Carol Paton Editor at large

The government has reached an agreement with oil giant Saudi Aramco for the construction of a $10bn (about R147bn) refinery at Richards Bay, north of Durban, mineral resources & energy minister Gwede Mantashe said in Cape Town on Thursday.

The project has been in the offing since a visit by President Cyril Ramaphosa to Saudi Arabia in July 2018, when a pledge for the investment into SA was made...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now