Africa Outlook MagazineAfrica Outlook Magazine
  • Magazine
  • Issues

    Issues

    Show more
    Africa Outlook Magazine Issue 114 Cover
    Most Popular
    Letsholathebe II Memorial Hospital Main

    Letsholathebe II Memorial Hospital : Facilitating Healthcare Evolution

    Sulzer SA main

    Sulzer South Africa : Powering Partnerships Beyond Pumps 

    Defy Appliances MAIN

    Defy Appliances : Elevating the Domestic Equipment Experience

    Africa Outlook Magazine Issue 113 Cover April 2025 Cover
    Most Popular
    Yalelo Products Main

    Yalelo Zambia : Breaming with Success

    Ponticelli Angoil main

    Ponticelli Angoil : Oiling Up Angola

    Energy Partners Main

    Energy Partners : Powered by Results

    Africa Outlook Magazine Issue 112
    Most Popular
    South African Medical Technology Industry Association (SAMED) main

    South African Medical Technology Industry Association (SAMED) : Spotlight

    Bauba Resources Main

    Bauba Resources (Pty) Ltd : Telling a New Story About Mining

    WCE Consulting Engineers Main

    WCE Consulting Engineers : Multidisciplinary Masters

  • Corporate Stories
    • Agriculture
    • Construction
    • Economy
    • Energy & Utilities
    • Finance
    • Food & Beverage
    • Healthcare
    • Manufacturing
    • Mining
    • Oil & Gas
    • Retail
    • Supply Chain
    • Sustainability
    • Technology
    • Telecoms
    • Transport
  • Business Insights
    Business InsightsShow More
    Factory workers checking quality of products in large industrial hall.
    BT Industries : Propelling Performance Through Integrated Partnerships
    26 June 2025
    Read More
    African Beer Cup MAIN
    African Beer Cup : Crowning the Best Beers in Africa
    26 June 2025
    Read More
    Letsholathebe II Memorial Hospital Main
    Letsholathebe II Memorial Hospital : Facilitating Healthcare Evolution
    26 June 2025
    Read More
    African Originals Main
    African Originals : Celebrating Identity Through Taste
    30 April 2025
    Read More
    Financial inclusion through decentralized finance
    Platcorp Group : The Front line of Financial Inclusion
    30 April 2025
    Read More
  • Industry Spotlights
    Industry SpotlightsShow More
    Printing SA Main
    Printing SA : Spotlight
    27 June 2025
    Read More
    MAIN ASPASA
    ASPASA : Spotlight
    21 May 2025
    Read More
    Rwanda ICT Chamber Spotlight MAIN
    Rwanda ICT Chamber : Spotlight
    24 June 2025
    Read More
    Small national flags of the Malawi on a dark background
    Malawi Chamber of Mines : Spotlight
    7 May 2025
    Read More
    South African Medical Technology Industry Association (SAMED) main
    South African Medical Technology Industry Association (SAMED) : Spotlight
    28 February 2025
    Read More
  • Subscribe
  • About Us
  • Testimonials
  • Meet The Team
  • Media Pack
  • Work With Us
  • Contact Us
  • Subscribe Free
  • My Bookmarks
  • Outlook Features
  • Events
©2025 Outlook Publishing Ltd. All Rights Reserved.
Font ResizerAa
Africa Outlook MagazineAfrica Outlook Magazine
Font ResizerAa
  • Magazine
  • Issues
  • Corporate Stories
  • Business Insights
  • Industry Spotlights
  • Expert Eye
  • Final Word
  • Agriculture
  • Business Travel
  • Construction
  • Economy
  • Energy & Utilities
  • Finance
  • Food & Beverage
  • Healthcare
  • Manufacturing
  • Mining
  • Oil & Gas
  • Retail
  • Supply Chain
  • Technology
  • Transport
  • Home
    • Magazine
    • Issues
    • Business Insights
    • Corporate Stories
    • Industry Spotlights
    • Business Events
    • Outlook Features
  • My Africa Outlook Magazine
    • Sign Up Today
    • My Bookmarks
  • About Us
    • Meet The Team
    • Testimonials
    • Media Pack
    • Work With Us
    • Event Partnerships
    • Contact Us
Follow US
Oil & Gas > BP Southern Africa (BPSA) Commits to Transformation
ArticlesBusiness InsightsOil & Gas

