Liquid Fuels Wholesalers Association of South Africa’s CEO, Peter Morgan, says Shell’s exit from the country is unlikely to lead to mass job cuts and the closure of its petrol stations.
During an interview with Cape Talk, Morgan said Shell would probably follow the same approach it has taken in other African countries.
This would involve leaving a smaller sub-brand, Viva, in the country, where it will retain a percentage of ownership in its petrol stations.
According to Morgan, people need not worry because the company is not planning to shut down its retail network.
This means the roughly 600 forecourts and the jobs they provide are not immediately at risk, and the sites are not likely to close down entirely.
Morgan explained that the smaller sub-brand called Viva would likely be 80% owned by any given partner, while Shell would retain 20%.
In summary, Shell is not closing the service stations and going away. “This is a common pattern with all the oil majors throughout Africa.”
Full story at What will happen to Shell petrol stations in South Africa – BusinessTech
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