Please do invite more of the learned accountants and economists if you are interested in giving the public a balanced view of the state of the country. Numbers, unlike political opportunists never lie. Keep up the good work sir, educating the miseducated is hard.
This is how Zimbabwe started with the down spirale in the late 90s, look at Zim today, every Zim citizen is on the queue at Beitbridge for their chance to cross to Musina to access free medical help n buy paraffin & rice as they return.
@DumaM-ir7rk welele hahaha i will remind you of this comment 10 years later when south africans will be coming to zimbabwe for employment opportunities after ANC has done looted their country dry , when investors leave is a sign of low confidence , a company that generates income twice your country's GDP and for some reason you are not reading the signs of what is to come , smh
@DumaM-ir7rk Zimbabweans are the most educated people out of all sub Sahara that’s why you see that Zimbabwean immigrants where ever they go they hold high formal positions where ever they go because of their education , when it comes to investment especially FDI, it’s all tied to governance and politics , stability of a country and how independent certain public offices are including less corruption and accountability. Unfortunately the politics in Zimbabwe is toxic and run by an authoritarian regime which to be honest will not be around in the foreseeable future due to the high incompetence they have shown and a growing discontent of 2 generations of people who have high level degrees and no employment.
@DumaM-ir7rk North Korea is a dictatorship, Iran is a dictatorship, if you travel and meet these people who stay in these countries they will tell you the evil that goes on in their countries. You can debate and try to discredit my opinion because well let’s be honest South Africans have already convinced themselves that they are better than any foreigner in any format but the fact still stays and sooner or later you will realize this , ANC has destroyed your country , they will loot and loot and give you crumbs and will not care about ordinary black South Africans and the moment you realize that your government is selling your future for 12 pieces of silver it will be too late ⏰, literally copying the script from Zimbabwe, learn from Zimbabwe and hold your politicians accountable before the inevitable happens
@DumaM-ir7rk and with all those universities you have in South Africa can you check which nationalities make up the black population who are admitted in them , I can give you that information, 35% Zimbabweans, 28% black South Africans, 17% Botswana, 7% Nigerian and the rest either Swaziland, Lesotho, zambia , or mozambique. Are you seeing a pattern or not 🤔
That not true.zim a not educated people we forgetting other 211 countries that have educated people even sorry. Listen to khaya sithole.not educated by your standards sir
Shell is a franchise. It is the time for those entrepreneurs who want to venture into the oil business to approach Shell to buy the franchises. If they are well-run, the banks will lend the buyers money. Shell will teach the franchisees how to run the business.
Sanctions against Russian and Iranian oil by Shell and other companies of the west is killing us.India's economy is booming from the Russian oil and they are selling it back to the western countries.Sasol must step up this is our chance to buy oil directly from BRICS nations.Good move in my opinion.
SA’s ol has been depleted and stripped by corruption. Gone when it was top of the world game. Thank the government. Long fingers are the asset of the ANC. All long fingers.
Blame the ANC, they have messed up the rest of the country, now more businesses are going to leave. The ANC will be super happy if there is 90% unemployment in this country.
Yes, more people to beck for more welfare Ya Ya, i am getting my R350 for free. No more jobs and no more entrepreneurs . Now please how are yoi going to milk for Sassa grants . I HAVE A FULL LIVE I CAN NOW LIVE MY LIFE IN FULL WITH THE R 350 grant 🎉🎉🎉🎉🎉🎉🎉🎉
@@user-tb4jv3tl4vdoes the ANC Not have a stack in the investment company. ? So They require a BEE partner the partner sells its stack but Shell cant operate as they need a BEE partner. So they get a another partner a few years down the line this partner decides to sell so shell has to pay them off and needs to finds a new partner again, and the cycle continues S
@@user-tb4jv3tl4v They are nasty, greedy leaders, just look at the state of every entity they have touched, everything turns into shit. The other oil companies are also getting ready to leave. Shell is the first one. Anglo is leaving.
You sign a contract, you must abide by the conditions setforth therein, As a lawyer this is straightforward, the BEE partner had every right as per exit clause.. this was a pump and dump scheme by Shell where they inflate the value of the investment to reduce or stave off profit sharing. The exit is a profit run.. ExxonMobil was caught doing the same thing 4.5m of equipment projected as 12.5b.
Sadly that many ppl will lose jobs but it's time as Africans to have our own oil business, coz we were not benefitting as the oil keeps increasing prices. Byee Shell
I have a question that someone here may be able to enlighten me on: let's assume that Shell stayed, and Tebe divested it's 28% share. How then would Shell handle BEE or be BEE compliant. Is it the rid of BEE partners?
