COMMENT: The recent gas discovery off South Africa’s coast is ripe with economic opportunity, particularly for the economic empowerment of the most disadvantaged demographic in our labour market — black women.
The recent gas discovery off South Africa’s coast is ripe with economic opportunity, particularly for the economic empowerment of the most disadvantaged demographic in our labour market — black women.
Exploration, such as that undertaken by Total off South Africa’s coast, and any ensuing economic benefits were among the aims of African states during the negotiations that culminated in the adoption of the convention. The 2050 Aims is the roadmap crafted by African leaders to use the continent’s ocean spaces to contribute towards meeting its ambitions.
This led to the adoption of the Balaclava Declaration on Women’s Economic Empowerment and Gender Equality in August last year as a prerequisite for sustainable development. A concern about the gas discovery is the adequacy of South Africa’s mineral and petroleum legislation to address issues associated with offshore petroleum exploitation. In its current form, the Mineral and Petroleum Resources Development Act is in inadequate. Minerals Minister Gwede Mantashe has realised this and declared that a draft oil and gas Bill will be developed.
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