South Africa wants to attract investment and developments from Saudia Arabia that can assist in domestic energy challenges, says Ebrahim Patel, the minister of trade and industry of South Africa.
ahead of the 9th session of the South Africa-Saudi Arabia Joint Economic Commission in Pretoria this week, Patel said that government thinks there is an enormous opportunity on the energy front to do deals with Saudi Arabia.
South Africa’s national power utility Eskom has plagued the nation with rolling blackouts, disrupting business and livelihoods. According to the popular load shedding notification app, EskomSePush, as of the start of this week , the country has experienced the equivalent of 81 days of national load shedding so far this year.
Exports from South Africa to Saudi Arabia amount to R5.5 billion, while imports reach R60 billion. The government would like Saudi Arabia to join in the $65 billion of foreign investment that flows into the country.that the region is also exploring gas. He said it will continue having a dialogue with South Africa and help it resuscitate its energy sector.
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