BEE Shakedown of Shell? | Is Shell divesting from South Africa after 122 years?
BEE Shakedown of Shell? | Is Shell divesting from South Africa after 122 years?
What is going on in South Africa? Is Thebe Investment simply seeking to cash out its $73 million investment in the 28% stake of Shell South Africa’s downstream business now owned by its new parent BBT? Or is there something else going on here? You decide as I unpack the facts.
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What are the chances Russian (Gazprom) might swoop in once all these Western energy corps move out?. Seemingly the Russians are also involved in a gas pipeline project from Mozambique?, I think… routed for South Africa.
It may be posdible cANCer tring to cash in before election in case they lose control. I dont trust elections in Kafrica either. Either way .. we are screwed.
BEE is why South Africa can't have nice things. Anti white racism should not be rewarded.
They also leaving Germany Norway
An election is coming up n so the ANC is desperate for money to print election posters, etc.
Thank you Colonel for clearing all the information.
An intresting point is that the environmental warriors went to the local black communities for support against exploration.
Telling them they won't benefit from it and that the exploration would anger their ancestors.
So much for pushback being a form of apartheid. 😂
Licensed to steel.
Ramadoos.
ANC the biggest crime organization in South Africa
Is ou Shell nie die klomp wat die Karoo wou besoedel het met skallie gas storie nie, en wat ook in die Oos Kaap kusgebied ons see lewe wou venietig het nie?? – Laat hulle gaan-baai
Ja so sal als tot niet gaan asgevolg van dom bliksems wat is volgende
The cANCer makes the FIVE FAMILIES of NEW YORK look like amateur's when it comes to EXTORTION.
REGARDS FROMSOUTH AFRICA.
Gangsters can’t govern a country that’s why SA is moer toe…!!
ANC why dont you get out of SA you and EFF is the biggest problem we got in SA ( You're going to let SA burn
Good thing us whites are leaving. Now you have full black power. As always. Everything in the dark
Well done anc and bee. Ramapoesa.yes poesa
Hello
South is a corrupt country since this BEE thing was implemented and the black ANC took the reigns.
Your pronunciation of African names is very good.
SA should have shifted its focus to Brics shortly after signing up to the pact, if they wanted to gain + support Brics. But they kept the west as main trading partners. Just to land up in a pressure cooker between the west + Brics. How clever is that?
Sad when ur politicians let go of the technology to refine fuel just when oil + gas are discovered. But it is what it is, with these anc Einsteins.
Did they try to trick Shell into more money than they deserve, just like theyve been doing to SA taxpayers, consumers + the poor? Time will tell, but the Russians + the Chinese will be more disciplined than western multinationals bribing their way into profits. The anc + their cronies better ship up or ship out, before these strong economies crack down on their immature tricks.
Squirrel is a fake. I am one that has known this for quite a few years now. Cheers Chris for your work. Much appreciated.
I certainly am not surprised as the ANC led government always tags onto things that make good money and then kills the very same goose that lays the golden egg. It's a fact. Not one thing the government is involved in directly or indirectly makes money. The only ones making sre those elitists of the ANC who enrich themselves thru blatant corruption
what equity did the BEE partner put into the business?
The only shake down happening is a million times by the BEE partner
Trying to sell shares that they were given ?? Stinks of illegality
There's rumours that Sasol is also pulling out 😮
No Secret that he ANC has no money, SA foreign Policy is for Sale, they need money to Crook the upcoming elections,
How much did they pay for the 28% stake?
Well known ANC…..smoke and mirrors to get their hands on money, ANY MONEY! Because they do not care about the country, its people or the future of the country!. The ANC mantra: "If there is no money in it for US, veto the deal and ruin the country". They are only in it for immediate self-gain. Watch what else they will come up with in these last six weeks leading up to the election.
In due course, the ANC will reap their very own evil agendas thry are implementing!
People were speculating that this may indicate that the ANC intend to buy oil from Iran, given that Iran is in the middle of potential WW111 it sounds like a typically ill conceived and poorly considered decision
now they busy shaking down the estate agency industry
Never underestimate the greed of a communist.
Very true and informative report.
It has always been ANC party first and country last
These 'investment vehicles' of the ANC are inherently corrupt. It results in a conflict of interest between the regulator and the business. Basically, the licensor is a partner in a licensee. It is a contravention of the US's Foreign Corrupt Practices Act, who's jurisdiction extends beyond US territory if some financial link to the US can be established. Hitachi Africa paid a $19 million 'no contest' fine to the SEC for a similar corrupt relationship between Hitachi and another investment vehicle of the ANC, Chancellor House, for the disastrous construction of the Medupi power station that still doesn't work. Here the customer, the supplier, and the regulator were all partners. Shell's parent company's shares are traded as ADRs on the NYSE, so the SEC would have jurisdiction also. I hope Shell doesn't get away with it, but I know the ANC probably will.
I can explain the unround 28% stake. It was probably 30% at the onset, but somewhat diluted with further issues to employee shareholding schemes etc. In South Africa, a shareholding of 25% or more usually gives you power to veto certain resolutions.