PROGRESS!!, page-8

Did anyone see this KPMG report on the economic benefits of fracking in SA ?

http://www.timeslive.co.za/thetimes/2016/10/13/Fracking-worth-R11-billion-to-SA

http://www.rhinoresourcesltd.com/wp...f-Onshore-Gas-Development-in-South-Africa.pdf


findings in the study included:

• Increased tax revenue – an additional R34 000 of government revenue could potentially be added to the national government fiscus for every R1 million of sales generated in the natural gas industry.
• Poverty alleviation – future sales generated implies poverty alleviation impact for the South African economy, about 3.3 percent of additional household income could potentially flow to low-income households.
• Increased investment – stimulates other industries in the economy through various linkages and in turn contributing directly to economic development through creating employment, tax revenue, economic growth and large amounts of investment.
• Improved balance of payments – by exporting natural gas the balance on current account could be positively impacted contributing to reducing the overall balance on the current account deficit.