Africa: South Africa’s Upstream Petroleum Bill Proposes New SOE, 20 Percent State Stake and BEE Rules

[Daily Maverick] The Upstream Petroleum Resources Development Bill calls for the state to take a 20% stake in exploration and production ventures, and proposes the creation of a new state-owned enterprise (SOE), the State Petroleum Company. Given South Africa's track record on SOEs, what could go wrong?Read the Original Article