South Africa: Sasol to increase network by 200 stations
South African energy company Sasol is expanding its fuel retailing network to match its increase in production.
Sasol could add up to 200 sites to its current network of 400 sites in South Africa in order to enjoy better margins and take advantage of its fuel production capacity, reports Bloomberg.
Bongani Nqwababa, joint president and CEO of Sasol, explained the company is giving away margin by not having a bigger retailing capacity.
“To ensure we drive more of our own liquid fuel production through Sasol’s retail network, where we enjoy higher margins, we will continue to aggressively grow our liquid fuels retail footprint in Southern Africa. We will capitalise on our strong brand and existing cost advantage to achieve our retail fuels growth aspirations,” says Nqwababa in a press release.
In addition to the acquisition of as many as 200 sites, Sasol is also considering branding other fuel stations in South Africa.
