No one entity can meet South Africa’s energy investment needs, report argues
No one entity has the resources, funding or execution capability to address South Africa’s multitrillion-rand energy investment needs, a new PWC report argues, while calling for collaboration between the public and private sectors to address the challenge.
The ‘Africa Energy Review 2024’ report follows government’s release of the Medium-Term Budget Policy Statement, which highlighted the need to scale up private-sector participation in the delivery of public infrastructure, including energy infrastructure.
“The collective strengths of the public and private sectors through collaboration are essential to effectively deliver energy infrastructure to achieve energy security at best cost.
“Such a collaboration will provide the necessary momentum to support energy market liberalisation,” the PWC report states.
The report also highlights that the South African market is undergoing “momentous change”, and forecasts that aggregators and traders will change the future market landscape.
PwC Africa energy utilities and resources leader Andries Rossouw would not be drawn on Eskom’s decision to mount a legal challenge to the National Energy Regulator of South Africa’s recent decision to issue four new trading licences.
However, he said that changes to South Africa’s energy legislation implied that aggregators and traders would play a key role in future in helping to match supply and demand in a way that would unlock new generation and infrastructure development.
“South Africa has made considerable progress toward liberalising its energy sector, with a major update being the signing of the Electricity Regulation Amendment Act in August 2024.
“This Act introduces sweeping reforms designed to create a competitive electricity market and modernise the sector, aligning with the country’s goals to end loadshedding and secure long-term energy stability,” the report adds.
Comments
Research Reports
Projects
Latest News
Showroom
Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...
VISIT SHOWROOM
John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...
VISIT SHOWROOM
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
