the changing energy landscape
South Africa has woken from a deep slumber. At the third South African Investment Conference in November, the total value of investment pledges since 2018 is estimated at R773.6-billion, or more than 60% of the R1.2-trillion target set by President Cyril Ramaphosa three years ago, causing him, in November, to hail the country’s future as “pregnant with great possibilities”.
With R172-billion of that committed amount already invested, the next decade is set to be transformative for energy, employment and GDP. As proof, The Economic Reconstruction and Recovery Plan has also made clear that the country must have access to reliable and affordable energy, with the Integrated Resource Plan 2030 tasked to deliver 16,313MW from a mix of energy sources, the majority of which are wind and solar.
Infrastructure is at the core of inclusive growth – for all – and a sector that creates jobs, reduces inequalities, and offers opportunities to African citizens. African countries cannot expand education opportunities for youth and provide jobs without access to electricity and connectivity.
Food security and agricultural value chain development cannot be achieved without access to reliable transport infrastructure that will help in reducing post-harvest losses. Africa’s growing cities would be uninhabitable without clean water, adequate sanitation, reliable and affordable electricity supply and mass transit systems.
For Africa, the time is now.