@@jacobusjonck2172 Thanks for the feedback. When you say "replaced", does that mean GIVE another batch of shares to the next BEE partner(s). If that is so, then surely every major BEE compliant corporate in SA runs the risk of an ever continuing cycle of share donations until they have nothing left or are heavily diluted (in the event of new share issuances).??
Am just shocked that the Shell Wild Coast issue is not brought up in this discussions. I think Shell is just frustrated by the processes in SA, not only political but also Environmental activism. They just can't get things done the way they prefer.
So sad, one can see how these employees are demotivated I passed through a Shell Garage refueling, the guy left my fuel door open I saw it later along the way.
Chevron which owned Caltax filling stations is gone, so the Caltax brand will go. Now Shell and then who else. This is bad news for ordinary South Africans.
Shell has been a leaving company we saw it when it left the agricultural market amd rover theor equipment in some farms in other not that's why you saw the formation of the agricultural cooperatives supplying themselves with fuel and most of the deposit and Gantries were sold for cheap and Glencore will finally buy the downstream shell business already they have bought the distribution facilities. The next biggest fuel brand
But this is rat good news..in the scheme of things.Capital should remain in their countries of operation..no to repatration and other things.SA shouldnt shed a tear...locals should and will step up...
@DumaM-ir7rk lol. I put myself through university to eventually get 2 degrees. Have a company that employ 40plus people and feed their families & three patents pending for new inventions they will make a peoples lives easier. Not a bad contribution to civilisation. What have you stolen or broken today?
@DumaM-ir7rk stop with your allegations of racism and white. Go learn proper truth but avoid your clouded politically tainted narrative. It’s very dangerous path to tread like this
This is where most of South Africa's current problems started 👉 "Downstream SA was formed after Shell South Africa and "black empowerment" company Thebe Investment Corporation agreed a decade ago to merge"
Tebe owns 28 percent only in the downstream part which is running a loss, batho batho recently bought over tebe which means ANC owns tebe therefore owning 28 percent of shell Anc thought if they cash in they will make billions but they stupid cos the downstream is losing and the upstream is making money😂😂😂
Khaya Sithole is a smart guy. Hands down! Clear. Knowledgeable.
his a CA
Love this guy unmoved by emotion
It is such a pleasure to listen to Khaya Sithole's analyses on a range of topics. Most insightful commentary.
Eish. The energy minister selling all the oil stored in Cape Town storage tanks at lower than market price is the way the ANC rolls.
Did you listen or is this above your IQ DApartheid apologists ,
Do you know what? Our Sec of Energy here in the US did the same thing. Sold it to Cna. Citizens everywhere are getting the shaft.
@@halfdome4158 true, but at least you guys drill your own oil. Rsa must buy it all in.
@@halfdome4158 They think South Africa is the only country with shady politicians and that the rest of world is squeaky clean , little do they know
Please do invite more of the learned accountants and economists if you are interested in giving the public a balanced view of the state of the country. Numbers, unlike political opportunists never lie. Keep up the good work sir, educating the miseducated is hard.
Thanks to the ideologies of ANC, MK and EFF.
@DumaM-ir7rk let who go?
Shell
@DumaM-ir7rk not concerned about the thousands of jobs and skilled employers we’ll lose?
@@thomasgosling5155 least of thier worries I guess, scary times indeed
@DumaM-ir7rk so what’s your point?
*BEE is the problem and ANC seems not to care thousand on thousand jobs is lost*
Denial is not just a river in Egypt...
Zimbabwe loading slowly but surely
Lools very very slowly...
Tebe= 28% BEE stake in Shell , Tebe is the one that wants a payout and go.
This is how Zimbabwe started with the down spirale in the late 90s, look at Zim today, every Zim citizen is on the queue at Beitbridge for their chance to cross to Musina to access free medical help n buy paraffin & rice as they return.
@DumaM-ir7rk welele hahaha i will remind you of this comment 10 years later when south africans will be coming to zimbabwe for employment opportunities after ANC has done looted their country dry , when investors leave is a sign of low confidence , a company that generates income twice your country's GDP and for some reason you are not reading the signs of what is to come , smh
@DumaM-ir7rk Zimbabweans are the most educated people out of all sub Sahara that’s why you see that Zimbabwean immigrants where ever they go they hold high formal positions where ever they go because of their education , when it comes to investment especially FDI, it’s all tied to governance and politics , stability of a country and how independent certain public offices are including less corruption and accountability. Unfortunately the politics in Zimbabwe is toxic and run by an authoritarian regime which to be honest will not be around in the foreseeable future due to the high incompetence they have shown and a growing discontent of 2 generations of people who have high level degrees and no employment.
