Aug 22, 2012
Fracking investigation receiving full Cabinet attentionBack
Pretoria|Environment|Exploration|Resources|Shell|Water|Product|Shale Gas|Jimmy Manyi|Power|Water|Fracturing
© Reuse this
Speaking at a post-Cabinet briefing in Pretoria, he said that a clearer picture on the future of fracking would emerge at the next Cabinet briefing, which would be held in two weeks’ time.
“Cabinet is doing everything in its power to ensure that this is dealt with thoroughly,” Manyi said.
The Department of Mineral Resources has placed a moratorium on fracking, pending the completion of a report on the matter. The report would assess the potential costs and benefits of the exploitation of the Karoo shale gas resources, which have been estimated at 485-trillion cubic feet.
A report compiled by Econometrix, and funded by Shell, in March estimated that fracking could add between R80-billion and R200-billion to the country’s yearly gross domestic product if only a small portion of the speculated shale gas resource base was explored.
Nonprofit organisation Treasure the Karoo is opposing shale gas exploration, saying fracking is unsustainable, water thirsty and would damage the environment.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Oil and Gas News
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Today’s organisations execute projects within increasingly complex environments – particularly in the engineering sector. The ability to successfully execute these projects is what drives the realisation of successful projects and, ultimately, the achievement of...
South Africa’s distribution grid is a twentieth-century relic, which must be changed to serve the country’s modern electricity needs, says South African National Energy Development Institute (Sanedi) Smart Grid Programme manager Dr Minnesh Bipath. “What we are...
There is a disparity in government funding provided to integrated transport networks – bus rapid transit (BRT) networks ¬¬– and that given to conventional bus services, says Putco executive director Thys Heyns. “We have neglected and strangled conventional bus...
The Johannesburg Social Housing Company (Joshco) is building 502 rental housing units, valued at R200-million, in Dobsonville, Soweto, which are scheduled for completion in June 2016.
Automotive component manufacturer and distributor Metair is centralising its research and development (R&D) work in Turkey, in an attempt to bolster the company’s ability to produce affordable start/stop batteries. The new R&D centre is part of an expansion plan in...