for subscribers

CSIR fracking report shows the downside

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - If exploration for shale gas goes ahead in the Karoo, only 60 to 900 jobs will be created, and it is not going to add much value to the economy if government, as has become the “pattern” of late, simply keeps on spending the additional tax income on paying the salaries of additional government employees.

This is according to the final estimates from the CSIR research on shale gas exploration, which it carried out on the instruction of government and published last week.

The purpose of the research is to establish a framework within which the decision can be made on whether shale gas should be extracted through hydraulic fracturing – also known as fracking – should shale gas be found in the exploration process.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.62
(-1.25)
ZAR/GBP
23.01
(-0.54)
ZAR/EUR
20.78
(-0.41)
ZAR/AUD
12.62
(-0.16)
ZAR/JPY
0.17
(-0.83)
Gold
2031.70
(-1.76)
Silver
28.22
(-5.12)
Platinum
963.00
(-3.55)
Brent Crude
45.10
(-0.18)
Palladium
2177.00
(-2.22)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 926 votes
It depends on how the funds are used.
74% - 6217 votes
No. We should have gotten the loan elsewhere.
15% - 1278 votes
Vote