Oil and gas to fuel west coast growth

It was recently announced that Royal Bafokeng Holdings is involved in two oil and gas projects in Saldanha Bay which could total an outlay of more than R4-billion. Phase 1 of the Sunrise Energy liquid petroleum gas import facility terminal, costing R1-billion, was officially launched in August this year. According to the company’s CEO, Pieter Coetzee, the next two phases would cost R200-million each, while a road-to-rail facility would be around R50-million. Royal Bafokeng’s CEO, Albertinah Kekana, said Sunrise Energy’s LPG import and storage terminal was the largest in Africa. Royal Bafokeng’s second Saldanha project is a R2,6-billion oil tanking venture, already under construction and due for completion by 2019.

Saldanha has long attracted a variety of businesses, with the oil and gas players the latest to take advantage of being located in a port larger than those of Durban, Cape Town, Richard’s Bay and Port Elizabeth combined. The impact on the area is already being felt, with property prices and rental demand in the area soaring.

According to Lew Geffen Sotheby’s International Realty, house sales between 2013 and 2016 showed an increase of nearly 300% in Saldanha Bay alone. Positive effects are expected to be experienced in neighbouring towns too, including the popular holiday town of Langebaan, 30 km from Saldanha.

Kate Richardson, the marketing manager for Langebaan Country Estate, says the industrial development zone (IDZ) in Saldanha has already impacted businesses in Langebaan – with increases in demand for accommodation, conferencing and leisure from local businesses. Once the IDZ is at full capacity, the spin offs for Langebaan will provide even more business and thus job opportunities for the whole area. It’s a very exciting time, she says.

Contact Kate Richardson, Langebaan Country Estate, Tel 022 772-2112, kate@lce.co.za

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Source: EE plublishers