Key facts
- Roadside Real Estate aims to have over 100 petrol station sites.
- The company plans to achieve this expansion within the next two years.
- Roadside Real Estate was formerly known as Sovereign Mines of Africa.
- CEO Charles Dickson believes petrol and diesel cars will remain dominant for at least a decade.
- The company is expanding its portfolio of petrol stations.
Roadside Real Estate, a company previously known as Sovereign Mines of Africa, is embarking on an aggressive expansion strategy for its petrol station portfolio. The company's objective is to establish more than 100 operational sites within the coming two years. This expansion occurs amidst the ongoing energy transition and the increasing adoption of electric vehicles. However, CEO Charles Dickson expresses confidence that traditional petrol and diesel-powered vehicles will maintain their dominance in the market for at least the next ten years. Dickson's outlook suggests a continued demand for fossil fuel-based transportation, underpinning the company's growth plans. Roadside Real Estate is actively working to increase its number of locations to meet this projected demand.