Improve your service station efficiencies

FNB to host inaugural Fuel Forecourt Forum

FNB will host the inaugural Forecourt Forum, a first in South Africa where fuel stakeholders and industry leaders will meet to discuss and debate the fuel landscape. The event will take place in Umhlanga today. 

Ronél Fester, FNB Franchise Fuel Specialist says, “ There are approximately 4 600 forecourts or service stations in South Africa and the fuel industry has remained solid despite recent challenging economic conditions. The Forecourt Forum provides an opportunity for stakeholders to discuss how best to improve their service station efficiencies. At the end of the day, we’re here to assist retailers achieve their financial objectives of return on investment and return on assets.”

The inaugural Forecourt Forum is hosted in partnership with Traderite, a ‘Best Practices’ service provider to the South African Fuel Industry. 

Ray Maingard, Director of Traderite says, “The fuel industry remains  one of the major contributors to the South African GDP. In recent years, there have been a number of challenges for service station retailers to run sustainable, profitable and viable businesses. The proliferation of service stations, regulated retailer margins on petrol and volume performance are just some of the challenges that have created concerns about the survival of individual service stations. We hope the Forecourt Forum will help individuals navigate the road ahead.”

The South African Fuel industry remains a vibrant sector to work in and forecourts in particular are affected by a number of issues. Speakers at the Forecourt Forum will discuss issues ranging from the treatment of Hazardous Waste, Energy Usage and Labour Resources. 

“Competition is fierce and organisations will need to keep standards at the highest level possible in order to retain and grow market share. We hope the Forecourt Forum will grow from strength to strength and become an annual fixture in the fuel industry’s calendar,” concludes Fester.