British Petroleum Southern Africa (bpSA) has sold its liquid bulk fuels import terminal at the Port of EastLondon to black women-owned and managed independent petrochemicals company Wasaa in a landmark transformation deal. Moneyweb BPSA
British Petroleum Southern Africa has sold its liquid bulk fuels import terminal at the Port of East London to black women-owned and managed independent petrochemicals company Wasaa in a landmark transformation deal. Joburg-based Wasaa is a subsidiary of the Wasaa Group, which was founded and is led by Nokwanele Qonde. The financial value of the deal was not disclosed.
Transnet eyes Richards Bay port for new liquefied gas hub According to the company, the deal comes after it signed a Memorandum of Understanding with state-owned oil and gas company Petromoc to improve and control its LPG storage facilities in Mozambique. Qonde said Wasaa also plans to revive some of the decommissioned rail infrastructure to the East London port in order to deliver its products to other suppliers. Nondumiso Lehutso is a Moneyweb intern.
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