Monday, July 30, 2007

S.Africa biofuel subsidy unlikely, says minister

(Reuters) - South Africa is unlikely to introduce subsidies to support a biofuels programme that has been billed as a lifeline for the struggling farming sector, a cabinet minister said on Monday.

The Southern African Biofuels Association says it needs between 2 billion rand and five billion rand a year from the government to get a capital intensive industry off the ground.


Read more at Reuters Africa

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