Bate still expects to play role in green transition following IDC departure
Former Industrial Development Corporation (IDC) COO Joanne Bate, who departed the development financier at the end of January, expects to continue to play some role in South Africa’s green energy transition but has not yet taken up any specific new position.
Having worked for the IDC in the late 1990s, Bate rejoined the State-owned entity on a five-year contract in February 2020, following a period in the commercial banking sector that included stints with HSBC and Barclays/Absa.
Her tenure as COO coincided with a period of economic turbulence for the IDC, which was affected not only by the Covid-19 shock, but also the July 2021 riots in KwaZulu-Natal and Gauteng and the devastating KwaZulu-Natal floods of 2022.
The organisation has since recovered, reporting a R40-billion growth in total assets at the end of its last financial year.
Bate describes her and the IDC’s role in the advancement of South Africa's green hydrogen and just energy transition strategies over the past five years as standout achievements.
She highlights in particular Cabinet’s approval in 2023 of the Green Hydrogen Commercialisation Strategy, as well as the Just Energy Transition Investment and Implementation Plans, which were approved by Cabinet in 2022 and 2023 respectively.
While stressing that she had made no decisions about her future plans, Bate said she was “highly likely to remain in the green hydrogen, green industrialisation, or transition space”.
The IDC has advertised for a new COO and has appointed David Jarvis as acting COO.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation