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 in South Africa.
Recent press reports claim that there have been disputes regarding the separation, between Shell and the Thebe Investment Corporation, which owns more than a quarter of the business. The multinational oil and gas company has its headquarters in London, and has more than 100 000 employees in more than 70 countries.
SABC News Correspondent John Bevir (Beaver) reports.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

[@davidcroft7529]

they couldnot secure the rights ti frack our Karroo area, since they tried their customer base dropped considerably i think,profits mus t have dropped

[@sindisoparker1154]

Shell can leave us in peace

[@khayablack3305]

Yes they must go!

[@user-eb7wv5wt3j]

True they don't employ white people so they can Fotsek!! wena !!

[@mannyferrao1013]

Yes and leave 1000s of people unemployed, 😂

[@zazzleq6139]

Thank you. As Khoisan, we’re very proud of this govt effort to remove them from African land.
Africa for Africans

[@user-eb7wv5wt3j]

@@zazzleq6139 But Khoisan have Nothing

[@user-kl4pw6mn5d]

The pictures from 1:15 are not even in souf efrika

[@ianduplessis7892]

Another great ANC action.

[@nnn8502]

Nothing to do with ANC, shell is moving to EVs.

[@ianduplessis7892]

@@nnn8502 oh plenty. Have you heard of that grift of the ANC put in politically correct terms of BBBEE?

[@louisoost121]

@@nnn8502 you a special person for sure

[@khayablack3305]

​@@ianduplessis7892Incase you didn't know we're also tired of European ownership of 70% farmland as much as you're tired of BEE. You vote Anti-BEE parties we vote Pro Land Expropriation Without Compensation parties ♥️

[@ocayaro]

Rubbish. It seems Africa has enemies hiding in plain sight in the form of Shell et al. Count yourself in.

[@peterroberts2952]

Russia, Iran, Saudi Arabia come on in.

[@khayablack3305]

Yes it's time ❤

[@mannyferrao1013]

😂😂😂😂Who wants to invest in south africa?

[@limpopoRiver]

​@@mannyferrao1013russia does....brics country want to invest!!!

[@zazzleq6139]

@@khayablack3305as Khoisan, we cannot wait to change the name of Cape Town.
There will be no stellenbosch name on Khoisan land.
We will be restored as the most high promised.

[@cloudstrife8791]

Their tired of BEE. Elon musk was smart. More should follow this example and put BEE at the forefront of reasons to leave.

[@thato596]

South Africans never said they wanted elon musk

[@cloudstrife8791]

@@thato596 Never said we do we wanted starlink elon supplied. Elon was smart to avoid SA bcz the apartheid black government demanded 30% black shares. He gave them the finger.

[@janmoolman]

​@@thato596if he can give us job opportunities I say yes to Elon

[@headhonchotheone9041]

We never wanted Elon musk you bozo

[@headhonchotheone9041]

And we also don’t need shell

[@siyabongamngomezulu9743]

Mabahambe

[@moetimalesela3253]

They must leave other oil companies will occupy their space

[@peacefulheart1431]

More R370's 😂 Ramaphosa is hiding his dollars in the mattress 🇿🇦

[@tumelo3972]

😂😂😂😂😂 ish this is bad.

[@siyabongajacobdlamini1764]

This green energy.

[@michaelmitchell8567]

Makes sense!

[@kingzim-df7oj]

Sasol 🎉

[@ndedema1]

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

[@richardmandulo]

They are tired of the ANC BEE scam

[@peacefulheart1431]

Please, provide an income for the workers...share your salary, please.

[@joecruiser]

KakMan.
🤣

[@ianduplessis7892]

Do you have a brain? Do you just push slogans . Are you incapable of thinking something through without slogans?

[@khayablack3305]

​@@richardmandulo Stop lying, it's mostly European South Africans that have a problem with BEE. Shell is divesting due to its business problems. Incase you didn't know we're also tired of European ownership of 70% farmland as much as you're tired of BEE. You vote Anti-BEE parties we vote Pro Land Expropriation Without Compensation parties ♥️

[@SuperVolsung]

lots of Neo South African cope in these comments already lol

[@moegsienwaries1967]

Let them leave like all of them should we belong to Bricks so lets get Russia, China, Iran & the Saudi’s on board

[@mxolisizuma2511]

Mina i love u Jabulani khumalo my King But I'm Voting uMsholozi viva MK. Well done king for telling Khumalo the truth about J G M Zuma

[@SitDownAndListenWithMe]

Wrong TH-cam channel 😂😂😂😂!!!!!!

[@shopekassie]

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.