Chairperson, this is the question regarding the finalisation of the Petroleum Amendment Bill. Actually, the development and the finalisation of the Petroleum Amendment Bill, addresses peculiar matters pertinent to the petroleum industry and provides investors with the required regulatory certainty to unlock the much-needed invest vestment into the South African petroleum industry - that is the first thing.
The secondly, both the objects and provisions of the draft Bill recognise government's objectives of transforming the country's economy. The provisions of the Bill will, therefore, provide for active participation of black persons, empower the Minister to develop transformation Charter for the upstream petroleum industry, to further government's transformation agenda and empower the state to participate in the petroleum activities for the benefit of all South Africans.
Let me add just one sentence. We have done benchmarking. Where petroleum sector is separated from mining both
sectors perform better. We think that if we want the petroleum sector to grow at the necessary pace, we must liberate it from being an appendage of mining so that both mining and petroleum could flourish.