Following up on our recent announcement regarding the establishment of our South African subsidiary, Ennero is proud to announce that Vuyo Matshaya has joined the group as Regional Manager – Africa and will serve as Managing Director for Ennero SA Pty. Ltd. Operating between our Johannesburg and Cape Town offices, he will lead Ennero SA’s day to day operations while implementing the groups Africa strategy by managing existing and future regional clients.

At the forefront of his mandate, a particular focus will be placed on delivering turn key solutions to mining, utility, agriculture and manufacturing customers. A 20-year industry veteran with the likes of Total SA, Rio Tinto, Vedanta Resources and Eskom, Vuyo brings a wealth of technical, commercial and operational expertise.

The Ennero Group is pleased to announce the establishment of Ennero SA Pty Ltd., a corporate subsidiary headquartered out of Cape Town, South Africa with a satellite office in Johannesburg. In line with our 2019 group strategy, Ennero SA will seek to develop and serve existing clients across the Marine Fuels, Mining, Heavy Industry & Agriculture space.

Company Statement – Karim Al Alami, Director:

“South Africa has always been on our radar in terms of growth opportunities for the group. The revitalization of commodity prices across various industries and our positive view on the South African business landscape cemented our decision to expand our footprint. Ennero SA will not only serve South Africa but also provide us a strategic presence and logistical advantage across the African continent. Driving our Corporate Social Responsibility policy through Black Economic Empowerment, Ennero SA will place a special emphasis on local content by operating as a Level 2 contributor.”

Contact Details:

Spaces, 50 Long Street, Cape Town, South Africa, 8000 or find us on LinkedIn

Shipping Market Briefs

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‘Resistance to change’ is the action taken by individuals and groups when they perceive that a change that is occurring as a threat to them.

Discussions within the shipping industry on disintermediation, incorporating automation and technology are growing and getting louder, and even louder are the knee-jerk reactions of traditionalists who remind you that it’s a relationship-based business and that a robotic touch can never feel as good as a human touch.

The purpose of this blog is not to merely talk about more of the same, but rather dwell a little deeper into this phenomenon called ‘Resistance to change’. A lot of the technology required to automate systems and processes in the shipping industry is already available and has been for many years now.

The Financial Times concluded that once upon a time Morgan Stanley, one of the original “wall street refiners” was one of the largest shippers of fuel oil to New York Harbour. Deutsche Bank held enough aluminum to build 30,000 jumbo jets, BoA-ML leased around 16 billion cubic feet of natural gas storage in the United States while JPMorgan helped ship Brazilian sugar to buyers around the world. The world of physical commodities was one that the big banks adored and the race for dominance was underway. JP Morgan and Morgan Stanley led the charge with reactionary investments from Goldman and many others. Enter the global financial crisis. The banking commodity honeymoon came to a screeching end but subsequently opened an entirely new opportunity for the versatile commodity trader. The “Credit Tree” was formed and privately-owned commodity firms with healthy balance sheets were ripe for success. Fast forward to 2018 and the top 5 trading giants have morphed into quasi banks with clear dominance across the commodity food chain.