Women in Oil and Energy South Africa

WOESA Investment Holdings


WOESA Investment Holdings Limited (WIH) was formed in 2006 to invite individual, mainly black women, through a share offer to invest in WOESA Investments (Pty) Ltd. The WIH share offer began in December 2006 and closed during June 2007. WIH is therefore a broad based SA women company with national representivity with 1200 shareholders.

WOESA Investments (Pty) Ltd, the commercial vehicle of WOESA Sec 21, and WIH was set up to ensure financial sustainability and to facilitate and promote business opportunities for South African women in the Oil and Energy sector.


 WOESA Investment Holdings’ vision is:

As a company owned and managed by black women, WIH is committed to becoming one of the leading investor’s within the mainstream of the South African economy.


 WIH will ensure participation of women in business ventures by:

  • Becoming one of the leading investors into the mainstream of the South African economy, especially in the energy sectors


 WIH aims to achieve its vision and mission through the following objectives:

  • To create wealth for its shareholders by following sound and legal business practices
  • To promote and support the businesses in which WOESA Investments invests
  • To ensure women become active and real partners in the South African economy.

 Core values

  • To conduct business with a high level of ethics as espoused by the principles of Ubuntu and the King III Report on Corporate Governance in South Africa
  • To contribute to the empowerment of other women’s companies, organisations and groups through social responsibility endeavours.


WOESA Investment Holdings Ltd is currently 100% owened by individual shareholders.


Shareholding Structure of Individual members 



Broad Business Participation

WOESA Investment Holdings Ltd has positioned itself, to draw from the strength of all the provinces in South Africa.

WIH has formed strong relationships with leading black owned and women owned and managed companies in the Petroleum industry. Through these relationships WOESA Investments will be able to get support that is necessary to make a meaningful presence in all areas of the energy sector.

Financial Backing

WOESA Investments Holdings (WIH) was established to raise capital from individual WOESA members and individuals who are shareholders in WOESA’s member companies. Participation was made possible through a share offer, which opened on 13 December 2006 and again in July 2009, following a lodgement of 2 separate Prospectus with the Department of Trade and Industry (DTI).  

Investments held by WOESA Group of Companies

Please click on the links below to find out more about each project.

Held Directly By WOESA Investments 

Project Name

Sasol Inzalo Scheme

Nature of Project

Sasol BBBEE scheme to broaden ownership.

Nature of Participation

WOESA Holdings acquired 136 612 Inzalo shares at   a price of R366.00 per share. The total value at the time of the transaction   (March 2008) was R50 million. WOESA Holdings paid R2.5 million (5% of the   purchase price). The balance of the investment will be financed over a ten   year period from dividends paid by Sasol. 


Project Name

MTN Asonge

Nature of Project

To   achieve wider ownership of MTN

Nature of Participation

WOESA Holdings has acquired 1 354 shares in MTN   at a price of R73.84 per share – a 10% discount to the ruling price at the   time (August 2007).


Held Directly By WOESA Investment Holdings

Project Name

Bethlehem Hydro

Nature of Project

The building of two small hydroelectric power   generating plants on the Ash River near Bethlehem with a combined generating   capacity of approximately 6.4MW.

Nature of Participation

WOESA Investments is participating through a   special BEE entity named HydroWSA, being Hydro Women of South Africa.   HydroWSA has 37.7% of the project company with WOESA Investments holding   40.5% of HydroWSA (for an effective share of 15.3% of the project).The other shareholders in the project are   Renewable Energy Holdings Limited and Sunsur Financial Services Limited.


Project Name

Norconsult Iyanda

Nature of Project

Norconsult Iyanda is a subsidiary company of   Norconsult Africa, an organisation which specialises in Advisory and Engineering Consulting.

Nature of participation

WOESA Investments Holdings was offered by   Norconsult Africa (Pty) Ltd to purchase  52% stake in Norconsult Iyanda to be representative of a Black Women Owned company.


WOESA Partnerships

As part of its aim to remain sustainable, the WOESA Group has developed a number of companies with which to engage in the various projects namely:

  • WOESA Fuels and Oils
  • WOESA Power
  • WOESA Energy 
  • Sizalex
  • Hydrowsa

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