Menu
 
 
 

Understanding values in piped gas

With the availability of natural gas in countries such as Mozambique and Namibia, coupled with the discovery of offshore gas reserves in Mozambique and South Africa, the piped gas industry in Southern Africa is undergoing rapid expansion.

Read more...

The use of plastic pipes in gas pipelines

South Africa’s gas industry is on the cusp of great growth and expansion in light of a potential global oversupply of shale gas. Locally, the Department of Energy has confirmed the potential development of regional gas-fields, which will lead to natural gas becoming a more important fuel in South Africa.

Read more...

Saldanha Bay IDZ Licencing Company Bill finalised

The SB IDZ Licencing Company Bill was at its final stage and the DA in the Western Cape says it is pleased with the progress that has been made by the Standing Committee on Economic Opportunities, Tourism and Agriculture in the Western Cape, together with all stakeholders. The oil and gas service sector forms part of the Western Cape’s strategic objectives and aims to increase direct jobs by more than 21,000 within the next five years.
 
The draft of the SB IDZ Licencing company Bill 2015 was referred to the Standing Committee on 28 February 2016 for consideration and reporting.  Public hearings were conducted in Saldanha Bay and Cape Town on the 1st and 2nd of March. 2016. The Standing Committee deliberated the contents of the Bill and took into consideration both, written and verbal inputs made by all stakeholders. The informal and formal consideration of the Bill was concluded by the Standing Committee on 22nd March 2016.  
 
This bill deals with only the essential provisions and is not isolated in its existence, but fits into a whole host of national legislation -more specifically the Special Economic Zone Act, the Companies Act and the PFMA. Without this Bill, the SB IDZ cannot transact or conclude its property agreements with the IDC and TNPA, nor can it transact with SARS.
 
The West Coast District economy contributes to 32% of the Western Cape GDP in 2013 and the fourth largest employer within the Western Cape. The development of the SB IDZ forecasts R53,4bn cumulative contribution to the WC GGP by the end of 2020, with an approx. R8,2bn in cumulative taxes back to the national fiscus. 
 
As Chairperson of the Standing Committee on Economic Opportunities, I would like to extend my gratitude to everyone involved in the process for their continued dedication and hard work throughout the bill process.  The DA led Western Cape Government continues to lead the way in youth development and affording the people of the Western Cape endless opportunities.
Read more...

Easigas and Reatile Gaz merge

Following the gas shortage in July and August, Easigas (Pty) Ltd (“Easigas”) and Reatile Gaz (Pty) Ltd (“Reatile Gaz”) are to merge their respective liquified petroleum gas (“LPG”) interests in Southern Africa.

Read more...

Developing young welding talent in South Africa

Air Products South Africa, sponsor of the South African Institute of Welding’s (SAIW) Young Welder of the Year, sees the competition as another opportunity to further its aim of investing in the youth of this country. The company’s corporate social investment (CSI) strategy has long been focused on education and training initiatives, especially in areas where there is an urgent need for skills development.

Read more...
Subscribe to this RSS feed

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT High-tech connection solutions by Lapp https://t.co/wsFIY9V0aU https://t.co/KK9JPncbeT
8hreplyretweetfavorite
BusinessNewsCT Competition time! Don't forget to sign up for @ConnexionZone's competion where you stand a chance to win a R45 000.… https://t.co/4lwc62Px5q
8hreplyretweetfavorite
BusinessNewsCT Load-shedding risk increases as coal stockpiles drop https://t.co/sTK9wQy98q https://t.co/Tp07CCbpes
8hreplyretweetfavorite