Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

South Africa’s Reatile Buys Control of Johannesburg Gas Provider

Reatile Group, a South African investment company with interests in energy, said it bought the 75 percent of Egoli Gas (Pty) Ltd., which provides the fuel to residents in Johannesburg, it didn’t already own.

Reatile paid for the purchase with its own equity and debt from Nedbank Group Ltd., it said in a statement published in Johannesburg-based Business Day newspaper today. The transaction was completed in April, it said. Egoli Gas, which has a pipeline spanning 1,200 kilometers (746 miles) in the greater Johannesburg area and has more than 7,000 customers, will continue with the existing management, it said.

Reatile Group “will continue to search for opportunities and partnerships in liquid natural gas and shale gas,” it said.

South Africa in September lifted a moratorium on hydraulic fracturing, or fracking, which uses a large volume of water pumped underground to help extract shale gas, to assess the area known as the Karoo. This arid area of western South Africa may hold 485 trillion cubic feet of shale resources, U.S. Energy Information Administration data show.

Cottesloe Investment Holdings owned 70 equity in Egoli Gas, while Egoli Empowerment Holdings owned 5 percent before the takeover, according to the gas provider’s website.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.