Tuesday, February 25, 2014
Shale gas has sparked the interest of South Africa’s Public Investment Corp. (PIC). Dan Matjila PIC’s CIO told Reuters that it is ready to invest in a domestic shale gas industry once it gets underway.
The intention to invest in shale gas by the PIC shows South Africa’s commitment to the shale industry.
“Shale will be a game changer here and we will be the biggest investor,” Matjila said on the sidelines of a listing event at the Johannesburg stock exchange. “There is no doubt that we will want to participate in these shale projects.”