business1 min read
Refinery closures leave South Africa more exposed to imported fuel shocks
SAPREF refinery in Durban. South Africa’s declining domestic refining capacity has increased reliance on imported refined fuel, exposing the economy to higher costs and global supply shocks.
South Africa
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South Africa’s oil-import bill could have been R76bn lower between 2021 and 2024 if refined products had made up no more than 25% of imports, according to South African Reserve Bank research.
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About this article
- Length
- 32 words · 1 min read
- Published
- September 28, 2026
- Source
- IOL