Although oil prices are already causing extreme hardship to the poor in many African countries they are likely to go higher still. South Africa could use its prestige and power to work with its neighbours to prevent living standards getting even worse.
This document was printed for distribution at the energy conference in South Africa.
The full text of the document is included below, or download the PDF version.
According to the World Bank, higher energy prices can hit the poor twice as hard as those in the highest income group.1 A study in Yemen found that a $15 …