Thebe Energy & Resources takes advantage of the fact that significant resource and energy infrastructure development has to still take place within Africa. This pillar holds both upstream (exploration and production) assets such as coal mine and gas field developments, as well as downstream assets such as South Africa’s largest oil refinery and fuel distribution network. We are further developing midstream assets for oil and gas imports (LNG terminals), storage (tank terminals) and transportation (pipelines) as we realise that Africa will need to import and transport much of its energy fuel requirements going forward. The Energy & Resources Division is further geared to monetise and maximise the value of its producing and infrastructure assets across the value chain by investing in power utilities (both baseload and renewables) to provide natural off-takes, as well as chemicals, biomass and water plants.