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You are here: Home / Archives for Energy

Energy

17 March 2025

Minister Dion George Announces Proclamation and Implementation of Climate Change Act

Location: News

Republic Of South Africa: Department of Forestry, Fisheries and the Environment
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The Minister of Forestry, Fisheries and the Environment, Dr Dion George, is pleased to inform the members of the public that the President, His Excellency Cyril Ramaphosa, has proclaimed the Climate Change Act, 2024 (Act No. 22 of 2024) (the Act). The proclamation notice was published in the Government Gazette on 17 March 2025, which is therefore the commencement date of the Act.

The Act is intended to enable the development of an effective climate change response and a long-term, just transition to a low-carbon and climate-resilient economy and society for South Africa in the context of sustainable development; and to provide for matters connected therewith.

Furthermore, the Act lays the foundation for a green economy that is resilient, inclusive, and future-focused. By creating a clear framework for climate action, the Act will drive innovation, foster sustainable industries, and support job creation in renewable energy, sustainable agriculture, and eco-tourism, among other sectors.

Dr George said, “The Act represents a critical milestone not just for environmental sustainability, but for economic development and job creation. We are committed to ensuring that climate action becomes a catalyst for driving economic growth, creating jobs, and building a sustainable future for South Africa.”

The Act reflects the government's commitment to achieving a just transition to a low-carbon economy, ensuring that climate action goes hand-in-hand with economic empowerment and job creation. As the country, much like the rest of the world, faces growing environmental and economic complexities, the Act provides a vital framework for securing a prosperous and sustainable future for all South Africans.

It must be noted that although the Act has come into operation, the commencement of certain provisions of the Act, namely, sections 12(6), 13(1), 13(2), 13(3)(b), 14(3)(a), 15(5), 15(6), 17, 18, 19, 20, 21, 22, 25(4)(c), 26(2) to (6), 27, 28 and 30(2)(a) and (b), has been deferred to a later date. The reason for deferring these specific provisions is that the Department of Forestry, Fisheries and the Environment (DFFE) is developing a set of regulations that will enable implementation of these provisions. Some of the draft regulations are at an advanced stage of development and will be gazetted for public input and comment soon.

The DFFE will continue to keep members of the public informed of the finalisation of the regulations and the full implementation of the Climate Change Act.

“The recent severe weather conditions that have caused havoc in different parts of the country are a stark reminder of the urgent need for decisive climate action and my Department will continue to work hard towards achieving our mandate,” said Dr George.

A copy of the Act, Gazetted Proclamation Notice, and the Deferred provisions of the Act can be accessed on the following links:

Climate Change Act: https://www.dffe.gov.za/sites/default/files/legislations/cca_assented_g50966vol709n5050.pdf

Climate Change Act proclamation: https://www.dffe.gov.za/sites/default/files/legislations/cca_commencement_g52319pn251.pdf

Deferred provisions of the Act: https://www.dffe.gov.za/sites/default/files/legislations/cca_deferredprovisions_g52319pn251.pdf

Distributed by APO Group on behalf of Republic Of South Africa: Department of Forestry, Fisheries and the Environment.

Read moreMinister Dion George Announces Proclamation and Implementation of Climate Change Act
17 March 2025

SA-EU Summit a ‘watershed’ moment for trade and investment relations

Location: News

SA-EU Summit a 'watershed' moment for trade and investment relations

The 8th South Africa-European Union (EU) Summit held in Cape Town last week was a “watershed” moment for trade and investment relations between South Africa and the regional bloc.

This is according to President Cyril Ramaphosa who reflected on the summit in his weekly newsletter on Monday.

“As a bloc, the European Union (EU) is one of South Africa’s largest trading partners and the source of much investment in our country. Our economic ties with European countries go back to colonial times. Since the advent of democracy 30 years ago, we have steadily been growing the volume and value of trade.

“This summit will be remembered as a watershed moment in the development of our trade and investment relations. While expanding our traditional areas of cooperation, we are now focused on working together to develop the industries of the future,” the President said.

READ | South Africa-European Union Summit concludes 

He stated that South Africa and the EU agreed to work together towards a Clean Trade and Investment Partnership.

“This partnership will support the development of value chains that are more environmentally sustainable. It will make South Africa and the EU more competitive in a low-carbon global economy by improving conditions for investment in the extraction and local beneficiation of rare minerals, renewable energy, low carbon hydrogen and clean technology.

“This partnership will improve cooperation between South Africa and the EU on some of the regulatory issues that constrain greater levels of trade. This work should enable South African companies to export products like sustainable fuel and electric and hybrid vehicles to the EU,” he said.

A key outcome of the SA-EU Summit was an announcement of a €4.7 billion (approximately R90 billion) investment package aimed at supporting investment projects in the country.

READ | President Ramaphosa engages EU on new investment package 

According to the President, the package will “include grants and loans from European financial institutions and businesses”.

“Among other things, this investment will be used to build South Africa’s vaccine production capacity and boost local pharmaceutical value chains. 

“The package will also support South Africa’s just energy transition through the development of critical raw minerals and low carbon hydrogen. In addition to investments in transport and digital infrastructure, the package will provide resources for skills development,” President Ramaphosa said.

On the global stage

The summit also reaffirmed the “unwavering commitment of South Africa and the EU to multilateralism, the consistent application of international law and the centrality of the United Nations Charter”.

“We agreed that a collective effort was needed by all countries to overcome global challenges such as climate change, pandemics, rising inequality and conflict.

“The EU shares South Africa’s view that the UN Security Council needs to be reformed so that it is more inclusive, efficient and democratic. In its composition and actions, the Security Council needs to better reflect the realities of today’s world. We also agreed to strengthen efforts to safeguard and advance human rights across the world,” he said.