BP Southern Africa (BPSA) Commits to Transformation

Editorial Team
Editorial Team
Published: 12 February 2014
Share

BP Southern Africa (BPSA), one of the oldest companies operating in South Africa for over 90 years, has completed a major Broad Based Black Economic Empowerment (B-BBEE) transaction with two new BEE investors, as part of its continued commitment to meaningful transformation in the country.

BPSA’s commitment to transformation dates back several years.  In 2001 it became one of the first companies in the petroleum sector in South Africa to implement a BEE transaction with the Mineworkers Investment Company (MIC) and WDB Investment Holdings/WDB Fuel (WDB).

BPSA’s previous ownership structure was advantageous to both BP and the former BEE shareholders.  However, consistent with BEE legislation changes, BP has deepened its equity ownership structure to ensure a greater balance between economic and voting interest, which BP believes provides more sustainable transformation for the future.

BPSA has sold 25% + 1 share to two BEE partners, namely KAPELA and the BPSA Education Foundation, a Broad Based Black Economic Empowerment Trust.

The Kapela BEE consortium includes the Disability Empowerment Concerns Trust, which is a majority black  broad based trust with over two million people with disabilities as beneficiaries (at least 85% are black and 50% are women), as well as a majority black owned and managed private equity firm.  Kapela acquired a 20% +1 share and the BPSA Education Foundation acquired 5% of BPSA’s shares.

Mr Israel Skosana, Kapela Executive Chairman says:  “We are excited to be a shareholder in BP South Africa.  The acquisition of 20% + 1 share is a significant investment for us.  We are looking forward to partnering with the BPSA Education Foundation as shareholders, other members of the board of directors and management of BP South Africa in creating value for all relevant stakeholders. Together we can continue to contribute towards the socio-economic transformation of our beloved country. Ms Fatima Abrahams and I will be on the Board of Directors of BPSA”

The transaction was concluded after a competitive process where every bidder was treated in a fair and transparent manner.  The partners (MIC and WDB) were invited to participate in this process and during this time elected to extract value from their existing investment, enabling BPS’s new BEE structure. 

Mary Bomela, Chief Executive Officer of the Mineworkers Investment Company (MIC), noted: “Our sale of equity in BPSA was motivated solely by value considerations.  We have been invested in BPSA for over 10 years, and the relationship between BPSA and MIC has been mutually beneficial and remains affable. Our investment in BPSA has consistently performed to expectations. BPSA is a dynamic business with strong management and good future prospects. We wish the company and its new partners well in its future endeavours”.

Thandi Orleyn, BP Southern Africa Chairman, says:  “BPSA has a measurable track record in Broad Based Black Economic Empowerment and the announcement shows our continued commitment to South Africa’s transformation agenda and progress made in deepening various parts of our transformation.”

Through the BPSA Education Foundation, BPSA will contribute in meaningful and sustainable ways to enhance the standard of living and improve the well-being of previously disadvantaged, specifically black women and people with disabilities, through education and skills development.  This aligns with BPSA’s existing Community, Social Investment (CSI) as well as Skills Development programme.

Within Skills Development BPSA has established a progressive partnership with Wits on a Targeted Talent Program (TTP) and is investing R105 million over five years with R15 million spent in 2014 alone to enrich the lives of just under 1,000 students.  At its core, this enrichment program identifies talented pupils in underprivileged rural areas and guides them through specially developed engagements over a long term period (2 – 3 years) to prepare them for their final matric exams and for transition into the University environment.

The program has already produced some of South Africa’s top matriculants with 900 more pupils expected over the programs 6 year run.

