Vivo Energy to invest over R10bn in South Africa, Patel says

Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday. The investment is part of a range of public interest and competition commitments, designed to prevent job losses and continue supply contracts with local refineries, that domestic regulators sought when the merger was considered.