PEG Retail Operations opened its first service station in 2016. In a few short years, we have expanded our footprint to a significant presence in the Western Cape, as well as parts of the Northern Cape, Eastern Cape, Limpopo, Gauteng and the North West. We are constantly on the look-out for additional opportunities to grow our network in support of our ambitious strategy. Our strategy is built on providing a full retail fuel service, including convenience stores and quick service restaurants, using a multi-partner approach for supply with a strong focus on building solid partnerships and enduring relationships.
Ownership and Governance Structures
PEG is a leading multi-branded fuel and convenience retailer in South Africa with 84 service stations in its network and almost 50% of our retail network alongside national highways.
Agrimark Operations Ltd is the majority shareholder in PEG. Bourbon Investment Holdings (Pty) Ltd holding has the second largest shareholding in PEG. Lionshare Energy (Pty) Ltd was one of the first external B-BBEE investors in PEG, currently holding the third largest shareholding in PEG.
Red Navona Properties (Pty) Ltd and Empowerment and Transformation Investments (Pty) Ltd are amongst the smaller minority B-BBEE shareholders in PEG. The KAL Trust owns 100% shareholding in Empowerment and Transformation Investments (Pty) Ltd.
PEG Retail Operations is well-positioned as a leading black owned fuel retailer with 51% direct black ownership. The business has established a diversified retail fuel operations business making it the forerunner in transformation in this downstream retail fuel sector. This positioning is unique in the industry and will unlock new opportunities for sustained growth.
As part of the KAL Group family, PEG can leverage shared services from within the broader group. KAL Group’s extensive supply chain and logistics infrastructure, human capital, financial and accounting support functions along with the maintenance of instore technologies, ensure that we are well-positioned to keep our customer and business partner needs and expectations top of mind whilst operating with agility.
We are proud of our efforts to empower our employees through the KAL Trust. Employees are supported with access to housing loans as well as education-related grants. Through ownership via the KAL Trust, our employees can benefit from our growth journey.
Strong Leadership
Our Board of Directors, which is led by an independent chairperson, is responsible for the strategic direction and oversight of the company and generously contribute their passion, time and experience to PEG’s governance. The diversity and skills of the Board ensures that PEG is steered to deliver growth to all our stakeholders. Our Board of Directors work closely with our leadership team to ensure we stay on course to deliver our growth strategy.
Our Way of Doing Business
The difference we make to our customers, business partners, staff and communities is what drives our behaviour. We strive for all our stakeholders to be better off because of our existence, and we are relentless in our pursuit to ensure that we remain “a place where people still count”.