Furthermore, the EU expressed its support for South Africa’s G20 Presidency this year and welcomed the country’s “focus on forging partnerships between G20 members and other African countries”.

The President said the two parties agreed that collective global effort is needed to overcome current global challenges. 

“We share similar views on how to navigate these difficult times, by standing together to uphold the principles of the UN Charter, to adhere to international law and to strengthen the institutions of global cooperation.

“Above all, we are committed to the mutual well-being and development of the peoples of South Africa and all the member states of the European Union. We have a shared vision of the future and we are determined to work together to achieve it,” President Ramaphosa concluded. – SAnews.gov.za

 

NeoB
Mon, 03/17/2025 - 13:28
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Read moreSA-EU Summit a ‘watershed’ moment for trade and investment relations
17 March 2025

SA is addressing port challenges, says Deputy President 

Location: News

SA is addressing port challenges, says Deputy President 

Deputy President Paul Mashatile has assured executives from Isuzu Motors Limited’s headquarters in Japan that South Africa is actively working to resolve its port and infrastructure issues.

This comes in the wake of significant congestion, infrastructure shortfalls, and equipment failures at the country’s major ports, which have affected both import and export operations.

“I am pleased to report that we have dealt with energy issues that affected our economy,” the Deputy President said on Monday. 

The Deputy President spoke at the Isuzu Fujisawa Plant where he is currently on a working visit with a delegation that includes Ministers, Deputy Ministers, and senior government officials. 

READ | Deputy President Mashatile arrives in Japan for a working visit

The purpose of the visit is to strengthen cooperation between the two nations in areas of mutual interest.

The multinational corporation that manufactures commercial vehicles, diesel engines, and automotive parts has a significant presence in South Africa. 

As a Japanese automobile manufacturer, Isuzu has been in South Africa for a long time and is well-known for its trucks and bakkies.

“As a country, we are honoured that the Isuzu Motors South Africa Struandale Plant in Gqeberha, in our Eastern Cape province, is the first fully-owned plant outside Japan whereas in other countries Isuzu produces vehicles through joint ventures and license agreements.

“This shows great confidence in our country and our people for the skills necessary to produce these trucks and bakkies.” 

According to the Deputy President, the Struandale Plant produces 28 500 vehicles per annum and has dealerships across 26 countries in Africa. 

With the Africa Continental Free Trade Area (AfCFTA), the Deputy President stated that the continent has created even more opportunities for Isuzu to export and operate in over 54 countries that have signed the agreement.

The AfCFTA creates the largest single free trade business area, with 1.3 billion people and a gross domestic product (GDP) of US$3.4 trillion. 

Isuzu also exports to the European Union (EU) under the Southern African Development Community (SADC) -EU Economic Partnership Agreement, in addition to being active in Africa. 

“Therefore, South Africa is the place to be, indeed a gateway into the continent and the rest of the world including Japan under the generalised system of preferences.” 

The country’s second-in-command described Isuzu as a model investor in South Africa, contributing to employment, skills development, and supplier and enterprise development.

“I also understand that Isuzu contracted 107 suppliers with over 700 parts being localised in South Africa and some integrated into Isuzu global supply chains,” he said, adding that Isuzu achieved Level 1 Broad-Based Black Economic Empowerment (BBBEE). 

He informed the delegation that the government, through the Automotive Production Development Programme, has provided essential support to Isuzu.

During the working visit, the Deputy President and his delegation will engage with the business community in Japan to enhance economic relations.

They will focus on key areas such as manufacturing and machinery, mining and mineral beneficiation, energy cooperation, the automotive industry, and improving market access for South Africa’s agricultural products.

He is also expected to meet with Dr Akihiko Tanaka, the President of the Japan International Cooperation Agency (JICA) today. 
JICA is a government agency that is actively involved in various development projects in South Africa. 

On Tuesday, he will pay a courtesy visit to Prime Minister Ishiba Shigeru of Japan and visit the Meiji Jingu Shinto Shrine. – SAnews.gov.za
 

 

Gabisile
Mon, 03/17/2025 - 11:45

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Read moreSA is addressing port challenges, says Deputy President 
17 March 2025

South Africa’s Penguins Are Worth Billions, Experts Say

Location: News

Island closures are painted as an economic cost to the fishing industry, but losing African Penguins will cost us dearly

Read moreSouth Africa’s Penguins Are Worth Billions, Experts Say
17 March 2025

Deputy President Mashatile arrives in Japan for a working visit

Location: News

Deputy President Mashatile arrives in Japan for a working visit

Deputy President Paul Mashatile arrived at Narita International Airport in Tokyo, Japan, on Sunday for a working visit aimed at strengthening the cooperation between South Africa and Japan in areas of mutual interest.

According to the Presidency, the two countries have strong diplomatic relations, particularly in trade, investment, education, and science and technology.

“Japan is one of South Africa’s major economic partners with a sizeable investment in the South African economy, and potential for increased investment exists,” the statement read. 

During the working visit, the Deputy President and his delegation will engage with the business community in Japan to enhance economic relations. 

They will focus on key areas such as manufacturing and machinery, mining and mineral beneficiation, energy cooperation, the automotive industry, and improving market access for South Africa’s agricultural products.

The Deputy President and his delegation will visit the Isuzu Fujisawa Plant in Japan on Monday, 17 March 2025. 

Isuzu is a multinational corporation that produces commercial vehicles, diesel engines, and automotive parts, and it has a significant presence in South Africa.

During this visit, the Deputy President will meet with Dr Akihiko Tanaka, the President of the Japan International Cooperation Agency (JICA). 

JICA is a government agency that is actively involved in various development projects in South Africa.

