Sun, Feb 5, 2023
HomeCompany NewsGood news for the South African economy

Good news for the South African economy

Petroleum Agency South Africa is enabling oil and gas discoveries to kickstart investment and growth.

Massive new gas finds off the coast of South Africa and the positive interest shown by international investors in the oil and gas sector have brought good news for country’s citizens.

In the shadow of loadshedding and global energy price spikes brought on by domestic state capture and Russia’s war on Ukraine respectively, South Africans can be pleased that new resources are being found nearby and there is a plan to use them effectively.

The economic effect of the most recent finds off the coast of Mossel Bay alone will be significant if they are marshalled in a coordinated manner.

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