Financial Digest

Expert: 'Gas condensate discovery will provide boost for SA economy'

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Oil and natural gas expert Stephen Larkin says this will result in more foreign investment, as it could generate over R1 trillion in revenue over the next two decades.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NO - gas condensate / gas / oil discovery off South Africa's coast will NOT boost the SA economy. It will enrich the connected elite. Venezuela is a case in point. Despite having 25% of world's oil reserves its bankrupt. In Africa we can look at Nigeria and Angola.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: Mantashe hails Total's discovery of gas as major boost for SA economy | IOL Business ReportMineral resources minister Gwede Mantashe has welcomed the announcement made by French oil and gas company Total of a significant gas discovery.
Source: IOL - 🏆 46. / 51 Read more »