Middle East / Africa

South Africa flag
Summary | Profile

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

15 Dec 25
South Africa: Chariot completes significant financing for South African wind projects
AIM-listed Chariot, the Africa focused energy group, is pleased to confirm that it has completed a significant financing and a strategic equity partnership primarily to fund its investment in two wind generation projects, Zen and Bergriver, in South Africa, which have just reached financial close.
08 Dec 25
South Africa: Scatec starts commercial operation at Grootfontein solar power plant in South Africa
Scatec, a leading renewable energy provider, has started commercial operation of the 273 MW Grootfontein solar power plant in South Africa, which will generate predictable revenues from a 20-year power purchase agreement (PPA).
01 Dec 25
South Africa: ACCIONA Energía sells two assets in South Africa to Cennergi
ACCIONA Energía has reached an agreement with Cennergi, Exxaro Resources wholly owned subsidiary and one of South Africa’s leading renewable energy producers, for the sale of its stake in two renewable energy assets totaling 232MW of capacity, for an enterprise value (EV) of €255 million. The two projects are Gouda wind farm (138MW) and Sishen photovoltaic plant (94MWp)
24 Nov 25
South Africa: Prime Minister Støre visits Norwegian-owned solar power plant in South Africa
On 21 November Prime Minister Jonas Gahr Støre visited a Norwegian-owned solar power plant in South Africa. The company that owns the plant has provided renewable energy to 200,000 households, and a number of Norwegian companies are now investing in solar power in South Africa.
11 Oct 25
South Africa: Africa Energy announces Block 11B/12B operations update
Africa Energy Corp has announced that the Company, through its investment in Main Street 1549 Pty Ltd., which holds an interest in Block 11B/12B, offshore the Republic of South Africa, has obtained an extension to the deadline for the submission of a new Environmental and Social Impact Assessment ('ESIA') to May 4, 2026.

South Africa - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 195

Completed Deals

Completed Upstream Deals: 6640

Company Profiles

Current Company Profiles: 2933

Corporate Activity

Current Corporate Activity articles: 4197

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1674

Geostudies

Current Geostudies articles: 1003

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Union Jack Oil 149
Merlin
OPC
Borchwix
Syntillica
Rose & Assocs
Bayphase
energy365
Telos NRG
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com