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


Executive Member
Jul 5, 2009
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


Well-Known Member
Aug 7, 2006
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