On Tuesday, 18 March 2025, the Deputy President and his delegation will have a breakfast meeting with the Japan-African Union Parliamentary Friendship League, which aims to promote economic cooperation and trade between Japan and African countries. 

In addition, he will pay a courtesy visit to Prime Minister Ishiba Shigeru of Japan and visit the Meiji Jingu Shinto Shrine.

The Deputy President is expected to deliver a keynote address at the United Nations University, focusing on the theme “South Africa’s G20 Presidency: Solidarity, Equality, Sustainability – a Conversation with Japan”.

On Wednesday, 19 March 2025, the Deputy President and his team will participate in roundtable discussions hosted by the Japan External Trade Organisation (JETRO) and the Japan Organisation for Metals and Energy Security (JOGMEC).

The Deputy President will also host South African Rugby players based in Japan at the South African official residence. 

The Deputy President is supported by several officials including the Deputy Minister of International Relations and Cooperation Thandi Moraka; the Minister of Sport, Arts and Culture Gayton McKenzie; the Minister of Higher Education Dr Nobuhle Nkabane; the Minister of Agriculture John Steenhuisen; the Minister of Trade, Industry and Competition Parks Tau and the Deputy Minister of Science, Technology and Innovation Nomalungelo Gina. – SAnews.gov.za

 

Gabisile
Mon, 03/17/2025 - 08:50
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Read moreDeputy President Mashatile arrives in Japan for a working visit
16 March 2025

Deputy President Mashatile Arrives in Japan on a Working Visit

Location: News

The Presidency of the Republic of South Africa
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Deputy President Shipokosa Paulus Mashatile has today, 16 March 2025 arrived at Narita International Airport in Tokyo, Japan on a Working Visit aimed at reaffirming the strong cooperation between South Africa and Japan in areas of mutual interest.

The two countries enjoy well-established diplomatic relations which are particularly strong in the fields of trade and investment, education, science and technology.

Japan is one of South Africa's major economic partners with a sizeable investment in the South African economy, and potential for increased investment exists.

During the working visit, the Deputy President and delegation will engage the business community in Japan with the objective of strengthening economic relations in areas such as manufacturing and machinery, mining and mineral beneficiation, energy cooperation, the automotive industry and greater market access for South Africa's agricultural products, amongst others. 

In this regard, the Deputy President and delegation will on Monday 17 March 2025 visit the Isuzu Fujisawa Plant Service, a Japanese multinational corporation that produces commercial vehicles, diesel engines and automotive parts, and has a significant presence in South Africa.

The Deputy President will also meet with Dr. Akhiko Tanaka, President of the Japan International Cooperation Agency (JICA), a Japanese government agency that has been actively involved in various development projects in South Africa. 

On Tuesday, 18 March 2025, the Deputy President and delegation will have a breakfast meeting with Japan-African Union Parliamentary Friendship League, which seeks to promote economic cooperation and trade between Japan and African countries. 

Furthermore, the Deputy President will pay a courtesy call on His Excellency Prime Minister Ishiba Shigeru and visit the Meiju Jingu Shinto Shrine.

The Deputy President will also deliver a keynote address at the United Nations University under the theme "South Africa's G20 Presidency: Solidarity, Equality, Sustainability - a conversation with Japan.

On Wednesay 19 March 2025, the Deputy President and delegation will participate in Roundtable Discussions hosted by the Japan External Trade Organisation (JETRO) and Japan Organisation for Metals and Energy Security (JOGMEC).

The Deputy President will also host South African Rugby players based in Japan at the South African Official Residence. 

The Deputy President is supported by the Deputy Minister of International Relations and Cooperation, Ms. Tandi Moraka; the Minister of Sport, Arts & Culture, Mr. Gayton McKenzie; the Minister of Higher Education, Dr. Nobuhle Nkabane; the Minister of Agriculture Mr. John Steenhuisen; the Minister of Trade Industry and Competition, Mr. Parks Tau; and the Deputy Minister of Science, Technology and Innovation, Ms. Nomalungelo Gina.

Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

Read moreDeputy President Mashatile Arrives in Japan on a Working Visit
15 March 2025

Six Arrests for Eskom Procurement Fraud

Location: Business

Saturday, 15 March 2025: The National Joint Operational and Intelligence Structure (NATJOINTS) Energy Safety and Security Priority Committee, in collaboration with Eskom, continues to make strides in combating corruption and theft within Eskom’s operations. Over the last two days, six individuals were arrested for their involvement in a fraudulent procurement scheme at Kusile Power Station....

Read moreSix Arrests for Eskom Procurement Fraud
14 March 2025

Loadshedding Remains Suspended

Location: Business

Friday, 14 March 2025: Eskom confirms that loadshedding remains suspended, supported by a stable power system and adequate emergency reserves. As of today, unplanned outages are significantly reduced to 13 469MW compared to the previous week, while available generation capacity is 27 231MW, sufficient to meet tonight’s forecasted peak demand of 25 193MW.  Eskom continues...

Read moreLoadshedding Remains Suspended
14 March 2025

South Africa-European Union Summit concludes

Location: News

South Africa-European Union Summit concludes

President Cyril Ramaphosa has welcomed the European Union’s €4.7 billion Global Gateway Investment Package aimed at supporting strategic investment projects.

The President was speaking during a press briefing following the 8th South Africa-European Union Summit held in Cape Town on Thursday.

The package is aimed at supporting:
•    A clean and just energy transition in South Africa
•    Digital and physical connectivity infrastructure
•    The local pharmaceutical industry.

“The investment package covers areas such as critical raw mineral processing, green hydrogen, renewable energy, transport and digital infrastructure, local vaccine and pharmaceutical production, and resources for skills development.

