Shell | Multinational oil and gas company plans to divest shareholding in Downstream SA

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Shell | Multinational oil and gas company plans to divest shareholding in Downstream SA


Energy giant Shell has announced plans to exit South Africa after more than 120 years in the country. In a statement released on Monday, Shell says it plans plan to divest its shareholding in Shell Downstream SA and that the decision had not been taken lightly. The statement confirms rumours that had been growing about the future of the company…

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24 Comments

  1. I wonder why you are making a mountain out of a mole heap. Shell is going to sell these franchisees as a going concern. Anyone can buy these Petrol station because Shell has their financial statements. You only need an uncle in the banking business. No jobs will be lost.

  2. Every western company divesting from SA is a blessing. Funny how these thieves want to continue looking for oil. Block Shell altogether from SA.