The Spanish Association of Fluid Handling Equipment Exporters, FLUIDEX, will visit South Africa in 2021.
A delegation of Spanish companies will travel to South Africa.
South Africa is the economic giant of the African continent: its GNP accounts for almost 40% of Africa's total GNP. In the secondary sector, 75% of the large companies in the African continent are South African. South Africa has a subsoil rich in mineral resources. It is the largest producer and exporter of gold, platinum and chrome, and the fourth largest diamond producer in the world.
OIL & GAS:There is offshore potential in deep water that has been identified by Shell, Exxon and Total, announcing drilling operations by Total. Shell also expressed interest in starting drilling in the "Orange Basin". Since 2012 hydraulic fracturing (or fracking) has been allowed, with which Bundu Oil & Gas, Chesapeake Energy, Chevron, Falcon Oil & Gas, Sasol, Shell and Statoil are some of the actors that are implementing the development of shale gas in the country, with the connivance of the government.
WATER: The infrastructure in the water sector in South Africa is not adequate, and distribution networks are obsolete, resulting in poor water quality and poor wastewater treatment, as well as a large percentage of leaks. The opportunities are many but the financing is limited. On the other hand, the shortage of natural resources and their mismanagement has resulted in a lack of water and rationing in certain regions (especially Gauteng). For all these reasons, it is expected that the legislation will change to favor a better management of resources.
Despite the high GDP growth rates registered in recent years, the level of development of the economy remains very limited. The majority of the population continues to depend on subsistence agriculture, limited access to the market due to the major shortcomings of transport infrastructure and energy supply. The country has large reserves of coal and other minerals that are just beginning to explode, and natural gas reserves that may be among the largest in the world have recently been discovered in the north of the country, which seems to open excellent development prospects in the next years.
OIL&GAS: There have been prolific natural gas discoveries in Mozambique's northern offshore Rovuma basin since 2010 that have the ability to transform Mozambique into a substantial exporter of liquefied natural gas (LNG). However, international companies involved have not made a final investment decision and LNG exports are unlikely to start before 2020.
WATER: Basic water and electricity supply services are state monopoly and cover only a small part of the population, mainly in urban areas and with frequent supply disruptions. Mozambique has identified a number of water and sanitation programs financed by international cooperation agencies and organizations. In addition to these far-reaching programs, there are a multitude of smaller-scale projects and interventions distributed throughout the country, or including at least some component of well construction or rehabilitation, improvement of water systems, etc. The sector is a priority to fight poverty and develop the economy in the country.