Africa · ZAF
South Africa
A coal economy with a load-shedding memory. Eskom’s fleet is the growth ceiling.
Oil production
0.0 mb/d
0.6 mb/d demand
Net oil
-0.6 mb/d
Import gap
Gas production
0 bcm
Net -4 bcm
O&G rent
0.8%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.5 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil79%
- Gas21%
Economy
Mining output tracks megawatts. Private solar and wheeling are the corporate workaround. Export coal still earns hard currency; the just-energy-transition deal is the political hinge.
- GDP
- $0.4 tn
- Population
- 64.0 m
- Oil intensity
- 0.5 bbl /$1k
- Oil & gas rent
- 0.8% GDP
- Hydrocarbon trade
- 2.1% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -15.1 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.7 mb/d (net -0.7) versus NZE 0.5 mb/d (net -0.5).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.6 | 0.6 | 0.7 | 0.9 |
| Net Zero 2050 | 0.6 | 0.6 | 0.5 | 0.2 |
| Current Policies | 0.6 | 0.6 | 0.8 | 1.0 |