Staff Reporter
Mineral and Petroleum Resources Minister Gwede Mantashe said on Tuesday that South Africa’s temporary fuel levy relief was not a lasting answer to the country’s exposure to global oil shocks.
“We are tabling this budget vote during a difficult period in the global economy. A time when conflict rages in the Middle East with its tremors felt far beyond its frontlines, destabilising global energy supply chains and casting a long shadow over our own economic recovery,” he said.
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“In this era, where energy security is intrinsically linked to national stability, we cannot stand on the side lines and be passive observers.”
Mantashe was tabling the budget vote for the Department of Mineral and Petroleum Resources, which has been allocated R2.86 billion for the 2026/27 financial year. Of this, R1.17 billion will be
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