From Creamer Media in Johannesburg, this is the Real Economy Report. South Africa’s national oil company PetroSA aims to make an investment decision on a $375-million to $510-million liquefied natural gas import facility near Mossel Bay, in the Western Cape, during the fourth quarter of 2014.

The group’s LNG project manager Carlo Matthysen outlines the rationale for the proposed project, which is designed to sustain its gas-to-liquids facility, as well as enable power utility Eskom to convert its Gourikwa peaking power plant from diesel to gas.

Report by Terence Creamer.

PetroSA’s LNG project manager Carlo Matthysen

Shannon de Ryhove:
Other news making headlines this week: A new water-distillation device ensures clean water for Eastern Cape clinics; The International Finance Corporation and the National Housing Finance Corporation commit $63-million to the affordable housing fund; and Export-led growth strategies are no longer 'viable', says Unctad.

An energy efficient water-distillation device is providing clean drinking and medical water at six sites in the Eastern Cape as part of alpha-phase tests conducted by drinks giant Coca-Cola Company and research and development firm Deka Research and Development.

Deka R&D project manager Andy Racicot

The International Finance Corporation and the National Housing Finance Corporation have committed more than $63-million in investment to global private equity investor International Housing Solutions’ second affordable housing development fund in South Africa.

NHFC CEO Samson Morab

A new United Nations Conference on Trade and Development study argues that, five years since the onset of the financial crisis, the global economy remains in a structural crisis and it is, therefore, not possible for countries to pursue pre-crisis growth strategies, including export-led development policies.

Trade and Development Report 2013 co-author Diana Barrowclough

That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.