Name 2 economic benefits of fracking for the South African economy.

Answer 1

1. Job Creation: Fracking has the potential to create a significant number of jobs in South Africa. The extraction and production of unconventional shale gas through fracking would require a workforce in various sectors, including drilling, equipment manufacturing, transportation, and maintenance. This would contribute to reducing unemployment rates and providing income opportunities for many South Africans.

2. Increased Energy Independence and Security: South Africa heavily relies on imported energy sources, such as coal and oil. Fracking could allow the country to tap into its own domestic shale gas resources and reduce its dependency on costly energy imports. This would enhance energy security by diversifying the energy mix and potentially lower energy prices, which would have positive ripple effects on other sectors of the economy.