scholarly journals The oil crisis and South Africa: A comparison with the world situation

1980 ◽  
Vol 11 (2) ◽  
pp. 50-53
Author(s):  
D. J. Kotzé

Energy as a strategic resource has become a crucial world issue, to sustain future economic growth and survival. The world depends for 95% of its total energy demand, on fossil fuel, supplies of which are limited, while world energy demand is increasing steadily along with population and economic growth. The West depends heavily on oil from the Middle East, and this has placed OPEC countries in a position to demand a twentyfold increase in crude oil prices in nine years. Alternative energy sources are discussed, but the world is still heading for a crisis due to imbalance between energy supply and demand. The energy situation in South Africa differs somewhat because local coal provides 80% of total energy requirements, and stringent conservation measures have achieved large reductions in oil consumption, while uranium, electricity generation and oil-from-coal technologies make the country less vulnerable than most other western countries.Energie as 'n strategiese hulpbron het wereldwyd krities geword, om toekomstige ekonomiese groei en oorlewing te verseker. Vir 95% van sy totale energieverbruik is die wereld afhanklik van fossielbrandstof, waarvan voorrade beperk is, terwyl die wereldvraag na energie steeds met bevolkings- en ekonomiese groei styg. Die Weste moet na die Midde-Ooste opsien vir olie, en dit het OPEC-lande in staat gestel om ruoliepryse in nege jaar twintigvoudig te verhoog. Alternatiewe energiebronne word bespreek, maar die wereld stuur steeds af op 'n krisis weens wanbalans tussen energievraag en -aanbod. Die energiesituasie in Suid-Afrika verskil ietwat omdat plaaslike steenkool 80% van totale energie benodig, verskaf, terwyl streng besparingsmaatreels groot vermindering in olieverbruik meegebring het, en uraan-, elektrisiteit- en olie-uitsteenkool-tegnologiee die land minder kwesbaar maak as meeste ander Westerse lande.

1980 ◽  
Vol 11 (2) ◽  
pp. 45-49
Author(s):  
G. Jan Hupkes

The early 1970s marked a turning point in mankind's economic fortunes and the author takes 1974 as an 'artificial' vantage point from which to look back, but also forward. Several forces led to the shocks of the seventies: the breaking down in the discipline of the international payments system, rising inflation, the oil crisis, the West's loss of strategic military initiative to the East. The author outlines what ought to be done to improve the economic outlook for the 1980s: The international payments system must be placed on a more stable and disciplined footing, inflation must be controlled by balancing of national budgets, the energy crisis must be contained by reduction of oil consumption via the price mechanism. In South Africa the economic watershed year was 1976; two years later than that of the world economy in general. Since then a policy of strict financial discipline has led to a record surplus in balance of payments, which together with new emphasis on the importance of the free market mechanism and increasing energy self-sufficiency, promises a better economic future for South Africa than for many other countries.Die vroee 1970s was 'n keerpunt in die mensdom se ekonomiese lotgevalle en die skrywer neem 1974 as 'n 'kunsmatige' uitsigpunt vanwaar hy terug kyk, maar ook vorentoe. Verskeie magte het gelei tot die skokke van die sewentigs: die aftakeling van die dissipline van die internasionale betalingstelsel, stygende inflasie, die oliiekrisis, en die Weste se afstand van strategiese militere inisiatief aan die Ooste. Die skrywer dui aan wat gedoen moet word om die ekonomiese vooruitsigte vir die 1980s te verbeter: Die internasionale betalingstelsel moet op 'n meer stabiele en gedissiplineerde grondslag geplaas word, inflasie moet deur die balansering van nasionale begrotings beheer word, die energiekrisis moet via die prysmeganisme deur verminderde olieverbrulk beteuel word. In Suid-Afrika was die ekonomiese waterskeidingsjaar 1976; twee jaar later as die van die wereld-ekonomie in die algemeen. Sedertdien het 'n beleid van streng finansiele dissipline gelei tot 'n rekord surplus op die betalingsbalans, wat saam met nuwe klem op die belangrikheid van die vrye markmeganisme en toenemende energie-selfvoorsiening, 'n bater ekonomiese toekoms vir Suid-Afrika as vir baie ander lande beloof.


