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SA's economic future lies in oil and gas - Zwane

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Minister of Mineral Resources Mosebenzi Zwane speaks in Cape Town on the first day of the Mining Indaba 2017 Conference, the world's foremost conference on mining in Africa. (Rodger Bosch, AFP)
Minister of Mineral Resources Mosebenzi Zwane speaks in Cape Town on the first day of the Mining Indaba 2017 Conference, the world's foremost conference on mining in Africa. (Rodger Bosch, AFP)

Johannesburg – South Africa’s petroleum resources sector is one of the focal points of the Mineral and Petroleum Resources Development Act (MPRDA), and its development will benefit the economy.

This is according to Mineral Resources Minister Mosebenzi Zwane, who addressed the third Deepwater East and Southern Africa Congress 2017 on Thursday. The focus of the congress was South African oil and gas law reform and the future upstream and offshore industry development.

“Our mineral resources are a major contributor towards our GDP, and we hope to augment this contribution with our petroleum resources, a relatively new sector in the South African context,” said Zwane.

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