The decision that cost South Africa R23 billion in GDP and 20,000 jobs

BusinessTech | 03-09-2026 02:53pm |

A Constitutional Court ruling against Shell, which prevents offshore oil exploration, could cost South Africa R23 billion in GDP and 20,000 jobs. While environmental groups have celebrated the decision, the economic implications are significant. The ruling halts potential oil exploration activities that were expected to contribute substantially to the economy. The decision highlights the tension between environmental protection and economic development.

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