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South Africa's
Avoiding the resource curse will require clear policies that ensure transparency and independence. In early-February, South Africa discovered huge reserves of oil and gas off its shores. President Cyril Ramaphosa, along with many experts, described the find as a “game-changer” and promised legislation to ensure the “world class” discovery is properly regulated to ensure it benefits all concerned. The question for South Africa in trying to reap the most from the estimated 1 billion barrels of oil equivalent, however, is “which legislation?” Many countries across Africa and the world have celebrated the discovery of lucrative natural resources only to find …