“To boost the competitiveness of our economies, we agreed to launch negotiations towards a Clean Trade and Investment Partnership. This will support the development of cleaner value chains for raw materials and local beneficiation, renewable and low carbon energy, and clean technology,” President Ramaphosa said.

Furthermore, the partnership will also serve as a platform for “regulatory cooperation between the European Union and South Africa in areas of mutual interest related to clean supply chains”.

“This partnership is expected, for example, to deliver short and long term solutions to enable Sasol to export sustainable fuel, especially aviation fuel, to the European Union,” the President added.

Strengthening ties

President Ramaphosa noted that the summit – the first such held in seven years – reflects mutual commitment to “enhancing our Strategic Partnership for the mutual benefit of our people”.

As a regional bloc, the European Union (EU) is South Africa’s biggest trading partner recording some €49.5 billion in total trade in 2023 with EU foreign direct investment into South Africa reaching around €71 billion in 2022.

“Today’s Summit focused on strengthening our trade and investment relations, which are vital for the growth of our economies and the achievement of our development goals,” the President noted.

Discussions also focussed on other areas including green energy, science and health.

“We have prioritised the transition to green energy, ensuring that this process is just and inclusive and safeguards the livelihoods of those most affected by the transition. We also had discussions on our robust cooperation in education; science, technology and innovation; and health.

“We have recognised the vital importance of developing the skills and capabilities of young people, starting from early childhood development through to the training of young people in the skills of the future,” President Ramaphosa explained.

Global developments 

On the global stage, President Ramaphosa said, “we reaffirmed our commitment to multilateralism, the rule of law and the central role of the United Nations in maintaining global peace and security”.

“We also expressed our resolve to resist actions that undermine multilateral cooperation. We reinforced our belief that the institutions of global governance must be reformed to make them representative and fit for purpose. 

“We agreed that addressing the root causes of conflict is essential for achieving durable peace, security and stability in Africa.”

Turning to the conflict in the Democratic Republic of Congo (DRC), President Ramaphosa said South Africa calls on parties to assist in addressing the “dire situation of the people” caught in the blaze of the war.

“As South Africa, we have made a call for a humanitarian intervention for displaced people in the eastern Democratic Republic of the Congo. 

“As we work to achieve a ceasefire and achieve a peaceful resolution of the conflict in the DRC, we are calling on the United Nations, African Union and EU to help to address the dire situation of the people affected by the fighting,” he said.
Reflecting on the outcomes of the Summit, President Ramaphosa described it as having further strengthened the strategic partnership.

“Today’s Summit has further strengthened our Strategic Partnership, which will support our efforts to drive inclusive economic growth, create jobs, eradicate poverty and address global challenges in a spirit of solidarity, collaboration and partnership.

“On behalf of the Government and people of South Africa, it has been a pleasure to host you today, reaffirming our commitment to building strong, mutually beneficial relations with the European Union,” President Ramaphosa concluded. 

In his opening remarks at the summit, the President said that as one of South Africa’s most important trade and investment partners, the European Union can play a catalytic role in unleashing the productive capacity of our economy and equip our people, especially the youth, to participate in the economy of the future.

READ | President Ramaphosa engages EU on new investment package

“We hope we can continue to rely on the support of the European Union and its member states in our efforts to alleviate poverty, transition to a low-carbon economy, invest in climate-resilient infrastructure and grow our industrial capacity,” the President explained. – SAnews.gov.za

 

NeoB
Thu, 03/13/2025 - 19:06
122 views

Read moreSouth Africa-European Union Summit concludes
13 March 2025

China-Africa Business Ties a Key Focus

Location: News
African Energy Chamber

China has reaffirmed its commitment to supporting Africa's drive for enhanced energy access and industrialization, according to speakers at the Invest in African Energies Shanghai Forum. Leveraging China's expertise in technology-driven oil, gas and energy development, African firms can tap into a valuable partnership and greater investment by Chinese firms would further efforts to make energy poverty history in Africa.

With over 600 million people living without access to electricity and 900 million people without access to clean cooking solutions, Africa is seeking to leverage global partnerships to fast-track energy production and development. China stands to play a major part in facilitating this growth and the Shanghai Forum - co-organized by the African Energy Chamber (AEC) and the Shanghai Development Research Foundation - drew insight into strategic areas of collaboration.

“We want to see investments in African energy. The AEC will continue to support Chinese businesses that want to invest in China and give you the priority needed for you to invest in our beautiful continent,” stated NJ Ayuk, Executive Chairman, AEC. 

For emerging African players seeking to unlock the full potential of their underdeveloped resources, Chinese partnerships have the ability to unlock new capital and technology to advance projects. Partnerships also serve to support mature players enhance their production capacity as Africa drives long-term energy development. Phuti Joyce Tsipa, Consul General, South African Consulate-General Shanghai, highlighted the value of enhanced cooperation with China.

“Together, China and South Africa can work towards building a high-quality international community that can work on a prosperous future, centered on balanced economic growth. Increased energy investment in Africa is at the heart of our future prosperity. We see China as a critical country to partner with, not only with South Africa, but the entire continent,” she said.  

The Shanghai Forum sought to bolster China-Africa relations by facilitating market entry and expansion by Chinese firms in Africa. The Forum featured the participation of 100 companies, including consulates, private firms, investors and policymakers, with presentations centering on opportunities for Chinese firms in Africa, strategies for advancing African industrialization and electrification and the impact Chinese technology will have on the African energy market.

Dr. Bieni Da, Chief Representative for China at the AEC and Yide Qiao, Vice Chairman and Secretary General, Shanghai Development and Research Foundation, underscored the need to facilitate energy ties between China and Africa. According to Qiao, “China has strong technology in green energy and cooperation can be extended to Africa.”

