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Showing posts with the label Fuel industry

Four trends shaping the fuel retail sector in SA

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Ronél Fester With over 4 600 fuel forecourts currently in operation and more expected in the future, this industry is rapidly growing as a key driver of revenue for fuel stations in South Africa.  Ronél Fester, FNB Franchise Industry Specialist, says the success and profitability of fuel forecourts lies in their ability to understand and meet the ever changing needs of consumers, while conveniently providing them with exceptional service at any time of the day. Even in the toughest economic conditions this business model has proven to be successful for service stations. For instance, convenience shopping currently allows consumers to fill their petrol tanks, buy coffee, muffins or even fresh fruits while on their way to work. This gives fuel retailers a competitive edge and the opportunity to penetrate a growing market.  “As more retail brands invest in this concept, competition has increased, leading to a battle for market share. Therefore, fuel retailers should constantl...

Improve your service station efficiencies

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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 cont...