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Shell's SA exit 'no surprise' as firms want a return on investment, experts say

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Divestment

Shell's SA exit 'no surprise' as firms want a return on investment, experts say

News that Shell plans to divest from its SA fuels business may be a shock to consumers, but it comes as little surprise to experts who say the industry is in flux globally, and also faces a tough local environment.

Shell, a global oil and gas major, confirmed reports that it was planning to exit its SA downstream business on Monday after more than 120 years of operation in the country. Independent consultant, Niall Kramer, told News24 the reality is that the global multinationals will all have global strategies that span multiple years.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

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