# Minister of Mineral and Petroleum Resources, Gwede Mantashe, says there is a compelling need for South Africa to have a Strategic Stocks Policy to enhance the state of readiness in the event of major oil supply disruptions. The department has published a draft policy, which proposes making it mandatory for all licensed oil and fuel wholesalers and importers to hold 21 days’ worth of stocks. The department warns that dependence on long shipping routes and specific maritime chokepoints exposes the economy to about one-billion-rand in losses every day of total fuel unavailability.
Minister Mantashe says it’s important to boost South Africa’s strategic fuel reserves