Transnet has awarded nine companies a R15.5 billion contract to cover the parastatal’s fuel requirements, Public Enterprises Minister Malusi Gigaba announced.
“This day will go down in history as the day black economic empowerment took a giant leap forward,” he said in Johannesburg.
“Today we are proud to announce that Transnet has awarded [the contract]… over the next five years to black- and women-owned companies.”
Gigaba said eight of the companies were 100 percent black-owned, and five were more than 80 percent women-owned. They would be responsible for Transnet’s fuel requirements for the next five years.
He said the companies would supply Transnet with fuel in tanks installed in the parastatal’s facilities across the country. They would also supply marine diesel.
The companies are Africa 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.
The contract was Transnet’s single biggest for services and goods to date. Gigaba said the awarding of the contract demonstrated that South Africa had changed since 1994.