Masana is a unique symbol of transformation and growth within the South African fuel industry and within the broader economy. Masana was born in May 2005 out of pursuit of the vision set by three partners: Mineworkers Investment Company (MIC), WDB Investment Holdings (WDBIH) and BP Southern Africa. The partners firmly believe that BEE is about creating a sustainable, diverse and competitive economic climate that reflects the cultural constitution of South Africa.
In a first for the fuel industry, BP, a multinational company, retains only 45% equity of this joint venture. MIC and WDBIH own 35% of Masana, while the remaining 20% is owned by management and staff together.