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 )|
|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)|
|Capital city:||Pretoria (administrative capital)|
|Legal system:||based on Roman-Dutch law and English common law; has not accepted compulsory ICJ jurisdiction|
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
|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.)|
South Africa - recent news
|21 Apr 21
||South Africa: Azinam South Africa completes acquisition of 50 per cent operated interest in Block 2B oil discovery offshore South Africa
Azinam South Africa, a Seacrest company, has announced the completion of its acquisition of a 50% operated interest in Block 2B offshore South Africa.
|20 Apr 21
||South Africa: Panoro completes farm-in to Block 2B, offshore South Africa
Panoro Energy has received governmental approval and closed the previously announced farmout agreement on Block 2B offshore South Africa.
|15 Apr 21
||South Africa: Total postpones drilling application offshore South Africa
Total has decided to postpone its application for additional drilling in Block 11B/12B offshore South Africa, where the Company has discovered two large gas fields - Brulpadda and Luiperd, according to a Reuters report.
|13 Apr 21
||South Africa: Sasol and Air Liquide to launch the Renewable Energy procurement programme for SA operations
Sasol and Air Liquide are inviting bidders to participate in a Request for Proposal (RFP) process for the supply of renewable energy to Sasol’s South African operations.
|22 Feb 21
||South Africa: Magnora acelerates growth into South Africa with a project portfolio pipeline of net 1 GW potential solar PV and onshore wind
Renewable energy development company Magnora has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. In addition, Vindr group is merging with an onshore wind and solar PV project developer in the South African market.
South Africa - more news
Other countries in this region
- Central Africa Republic,
- Congo (Brazzaville),
- Congo (Democratic Rep.),
- Cote d'Ivoire,
- Equatorial Guinea,
- Guinea (Republic),
- Guinea Bissau,
- Sao Tome,
- Saudi Arabia,
- Sierra Leone,
- South Sudan,
- United Arab Emirates,
- Western Sahara,