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Exxon Mobil, US energy producer intends to search for crude and natural gas in South Africa. Dave van der Spuy (resource evaluation manager at Petroleum SA) believes the level of activity and interest in SA is at its highest. With SA being the continent’s biggest oil importer, international energy companies with new technologies are entering SA. Mozambique is another energy province, with the largest gas finds.
Last year saw the expansion of global fashion brands expanding into South Africa, due to the increasing consumer culture; Africa attracts investments from international companies. Global retailers are looking for new income streams in SA, as it has a relatively untapped market. This puts pressure on local retailers to shorten their merchandise cycle to remain competitive with the other brands. This means a wider variety for local consumers as more brands expand into SA, which previously had a conservative clothing market.
The fight between farmers and the state of Zimbabwe for land has been a prolonged battle, widely seen as executive self-help. The SADC (Southern African Development Community) tribunal was set up for individuals who had exhausted their country’s domestic courts, which was later suspended. It was later decided to amend the protocol for the tribunal which now disallows individuals from approaching it, though it has been much condemned.