REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER
This presentation is the property of its rightful owner.
Sponsored Links
1 / 13

REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER 2 November 2000 – August 2010 PowerPoint PPT Presentation


  • 66 Views
  • Uploaded on
  • Presentation posted in: General

REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER 2 November 2000 – August 2010. Agenda. Introductions Supportive Culture Ownership and Control Employment Equity Capacity Building Procurement Enterprise Development Socio-Economic Development (CSI) Conclusion. 1.

Download Presentation

REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER 2 November 2000 – August 2010

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Review of petroleum and liquid fuels charter 2 november 2000 august 2010

REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER 2 November 2000 – August 2010


Agenda

Agenda

  • Introductions

  • Supportive Culture

  • Ownership and Control

  • Employment Equity

  • Capacity Building

  • Procurement

  • Enterprise Development

  • Socio-Economic Development (CSI)

  • Conclusion

1


Introductions

Introductions

  • Who is in attendance from BP?

  • Sipho MasekoChief Executive – BP

  • Richard FienbergChief Financial Officer – BP

  • Vuyi RaserokaHuman Resources Director – BP

  • Joe MahloHead of External Affairs and Communications – BP

  • Tshidi MadimaExecutive Director Investments - Mineworkers Investment Company

  • Sizwe MncwangoManaging Director - Masana Petroleum Corporation

2


We started our transformation journey by cultivating a supportive culture

We started our transformation journey by cultivating a Supportive Culture

  • Black people well represented on the board at 48.75%

  • Black executive directors amount to 20%

  • Black top management amounts to 50%

  • Board Transformation Committee

    All statistics using the adjusted recognition for gender

3


Bee partnership meets the intent and spirit of the charter

BEE partnership meets the intent and spirit of the Charter

  • How is MIC/WDB’s equity investment and joint venture in BPSA structured?

  • 25% voting rights in hands of black people

  • Oversight and challenge

  • Transformation committee

  • Exposure across the entire value chain

  • Sells BP and Castrol branded products

  • BPSA will not compete with Masana and remains an equity partner at all times

  • Masana majority BEE owned & operated

  • Regular cash flow with guaranteed minimum returns & upside linked to BPSA performance & MIC/WDB participation

BPSA (Pty) Ltd

BP

75%

MIC

17.5%

WDB

7.5%

Manufacturing (Refining),

Supply, Trading

Commercial &

Industrial

Retail

Lubes

50%

SAPREF &

Blendcor

Masana Petroleum Solutions

Masana

Mgt & Staff

20%

BP

45%

MIC

24.5%

WDB

10.5%

4


Review of petroleum and liquid fuels charter 2 november 2000 august 2010

Employment Equity & Capacity Building

Africans in leadership positions increased from 23% to 51% and females from 8% to 18%

  • Most senior positions in BP South Africa

5


Employment equity capacity building a transformed racial profile

Employment Equity & Capacity Building:A transformed racial profile


Employment equity capacity building ambitious plans to redress gender imbalance

Employment Equity & Capacity BuildingAmbitious plans to redress gender imbalance


Review of petroleum and liquid fuels charter 2 november 2000 august 2010

Procurement: our interventions are bearing fruit

Procurement from BEE compliant businesses increased by a compound 33%

Steps Taken In Support of BEE Procurement

Transformation Committee

set up headed by BEE

Partners – 2001

Supplier Diversity Manager

role created – 2001

BEE Procurement Policy

formulated – 2002

BEE Procurement targets set

for each area of business –

2003

Appointed Bogosi Consulting

to assist suppliers become

BEE compliant and to rate

them – 2005

BEE database shared with

SASDA


Review of petroleum and liquid fuels charter 2 november 2000 august 2010

Enterprise Development:

Role of BP SA in sustainability of Masana

  • Funding structure of Masana – R265m

    • Shareholders loans – BP SA support at R37m; BEE partners at R30m

    • Raising of RMB loans plus guarantees of approximately R200m

  • Product Supply to Masana

    • BP SA supply product at a discount which is worth approximately R20m/annum

    • Credit terms of 30D from statement translate to working capital of up to ~R1bn

  • Logistics infrastructure and secondary transport

    • Storage and handling at cost to Masana; access to entire BP SA depot network

    • Secondary transport – BP fleet delivers to Masana customers nationally

    • All of Masana’s on-road transport customers have unlimited access to the BP SA retail network

  • Access to both Local and Global expertise

    • HSSE programmes; Technology (Fuels & Transaction); Strategic Co-operation


Socio economic development

Socio- Economic Development

  • Over 1.5% net income spent on various community upliftment initiatives

  • Objective:

  • Monetary and non-monetary contributions with the specific objective of facilitating sustainable

  • access to the economy:

  • CSI Strategy

  • Main focus is education on the following themes:

    • Business leadership & technical development skills

      • e.g. Maths, Science & Technology Program in collaboration with Wits

    • HIV/AIDS prevention (e.g. Soul City)

    • Road Safety (e.g. Arrive Alive and High School Debating Competition)

    • Environment & Energy (Sea birds rehabilitation through SANCCOB)

10


In summary bp made significant progress but there remains more to do

In summary: BP made significant progress…but there remains more to do

  • The BP leadership owns the transformation agenda

  • The BP BEE partnership with MIC/WDB benefits a broad base of stakeholders

  • The racial profile of the employee population now better approximates the communities in which we operate

  • Our procurement interventions are yielding positive results

  • We have successful Enterprise Development initiatives

  • And we continue to invest in Socio-Economic development initiatives


Review of petroleum and liquid fuels charter

Review of Petroleum and liquid fuels Charter

Thank You

12


  • Login