Chinese firms are leading in terms of innovative, low-carbon energy solutions. With a national goal of becoming carbon neutral by 2060, China is supporting domestic companies through policy improvements, capital and research and development. Africa stands to leverage this expertise to advance its own development agenda. This expertise extends to the oil and gas sectors and Chinese companies have begun to expand their footprint in Africa.

Dr. Wang Zengye, Deputy Director-General of Policy Research Office, China National Petroleum Corporation (CNPC) provided an overview of the projects CNPC has led in Africa. He said: “Bilateral relationships between China and Africa is already quite strong and high-level cooperation has been established. This ensures that investment can flow.”

China has also effectively established industrial hubs which support the economy by centralizing manufacturing. Bi Mingze, CFO of Yunan County Chuangxing Industrial Investment Group, said that the company has established an industrial hub in Yunan in China. This hub can be replicated across Africa.

The Shanghai Forum served as a prelude to the African Energy Week (AEW): Invest in African Energies conference, slated for September 29 to October 3 in Cape Town. As the largest event of its kind in Africa, AEW: Invest in African Energies fosters collaboration and investment in Africa. For Chinese companies, the event offers a strategic opportunity to gain insight into African projects while strengthening ties with African firms.

“If you work in any energy field, we are able to help you connect with key stakeholders. We support policy that enhances local content and infrastructure development. It is time to invest in Africa,” stated Johnson Kayode Obembe, Sales Director, African Energy Week.

Distributed by APO Group on behalf of African Energy Chamber.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Media files
African Energy Chamber
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Read moreChina-Africa Business Ties a Key Focus
13 March 2025

President Ramaphosa engages EU on new investment package

Location: News

President Ramaphosa engages EU on new investment package

With the 8th South Africa-European Union (SA-EU) Summit underway, President Cyril Ramaphosa says South Africa intends to hold further constructive discussions on a new investment package by the EU, to South Africa.

“Through this we aim to consolidate cooperation in areas such as science and technology, education and skills development, climate action, peace and security, health and critical minerals,” the President said on Thursday.

This as he is co-chairing the summit with the President of the European Council, António Luís Santos da Costa, and the President of the European Commission, Dr. Ursula von der Leyen, at Tuynhuys, in Cape Town.

READ | Summit to strengthen SA-EU relations

Held in the Western Cape, the 8th Summit takes place within the framework of the Strategic Partnership between South Africa and the European Union. 

“As one of South Africa’s most important trade and investment partners, the European Union can play a catalytic role in unleashing the productive capacity of our economy and equip our people, especially the youth, to participate in the economy of the future. 

“We hope we can continue to rely on the support of the European Union and its member states in our efforts to alleviate poverty, transition to a low-carbon economy, invest in climate-resilient infrastructure and grow our industrial capacity,” the President explained.

In addition, the President welcomed the EU’s support for multilateral institutions and the fundamental principles of the United Nations.

“This Summit is taking place at a time of global uncertainty characterised by rising unilateralism, economic nationalism and a retreat from international law and human rights.

“We hope to work closely with the European Union and other partners to strengthen and reform institutions of global governance to make them more inclusive and capable of meeting the challenges of the present and the future. 

We should collectively strengthen our voice in defence of human rights, democracy and the rule of law, including respect for international law and international humanitarian law. We welcome the support of the European Union for Africa’s developmental needs.”

Partnership

He emphasised that African relations with the European Union should be built on a mutually beneficial partnership in the spirit of shared ownership, responsibility, respect and mutual accountability. 

“Today we will discuss our shared interest to advance peace, security, stability and sustainable development on the continent and across the world. This Summit affirms our long-standing and close relationship, which is underpinned by the South Africa-European Union Strategic Partnership. 

“This is a partnership based on shared values and common interests. A partnership that seeks to create prosperity for our citizens and promote peace, safety and stability.

“We share a commitment to inclusive multilateralism as the most effective means to address the most pressing challenges facing the world.  We agree on the need to strengthen economic cooperation and resolve challenges in our trade relations,” the President said.

Reforms 

He mentioned that South Africa is forging ahead with far-reaching structural reforms to support economic recovery. 

“We are modernising and transforming key industries such as energy, water, transport and digital communications. We have already made considerable progress, supported by institutions such as the European Investment Bank. 

“These reforms are contributing to the improvement of the country’s competitiveness and investment environment,” the President said. 

According to the Presidency, the Summit follows a series of preparatory engagements that included the Joint Cooperation Council (JCC) held in January in Brussels. -SAnews.gov.za

nosihle
Thu, 03/13/2025 - 16:00
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Read morePresident Ramaphosa engages EU on new investment package
13 March 2025

Cabinet welcomes 2025 National Budget 

Location: News

Cabinet welcomes 2025 National Budget 

Cabinet has welcomed the 2025 National Budget as it seeks to maintain a balance between South Africa’s fiscal framework, fund the priorities of the seventh administration while mitigating negative impact on poor and middle-income households.

The budget was tabled by the Minister of Finance, Enoch Godongwana, in the National Assembly, on Wednesday. 

He outlined all the financial, economic and social commitments the government will prioritise in its planned expenditure and provided a detailed plan for 2025 spending. This includes proposals for revenue collection to help fund the government’s planned interventions and commitments.

“The allocation of over R1 trillion to infrastructure development over the Medium-Term Expenditure Framework (MTEF), the establishment of alternative infrastructure financing through a credit guarantee vehicle and the introduction of multiple bid windows on the Budget Facility for infrastructure is a demonstration of commitment to grow the economy through a strong infrastructure-build programme, whilst simultaneously improving service delivery. 

“Mechanisms for private sector participation as announced with the Budget, which are part of Operation Vulindlela driven reforms, in the energy, transport and freight logistics sectors indicate government’s commitment to fast-tracking private sector investment and inclusive economic growth,” Minister in The Presidency, Khumbudzo Ntshavheni, said on Thursday.

