South African Petroleum Refineries , the largest refinery in Southern Africa, has declared force majeure and closed its doors amid rampant unrest and looting in KwaZulu-Natal.
The notice of force majeure, which refers to unforeseeable circumstances that prevent someone from fulfilling a contract, was issued to customers late on Tuesday as the unrest in the province persisted...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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