News

Dear Members & Industry Stakeholders,

Powering the Future

As countries sharing borders, histories, and growth objectives, the energy sectors in Namibia and South Africa are transforming concurrently. Consistent with developments in other developing economies, both countries continue to pursue greater energy independence, resilience and sustainability, as well as the integration of lower carbon and affordable energy technologies into their energy mixes, and increased public and private sector participation.

Dear Members & Industry Stakeholders, 

Dear Members & Industry Stakeholders,
 

Dear SAOGA Members & Industry Stakeholders,

Do not forget to have a look at our packed programme for 2022.  Follow the link (SAOGA Upcoming Events 2022).

We will continue to provide quality networking opportunities for our members, locally and globally, with an increased focus on Sub Saharan Africa and the continent.  

New Membership Types

We now have three new types of membership, in addition to the traditional corporate SAOGA membership. The new membership types are:

1. Individual Associate Membership, where individuals can now become SAOGA members at a nominal fee, whether their companies are members or not.  Associate members will enjoy all the benefits of membership, but they will not have voting rights. 

Dear Members & Industry Stakeholders,

Dear SAOGA Members and Industry Stakeholders,

Herewith please find the attachment to the draft written submissions pertaining to the Gas Act Amendment Bill, which was circulated to the SAOGA Members and Industry Stakeholders for further input from a financial, technical and economic perspective.

Please take note that we welcome comment on the impacts from an industry perspective, by close of business on Monday, 26 July 2021 and feel free to include any additional submissions outlined in the 2013 Bill, that you deem appropriate.

Dear SAOGA Members and Industry Stakeholders,

Herewith please find the link SAOGA Gas Economy Working Group - Submissions (V.1) to the draft written submissions pertaining to the Gas Act Amendment Bill, which was circulated to the SAOGA Members and Industry Stakeholders for further input from a financial, technical and economic perspective.

South Africa's crucial new upstream bill set to head to parliament

Cabinet of President Cyril Ramaphosa gives go-ahead for draft Upstream Petroleum Resources Development Bill to head to legislature, perhaps next month

The Department of Economic Development & Tourism (DEDAT) at the Western Cape Government, together with a number of partner organizations has been running a Covid-19 business workplace safety Programme through the COVID-19 crisis. Part of this has involved managing a non-compliance complains line, which has now dealt with just over 4 000 complaints.

COVID -19 LEVEL 4 LOCKDOWN - HEALTH AND SAFETY MEASURES IN THE SOUTH AFRICAN PORT SYSTEM
As announced by President Cyril Ramaphosa on 23 April, South Africa has moved to Level 4 national lockdown as from 1 May 2020 and this measured approach allows additional commercial activity to ignite the economy.

Please follow link below for full Update.

This document serves as a draft framework for the risk-adjusted strategy to bring different sectors of the economy back to work.

Classification of sector follows the Standard Industrial Classifications (SIC) as published by Statistics South Africa. Where an entire division is permitted, it should be assumed that all subgroupings are permitted as well. Where only certain subgroupings are specifically permitted within a division, it should be assumed that other subgroupings are not.

The IDC Covid-19 Essential Supplies Intervention is designed to
provide funding to companies that have capacity to acquire and/
or manufacture products needed to treat, curtail and combat the
spread of the Covid-19 pandemic.

For more information read the attachment:

As South Africa enters the nation-wide lockdown declared by President Cyril Ramaphosa this week to contain the spread of the Covid-19 pandemic, black entrepreneurs can look forward to funding of between R500,000 and R10 million in concessionary loans to purchase machinery, equipment and raw materials and to fund other working capital requirements for the manufacture and supply of medical masks, sanitisers, dispensers and related healthcare products.

The Business Hub Helping your business deal with the Corona pandemic

 
This guide provides the following essential information to help your business navigate the COVID-19 lockdown:

- Where to find COVID-19 lockdown regulations
- A clear explanation of what constitutes essential goods  and services
- How to apply for an essential business permit
- Government funding available to SMMEs

For more information open the attachment below.

South Africa’s coronavirus debt relief fund for businesses is now live. To assist businesses during this difficult time, the Department of Small Business Development has launched a debt relief fund to help mitigate the impact of the economic shutdown caused by the coronavirus on small, micro and medium enterprises (SMMEs). To qualify for access to the fund, businesses will be required to register on the SMME South Africa platform http://www.smmesa.gov.za/

The South African Future Trust (“SAFT”) is an independent trust, in partnership with the South African government and private sector. SAFT will extend direct financial support to SMME employees who are at risk of losing their jobs or will suffer a loss of income because of COVID-19. SMMEs should register their interest directly with their bank. Currently this scheme is limited to clients of Standard Bank, ABSA Bank, First National Bank and Nedbank for more information please follow the link below.

The Motsepe Foundation and its associated companies, which include Sanlam and African Rainbow Capital. The foundation indicated a keenness to assist those in our society who are particularly more vulnerable. The foundation is going to be spending some of the funds on essential items like sanitisers, disinfectants and personal protection equipment gear to help in the healthcare system. Please follow the link below to apply.

The Department of Labour has introduced a new e-mail address for the Temporary Employer/Employee Relief Scheme (TERS) to help companies fund their employees’ wages amid the COVID-19 pandemic.

To obtain application forms and all relevant details, send an email to: covid19ters@labour.gov.za or call  (012) 337 1997.

The impact of COVID-19 on the Oil & Gas Prices and Capital Spending

Key takeaways

  Rovuma LNG project on hold due to coronavirus and gas slump

§  Oil majors continue to achieve softer earnings due to crude and natural gas price environment

§  OFS and Oil & Gas EPC companies’ 2019 earnings hit by impairments

§  Coronavirus outbreak continues to weaken crude oil and natural gas prices

§  Oil companies revise their capital budgets and dividend payments downwards on the back of crude oil price crash