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Could South Africa and Mozambique be the world’s next oil and gas hub?

If South Africa and Mozambique partnered to become one of the world’s biggest players in the oil and gas sector, this could create millions of direct and indirect jobs for both countries. Cross-border collaboration is one of the best means of invigorating industrialisation in order to fuel job creation and thereby drive economic growth – so said Niall Kramer, CEO of the South African Oil and Gas Alliance (SAOGA), at the inaugural Mozvest conference, which brought together some of Africa’s brightest business minds to strengthen relationships between SA and Mozambique.

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Fuel price increases expected in August

Fuel prices are expected to rise in August. According to the latest information from the Department of Energy announced this morning, it could be expected that the price of gasoline 93 (ULP & LRP) in Gauteng could increase by 12,9 cents per liter on Wednesday, 2 August 2017 and the price of diesel with a 0.005% sulphur content by 26,6 cents per liter, says independent economist Fanie Brink.

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