Minister Ntshavheni was briefing the media in Cape Town, following Cabinet’s meeting on Wednesday.

Operation Vulindlela is aimed at stabilising the supply of electricity; creating a competitive and efficient freight logistics system; reducing the cost and improving the quality of digital communication; ensuring a stable, quality supply of water; and reforming the visa regime to facilitate skilled immigration and support tourism.

READ | Operation Vulindlela records notable progress

Since its establishment in 2020, Operation Vulindlela has made real progress in achieving these objectives.

In light of new and persistent spending pressures in health, education, transport and security, government decided to raise value-added tax (VAT) by 0.5 percentage points in each of the next two years, which will bring VAT to 16% in the 2026/27 financial year.

READ | Government proposes VAT increase over two years

The first 0.5 percentage point increase in the VAT rate will take effect on 1 May 2025 and the second 0.5 percentage point increase will take effect on 1 April 2026.

“Acknowledging the impact of the tax increases, the Budget provides for mitigation measures against the increases such as no increase in the fuel levy, above inflation increases to social grants, with old age and disability grants increasing by R130 to R2315 in 2025 and significant funding allocation to PRASA [ Passenger Rail Agency of South Africa] to improve passenger rail transport which will reduce household income spend on transport costs.

“Most significantly, the tax increases are going to finance sustainability of this country, by maintaining 11,000 teachers in the classrooms, 9300 health-workers in their jobs, the employment of 800 post-community service doctors and allow an additional 700, 000 children (4-years of age) access to early childhood development which is the necessary foundation education they need for a successful education journey,” Ntshavheni explained. –SAnews.gov.za 
 

nosihle
Thu, 03/13/2025 - 11:49
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Read moreCabinet welcomes 2025 National Budget 
12 March 2025

Government’s three-year plan to spend R1 trillion on infrastructure

Location: News

Government’s three-year plan to spend R1 trillion on infrastructure

The South African government will spend more than R1 trillion over the next three years on public infrastructure in a show of government’s commitment to driving economic growth.

This is according to Minister of Finance Enoch Godongwana who delivered the 2025 Budget speech in Parliament on Wednesday.

“[Infrastructure] is a key pillar of our growth strategy. It is the bedrock for economic development, a key source of jobs, and an avenue to scale-up service delivery.

“This budget reflects that understanding. Allocations towards capital payments are the fastest growing area of spending by economic classification. Public infrastructure spending over the next three years will amount to more than R1 trillion,” Godongwana said.

Current infrastructure focus is geared towards:

•    R402 billion on roads infrastructure
•    R219.2 billion on energy infrastructure
•    R156.3 billion on water and sanitation infrastructure
The Minister highlighted some of the key projects that will be underway.

“In transport, the South African National Roads Agency will spend R100 billion over the medium term to keep the national road network in good condition. Provincial roads departments will reseal over 16 000 lane-kilometres of roads in their areas of authority.

“The Passenger Rail Agency of South Africa is making steady progress to rebuild infrastructure to provide affordable commuter rail services.

“In water, we are investing in several large-scale dam projects that are ramping up or entering construction. The Mkhomazi Project is expected to commence construction in November 2027, transferring water to the Mngeni Water Supply System. This will increase the total capacity of the system to 5 million households in eThekwini and 4 district municipalities in KwaZulu Natal,” Godongwana said.

In the 2025 Budget Review, National Treasury explained that investment in economic infrastructure – mainly by state owned entities – accounts for some 81.5% of the medium-term estimate.

“These funds are used to expand power-generation capacity, upgrade and expand the transport network and improve sanitation and water services. Social services infrastructure accounts for 15.5% of the total, with the two largest sectors, health and education, contributing 4.4 % and 5.5% respectively,” the review read.

Public-Private Partnerships

The department explained that infrastructure reforms are “underpinned by a commitment to significantly increase partnerships with the private sector”.

Some of these measures and reforms include:

•    From June 2025, projects below a total value of R2 billion will no longer have to clear onerous approval processes intended for large projects before proceeding.
•    A clear framework is being established to receive and process unsolicited PPP proposals or bids from the private sector.
•    New legislative amendments and regulations for municipal PPPs will also be introduced in 2025
•    Revised manuals and guidelines on PPPs are being produced and will be made available to the public

“During 2025/26, a single structure overseen by the National Treasury will be established to coordinate state participation in project preparation and planning, public-private partnerships (PPPs), funding and credit guarantees. 

“It will be established by merging two units currently in the Government Technical Advisory Centre that coordinate PPPs and capital appraisals with the Infrastructure Fund in the Development Bank of Southern Africa,” Treasury said. – SAnews.gov.za

 

NeoB
Wed, 03/12/2025 - 13:56
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12 March 2025

SA Innovators to Showcase Research at Tunisia Engineering and Science

Location: Business

Wednesday, 12 March 2025: South African young scientists are set to showcase their innovative research on the global stage, competing in the environmental science and computer science categories at this year’s International Festival of Engineering, Science and Technology in Tunisia (I-FEST²). Eskom Expo International Science Fair 2024 Gold medal recipients, Hamzah Ismail and Vibhav Ramdas,...

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12 March 2025

Operation Vulindlela records notable progress

Location: News

Operation Vulindlela records notable progress

Minister of Finance Enoch Godongwana has highlighted the real progress achieved by implementing structural reforms through Operation Vulindlela, which is a joint initiative between the Treasury and the Presidency.

Operation Vulindlela is aimed at stabilising the supply of electricity; creating a competitive and efficient freight logistics system; reducing the cost and improving the quality of digital communication; ensuring a stable, quality supply of water; and reforming the visa regime to facilitate skilled immigration and support tourism.

