals, specialised products and general freight – that is well suited to rail transport but is not currently moved by rail. Providing additional rail capacity to service this demand would create an ‘unprecedented’ boom in the rail freight market.

“The rail industry in South Africa should be pursuing getting as many extra tonnes on rail as possible. One of the big winners would be Transnet, who would benefit from access fees generated from these new cargo flows. Increasing rail capacity will improve the competitiveness of South Africa’s economy. This will stimulate growth and that means that jobs created are not limited just to those that would be created in the rail sector but many multiples more upstream,” says Holley.

Global manufacturing powerhouses like Germany, which has built effective transport routes into key markets across Europe and the rest of the world, has created a world-class rail network through state-owned rail operator Deutsche Bahn’s long-standing partnerships with a range of third-party operators, says Holley.

“We are already seeing strong demand from freight movers that are eager to access this new rail capacity. What is most exciting is that this will lead to new business and expansions to existing businesses who have needed this capacity to grow,” says Holley.

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Gud evening MzansiThe latest numbers from the Central Energy Fund (CEF) suggest that there will be a significant petrol ...
02/06/2024

Gud evening Mzansi

The latest numbers from the Central Energy Fund (CEF) suggest that there will be a significant petrol and diesel price decrease for South Africa’s motorists NEXT WEEK.

NOTE: This is an updated article with the latest fuel projections

Should that materialise, it will come as welcome news for all following a price increase for petrol earlier this month.

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Below, the latest projections from the CEF, effective Thursday, 30 May.

If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – a decrease of 106 cents is expected for petrol 93 octane motorists and a decrease of 106 cents for 95 users.
Meanwhile, diesel motorists would see something between an 91 to 100 cents per litre decrease.

Finally, illuminating paraffin is expected to decrease by 80 cents.

Fuel price update: Petrol, diesel decrease of around R1 expected next week
Fuel price update: Petrol, diesel decrease of around R1 expected next week

© FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:
1. The international price of petroleum products, driven mainly by oil prices

2. The rand/dollar exchange rate used in the purchase of these products

Oil price

At the time of publishing the brent crude oil price is $81.87 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.84/$.

pump prices effective Tuesday,Video Player is loading.
Inquirer
Gasoline prices down by 10 per liter, diesel up 25 effective May 21 | INQToday
The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 4 June.

Go easy on the accelerator until then, Mzansi.

Katleho Petroleum
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These are South Africa’s best-selling cars of 2019 so farSouth African new-vehicle sales were bleak in August with a 5.1...
11/12/2019

These are South Africa’s best-selling cars of 2019 so far

South African new-vehicle sales were bleak in August with a 5.1% year-on-year decline, to 45,537 units.

While the market remains depressed, consumers have a little more to be optimistic about, said Ghana Msibi, WesBank executive head of motor.

“Inflation was at a seven-month low in July giving some analysts hope of a further interest cut before the end of the year.

“Yet lower oil prices that should be benefitting motorists at the fuel pumps are being stifled by the weakness of the Rand, with fuel price hikes expected during September.”

Msibi indicated that consumer demand as measured by finance applications remains robust, pointing to interest in the new car market, albeit that overall market performance is down.

“It is interesting to note the correlation between the South African inflation rate at 4% in July and WesBank’s average deal size for new and used vehicles up 6% and 2% year-on-year respectively,” he said.

“This may give some indication of the market’s performance given the overall affordability challenges facing household budgets.”

Best-selling cars

Wesbank’s data shows that the average value of a new car financed in August 2019 was R332,161 – a respectable increase from the average of R313,326 over the same period last year.

Despite this increase, South African motorists still have clear favourites when it comes to the types of car they buy.

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The sales figures for November 2019 are in … and 694 units separate the top two vehicles on our list of South Africa’s b...
04/12/2019

The sales figures for November 2019 are in … and 694 units separate the top two vehicles on our list of South Africa’s best-selling bakkies.

According to Naamsa, November’s new vehicle industry sales came in at 44 738 units, representing a fall of 5,8 percent compared with the corresponding month in 2018. The light commercial segment (10 679 units), meanwhile, showed a considerable decline of 22,1 percent compared with November 2018. So, what exactly happened in terms of bakkie sales (check out our list of SA's best-selling passenger cars and the worst-sellers, too) in the eleventh month of 2019?

Well, the Toyota Hilux remained at the top of the table ahead of the Ford Ranger, which again had to settle for second place (after the first eleven months of the year, the Hilux finds itself an unassailable 14 536 units ahead of its Blue Oval rival).

The Isuzu D-Max – having late in 2018 switched from the KB badge – held steady in third (its final figure comprised 1 299 units of the D-Max and eight units of the KB). The Nissan NP200, meanwhile, remained in fourth despite dipping below the 700-unit mark.

