Mantashe blasts Shell and BP for shutting down Sapref

[Jan]

Shell and BP "greedy" for shutting down South Africa's biggest fuel refinery — Mantashe

Energy minister Gwede Mantashe has berated Shell and BP for their decision to pause operations at their South African Petroleum Refineries (Sapref) and consider selling the facility.

During Tuesday's debate on the 2022 state of the nation address, Mantashe said the decision threatened South Africa's plans to establish an upstream petroleum industry to support economic growth and meet energy needs.

 

[PCWARITM]

Greedy? You mean like your ANC Gwede?

 

[Polymathic]

Talk about arrogance

 

[RedViking]

What is he gonna do about it?

 

[elf_lord_ZC5]

Shame!!!

A usless politician, presuming to tell multi-nationals how to run their business.

Undermining his corrupt scheme, shame again.

 

[Lupus]

Lets see, lots and lots of red tape, non business centric attitudes and of course government wants to tell private companies who and how they hire people.

 

[now05ster]

Lets see, lots and lots of red tape, non business centric attitudes and of course government wants to tell private companies who and how they hire people.

Yip. That's about it.

 

[thestaggy]

Chickens are coming home to roost after nigh on three decades of failed ANC governance.

 

[KikzAzz]

The ANC can't even manage a SOE. All off them has been run into the ground. Just look at our railway system. Nothing left. Even the Blue Train had suspend operations. An now he wants to tell a private enterprise how they should be managed.

The reason for the current situation is because the ANC could not provide security and stability. They are to blame. Also the people involved in the looting. How many of the people losing their jobs where part of the looting brigade.

 

[noxibox]

I’m sure the ANC having plans to support economic growth comes as a shock to everyone.

No evidence the decision has anything to do with labour regulations either.

 

[Lupus]

I’m sure the ANC having plans to support economic growth comes as a shock to everyone.

No evidence the decision has anything to do with labour regulations either.

The ANC and plans? They haven't had a plan since 1988

 

[rvZA]

Mantashe said the “greed and arrogance” of “certain petroleum entities” that want to shut local refineries and import their product would cause job losses, cost the economy dearly, and lead to uncertainty of supply.

Sjoe.... Gwed's, you will now need to look at taxing the rich more to make up for the losses....

 

[ShaunSA]

Someone should blast Gwede... into the sun

 

[grok]

Calling them names lol, like that's gonna change anything.. Mantashe is such a whiney little bish.

Oh and..

“Energy security is critical for economic reconstruction and recovery, particularly for a developing economy like ours, that seeks to industrialise,” Mantashe stated.

If it's so important as you say, then explain to us why the ANC prevented Eskom from expanding capacity in tandem with our developing economy and then ran it into the ground?

 

[elf_lord_ZC5]

Calling them names lol, like that's gonna change anything.. Mantashe is such a whiney little bish.

Oh and..


If it's so important as you say, then explain to us why the ANC prevented Eskom from expanding capacity in tandem with our developing economy and then ran it into the ground?

Money in back pocket first, the the economy a very poor last ...

 

[system32]

Now if ZA was 30-50% electric transportation then who would care?

 

[rvZA]

Now if ZA was 30-50% electric transportation then who would care?

In its wildest dreams, SA will be lucky if it only gets 0.005% electric transport. These vehicles are too expensive, out of reach of at least 95% of the population. Maintenance are extremely expensive. Lack of charging capapcity, short distances one can achieve with these vehicles, time it takes to charge them, makes this not a viable option for a country like SA.

 

[rh1]

They simply did the cost vs benefit analysis, and decided it is not worth it anymore.

 

[TEXTILE GUY]

Mantashe said the “greed and arrogance” of “certain petroleum entities” that want to shut local refineries and import their product would cause job losses, cost the economy dearly, and lead to uncertainty of supply.

Rich, coming from the same folks who killed the textile industry because of their loyalty to Chinese imports, who killed the economy with power supply failures, who want to expropriate land, who caused an exodus of human capital, who allowed a trillion bucks to be stolen on their watch .....................

60 million people in SA and this POS is the best we can do for a minister ...................?

I would call him a d oos, but I never, ever, seen a box that thick ever.........

 

[rvZA]

They simply did the cost vs benefit analysis, and decided it is not worth it anymore.

Sometimes when a government interferes too much in the private sector, it kills the economy. As easy as that. It was always going to be a matter of time before these large companies close shop locally and move elsewhere to make money. South Africa is not the hail mary of the world. In fact, it offers very little. Many of these companies would have moved many years ago had it not been for the history of the country.