Since its establishment in 2020, Operation Vulindlela has made real progress in achieving these objectives.

“The energy reforms have created a 22 500 mega-watt pipeline of projects. More than 10 000 mega-watts are formally registered with NERSA [National Energy Regulator of South Africa], which is one of the last steps in the regulatory process. These projects will contribute to reducing power cuts.

“The Freight Logistics Roadmap was approved. The roadmap allows private sector participation and gives third-party access to any operator without discrimination in accordance with the network statement.

“The cost of a 1.5GB data bundle has declined by 51%, allowing individuals and small businesses to access more affordable data,” Godongwana said on Wednesday during his Budget Speech.

He noted that the water-use licenses backlog has been cleared, unlocking billions in investment and freeing projects that had stalled because of the backlog.

The water quality regulatory system was reinstated for the first time since 2014.

“This is the Green Drop, Blue Drop and No Drop certification that enables effective intervention in supporting failing municipalities to provide clean water to citizens. e-Visas for travellers from 34 countries have been introduced to significantly boost tourism. The trusted employer scheme has been established to fast-track visa process for major investors,” the Minister said.

These achievements have eased economic bottlenecks. 

Building on the successes of the initiative, Phase 2 of Operation Vulindlela will focus on:

  • Following through on existing reforms in energy, water, logistics and visa systems;
  • Strengthening local government and improving the delivery of basic services;
  • Harnessing digital public infrastructure as a driver of growth and inclusion; and
  • Creating efficient, productive and inclusive cities. - SAnews.gov.za

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Wed, 03/12/2025 - 14:43
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12 March 2025

Senegalese Papa Chimere Diop – New APO Director of Strategic Growth & Market Development

Location: Business
APO Group

APO Group (www.APO-opa.com), the leading pan-African media relations and communications consultancy, is pleased to announce the promotion of Papa Chimere Diop to Director of Strategic Growth & Market Development at Group level. This appointment, effective from 1 March 2025, highlights APO Group's commitment to strengthening its commercial leadership and driving expansion across Africa. 

Chimere, who previously served as Senior Sales Director and later Senior Growth Director, has been instrumental in shaping APO Group's business development strategies. His transition into this role reflects the company's dedication to empowering its top talent while reinforcing its leadership in the African communications industry. 

Bas Wijne, CEO of APO Group, said, “As a key driver of APO Group's commercial success, Chimere has consistently secured high-impact opportunities and built strong client relationships across the continent. His promotion to a Group-level role is a natural progression in our strategy to deepen partnerships, enhance market intelligence, and accelerate sustainable growth in key regions. His leadership will be vital as we continue to expand our footprint across Africa.” 

In his new role, Chimere will focus on identifying strategic opportunities, strengthening client engagement with senior decision-makers, and driving sustainable revenue growth. He will also lead initiatives to expand APO Group's presence in high-growth industries and regions, deepen relationships with senior executives to unlock new opportunities, and utilise market intelligence to reinforce the company's leadership in Francophone and Lusophone Africa. Additionally, he will represent APO Group at major industry events, enhancing the company's thought leadership and brand visibility across the African communications landscape. 

“I am honoured to take on this expanded role at APO Group, building on the momentum we have created over the years,” said Chimere. “Our team is a reflection of Africa itself—rich in cultural and geographic diversity, with deep expertise and an extensive understanding of the continent's media and business landscape. As we continue to be the trusted communications partner for leading organisations across Africa, we also welcome fresh perspectives and creative contributions that can help drive meaningful growth and reinforce our presence in all African markets.” 

With this strategic appointment, APO Group continues to solidify its leadership in the African communications industry. Clients, partners, and industry stakeholders are encouraged to engage with APO Group to explore new collaboration opportunities. 

Distributed by APO Group on behalf of APO Group.

About APO Group:  
Founded in 2007, APO Group (www.APO-opa.com) is the leading award-winning pan-African communications consultancy and press release distribution service. Renowned for our deep-rooted African expertise and expansive global perspective, we specialise in elevating the reputation and brand equity of private and public organisations across Africa. As a trusted partner, our mission is to harness the power of media, crafting bespoke strategies that drive tangible, measurable impact both on the continent and globally. 

Our commitment to excellence and innovation has been recognised with multiple prestigious awards, including the PRovoke Media Global SABRE Award and multiple PRovoke Media Africa SABRE Awards. In 2023, we were named the Leading Public Relations Firm Africa and the Leading Pan-African Communications Consultancy Africa in the World Business Outlook Awards, and the Best Public Relations and Media Consultancy of the Year South Africa in 2024 in the same awards. In 2025, Brands Review Magazine acknowledged us as the Leading Communications Consultancy in Africa for the second consecutive year. They also named us the Best PR Agency and the Leading Press Release Distribution Platform in Africa in 2024.  

APO Group's esteemed clientele, which includes global giants such as Canon, Nestlé, Western Union, the UNDP, Network International, African Energy Chamber, Mercy Ships, Marriott, Africa's Business Heroes, and Liquid Intelligent Technologies, reflects our unparalleled ability to navigate the complex African media landscape. With teams on the ground in numerous African countries, we offer unmatched insights and reach across the continent. APO Group is dedicated to reshaping narratives about Africa, challenging stereotypes, and bringing inspiring African stories to global audiences, with our expertise in developing and supporting public relations campaigns worldwide uniquely positioning us to amplify brand messaging, enhance reputations, and connect effectively with target audiences. 

