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The 2014 SAPRA national road show kicked off in Kimberley and Bloemfontein on 29 July 2014 and the members who attended were well informed on a number of important matters that impact fuel dealers. Including;
– fuel pricing;
– national sales figures;
– industry developments;
– proposed changes to WACC (Weighted Average Cost of Capital) that stems from RAS (Regulatory Accounting System);
– BEE transformation; and
– confirmation of elected Sapra Regional Committee members.
The sessions were very successful with participation of over 30 members in each town. The objectives of the road-shows are to communicate the progress made on the strategic objectives of the association. These strategic objectives are decided and agreed upon by our National Executive Committee (NEC), and provide a focus and dictate the activities of the association for the ensuing year. These include membership growth, cost containment, regulation and compliance, as well as B-BBEE and alignment with the Liquid Fuels Charter, to mention a few.
The expected outcomes of the road shows, amongst others, is to get input from members on the focus of the association as well as to get first-hand information from our members of challenges faced in their day to day business of running a service station. In this round of road-shows we provided our members with developments in the Regulatory Accounting System (RAS), as well as the alignment of the B-BBEE sector codes with the Liquid Fuels Charter. These issues are of critical importance as the proposed changes to the newly implemented RAS model have serious and detrimental impact to the retailer margin. Inputs received from our members were very constructive and will assist us in shaping our journey forward.
A breakaway session was held in Kimberley and Bloemfontein, focusing on the members that are serviced by a Branded Marketer of Chevron. Various inputs were received which outlined serious challenges. Recommendations were brought forward and areas of intervention identified. Time is of the essence and we have committed resources to fight this cause for our members and to assist them in resolving the matter in an amicable way. The livelihood of the businesses of our members is being threatened and we shall ensure that systems are put in place to ensure a resolution of this situation.
The road-shows provided an excellent networking atmosphere for the retailers as they realised that they have similar challenges and share common interests.
We wish to encourage our members in other provinces town to attend and fully participate in the upcoming sessions.
Further roads shows are planned and detailed as follows:
Date: 19 August 2014
Venue: RMI Offices
44 Essex Terrace
Date: 19 August 2014
Venue: 27 Pipefish
Meerensee, Richards Bay