Middle East / Africa

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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

21 Oct 20
South Africa: Afro Energy granted approval to produce gas from the Amersfoort Project in South Africa
Kinetiko Energy has announced that Afro Energy has received approval to produce an amount of gas annually for a 2 year period from the Amersfoort Project exploration rights ER56 and ER38 by the Minister of Mineral Resources of the Republic of South Africa (DMR).
18 Oct 20
South Africa: Africa Energy's deals to increase its interest in Block 11B/12B offshore South Africa approved by shareholders
Africa Energy shareholders have approved the recently announced transactions with Impact Oil & Gas and Arostyle Investments through which the Company will increase its effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%, subject to certain consents and approvals.
06 Sep 20
South Africa: Sasol invites interested parties to partner for the development of CO2 utilisation technologies at its SA operations
To progress its climate change ambitions for more resilient operations in South Africa, Sasol is inviting interested parties to participate in a Request for Information (RFI) process regarding the development and demonstration of CO2 utilisation technologies.
30 Aug 20
South Africa: Total spuds Luiperd-1X well offshore South Africa
JV partner Africa Energy has announced the spud of the Total-operated Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in February 2019.
24 Aug 20
South Africa: Africa Energy increases exposure to Block 11B/12B, offshore South Africa
Africa Energy Corp has announced the signing of definitive agreements to increase its effective interest in Block 11B/12B offshore South Africa from 4.9 percent to 10 percent.

South Africa - more news

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