Boardroom Talk – Comparative energy costs help explain why Nigeria, Egypt are pulling ahead of SA

As our cartoonist Dave Doubell points out, SA's Electricity Minister has a lot of work on his plate before he should be doing any dancing

By Alec Hogg

Nigeria ending its fuel subsidy pushed the oil-rich nation's petrol price to the equivalent of US80c a litre – apparently emptying Lagos's famously clogged roads, but unleashing a torrent of complaints from citizens. Nigerian petrol, though, remains well below the US ($1.01); China ($1.19); India ($1.26) and the UK ($1.88). SA's pump price per litre is $1.21.

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