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
| 22 Aug 23 |
South Africa: Kinetiko Energy executes Term Sheet with IDC to develop South Africa's largest onshore LNG project Kinetiko Energy - developing an energy transition solution for South Africa focused on commercialising advanced shallow conventional gas and coal bed methane projects - has provided an update on its onshore gas exploration and production development activities. |
| 18 Jul 23 |
South Africa: Kinetiko provides update on progress across its onshore gas exploration and production development activities Kinetiko Energy, an Australian gas explorer and developer focused on advanced shallow conventional gas and coal bed methane in South Africa, has provided an update on progress across its onshore gas exploration and production development activities. |
| 12 Jul 23 |
South Africa: First sale in South Africa as Magnora and Globeleq join forces on battery and PV project Magnora and Globeleq have signed and executed an agreement that paves the way for developing large-scale battery storage and renewable energy projects in South Africa. |
| 11 Jul 23 |
South Africa: Eco (Atlantic) announces sale of Block 3B/4B interest to Africa Oil Corp Eco (Atlantic) Oil & Gas has signed a legally binding Letter of Intent pursuant to which its wholly owned subsidiary, Azinam, will farm out 6.25% Participating Interest in Block 3B/4B, offshore South to Africa Oil SA Corp, a wholly owned subsidiary of Africa Oil Corp. |
| 30 Jun 23 |
South Africa: Scatec reaches financial close for its Grootfontein solar projects in South Africa and prepares for construction start Scatec, a leading renewable energy company, has reached financial close for its three Grootfontein solar projects in South Africa, won as part of the Department of Mineral Resources’ fifth bidding round of its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in 2021. |
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,
- Zimbabwe