The Nissan NP300/Hardbody, Mahindra Pik-Up, Toyota Land Cruiser Pick-up and Volkswagen Amarok stayed in fifth, sixth, seventh and eighth, respectively, while the Nissan Navara moved up one to ninth and GWM’s Steed fell a spot to tenth.

That means there was no room for the Mahindra Bolero (65), Mitsubishi Triton (26), Mazda BT-50 (25) or Fiat Fullback (four) on the list in November 2019. As a reminder, Mercedes-Benz South Africa doesn’t report individual model sales, so it’s hard to tell exactly how many X-Class units were sold during the month.

See the top ten list below, and have a look at October 2019’s figures here.

South Africa’s 10 best-selling bakkies of November 2019:

1. Toyota Hilux – 2 588
2. Ford Ranger – 1 894
3. Isuzu KB/D-Max – 1 307
4. Nissan NP200 – 694
5. Nissan NP300/Hardbody – 445
6. Mahindra Pik-Up – 238
7. Toyota Land Cruiser Pick-up – 224
8. Volkswagen Amarok – 186
9. Nissan Navara – 161
10. GWM Steed – 151

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TOYOTA AND ISUZU JOIN HANDS IN DEVELOPING A BLACK-OWNED SUPPLIERIn the spirit of Kyōdō, Toyota South Africa Motors (TSAM...
28/11/2019

TOYOTA AND ISUZU JOIN HANDS IN DEVELOPING A BLACK-OWNED SUPPLIER

In the spirit of Kyōdō, Toyota South Africa Motors (TSAM) and Isuzu Motors South Africa have joined forces in a Black Supplier Development program with Algoa Components Manufacturers (ACM). When the Port Elizabeth-based, black-owned supplier of fuel fillers, side impact beams and instrument panel carriers reported concerns about the future sustainability of its business, the two original equipment manufacturers (OEM) intervened. TSAM and Isuzu have partnered with Propella, a Port Elizabeth-based business hub, to offer skills transfer and mentoring support to ACM.

The mentoring process is well underway in a bid to improve ACM’s production capacity as well as its future business sustainability. TSAM and Isuzu have committed to assist ACM in the overall improvement and optimisation of product process flows, plant layout, space utilisation and the determination of material and manning standards – all in support of creating a more efficient production system.

Senior Manager of Enterprise and Supplier Development at TSAM, Kim Nisbet, says: “At TSAM, we value supplier relationship management and are proud to be working with our suppliers on a one-to-one basis to improve their performance for their benefit as well as ours. We value this opportunity to work with Isuzu in jointly developing and supporting this black supplier and it is important to both OEM’s in terms of increasing local manufactured content but more critically, it is our responsibility to ensure the sustainability of our local suppliers. We also believe that skills transfer and mentoring are essential elements in order for ACM to build its production capacity.”

Nisbet adds that in order for the local automotive industry to comply with the South African Automotive Masterplan (SAAM), local content needs to be increased from just under 40% to 60% over the next few years, and small and medium black-owned businesses must be brought into the supply chain to help the country succeed in transformation. Toyota’s strategy to support SAAM is clear and developing black-owned business suppliers is a priority.

Isuzu Motors South Africa adds that it is equally committed to broad-based black economic empowerment (BBBEE) and embraces opportunities to accelerate the transformation of the automotive value chain. “We are fully committed to the upliftment, transformation and growth of our country’s economy. We should always remember that an economy cannot grow by excluding people and that an economy which is not growing, cannot integrate all of its citizens in a meaningful way. It is thus vital that Original Equipment Manufacturers are actively supporting the long-term sustainability of the automotive supply chain,” says Gregory Wood, General Manager of Purchasing at Isuzu.

“We are confident that the collaboration will yield meaningful process improvements thereby improving on ACM’s high quality standards and driving further cost efficiencies. We are also proactively engaged in initiatives to help grow this supplier and to this end supported ACM to showcase their production capabilities at the Naacam Show which was held in Durban earlier this year,” concludes Wood.

During the course of the past 6 months, ACM has shown very good progress in terms of process improvement, efficiency levels and have further plans to improve. Toyota and Isuzu have committed to continue their support into 2020 and aim to conclude the Kyōdō initiative as early as the first quarter in 2020.

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Ford Ranger bakkie scoops ‘International Pick-up Award’ for 2020…The Ford Ranger is the International Pick-up of the yea...
27/11/2019

Ford Ranger bakkie scoops ‘International Pick-up Award’ for 2020…

The Ford Ranger is the International Pick-up of the year for 2020...

The Ford Ranger has won the International Pick-up Award 2020, beating Mitsubishi’s Triton (also known as the L200 in some markets) into second place.

