Africa’s Wealthiest Nation Halves Its Oil Refining Operations
Nearly half of South Africa's refining capacity lies dormant, a staggering statistic that highlights the ongoing challenges faced by the nation's energy sector. In just five years, South Africa's refining capacity has been slashed by 50%, a decline attributed to a complex mix of accidents and a desperate lack of investment. At times, the magnitude of these figures can be overwhelming, but what does this really mean for the everyday South African?
According to Transnet SOC Ltd., the state-owned logistics firm,…