Agreement opens way for R1.8bn oil services hub at Saldanha port

A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and gas companies operating along Africa’s coastline. The OSSB is to be developed by Saldehco, owned by private investment group HARPS Holdings, which has energy, property and marine interests in several countries, as well as black-women-owned energy company Semona.