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28 June 2019 | Story Xolisa Mnukwa
UFS Thought Leader series
The 2019 UFS Thought-Leader Series explores techniques of renewal and solutions for economic growth and entrepreneurship as an instrument of development for South Africa.
The University of the Free State (UFS), in cooperation with Vrye Weekblad, will present the second consecutive Thought-Leader Series as part of the Vrystaat Arts Festival on Thursday 4 July in the Economic and Management Science Auditorium (EBW Auditorium) on the UFS Bloemfontein Campus.

As a higher-education institution, the UFS deems itself responsible for contributing to local and national public discourses by assembling industry experts to deliberate on imperative topics that affect students, the broader community, and the country in one way or another. 

Topic of discussion for 2019 Thought-leader series 

In 2019, the UFS Thought-Leader series unpacks Economic Growth and Entrepreneurship for a Growing South Africa in the form of two concentrated panel discussions which will address the questions, ‘How can we fix the South African economy and create jobs?’ and ‘How can we establish a pro-youth entrepreneurship strategy for South Africa?’ respectively.

Expert panellists to discuss economic growth and entrepreneurship

Editor of the Vrye Weekblad, Max du Preez, will be facilitating discussions between panellists. The following panellists will participate in the first panel: Executive Director at the Centre for Politics and Research and political commentator, Prince Mashele; Vice-Dean (Strategic Projects) of the UFS Faculty of Economic and Management Sciences, Prof Philippe Burger; Director and Chief Economist at the Efficient Group, Dawie Roodt; and Chief Economist at Investec, Annabel Bishop.  

Chief Executive Officer at Harambee Youth Employment Accelerator, Maryana Iskander; Senior Banker at the Rand Merchant Bank, David Abbey; and Head of the UFS Department of Business Management, Prof Brownhilder Neneh, will form part of the second panel. 

Details about the event:

Date: 4 July 2019

Time: 10:00
Panel 1: How can we fix the South African economy and create jobs?’ 

Time: 12:00
How can we establish a pro-youth entrepreneurship strategy for South Africa?’ 

Venue: Economic and Management Sciences Auditorium (EMS Auditorium), UFS Bloemfontein Campus

More information: +27 51 401 3422 or news@ufs.ac.za
 

News Archive

Fracking in the Karoo has advantages and disadvantages
2012-05-25

 

Dr Danie Vermeulen
Photo: Leatitia Pienaar
25 May 2012

Fracking for shale gas in the Karoo was laid bare during a public lecture by Dr Danie Vermeulen, Director of the Institute for Groundwater Studies (IGS). He shared facts, figures and research with his audience. No “yes” or “no” vote was cast. The audience was left to decide for itself.

The exploitation of shale gas in the pristine Karoo has probably been one of the most debated issues in South Africa since 2011.
 
Dr Vermeulen’s lecture, “The shale gas story in the Karoo: both sides of the coin”, was the first in a series presented by the Faculty of Natural and Agricultural Science under the theme “Sustainability”. Dr Vermeulen is a trained geo-hydrologist and geologist. He has been involved in fracking in South Africa since the debate started. He went on a study tour to the USA in 2011 to learn more about fracking and he visited the USA to further his investigation in May 2012.
 
Some of the information he shared, includes:

- It is estimated that South Africa has the fifth-largest shale-gas reserves in the world, following on China, the USA, Argentina and Mexico.
- Flow-back water is stored in sealed tanks and not in flow-back dams.
- Fracturing will not contaminate the water in an area, as the drilling of the wells will go far deeper than the groundwater aquifers. Every well has four steel casings – one within the other – with the gaps between them sealed with cement.
- More than a million hydraulic fracturing simulations took place in the USA without compromising fresh groundwater. The surface activities can cause problems because that is where man-made and managerial operations could cause pollution.
- Water use for shale-gas exploration is lower than for other kinds of energy, but the fact that the Karoo is an arid region makes the use of groundwater a sensitive issue. Dr Vermeulen highlighted this aspect as his major concern regarding shale-gas exploration.
- The cost to develop is a quarter of the cost for an oil well in the Gulf of Mexico.
- Dolerite intrusions in the Karoo are an unresearched concern. Dolerite is unique to the South African situation. Dolerite intrusion temperatures exceed 900 °C.

He also addressed the shale-gas footprint, well decommissioning and site reclamation, radio activity in the shale and the low possibility of seismic events.
 
Dr Vermeulen said South Africa is a net importer of energy. About 90% of its power supply is coal-based. For continued economic growth, South Africa needs a stable energy supply. It is also forecast that energy demand in South Africa is growing faster than the average global demand.
 
Unknowns to be addressed in research and exploration are the gas reserves and gas needs of South Africa. Do we have enough water? What will be the visual and social impact? Who must do the exploration?
 
“Only exploration will give us these answers,” Dr Vermeulen said.

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