R4 trillion international giant suffers another major loss in South Africa

• Shell will not be allowed to renew an exploration right off South Africa's Indian Ocean Wild Coast, as per the Constitutional Court's ruling.
• The decision comes after a five-year legal fight between Shell and environmental activists over a South African oil-exploration campaign.
• The ruling could further embolden activists who have had multiple victories in court against oil explorers, potentially impacting other offshore South African oil searches.