Although they live in a country possessing two thirds the land mass of its southern neighbour, there is only Namibian for every 24 South Africans. The reason is obvious – Namibia’s 1600km coastline is windy and the water freezing cold – so outside of small pockets, it holds little appeal. Ditto the interior which is mostly inhabitable desert.
But those previous disadvantages have suddenly transformed into massive assets.
As the article below by our US partners at The Wall Street Journal explains, Namibia is ideally positioned to become a global leader in producing and exporting renewable energy. More specifically, green hydrogen. Wind and heat is exactly what the post-fossil fuel age ordered. Plus. Namibia is also relatively corruption-free. So the energy-hungry Rich North is paying attention.
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This is great news for SA. A prosperous Namibia will support the whole region. It may even drag SA’s ideologically-defective politicians into the new world. And offset SA’s magnetic status for migrants. Mozambique’s world class gas fields and now Namibia’s green hydrogen potential provide alternatives for those seeking better lives to the south. Hope springs.
More for you to read today:
Two superb pieces on Politicsweb from peerless RW Johnson –
* Thinking about our New Politics (1): Malema’s game. What the EFF leader is up to; plus the ANC and Zanu-fication; and
* Thinking about our New Politics (2): Decline of the ANC’s patronage networks. The former Oxford Don writes on Cyril Ramaphosa’s predicament ahead of the crunch 2024 National Election.
* The Intelligent Investor: What’s not to like about a fund with a 7% US Dollar yield? A booming US stock market isn’t what most conservative investors think of as a source of income. But that, and leverage, are the magic behind the juicy pay outs in a popular ETF.
* PS A reminder there’s just four days left to take advantage of Orbvest’s taste-it-before-eating offer to co-invest in its US medical properties. Until Xmas, Orvest has dropped the minimum investment from $5000 t0 $100 – for BizNews community members only. Follow this link for more details: https://orbvest.com/bnb-invest-earn-grow
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