Join in the conversation on LinkedIn
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email Copy Link
Join in the conversation on LinkedIn

Join us on Socials

Issue 114 Out Now

Africa Outlook Magazine Issue 114 Panel

Popular in Africa Oil & Gas

Uganda Chamber of Mines Intro Main
Uganda Chamber of Mines & Petroleum : Spotlight
6 Min Read
Ponticelli Angoil main
Ponticelli Angoil : Oiling Up Angola
11 Min Read
MAIN Puma Energy Africa
Puma Energy : Energising Communities
15 Min Read
BP plc British oil and gas company logo, brand signage, gas station signpost
bp Ghana : Embracing a New Era for Energy
4 Min Read
Petromar MAIN
Petromar : 40 Years of Excellence in Fabrication and Maintenance
10 Min Read

Current Africa Outlook Issue

Defy Appliances MAIN
Defy Appliances : Elevating the Domestic Equipment Experience
7 Min Read
Manufacturing
Sulzer SA main
Sulzer South Africa : Powering Partnerships Beyond Pumps 
6 Min Read
Manufacturing
0 Master Drilling MAIN
Master Drilling : Breaking New Ground in Innovation
5 Min Read
Mining
Denya Developers MAIN New v
Denya Developers : A Design Vision – From Concept to Creation
5 Min Read
Construction
Modi Mining MAIN
Modi Mining : Rooted in Mining
4 Min Read
Mining
Cimencam MAIN
Cimencam : Cementing a Place in History
4 Min Read
Manufacturing
LafargeHolcim Cote d'Ivoire MAIN
LafargeHolcim Cote d’Ivoire : Cementing a Sustainable Future
6 Min Read
Manufacturing
Teamwork, technology and research in laboratory for analysis
Life Bay View Private Hospital : A Beacon of Excellence
3 Min Read
Healthcare
NamWater MAIN
NamWater : Water For All, Forever
5 Min Read
Energy & Utilities
NewSpace MAIN
NewSpace Systems : Rocketing to Success
4 Min Read
Manufacturing
Rawson Developers Main
Rawson Developers : Building Homes, Designing Lifestyles
5 Min Read
Construction
Namibia Medical Care Main
Namibia Medical Care : Making Health a Priority
6 Min Read
Healthcare
Trinity Metals main
Trinity Metals : Enabling a Better Future
6 Min Read
Mining

Most Read on Africa Outlook

South African Medical Technology Industry Association (SAMED) main
South African Medical Technology Industry Association (SAMED) : Spotlight
10 Min Read
Industry Spotlights
Bauba Resources Main
Bauba Resources (Pty) Ltd : Telling a New Story About Mining
14 Min Read
Mining
Yalelo Products Main
Yalelo Zambia : Breaming with Success
5 Min Read
Food & Beverage
WCE Consulting Engineers Main
WCE Consulting Engineers : Multidisciplinary Masters
4 Min Read
Construction
MAIN Zambian Breweries
Zambian Breweries : Cheers to Zambian Beers
4 Min Read
Food & Beverage

You May Also Like

An underground loading machine carries a full bucket of ore. © istock/ukwazi
Mining

Ukwazi : Integrated Operations That Empower Cohesiveness

Printing SA Main
Industry Spotlights

Printing SA : Spotlight

Turner & Townsend MAIN
Construction

Turner & Townsend : Transforming Africa Together

My Africa Outlook

  • Subscribe Free
  • My Bookmarks

Join us on:

Africa Outlook

  • About Us
  • Meet The Team
  • Work For Us
  • Contact Us
Outlook Creative Services
Outlook Publishing

Work With Us

  • Work With Us
  • Testimonials
  • Media Pack
  • Event Media Partnerships
  • Creative Services
Africa Outlook MagazineAfrica Outlook Magazine
Follow US
©2025 Outlook Publishing Ltd. All Rights Reserved.
  • Terms and Conditions
  • Article Licensing Policy
  • Cookie Policy
  • Privacy Policy

We use cookies to ensure your best experience on our website. If you continue using our website, we'll assume you agree to our cookie policy