The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, the State-owned Strategic Fuel Fund’s (SFF’s) acquisition of a 50% interest in the Cape Town Terminal from oil and gas multinational BP Southern Africa. The Cape Town Terminal, located in Montague Gardens, is built on land owned by BP Southern Africa, which operated the terminal for a number of years. The Cape Town Terminal is used for off-loading petrol, diesel, jet fuel and paraffin, or kerosene, from vessels and via cross pumps from the neighbouring Astron refinery.
