BNC London: James Lorimer - Unlocking SA's energy treasure trove of oil & gas discoveries

Loading player...
In a riveting keynote address at the BizNews Conference in London, DA Shadow Minister of Mining, James Lorimer MP, unveiled groundbreaking discoveries reshaping the nation's energy landscape. With the revelation of vast gas and oil reservoirs beneath Mpumalanga's soil and offshore along the Orange Basin, South Africa stands at the cusp of an economic revolution. Lorimer's detailed exploration of these finds, from Connecticut's pioneering gas-to-power ventures to Namibia's offshore bonanza, painted a picture of transformative potential. Despite challenges from government legislation and environmental activism, optimism reigns as South Africa eyes a future fueled by its abundant natural resources, poised to uplift its populace and rewrite its economic narrative.
16 May 2024 7AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min