After two years of study the report of the Workshop on Alternative Energy Strategies (W.A.E.S.) was released in early May 1977 in the fifteen national capitals of the Workshop members. W.A.E.S. is an ad hoc , international project involving 75 individuals from 15 countries. Its objective is to describe a range of feasible alternative energy strategies to the year 2000 for the nations of the World Outside Communist Areas (W.O.C.A.). These 15 countries are major energy consumers, using some 80% of the energy consumed by W.O.C.A. in 1972. Three are also important oil producers and exporters - Iran, Mexico and Venezuela. World oil production is expected to decline before the end of the century under almost any set of world conditions. W.A.E.S. evolved out of the common concern of a number of influential people in various parts of the world who believed that the transition from oil to other energy sources needed to be widely understood and effectively managed in order to avoid major national and international dislocations. The first major task of W.A.E.S. was to identify and agree on the major determinants of future energy supply and demand, to select a range of likely values for these determinants, and to develop a conceptual framework for bringing together the various national and global studies in a way that would be internally consistent, clearly visible and understandable. World energy prices, the rate of world economic growth and national energy policy were selected as the principal determinants of future energy supply and demand to 1985 and to the year 2000. A range of assumptions for each of these key variables was tested and adopted. Specific cases, based on combinations of these principal determinants, were selected to span a wide range of likely future energy supply and demand patterns. ‘Scenario’ is the term used for each case. A ‘scenario’ is not a forecast of the future. Rather, it represents a plausible future constructed from certain specified variables. Adding up the estimates of energy demand and supply for W.A.E.S. countries for each ‘scenario’ of the future, plus estimates for other countries have made it possible to evaluate future world energy balances or imbalances under particular sets of assumptions. The objective of this approach has been to understand better, quantitatively and qualitatively, the major energy issues and choices of the future and to identify which long term strategies will be most useful in balancing future world energy supply and demand. For example, at some point, perhaps before the year 2000, the cumulative national demands for oil imports may well exceed the cumulative potential for oil exports. Years before this happens nations must develop realistic national energy strategies which take account of such a situation. This requires action on a very broad scale, long before such a gap might actually develop, to ensure a smooth transition from energy systems largely based on oil to systems based on other energy sources such as coal and nuclear fuel. The time at which, and the degree to which, the transition from oil to other energy sources is perceived, understood, accepted and acted upon within and among nations will be crucial to an orderly world energy transition. This lecture, which followed the public release of the report, includes a review of the principal conclusions, the methodology used for making supply and demand projections to the year 2000, and some implications for national action and international collaboration. I am honoured to speak to you on the occasion of this first lecture sponsored by the Fellowship of Engineering in conjunction with the Royal Society. Once before I was at a meeting of the Royal Society as a listener, not a speaker. It was in March 1941 at the Society’s rooms at Burlington House. I was in England with Professor J. B. Conant establishing a London office for the conduct of cooperation and liaison between the American scientific efforts in the development of new weapons and the notable efforts going forward in the United Kingdom. I recall the interesting timing device monitoring speakers which went from a green light to yellow at nine minutes and from yellow to red at ten minutes. I copied this device for our Energy Workshop. I needed it only once - at our first meeting. Thereafter, interventions were less than nine minutes.


Author(s):  
Ndwakhulu Stephen Tshishonga

Young people throughout the world are an afterthought of policy and program interventions. In Africa, and particularly in third world nations, the irony of sloganizing youth as the cream or the future of the nation exists alongside tendencies and behaviors that impede their development towards being responsible and full citizens which rather aggravates youth underdevelopment and marginalization. It is an undisputed fact that young people have been the vanguard of liberatory struggles that resulted in dismantling colonialism and apartheid. On one hand, the chapter examines strategies adopted to overcome intergenerational poverty by using narratives (daily experiences of youth) of post-apartheid South Africa. On the other hand, the chapter highlights the uncertainties and frustrations of living in a democratic South Africa, with its failure to open up opportunities for their socio-economic growth, the apartheid discriminatory system, and survival.


2007 ◽  
pp. 104-122 ◽  
Author(s):  
I. Bashmakov

The paper presents a vision of Russian energy future before 2020. The scenario approach is required to identify potential energy supply and demand future trajectories for Russia facing uncertainties of both global energy system evolution and domestic demographic and economic development in 2007-2020. It allows for assessing energy demand by sectors under different investment, technological and energy pricing policies favoring the least cost balancing of energy supply options and energy efficiency improvements to sustain dynamic economic growth. The given approach provides grounds for evaluation of different energy policies effectiveness. Three scenarios - "Inertia Strategy", "Energy Centrism", and "Efficiency Strategy - Four I" - integral-innovative-intellectual-individual oriented energy systems - are considered in the paper. It shows that ignorance of the last scenario escalates either energy shortages in the country or Russian economy overloading with energy supply investments both preventing from sustaining rates of economic growth which have recently been demonstrated by Russia.


2006 ◽  
pp. 119-136 ◽  
Author(s):  
V. Mironov ◽  
S. Pukhov

The tendencies and prospects of the Russian economy development as an energy net-exporter country are considered in the context of perspective supply-demand dynamics in the world energy markets. Medium- and long-term prospects of oil and gas prices dynamics as one of the key factors of economic growth in Russia in the post-crisis period are analyzed. It is shown that due to predicted slowing of the world energy demand growth rates and strengthening in this connection of the competition in the traditional Russian markets the dual Russian economy character (it is not only a producer, but also a rather intensive consumer of energy) makes the problem of internal economy diversification very urgent. A conclusion is made that it is necessary to carry out preventive measures aimed at accelerated transformation of the Russian gas sector (or in addition to the oil sector) into a major factor of economic growth.


