Continental Focus, International Reach

Shale Peaks PIC’s Interest

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.”