FINDING alternative energy resources has become a priority for South Africa.
Finance Minster Nhlanhla Nene said while the financial position of some state enterprises was “very unsatisfactory”, it was not just an inconvenience when the lights went out – there was a real cost to the economy in production, jobs and income.
Nene said these electricity constraints held back growth in manufacturing and mining.
With shale gas exploitation being dubbed a “game changer” for South Africa’s energy crisis, Nene announced yesterday that R108million had been allocated for research and regulatory requirements for licensing shale gas exploration and fracking.
Treasure the Karoo Action Group operations director Jeanie le Roux said it did not make sense to commit to research this late in the game.
-Cindy Preller and Xolisa Phillip
For the full story read The Herald, or get the complete newspaper, including comics, classifieds, crosswords and back editions in our e-Edition.