Our Story
Mvelelo is a Venda word defined as; earned success obtained through effort. Mvelelo Holdings was established in 2017, by a group of black entrepreneurs, who share a vast knowledge as well as experience in the Petroleum industry. Mvelelo shareholders have discovered that, alone they can do little, but together they can do, so much more.
Mvelelo’s core business is to invest in service stations together, as collaborative effort provides the opportunity to yield more and receive a better outcome. Mvelelo Holdings seeks to expand in their petroleum assets, in wealth creation, skills development of new members and to leave a legacy for generations to come.
Background
According to the Petroleum and Liquid Fuels Transformation Charter presentation by the Deputy Director: Commercial & Charter Compliance dated 23 November 2017:
Dealer Owned
Transient Race % - Volume
Status Quo
- Indians do better in volumes than other black groups
- The ownership of and volumes pumped by Whites outnumber those of the HDSAs collectively
- White dealers pump 3x more than Indians, who are 2nd in dominance
- There is still a challenge of ensuring equitable site allocation to HDSAs for various reasons, including limited site availability
Company Owned
Transient Race % - Volume
Oil Company challenges
- Some old evergreen agreements with white retailers, property owners and developers
- Especially with respect to the more lucrative opportunities e.g. transient sites
