South Africa's R23 Billion Oil Question: What Is the Cost of Saying No?

South Africa's energy debate has always been bigger than electricity. It is about jobs, investment, energy security and the country's ability to grow an economy that has spent years struggling to gain momentum. Now, the Constitutional Court's decision to block Shell's offshore oil exploration along the Wild Coast has reopened an uncomfortable question: what might South Africa be giving up in the name of protecting its coastline?

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