Page 26 - Logistics News - August 2021

REFUELLIN G SO L UTI O N

New partnership benefits transporters

Cash flow relief is in sight for the hard-pressed road transport industry as a new partnership allows
transporters to refuel on credit at cash fuel prices.

n a first for on-road truck refuelling in South Africa, the Standard Bank credit solution, transporters get the
transporters now have access to a credit solution with same benefit at point of sale (e.g. diesel rebates) as with the
I the cost benefits of cash refuelling, but the convenience prepaid solution.
and control that go with credit.
Ferreira says its network of independent and franchised
The new refuelling solution is the brainchild of retailers are located on national and provincial roads across
Standard Bank Fleet Management and Truckfuelnet, one South Africa, with cross-border suppliers in Botswana,
of the biggest independent on-road refuelling companies Mozambique, Namibia, and Zimbabwe.
in southern Africa. The partnership is intended to assist With this groundbreaking technology, trucking
trucking customers take control of their fuel spend by companies can experience the following on-road refuelling
combining Truckfuelnet’s all-in-one refuelling management benefits:
system with the ultimate solution in the petroleum industry • Schedule refuelling orders; SMS orders for quick refuelling;
– best on-road refuelling price with the option of a credit select suppliers with best zones and prices where trucks can
facility at Standard Bank. refuel; set the rules for refuelling; authorise refuelling from
the mobile app; view refuelling transactions and account
balances from the mobile app.
• Immediate real-time transaction reporting on all
transactions.
• Detailed account and transaction reporting on all
transactions per supply site, truck, and driver.
• Comprehensive functionality to administer and manage
subcontractor refuelling, account status and credit limits.
• Add trucks, authorise transactions and manage truck
refuelling rules from the comfort of your customer
dashboard.
• 24/7 Call Centre to assist with any refuelling query or
customer service.

“Standard Bank Fleet Management is constantly
exploring ways to lighten the financial load of the
transport industry, which has been facing a barrage of
“Transporters are under enormous cost pressure from cost increases, not just for fuel but also levies and tolls,
a multitude of factors, one of the largest being high and insurance, mechanical wear and tear as a result of poor road
ever-increasing fuel prices. This on-road refuelling solution infrastructure, and more,” says Thomas. “We understand
integrates the best of both worlds, cash and credit, so that the pressure trucking companies are under to manage their
transporters can obtain some much-needed cash flow relief,”
costs and this is the primary purpose of our partnership with
L O GI S T I CS NEWS Bank’s Fleet Management Services. partnership between Standard Bank Fleet Management
says Justin Thomas, Head of Strategic Alliances at Standard
TFN.”
For more details about the all-in-one refuelling
John-Stephen Ferreira, CEO of Truckfuelnet (TFN),
elaborates that the TFN prepaid solution placed a burden
and TFN, visit the solution website at https://tfn.co.za/
on transporters’ cash flow during the month. Now, with

24 A U GU S T 2021 creditfacility/. • www .l o g ist i csn e w s .c o .z a