Investor information
Brulpadda and why SA needs AEI
The South African government wants private investors to find oil and gas to help tackle the energy crisis which is heading toward catastrophe.
The South African government wants private investors to find oil and gas to help tackle the energy crisis which is heading toward catastrophe.
Four years after the launch of former President Barack Obama’s 2013 attempt to bring light to the proverbial dark continent, his legacy Power Africa initiative is on track to deliver an initial $7 billion in US government-backed loans and grants for new power projects within the five-year target – confounding its sceptics – and helping ease Africa’s large and persistent power deficit.
South Africa’s controversial nuclear build programme is being forced back on to the drawing board by powerful hidden agendas despite being abandoned several times in the past on cost grounds, as well as for being excessive to current requirements.