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Finweek English Edition - - COVER STORY -

re­tailer. The ex­per­tise and busi­ness acu­men of the fuel re­tailer is very im­por­tant be­cause ser­vice sta­tions over the past few years be­came sub­stan­tially big­ger busi­nesses than 20 years ago. Some sites have over 100 staff em­ployed on the fore­court, con­ve­nience store, quick ser­vice restau­rant, car wash and bak­eries.”

The fuel in­dus­try is a reg­u­lated in­dus­try un­der the Depart­ment of En­ergy. Each site is is­sued with a site li­cence spe­cific to that site. This is sup­ported by a re­tail li­cence au­tho­ris­ing the fuel re­tailer to trade fuel. Not even oil com­pa­nies can man­age ser­vice sta­tions due to leg­is­la­tion and pro­hi­bi­tion of ver­ti­cal in­te­gra­tion. A prospec­tive fran­chisee needs to know their oats. But Absa pro­vides sup­port through its fran­chise and fuel in­dus­try di­vi­sion and ex­ten­sive re­la­tion­ship ex­ec­u­tive net­work across the coun­try.

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