Oil and gas find could help SA set up sovereign wealth fund, says Mantashe

Gordon_R

Executive Member
Joined
Jul 5, 2009
Messages
5,624
#21
Refined oil, of we can produce enough, is pretty much a sovereign wealth fund. Problem is, as soon as we do make enough then Uncle Sam will come and "fix" our Human Rights, WMD and terrorist "problems".
This well/field reportedly contains mostly gas, so it is much less valuable than oil, since it is harder to transport and process: https://www.businessinsider.co.za/impact-of-brulpadda-2019-2

What has been found?
A gas condensate – basically this is a “wet gas”, gas that contains a small amount of oil.
Reference: https://en.wikipedia.org/wiki/Natural-gas_condensate
 

Hansolo

Well-Known Member
Joined
Aug 7, 2006
Messages
409
#23
Someone should explain to Mantashe a sovereign wealth fund doesn't mean his personal offshore accounts.

Money would be much better spent in reducing taxes, pumping money into NHI, Free higher education, infrastructure, schools, service delivery etc...

On another note, all of a sudden America have a reason to come deliver some democracies.
Oil + Gold with a racist regime in power... Sound familiar to anyone else?
You smell that? Sounds like somebody needs a taste of freedom!? K-Kaaaaaa!? lolz
 
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