Petroleum Products Act, 1977 (Act No. 120 of 1997)RegulationsRegulations regarding Petroleum Products Site and Retail LicencesChapter 2 : Retail Licences18. Evaluation of a retail licence application |
| (1) | In evaluating an application for any retail licence, the Controller must, subject to subregulation (2), verify that— |
| (a) | the information and the documents submitted with the application form are true and correct; and |
| (b) | the notice contemplated in regulation 16(1) was published. |
| (2) | In the case of an application for a retail licence made by a person in respect of whom section 2D of the Act is not applicable, the Controller must be satisfied that— |
| (a) | the retailing business is economically viable; and |
| (b) | the retailing business will promote licensing objectives stipulated in section 2B(2) of the Act. |
| (3) | In determining the economic viability contemplated in subregulation (2)(a), the Controller must be satisfied that the net present value has been correctly calculated and is positive. |