Finance · South Africa
Seabed Energy Finds Could Create 50,000 Jobs in South Africa
Moneyweb · 2026/02/22
Summary
New discoveries of energy resources under South Africa’s seabed could create up to 50,000 jobs. International oil companies want to work closely with local suppliers and hire South African workers, which means many new opportunities for local businesses and employees. This development is expected to boost the economy by increasing local industry involvement, skills development, and job creation in the energy sector. The use of local talent and suppliers helps South Africa benefit directly from these energy finds, supporting long-term economic growth and reducing unemployment. It is a positive sign for the future energy market and the country’s job situation.
OnABudget takeaway: This means more job opportunities and chances for small businesses to grow as international companies look to buy local services and employ South African workers. It’s a good time for investors and workers interested in the energy sector.