The Blue Oval brand’s bakkie – which is, of course, built right here in South Africa – won the biennial title, with the Triton grabbing a close second place and the Toyota Hilux coming in third.

A group of 18 jurors said the Ranger was triumphant thanks to its “new cleaner and greener drivetrain” as well as “a number of technical and safety advancements”.

Jarlath Sweeney, chairperson for the International Van of the Year jury, revealed that just six points separated the top two contenders.

“The Ford Ranger scored 78 points to the 72 gained by the Mitsubishi L200 [Triton], with the Toyota Hilux coming in third,” Sweeney said.

“Jury members adjudged the Ranger to be the best all-rounder and noted that it’s a best seller too, as the previous version together with this revised model dominate the European marketplace with almost 30 percent share of the one-tonne segment. So the public recognises its merits also.

“Marks were allocated on each vehicle based on powertrain efficiencies, load volume and capability, driver and passenger comfort and safety aspects, as well as low total cost of operation from a business point of view,” Jarlath said.

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Oil and Gas trasnformation industry information . The transformation roadmap is defined through the 1998 Energy White Pa...
11/11/2019

Oil and Gas trasnformation industry information .

The transformation roadmap is defined through the 1998 Energy White Paper , Liquid Fuels Charter, Codes of Good Practice for BEE and the B-BBEE Act of 2003. The Liquid Fuels Charter was created in order to transform the liquid fuels industry to achieve the policy objectives of the 1998 Energy White Paper.

Liquid Fuels Charter
The Charter for the South African Petroleum and Liquid Fuels Industry on Empowering Historically Disadvantaged South Africans in the Petroleum and Liquid Fuels Industry, known as the Liquid Fuels Charter (LFC), was signed by the industry in 2000. It aimed to ensure the sustainable presence, ownership and control by approximately 25% of historically disadvantaged South Africans across the industry value chain by 2010. As the first industry to sign such a charter, SAPIA members prioritised the critical need to correct the imbalances of the past, long before the Broad-Based Black Economic Empowerment Amendment Act of 2013.

The goal of 25% ownership of the South African petroleum industry by historically disadvantaged South Africans (HDSA) is being met by SAPIA members. All privately owned, integrated members of SAPIA have concluded transactions, in differing arrangements, to facilitate HDSA ownership of their companies or to assist in the development of qualifying small enterprises. The implementation of the LFC includes much more than ownership. Procurement, employment equity, capacity building and the creation of a supportive culture are also vitally important.

Being the first charter in the country there are some disadvantages for the industry. One of these is that the LFC does not have a balanced scorecard. The concept of balanced scorecards was only developed later and was fine tuned in subsequent charters in line with the 2007 Broad-Based Black Economic Empowerment

(B-BBEE) Codes of Good Practice.
The absence of a balanced scorecard has been a distinct problem for the industry. It has meant that all the good results achieved by the industry have been overlooked by critics of the industry and attention only focused on areas where performance has been perceived to be relatively weaker. The industry has never hidden the weaker areas in its performance. Some of these weaknesses are the advancement of women in the industry and the procurement of crude and products from empowered suppliers. To reduce regulatory compliance burden, the industry is working on the alignment proposal of the LFC to the 2013 B-BBEE Codes of Good Practice.

BEE transactions by SAPIA members
All integrated, privately owned members have concluded equity ownership deals. Most of these are in respect of 25% of the full value chain, including both refining and marketing. Most are also broad-based and include women’s groups and the community. Good progress has been made with equity participation. Most of SAPIA’s members have already engaged black partners in either the full value chain or in important parts of it. Most importantly, the international oil companies have equity deals. Multinationals in other sectors of the economy are not entering into broad-based black economic empowerment transactions but rather opting for the Equity Equivalent Investment Programme in terms of the B-BBEE Codes of Good Practice.

Co-operation between SAPIA and Women in Oil and Energy
In 2005, SAPIA and Women in Oil and Energy (WOESA) signed a MoU for empowerment of women in the oil and energy sector. The MoU was valid for three years. SAPIA members individually continued to financially support WOESA. SAPIA and WOESA worked together to facilitate the sustainable empowerment of women in the oil, gas and other energy sectors. The MoU allowed for two types of relationships between the organisations – one direct relationship between WOESA and SAPIA and another bilateral relationship between WOESA and individual SAPIA members.

Compliance to the Broad-Based Black Economic Empowerment Amendment Act, 2013
SAPIA’s assessment of the industry’s achievements to date show that industry is making significant strides in respect of the pillars of the 2007 B-BBEE Codes of Good Practice. However, there are some challenges in the transformation journey which ultimately aims to achieve B-BBEE. These include procurement of crude oil, the need to increase credible B-BBEE suppliers, availability of accredited petroleum industry learning programmes and increasing the representation of people with disabilities.

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Kroonstad
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