@DumaM-ir7rk North Korea is a dictatorship, Iran is a dictatorship, if you travel and meet these people who stay in these countries they will tell you the evil that goes on in their countries. You can debate and try to discredit my opinion because well let’s be honest South Africans have already convinced themselves that they are better than any foreigner in any format but the fact still stays and sooner or later you will realize this , ANC has destroyed your country , they will loot and loot and give you crumbs and will not care about ordinary black South Africans and the moment you realize that your government is selling your future for 12 pieces of silver it will be too late ⏰, literally copying the script from Zimbabwe, learn from Zimbabwe and hold your politicians accountable before the inevitable happens
@DumaM-ir7rk and with all those universities you have in South Africa can you check which nationalities make up the black population who are admitted in them , I can give you that information, 35% Zimbabweans, 28% black South Africans, 17% Botswana, 7% Nigerian and the rest either Swaziland, Lesotho, zambia , or mozambique. Are you seeing a pattern or not 🤔
That not true.zim a not educated people we forgetting other 211 countries that have educated people even sorry. Listen to khaya sithole.not educated by your standards sir
Thank you Khaya input is detailed and balanced. Great content.
Shell is a franchise. It is the time for those entrepreneurs who want to venture into the oil business to approach Shell to buy the franchises. If they are well-run, the banks will lend the buyers money. Shell will teach the franchisees how to run the business.
Simple hey
🤡
SHELL Is pulling out because they tired of dealing with thier Friends the ANC. Get rid of BEE
Thank you Ramaphosa!!!!
This guy speaks very good the anc and eff should learn a thing or two from him
there are a lot of companies that are yet to leave south Africa ,should the ANC win this election come back to this comment after may 29.
Hate to be reminded, but the troubles looms
Let them leave...they haven't done good for the country anyway SA will be better off
@@lovedlover2667😂😂😂😂
Khaya Sithole is clear, he articulate his analysis and train of thoughts. I love it
Everything that the ANC has touched has turning to shit...Transet, SAA, POST OFFICE and the list goes on.
This is true ✅
Dismantle and rebuild. That's the point.
Khaya is the "human version" of ChatGPT if you dont get it, forget about it.
Sanctions against Russian and Iranian oil by Shell and other companies of the west is killing us.India's economy is booming from the Russian oil and they are selling it back to the western countries.Sasol must step up this is our chance to buy oil directly from BRICS nations.Good move in my opinion.
SA’s ol has been depleted and stripped by corruption. Gone when it was top of the world game. Thank the government. Long fingers are the asset of the ANC. All long fingers.
...more companies to disinvest in S.Africa, it's unstoppable.
Blame the ANC, they have messed up the rest of the country, now more businesses are going to leave. The ANC will be super happy if there is 90% unemployment in this country.
please expain how its the anc fault ?
Yes, more people to beck for more welfare Ya Ya, i am getting my R350 for free. No more jobs and no more entrepreneurs . Now please how are yoi going to milk for Sassa grants . I HAVE A FULL LIVE I CAN NOW LIVE MY LIFE IN FULL WITH THE R 350 grant 🎉🎉🎉🎉🎉🎉🎉🎉
@@user-tb4jv3tl4vdoes the ANC Not have a stack in the investment company. ? So They require a BEE partner the partner sells its stack but Shell cant operate as they need a BEE partner. So they get a another partner a few years down the line this partner decides to sell so shell has to pay them off and needs to finds a new partner again, and the cycle continues
S
@@user-tb4jv3tl4v They are nasty, greedy leaders, just look at the state of every entity they have touched, everything turns into shit. The other oil companies are also getting ready to leave. Shell is the first one. Anglo is leaving.
@@timjacobs7104 tax base is shrinking though, what will happen if one day the ANC / EFF can't pay grants?
You sign a contract, you must abide by the conditions setforth therein, As a lawyer this is straightforward, the BEE partner had every right as per exit clause.. this was a pump and dump scheme by Shell where they inflate the value of the investment to reduce or stave off profit sharing. The exit is a profit run.. ExxonMobil was caught doing the same thing 4.5m of equipment projected as 12.5b.
Exxon mobile story is unbelievable. Now you wonder how many times they got away with that?
