By Staff Reporter
Theo Mphosi, the CEO of Global Oil South Africa who died last week has been laid to rest. Theo died on Sunday the 5th of June 2022; he was 40.
Mphosi was the CEO of the Limpopo based black-owned Petroleum company which boast of 85 fuel stations around the country.
The young businessman played a huge role in developing the South African oil company and he was also the owner of MTR construction.
The family of Theo Mphosi did not confirm the cause of death, however, a source close to the family said he died after being operated on and diagnosed with cirrhosis of the liver.
Theo is the son of John Mphosi who is the chairman of Global Oil South Africa.
According to its website, Global Oil SA is a fuel retail group that operates across South Africa. The company owns a vast fleet of tanker trucks that service their fuel stations around the country.
The family-owned business is a force to reckon with in the market previously dominated by major refining oil brands.
It is the largest 100% black owned and proudly South African fuel retail brand.
The oil company is also known for its sponsorship of Limpopo-based premier soccer league team, Baroka Football Club.
EFF Leader, Julius Malema regards Mphosi as the enterprenuer who understood multi-party democracy.
“Theo Mphosi was a young entrepreneur, who understood that for multi-party democracy to succeed, he needed to reach out to different political formations, and for that we are grateful,” he said
“Mr. Mphosi had a bright future, and his untimely passing, has dealt a huge blow not only to his family but the entire province of Limpopo. We weep with his family, and pray that his soul will rest in peace,” Malema said in a statement.
Mphosi was laid to rest on Saturday June 11, 2022 at his parental home village of Rheinland.
The Mayor of Blouberg Local Municipality Cllr Maria Thamaga paid respects to the family of the departed businessman.
Mayor Thamaga extended her deepest condolences to the Mphosi family and sang praises for the deceased for his voluntarily services in helping the needy in Blouberg Local Municipality.
“We are all mourning; we are deeply saddened by his passing. Blouberg Local Municipality has lost a soldier, a giver who was always there to give to the poorest of the poor, as you know many a residents in our locality are poverty stricken, Theo always heeded the call to assist bury those families without funeral insurance, feed and clothe the needy”.
Mayor Thamaga further indicated that, the municipality is greatful that the Mphosi family assured them that plans they had with the deceased for retail development in Blouberg will go ahead.
“As the municipality we are happy that boPapa(Mr Mphosi Senior) indicated to us that we should not worry and that the plans we had with him to build a shopping mall in Senwabarwana will proceed. During our sessions with him, he indicated that his plan was to empower locals in terms of job creation, more than he had already done. Young as he was, he has done a lot to our communities. A selfless businessman, a cheerful giver. He had run his race and he emerged victorius. To the family, God will comfort you. May His Soul Rest in Peace”.
The Executive Mayor of Polokwane Municipality, Cllr Makoro John Mpe who was representing municipalities in the Capricorn District, has described the deceased as a visionary and that they are there to give gratitude to the family for having given them a selfless life lived for hundreds and thousands of workers across the country who saw their bread buttered through the initiatives and through the investments the family has made.
“It does not matter how long you have lived but the impact that you have made. He has made an impact in building institutions, in building an empire in terms of business. We lack the kind of entrepreneurs like him, who believed in real development that touches others. Most of our business people today are those who work for themselves not for those who work for the future and the future generation to create intergenerational wealth”