In 2023, ENI wants to start operating in the baleine offshore field, which it only discovered three months ago. It intends to rely on its experience ... in Ghana and the good Ivorian infrastructure that already exists.
A stronger rand will increase the purchasing power of renewable-energy providers who source components from China. A healthier currency is “very useful,” especially for the solar power industry, Boynton says from Cape Town. “It’s a big plus.”
Boynton says the rand is likely to continue to be “very volatile”, but is likely to appreciate this year. OMAI predicts that South Africa will have a flat current-account balance in 2021, rather than the usual deficit. There has been a “material change” in the balance of trade as the country’s exports have held up well, while imports have suffered due to Covid-19, he says.