CNBC Africa·3 min read·medium
South Africa proposes compulsory fuel stocks to preempt crises
R
Reuters
✦AI Summary
South Africa is proposing a new policy requiring both state and private sectors to maintain mandatory fuel reserves to mitigate supply chain disruptions. The plan aims to bolster energy security by requiring wholesalers to hold 21 days of stock and the state to hold 60 days.
CAPE TOWN, July 13 (Reuters) – South Africa is proposing a revamp of its strategic fuel storage capability requiring mandatory reserves from both the state and private sector to mitigate supply crises, a policy document showed.
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