@@Peter-bg1kuyes that is how they going around stealing from countries
Sadly that many ppl will lose jobs but it's time as Africans to have our own oil business, coz we were not benefitting as the oil keeps increasing prices. Byee Shell
Government is responsible for the high cost of fuel
The way business is run in SA and corruption it wouldn’t last and would close anyway.
So start your “own oil business”!
What's with these news room reporters 😮😂😂
I have a question that someone here may be able to enlighten me on: let's assume that Shell stayed, and Tebe divested it's 28% share. How then would Shell handle BEE or be BEE compliant. Is it the rid of BEE partners?
That is the right question!
The anc wanted payouts from Shell and tried to over inflated thier payouts..
@@Cent51 Yes, I understand that. Does not address my question, though.
If Tebe leave they will have to be replaced with another BEE lot to maintain compliance.
@@jacobusjonck2172 Thanks for the feedback. When you say "replaced", does that mean GIVE another batch of shares to the next BEE partner(s). If that is so, then surely every major BEE compliant corporate in SA runs the risk of an ever continuing cycle of share donations until they have nothing left or are heavily diluted (in the event of new share issuances).??
Good good Shell
Shell sold out in Malaysia as well
Am just shocked that the Shell Wild Coast issue is not brought up in this discussions. I think Shell is just frustrated by the processes in SA, not only political but also Environmental activism. They just can't get things done the way they prefer.
Exactly they want south africN based oil companies. This will only be good for Sasol and the likes.
Shut up@DumaM-ir7rk
So now what's happening with the She V+ card???
Shell survived the big depression and a hundred and twenty two years of business in SA but could not survive the ANC. 🙈
This commentary is incoherent. The "country" does not "have policy decisions", those policies are made by the government of the day.
There so many oil campany who will run thier business
So sad, one can see how these employees are demotivated I passed through a Shell Garage refueling, the guy left my fuel door open I saw it later along the way.
Chevron which owned Caltax filling stations is gone, so the Caltax brand will go. Now Shell and then who else. This is bad news for ordinary South Africans.
A lot of people in the comments didn't listen to the interview 😂
And soon Massmart to leave aswell!
Who ?
@@otis3744 makro game builder warehouse...
Good!
Look my man all enterprises are cone down in SA mmmmmmmm from a too z go look
Cant wait for all the big companies to pull out . 😂 👍
@boerplaas388 cant wait for you to pull out as well.
Can that BEE patner take over, is it well equiped to run the business. why do they want to withdraw whole 3bil rand, it does not make sense
Since when can a BEE partnerrun a complex business successfully? Name one example.
If you want to do well in business, do exactly the opposite of what the Bantu business community does.
One of tbe ANC best achievements... Prove that they are useless.
Shell has been a leaving company we saw it when it left the agricultural market amd rover theor equipment in some farms in other not that's why you saw the formation of the agricultural cooperatives supplying themselves with fuel and most of the deposit and Gantries were sold for cheap and Glencore will finally buy the downstream shell business already they have bought the distribution facilities. The next biggest fuel brand
But this is rat good news..in the scheme of things.Capital should remain in their countries of operation..no to repatration and other things.SA shouldnt shed a tear...locals should and will step up...
The same locals who has very little work ethic and no new ideas.....
@DumaM-ir7rk lol. I put myself through university to eventually get 2 degrees. Have a company that employ 40plus people and feed their families & three patents pending for new inventions they will make a peoples lives easier. Not a bad contribution to civilisation.
What have you stolen or broken today?
@DumaM-ir7rk stop with your allegations of racism and white. Go learn proper truth but avoid your clouded politically tainted narrative. It’s very dangerous path to tread like this
This is where most of South Africa's current problems started 👉 "Downstream SA was formed after Shell South Africa and "black empowerment" company Thebe Investment Corporation agreed a decade ago to merge"
I am sure the ANC is invloved with Shell moving out of SA
"How long this decision has been in the pipeline, no pun intended" 🤣
Tebe owns 28 percent only in the downstream part which is running a loss, batho batho recently bought over tebe which means ANC owns tebe therefore owning 28 percent of shell Anc thought if they cash in they will make billions but they stupid cos the downstream is losing and the upstream is making money😂😂😂
Its ok cos they insisted they had a shower afterwards
😀😀😀😀😀😀😀😀
Lol..yep
Did dude get Chat GPT to write that for him.. 😂
They just opened a new shell service station now In East London. 😂eish
Can this out stop reading and speak from a page. He almost looked professional
arent u a tiny bit jealous a black guy is smarter than u maybe...i think u might be
If you have any money in South Africa, run fast.