In this opinion article, Professor Vally Padayachee argues that a South African Incorporated (SA Inc.) perspective holds tremendous potential for shaping the future of South Africa, by providing a framework for a unifying vision that promotes shared responsibility and common aspirations. The article also explores how the electricity sector emerges as a vital pillar of economic and social development.

South Africa’s present reality is steeped in significant socio-economic challenges. The ongoing electricity crisis, characterized by high electricity prices, frequent load reduction and inefficiencies, profoundly impacts our economy and communities. This crisis arises from a complicated history marked by apartheid and colonialism, which has entrenched systemic inequalities. 

The staggering statistic that around 60% of the population is affected by poverty, inequality, and unemployment underscores the immediate need for tangible solutions. Additionally, South Africa's Gini coefficient of 0.63—indicative of extreme income inequality—highlights a substantial divide between wealthy and impoverished sectors of society. 

This urgent environment creates a pressing need for hope that can galvanize individuals and communities to rise above their circumstances. 

THE ROLE OF UNITY 

A cornerstone of the SA Inc. framework is unity. It emphasizes that true progress can only be achieved when all citizens come together, transcending personal interests for the greater good. This perspective instils a sense of community and encourages every South African to take an active role in shaping the nation’s future. 

By collaborating towards shared goals, we can cultivate an environment in which sustainable development flourishes, achieving real progress that uplifts everyone as a cohesive unit. 

THE ELECTRICITY SECTOR AS A PILLAR FOR DEVELOPMENT 

The electricity sector is fundamentally linked to the broader development of South Africa. It serves as the backbone for economic growth, allowing businesses to operate, communities to thrive, and individuals to enhance their overall quality of life. Lest we forget that “electricity” as a commodity is a public good and must be treated as such. 

The SA Inc. vision recognizes that addressing the electricity crisis, including energy poverty, is directly related to the nation's progress. By confronting these challenges head-on, South Africa can unlock its potential for growth, innovation, and inclusive development.

THE IMPACT OF RENEWABLE ENERGY PROCUREMENT 

Renewable energy auctions together with competitive bidding represent one of the most promising pathways to a sustainable energy future. These initiatives can significantly lower electricity costs, attract investments, and reduce our carbon footprint amid looming EU tariffs. 

a) Financial Benefits 

Engaging in competitive bidding for renewable energy yields substantial financial benefits for Eskom and municipalities. Auctions can attract diverse participants, creating price competition that may lower electricity costs for consumers while enhancing revenue streams through successful bids. 

b) Offsetting CBAM Taxes 

Proactively acquiring renewable energy sources provides a compelling defence against impending CBAM tariffs. By increasing their share of renewables in the energy mix, Eskom and municipalities can effectively lower carbon emissions, minimizing costs associated with EU carbon tariffs while strengthening market competitiveness. 

c) Development of Local Renewable Markets 

Through participation in renewable energy auctions, Eskom and municipalities can stimulate local renewable energy markets. This engagement encourages investment in clean technologies, creating job opportunities and fostering entrepreneurship. 

A NOBLE ROLE FOR ESKOM AND MUNICIPALITIES 

Eskom and municipalities have a unique opportunity to redefine themselves as champions of sustainable development and social equity rather than merely electricity providers. By engaging in for example renewable energy initiatives, they can lead the charge toward a sustainable energy future, combating climate change while addressing systemic inequalities. 

ADDRESSING UNIQUE CHALLENGES 

As South Africa grapples with multiple crises—ranging from socio-economic issues to shifts in the energy landscape—it is crucial for Eskom and municipalities to embrace innovative solutions that reflect the SA Inc. principles. 

The establishment of a new electricity energy market in April 2026 presents both challenges and opportunities. Stakeholders must embody principles of transparency and accountability, ensuring equitable benefits for all South Africans. 

THE NEED FOR AN SA INC. MINDSET 

The SA Inc. mindset must serve as a rallying cry for citizens to prioritize collective progress over individual interests. This mentality echoes the spirit that fuelled post-war recoveries in nations like Germany and Japan. By fostering interconnectedness, we reinforce the idea that communities thrive when they collaborate. 

THE SOUTH AFRICAN DREAM: A VISION FOR NATION-BUILDING 

The SA Inc. mindset can evolve into a powerful South African Dream—an inspiring vision that emphasizes shared opportunities, social justice, and economic empowerment. This dream encourages citizens to engage actively in their communities and promotes a cohesive society.

CONCLUSION 

The South African Incorporated (SA Inc.) mindset offers a powerful opportunity for the nation to transcend its historical challenges and strive for a vision rooted in equity, justice, and progress. By embracing the South African Dream, citizens can cultivate a collective identity that inspires action and renewal. 

While the challenges confronting South Africa are significant, the potential for transformation lies within the collective will of its people. By investing in one another’s success, we pave the way for an inclusive future. 

Let us harness the potential of the electricity sector and the spirit of collaboration to ensure that every citizen has the opportunity to dream, thrive, and contribute meaningfully to the collective success of our great nation. Together, we can build a future where every South African aspires to a life of dignity, opportunity, and hope—a future that honours the resilience and spirit of all its people. 

Padayachee is currently an AMEU Strategic Adviser, Executive Officer of PIESA, Member of the NRS Association Management Committee, and a Professor of Practice in the Department of Electrical and Electronic Engineering Science and an Industrial Advisory Board Member of the University of Johannesburg.He was also a former Senior Executive at City Power, Johannesburg and a former Executive Manager at Eskom.