Discussion | Shell's Exit

JOHANNESBURG - This week, oil giant, Shell, decided to divest their shareholding in Shell Downstream South Africa.

The Liquid Fuel Wholesalers Association says there are a number of reasons Shell decided to exit.

This includes, operating costs exceeding revenue in South Africa over the last few years.

Peter Morgan, CEO of the Liquid Fuel Wholesalers Association of South Africa spoke to eNCA in the video above.