Shell has confirmed that it is still engaged in the sale of its downstream assets in South Africa, which include a network of nearly 600 petrol stations. If the sale is ever concluded, it would mark the end of well over a century of Shell petrol stations operating in South Africa.
In 2024, Shell said in a statement that it has decided to reshape the downstream portfolio and intends to divest its shareholding in Shell Downstream SA (SDSA).
The company said at the time it wanted to reduce its downstream exposure globally to focus on its upstream business, exploration and the extraction of crude oil, natural gas and natural gas liquids.
Almost two years later, there has been no update or announcement on the sale of Shell’s assets in South Africa. However, SDSA confirmed to BusinessTech that it is still in the process of selling those assets.
“Shell Downstream South Africa (SDSA) confirms that the divestment process remains underway,” they said.
Full story End of an era still coming for 600 petrol stations after 124 years in South Africa – BusinessTech
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