South Africa:
Exports, Imports and its Place in its Region and World
South Africa is one of Africa's most industrialized nations. However, it faces many challenges stemming from its exorbitantly large HIV / AIDS rates and its long history of apartheid.
Energy is key to South Africa's economy, and coal is one of its most important exports. Although only one-third of coal produced in South Africa is exported, primarily to the European Union (EU) and also to East Asia, and in fact, South Africa was the world's third largest net coal exporter (73.7 mmst) in 2002.
Most of the South African coal exports pass through the aforementioned Richards Bay Coal Terminal (RBCT). With the capacity to export an amazing 79.4 mmst annually, RBCT is the easily world's largest coal export facility. Currently, only shareholders of the RBCT Company-- including Ingwe, Anglo, XCSA, Total South Africa, Sasol, Kangra and Eyesizwe, and JCI/Lonrho/Duiker. Ingwe, Anglo and XCSA-- are permitted to use the RBCT export facility. Ingwe, Anglo, and XCSA combined own 86% of the RBCT.
Although the sister South Dunes Coal Terminal (SDCT) opened in 2000 to facilitate the participation of empowerment corporations in the coal export sector, RBCT exporters and the SDCT partners agreed in June 2001 to expand the RBCT facility as well. Because no brand new rail infrastructure is needed, RBCT's expansion...
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