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- South Africa- Rich in Mineral Resources and Highly Developed Synthetic Fuels
South Africa- Rich in Mineral Resources and Highly Developed Synthetic Fuels
- By Oil and Gas Author
- Published 08/29/2006
- Offshore Drilling , Liquefied Natural Gas LNG , Exploration and Discoveries , Natural Gas Petroleum , Crude Oil Petroleum
- Unrated
Oil and Gas Author
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View all articles by Oil and Gas AuthorThe 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.
South Africa is a member of the African Union (AU), the Southern Africa Development Community (SADC), and the Southern Africa Customs Union (SACU).
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South Africa- Rich in Mineral Resources and Highly Developed Synthetic Fuels
