Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa’s newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to the Rovuma basin, in northern Mozambique. He stressed that government foresaw gas-related investments, including domestic shale-gas projects, contributing materially to the investment target, along with further renewable-energy and conventional power projects.