Honesty, Integrity, Respect.
Living by our Principles
At PTA Petroleum, our core values of honesty, integrity, and respect for people guide every action we take. These principles are the foundation of our business, influencing every transaction and decision.
At PTA Petroleum, our core values of honesty, integrity, and respect for people are the foundation of our business principles and the bedrock of all our operations. These values are integral to every transaction, large or small, guiding the behaviour we expect from every employee at all times.
We recognise that we are judged by our actions, and our reputation depends on our adherence to both the law and our business principles. We encourage all employees to live by these principles or their equivalent, ensuring that our conduct consistently reflects our values.
It is the responsibility of our management team to lead by example. They must ensure that all employees are aware of and understand these principles, and that their behavior aligns with both the spirit and the letter of this commitment. To support the application of our principles, we have established a comprehensive set of assurance procedures. These procedures are designed to ensure that our employees fully understand the principles and confirm their actions are in accordance with them.
Management is also responsible for providing employees with safe and confidential channels to raise concerns and report instances of non-compliance. It is the duty of every employee to report any suspected breaches of the business principles to PTA Petroleum management, fostering a culture of accountability and transparency.
By living by our principles, we ensure that PTA Petroleum remains a trusted and respected leader in the industry.
Our Core Values
At PTA Petroleum, our employees share a set of core values that underpin everything we do: honesty, integrity, and respect for people. We also firmly believe in the fundamental importance of trust, openness, teamwork, professionalism, and pride in our work.
Our Business Principles
- Economic
- Competition
- Business Integrity
- Political Activities
- Health, Safety, Security & the Environment
- Local Communities
- Communication & Engagement
- Compliance
Responsibilities
PTA Petroleum recognises five areas of responsibility, and it is the duty of management to continuously assess and prioritise these responsibilities.
- To Shareholders:
Protect shareholders’ investments and provide a long-term return competitive with those of other leading companies in the industry. - To Customers:
Win and maintain customers by developing and providing products and services that offer value in terms of price, quality, safety, and environmental impact, supported by the requisite technological, environmental, and commercial expertise. - To Employees:
Respect the human rights of our employees and provide them with good and safe working conditions and competitive terms of employment. Promote the development and best use of their talents, create an inclusive work environment, encourage employee involvement in the planning and direction of their work, and provide channels to report concerns. Recognize that commercial success depends on the full commitment of all employees. - To Those with Whom We Do Business:
Seek mutually beneficial relationships with contractors, suppliers, and in joint ventures. Promote the application of PTA Petroleum’s general business principles or equivalent principles in these relationships, with the ability to promote these principles effectively being a crucial factor in decision-making. - To Society:
Conduct business as responsible corporate members of society, comply with applicable laws and regulations, support fundamental human rights in line with the legitimate role of business, and give proper regard to health, safety, security, and the environment.
B-BBEE Status
At PTA Petroleum, we are committed to fostering inclusive economic growth and transformation. We are proud to have achieved a Level 8 B-BBEE (Broad-Based Black Economic Empowerment) status, demonstrating our dedication to contributing to South Africa’s economic development and promoting equitable opportunities for all.