Cube Energy Solutions has been established as a solutions company offering unique services in the Oil Industry across Africa.
Our focus is to transform,develop, up skill and ensure equal access to finance and systems solutions, This will create a platform for sustainability to new entrepreneurs in the Wholesale and Retail Petroleum Industry which will ultimately create employment.
Cube Energy Solutions (Pty) Ltd - Registration no: - 2017/234312/07 is a newly formed ,Level 2 B-BBEE company. We have identified the need for various solutions and service support structures that are required in the Petroleum industry, specifically aimed at new entrants in the Fuel Wholesale and Retail sectors due to them facing obstacles such as:
• Lack of funding
• Lack of knowledge of their industry
• Lack of business acumen and mentorship
• Lack of market access, network access, etc.
A total of about 3000 Petroleum Wholesale licenses have been issued to date of which only about 12% are successfully operating either with a credit facility, a Credit guarantee or a Bank guarantee with the Oil Majors and or Macro Wholesalers.
80% of South African’s start-ups fail in the first 3 years, largely due to lack of support, no financing mechanisms and not having the required skills and understanding to successfully operate in the Oil industry. There is hardly any or very little mentorship and support for these new entrepreneurs in gaining business acumen.
We are aligned to the Strategic Objective Plan 2015 – 2020 of Department of Energy in that we are focused on transformation through skills development of new entrepreneurs in the Petroleum Industry, thereby supporting Government’s developmental goals.
Our focus is to create a platform of ownership for these new entrepreneurs and that such ownership would require the support and availability of people, with the right skills and relationships, to walk the path with them, overcoming the lack of knowledge and skills, finance and market access and ultimately creating employment.
