Business
South Africa: Oil firms warned to boost black ownership
But she warned that companies continuing to violate the charter could lose their licenses or have their activities curtailed, such as limiting their crude imports.
South Africa is a net importer of fuel and any disruption to refining activities and crude imports could hit supplies of fuel. South Africa suffered shortages last year because of refinery problems and industrial action.
Peters told the companies not to try to argue over a potential risk of fuel shortages in order to delay action.
“We will not be held to political, financial or economic blackmail,” she said.
Deputy Director-General of the Department of Energy, Tseliso Maqubela, added any negative impact from such punitive measures on the country would be short-lived and alternative suppliers would be found if needed.
