This bill, introduced by Minister Gwede Mantashe and currently open for public consultation, has significant implications for South Africa’s economy, energy sector, and environment.
According to minister Mantashe the Petroleum Products Bill seeks to promote a more efficient petroleum industry that will drive employment, investment, and increased access across the country. The goal is a more inclusive petroleum industry that supports equitable economic growth.
According to Nolu Hlophoyi, spokesperson for Dear South Africa, concerns have been raised that these changes may increase the power of the minister and the Department, potentially leading to political interference in the sector. “Additionally, there are worries about the bill’s potential impact on competition, economic growth and the environmental effects in the industry,” Hlophoyi added.
Given the broad-reaching consequences of this bill, Dear South Africa invites every South African to make their voice heard. This is your chance to weigh in on the future of the petroleum industry in our country. Does this bill present the right balance between transformation, economic growth, and environmental protection?
Have your say today by submitting your thoughts and concerns through the Dear South Africa platform. Your input will play a vital role in ensuring that the final version of the bill reflects the interests and needs of all South Africans. To have your say and participate, click here.
Date: 25 Oct 2024
