Category

Corporate & Commercial

investment in south africas gas sector

Considerations for Investment in South Africa’s Gas Sector

By | Corporate & Commercial, Corporate Finance, Energy, Resources & Renewables | No Comments

South Africa has been widely regarded as a mineral and resource-rich country. With the recent propositions to amend the Gas Act 48 of 2001, aimed at attracting foreign investors, the industry is an exciting one to watch. There are, however, many complex considerations to be factored in, not to mention potential pitfalls like the resource curse (seen more in northern parts of Africa). The intricacies of attracting investors (especially international ones) are endless and could in some cases be considered to be more of an art than strictly procedural and showing appealing numbers. The following basic considerations can be borne in mind in this respect.

Considerations when applying for Resource Permits

By | Corporate & Commercial, Corporate Governance and Compliance, Resources & Renewables | No Comments

The Mineral and Petroleum Resources and Development Act of 2002 (“MPRDA”) came into effect on 1 May 2004. In S3, it appoints the State through the Minister of Mineral Resources and Energy of South Africa as the custodian of South Africa’s mineral resources and energy. As with most, if not all, State regulations, there are various protocols which need to be followed for the granting, issuing, refusing, controlling, administration and management of these resources.