2021 ◽  
Vol 13 (5) ◽  
pp. 2645
Author(s):  
Lerato Shikwambana ◽  
Paidamwoyo Mhangara ◽  
Mahlatse Kganyago

The objective of this study is to establish whether there is any relationship between economic growth and emission levels for pollutants (namely carbon dioxide (CO2), black carbon (BC), sulfur dioxide (SO2), and carbon monoxide (CO)) in South Africa, for the period from 1994 to 2019. Data from the world bank, namely gross domestic product (GDP) and CO2 emissions, were used. BC, SO2, and CO data were obtained from Modern-Era Retrospective Analysis for Research and Applications, Version 2 (MERRA-2). The linear correlation coefficient and the environmental Kuznets curve (EKC) hypothesis test were used to determine the relationships. The sequential Mann–Kendall (SQMK) test was further used to study the trends. A correlation coefficient of 0.84, which indicates a strong positive linear correlation, between GDP and CO2 emission was observed. However, the relationship between GDP and CO concentration showed a correlation coefficient of −0.05, indicating no linear relationship between the two variables. The EKC hypothesis showed an N-shape for SO2 and CO. Overall, the results of this study indicate that emissions levels are generally correlated with economic growth. Therefore, a stringent regulatory system is needed to curtail the high emissions levels observed in this study, given the devastating impacts of global warming already ravaging the world.


2016 ◽  
Vol 14 (3) ◽  
pp. 608-616
Author(s):  
Michael C. Cant ◽  
Safura Mohamed Kallier ◽  
Johannes A. Wiid

Research over the years has shown that in order for any business to survive, the correct product mix must be offered to the market. If the product does not satisfy the needs of the market, its reason for existence can be questioned. This principle applies to all businesses – big or small. The question arises if SMEs adhere to this fact and, if so, how they go about doing this. SMEs over the world make huge contributions to economic growth and job creation and are seen to be a driving force for economic growth and development in any economy. In the highly competitive environment that SMEs operate in, selecting the right merchandise for the right customer is important and, in most instances, its ability to survive or perish. This study aimed to determine if SMEs in South Africa make decisions regarding the product mix and, if so, if they conform to different profiles regarding the decisions that they make. A questionnaire was used to collect the data and was sent to SMEs around South Africa operating in different industries. The results indicated that SMEs in South Africa consider product characteristics, consumer behavior and strategic aspects when making product mix decisions. Keywords: merchandising, product, SMEs, product mix, business, South Africa. JEL Classification: M00, M300, M310


2021 ◽  
Vol 2 (3) ◽  
pp. 43-49
Author(s):  
Tonto Chioma Dominic ◽  
Iyabo Ike Sobowale

This article discusses career development management that can help career empowerers combine skills such as applying theoretical constructs realistically and creatively to focus on innovative ways of doing things that make careers possible as factors that provide support to employees in the workplace and contribute on their professional development. In contrast to other approaches to career development, the conventional approach to career development is mainly focused with techniques that are meant to utilize skill development and supply to drive economic growth rather than anything else. However, although the promotion of economic growth is an important goal for career development in South Africa, it is not the only goal for the country's development agenda, which includes a number of other goals. Globally, a vision of career development based on clearly defined economic goals would be at conflict with South Africa's development rhetoric, according to the World Bank's Africa Development Report


Author(s):  
Olalekan Aquila Jesuleye

The study examined solar photovoltaic demand split and fuel wood usage reduction in Eriti and Oke-Agunla villages, that were among the pilot sites for solar electrification programs in the western ecological region of Nigeria. It used questionnaire techniques to elicit information in the local dialect of the respondents, on alternative energy sources for provision of energy services from each of the household's heads, representing solar PV users, in all the 371 households that constitute about 13.4 percent of the 2,778 dwellers in the two villages, for the base year 2020. Specifically, at the rate of the observed 8 dwellers per household, data were obtained from 179 respondents, out of a total of 1,434 dwellers in Eriti village. Likewise, at the rate of the observed 7 dwellers per household, data were also obtained from 192 respondents, out of a total of 1,344 dwellers in Oke-Agunla village. Model for Analysis of Energy Demand (MADE-II) was used for the study. The study showed that the total lighting demand share for solar PV in each of the villages’ total energy demand mix in 2020 was insignificantly low at 5.1 percent share in Eriti village and 6.1 percent share in Oke-Agunla village. Contrariwise, firewood demand maintained as high as 94 and 92 percent share for Eriti and Oke-Agunla villages respectively in the total energy demand mix and by 2030, in Oke-Agunla village, 3-stones-firewood stoves demand for cooking fell drastically from 77% to 30% share, whereas improved firewood stoves demand for cooking rose astronomically from 11% share in 2020 to 45% share by 2030. Nigerian government should adopt such best policy intervention scenario for all the rural areas in the country.


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