JSE small cap darling Renergen overcomes snags, produces first helium - next stop a $750m plant

Helium start-up Renergen has delivered its first gas, overcoming production problems which had knocked the confidence of investors. In this interview, CEO Stefano Marani explains why this is a game-changing for the company, potentially unlocking a $750m new plant for the JSE-listed company whose stock is much beloved by South African retail investors. However, he is unable to resist ranting against 'short-sighted' institutional investors. Marani, whose company has been awarded South Africa's first and to date only onshore petroleum production licence, also weighs in on the Karoo fracking debate, supporting the regulator's view that exploratory drilling needs to be conducted as soon as possible. He spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices