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.
CEL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
