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South Africa

Shale gas in South Africa: Game-changer or damp squib?

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Horizontal drilling and hydraulic fracturing, otherwise known as fracking, has in the past few decades made available the gas in previously ‘tight’ shale geologies. This has shaken up the energy sector worldwide by contributing to relatively low oil prices. Almost all the shale gas development has taken place in the US where production has increased from about one to nearly 16 trillion cubic feet (tcf) over the past 25 years. There are indications that shale gas may be present in a semi-desert region of South Africa known as the Karoo. The core region alone has an area of 400,000 km². If a viable gas resource were to be developed in the Karoo, what impact would it have on the global shale gas market? And how would it affect the energy economy of South Africa?

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How 17-year-old Rabia Ghoor is building her own make-up brand

BY SUNITA MENON

Rabia Ghoor is at the helm of a make-up and skin-care empire, has conquered the e-commerce market with a niche product and has her brand SwiitchBeauty on the tip of every SA make-up artist’s tongue and she’s not even old enough to vote or drive. Dressed in a crisp black pants suit with perfect eyeliner that could rival any Mac artist’s, Ghoor is all smiles but gets straight to business and her business insight could rival that of seasoned entrepreneurs. It’s disarming when she throws in a pop culture reference her current favourite is "bye Felicia" as a dismissive farewell and you remember that she’s just 17. Even as she negotiates business deals and creates innovative products, she’s most excited about turning 18 in February so she can get her driver’s licence.

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PROFILE: Yael Geffen, spearheading the family dynasty

BY JOAN MULLER

As the newly appointed CEO of Sotheby’s International Realty SA, Yael Geffen becomes the only woman to head one of SA’s top four real estate groups. At 38, she’s also one of the youngest CEOs in the industry. She has the daunting task of spearheading the family dynasty’s next growth phase at a time when the industry is facing a number of challenges.The family legacy spans nearly 65 years and was founded by Geffen’s late grandmother and industry trailblazer Aïda Geffen, who founded Aïda Real Estate in 1952 and later listed the company on the JSE.

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Lorna Scott, a South African entrepreneur building a gin brand that is exciting the world’s tastebuds

There is something special about passionate people who create products that celebrate the natural indigenous ingredients that come from one place, making them truly unique. Lorna Scott, the entreprenurial inspirational behind the fabulous Inverroche gin brand, is one such passionate creator and brand builder, inspired by the natural botanicals that grow in the world’s smallest yet richest floral kingdom.

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