South African Parliament Expresses Concern Over Shell’s Divestment Decision

The chairperson of the South Africa Parliament’s portfolio committee on Mineral Resources and Energy, Sahlulele Luzipo, has expressed concern at Shell’s decision to divest from South Africa. The British multinational oil and gas company is reshaping its portfolio and will divest its shareholding in Shell Downstream South Africa. Shell operates about 700 service stations in the country. Luzipo says any company leaving the country at a time when investment is needed is a pity and a concern.