South African tycoon joins Abu Dhabi’s $1bn bid for Shell’s fuel business
African Insider | 23.08.2026 16:00Johannesburg – South African businessman Simphiwe Mehlomakulu is set to take a minority stake in Shell’s extensive fuel retail business after Abu Dhabi’s ADNOC Distribution selected his Reatile Group as its local empowerment partner in the proposed $1 billion takeover, reports say.
