Middle East / Africa
Country profile: South Africa
| Location: | Southern Africa, at the southern tip of the continent of Africa |
| Climate: | mostly semiarid; subtropical along east coast; sunny days, cool nights |
| Terrain: | vast interior plateau rimmed by rugged hills and narrow coastal plain |
| Size: | 1219912 sq. km total (Land area: 1219912 sq. km ) |
| Population: | 43,786,115 |
| Languages: | IsiZulu 23.8%, IsiXhosa 17.6%, Afrikaans 13.3%, Sepedi 9.4%, English 8.2%, Setswana 8.2%, Sesotho 7.9%, Xitsonga 4.4%, other 7.2% (2001 census) |
| Government: | republic |
| Capital city: | Pretoria (administrative capital) |
| Legal system: | based on Roman-Dutch law and English common law; has not accepted compulsory ICJ jurisdiction |
| Currency: | rand (ZAR) |
| Licensing: |
Country profile
The South African government is seeking to increase jobs and promote business development throughout the country with the hope of reaching annual 6.0 percent GDP growth in the future. In 2006, South Africa’s real gross domestic product (GDP) growth rate was 4.6 percent. The South African government has committed to ensuring that black-owned companies have access to the energy sector. Under its black economic empowerment (BEE) program, the South African government has set targets of 25 percent BEE ownership of energy companies by 2014.
Large, predominately white-owned corporations have sold assets to achieve this objective, with the first sale occurring in 2000. BEE firms are commonly referred to as “empowerment” firms. The bulk of South Africa’s energy consumption mix is comprised of coal, which the country primarily uses to produce synthetic fuels. South Africa also consumes a substantial amount of oil. Only a small percentage of the energy consumption mix is comprised of natural gas and nuclear.
Energy production and consumption
| Oil | Gas | |
| Production: | 200,000 bbl/day (2006 est.) | 2 billion cu m (2005 est.) |
| Consumption: | 519,000 bbl/day (2006 est.) | 2 billion cu m (2005 est.) |
| Exports: | 217,700 bbl/day (2004 est.) | |
| Imports: | 319,000 bbl/day (2004 est.) | |
| Reserves: | 15 million bbl (1 January 2007 est.) | 27 million cu m (1 January 2006 est.) |
| Major fields: |
South Africa - recent news
| 29 Apr 25 |
Africa Energy announces corporate update Africa Energy, a Canadian oil and gas exploration company focused on South Africa, has announced a corporate update. The Company is planning to move Block 11B/12B, located in the Outeniqua Basin approximately 175 kms off the southern coast of South Africa, to the development phase. |
| 18 Mar 25 |
South Africa: Etana Energy secures 75MW of solar power AIM-listed Chariot, the Africa focused transitional energy group, has announced that Etana Energy, the South African electricity trading platform, has signed a 20-year Power Purchase Agreement for the entire supply from the 75MW (105MWDC installed capacity) Du Plessis Dam PV2 solar project. |
| 18 Mar 25 |
South Africa: Chariot secures US$75m guarantee financing and equity investment for Etana Energy AIM-listed Chariot, the Africa focused transitional energy group, has announced that Etana Energy, the South African electricity trading platform, has secured a US$55million (R1billion) guarantee finance facility alongside an equity investment of up to US$20million (R372million) from Standard Bank and Norfund. |
| 13 Jan 25 |
South Africa: Eco (Atlantic) Oil & Gas announces Block 3B/4B transaction completion and board changes Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has announced completion of its transaction with Africa Oil Corp and Africa Oil SA Corp ('AOSAC') for the sale of a 1% Participating Interest in Block 3B/4B, offshore South Africa, and replacement of a member of the board. |
| 13 Jan 25 |
South Africa: Africa Oil announces increase in its interest in the core Orange Basin Block 3B/4B offshore South Africa Africa Oil Corp has announced an increase in the group’s direct interest in Block 3B/4B, offshore South Africa, to 18.0%. This block lies to the southeast and on trend with a number of Orange Basin oil discoveries including Venus, and is operated by TotalEnergies. |
South Africa - more news
Other countries in this region
- Algeria,
- Angola,
- Bahrain,
- Benin,
- Botswana,
- Burundi,
- Cameroon,
- Central Africa Republic,
- Chad,
- Comoros,
- Congo (Brazzaville),
- Congo (Democratic Rep.),
- Cote d'Ivoire,
- Djibouti,
- Egypt,
- Equatorial Guinea,
- Eritrea,
- Ethiopia,
- Gabon,
- Gambia,
- Ghana,
- Guinea (Republic),
- Guinea Bissau,
- Iran,
- Iraq,
- Israel,
- Jordan,
- Kenya,
- Kuwait,
- Lebanon,
- Liberia,
- Libya,
- Madagascar,
- Malawi,
- Mali,
- Mauritania,
- Mauritius,
- Morocco,
- Mozambique,
- Namibia,
- Niger,
- Nigeria,
- Oman,
- Palestine,
- Qatar,
- Rwanda,
- Sao Tome,
- Saudi Arabia,
- Senegal,
- Seychelles,
- Sierra Leone,
- Somalia,
- Somaliland,
- South Sudan,
- Sudan,
- Syria,
- Tanzania,
- Togo,
- Tunisia,
- Uganda,
- United Arab Emirates,
- Western Sahara,
- Yemen,
- Zambia,
- Zanzibar,
- Zimbabwe
