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

01 Jul 24
South Africa: Africa Energy announces withdrawal of CNR from Block 11B/12B offshore South Africa
Africa Energy has announced that CNR International (South Africa) has provided notice to the joint venture partners that it will withdraw from its 20% interest in accordance with the joint operating agreement in respect of Block 11B/12B, Offshore the Republic of South Africa.
21 Jun 24
South Africa: Magnora announces project sale to Red Rocket in South Africa
Magnora has signed a deal for the sale of a project site to Red Rocket, one of the top-tier independent power providers in South Africa.
05 Jun 24
South Africa: Eco Atlantic farms into Block 1 offshore South Africa
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has announced the farm-in into Block 1 Offshore South Africa Orange Basin.
14 May 24
South Africa: Kinetiko becomes first company in South Africa to produce power from onshore gas
Kinetiko Energy is developing an energy transition solution for South Africa focused on commercialising advanced shallow conventional gas projects in the Mpumalanga, Freestate and KwaZulu-Natal Provinces. Kinetiko has provided an update on its onshore gas exploration and production development activities, where it has successfully demonstrated power production from a gas well at Amersfoort.
09 Apr 24
South Africa: Nordex Group receives orders for 295 MW from EDF Renewables in South Africa
EDF Renewables has placed orders with the Nordex Group for two wind energy projects in South Africa. The Korosun 2 cluster, consisting of the Umsobomvu and Hartebeesthoek projects, will comprise 50 N163/5.X turbines with a total capacity of 295 MW.

South Africa - more news

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