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The different policies and acts within each authoritative structure which supports their varied objectives will be dissected and further elaborated on. Finally the effects that current regulation has on the industry will be discussed as well as how possible alternatives could more effectively assist the industry in relation to the country’s demand for liquid fuels. Overall it will look at the environment that the industry operates in as well as the legal effects, laws, policies and restrictions that govern it.
2. CURRENT STRUCTURE & REGULATORY FRAMEWORK
The industry is regulated by the Department of Minerals and Energy and monitored by the Parliamentary Portfolio Committee...
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