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11 March 2025

Five Years of Advancing Investment, Collaboration in Africa’s Energy Sector

Location: Business
African Energy Chamber

African Energy Week (AEW): Invest in African Energies, the premier platform for Africa's energy sector, marks its fifth anniversary in 2025, celebrating a legacy of driving investment, fostering partnerships and advancing the continent's energy future. Since its inception, AEW has established itself as the continent's leading energy event, bringing together industry leaders, policymakers, investors and global stakeholders to catalyze development across Africa's oil, gas and renewable sectors.

Over the past five years, AEW has facilitated multi-billion-dollar deals, shaped policy discussions and strengthened regional cooperation. Its inaugural edition in 2021 set a strong foundation, attracting 1,700 delegates, including ministers, global energy executives and financial institutions. The event reinforced Africa's appeal to investors while establishing AEW's strategic goal of eradicating energy poverty by 2030. The event introduced key features such as the African Energy Awards, panel discussions and forums covering the entire energy sector across four venues. Country spotlight sessions provided market insights, while the African Energy Chamber, alongside African energy ministers and a representative from the German government, launched the African Green Energy Dialogue Initiative to accelerate investment in Africa's green energy space.

The 2022 edition of AEW kicked off with opening remarks from esteemed African leaders including the presidents of Uganda and Mozambique, Minister of Hydrocarbons from the Republic of Congo, as well as prominent industry figures from APPO, the European Commission, the International Energy Forum and the private sector. AEW 2022 provided a platform for high-level discussions on investment opportunities, energy policy and strategies for driving Africa's energy transition. In addition to insightful discussions and networking opportunities, AEW 2022 introduced the Just Energy Transition Concert, blending music and culture with energy dialogue to promote investment, development and wider participation across the energy industry.

AEW 2023 saw an unprecedented level of participation, with opening remarks from the presidents of Namibia, Senegal and Uganda, alongside energy ministers from South Africa, South Sudan, Uganda, Equatorial Guinea, the Republic of Congo, Ghana and Mozambique. Representatives from OPEC, APPO, GECF, and key global partners from Russia, the U.S., Europe, and Saudi Arabia further reinforced the event's strategic importance. Afreximbank played a central role, hosting a dedicated deal room and supporting Africa's growing M&A activity. Key agreements signed included Afreximbank's $75 million financing deal with Torxen Energy Resources for Nigeria's PPL 241, a hydrogen exploration agreement between The Gambia and H2 Gambia Limited, and a $60 million term loan for Alphaden Energy & Oilfield Limited to develop a gas facility in Nigeria. Additionally, the African Energy Chamber partnered with the Black Impact Foundation to promote global opportunities for the Black community. The African Farmout Forum connected investors with available blocks, accelerating exploration and partnerships across Africa's oil and gas sector.

In 2024, AEW underscored its role as a catalyst for deal-making and sectoral development. Afreximbank committed over $120 million in financial facilities to support Africa's oil and gas sector, while the Republic of Congo's Société nationale des pétroles du Congo partnered with the State Oil Company of Azerbaijan to modernize the CORAF refinery and the African Farmout Forum returned to highlight available block opportunities for partnership and investment. The event featured a distinguished lineup of speakers and delegations, including energy ministers from South Africa, Namibia, the Republic of Congo, Gabon, Nigeria, Equatorial Guinea and Angola; OPEC and APPO secretary generals; and top executives from Eni, bp, Chevron, TotalEnergies and other leading energy companies.

The fifth edition of AEW promises an even greater focus on investment opportunities and project developments, including 2025/2026 licensing rounds, multi-phase LNG facilities, new refining capacity, drilling and appraisal programs and cross-border pipeline infrastructure. All flagship features will return, including the Big Five Stages of Premium Industry Content, the African Farmout Forum, the Deal Room, the OPEC-Africa Roundtable and more. With capital-intensive projects requiring global financing, AEW 2025 will serve as the premier platform to connect investors with Africa's most promising energy opportunities.

By bringing together key stakeholders, AEW has enhanced Africa's global competitiveness, enabled cross-border partnerships and fostered policy dialogue that advances sustainable energy development. As the conference celebrates five years of impact, its role in shaping the future of Africa's energy sector remains stronger than ever, ensuring that the continent's vast energy resources continue to drive sustainable development and economic transformation.

“The five-year milestone is a testament to AEW's commitment to shaping the future of Africa's energy sector. As the continent continues to navigate the complexities of energy development, AEW remains a vital platform for stakeholders to engage and drive progress across the continent,” says NJ Ayuk, Executive Chairman of the African Energy Chamber, adding “As AEW celebrates five years of impact, its influence on the continent's energy landscape remains unparalleled. The conference has consistently demonstrated its ability to drive sustainable energy development, ensuring that Africa's vast energy resources are harnessed to drive economic transformation and sustainable development.”

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECweek.com for more information about this exciting event.

Distributed by APO Group on behalf of African Energy Chamber.

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11 March 2025

Call for collaboration to boost infrastructure investment

Location: News

Call for collaboration to boost infrastructure investment

President Cyril Ramaphosa has emphasised the need for strong collaboration between government and business to scale up infrastructure investment and drive South Africa’s economic growth.

Speaking during a Questions for Oral Reply session in the National Assembly on Tuesday, the President highlighted the importance of structural reforms to address key constraints, such as energy supply and inefficiencies in freight and logistics.

“For South Africa to achieve the levels of economic growth it needs, it is essential that government and business work together to scale up investment in infrastructure.

“Government has committed to an ambitious infrastructure build programme. Infrastructure spend by government will encourage and enable greater private sector investment in sectors such as electricity generation, electricity distribution, rail rolling-stock, and water distribution,” the President said. 

However, he stressed the distinction between public and private financial resources, particularly pension funds held by financial institutions. These funds, he noted, belong to workers and are intended for their retirement, making them private assets rather than State resources.

To facilitate infrastructure investment, the President said that government needs to provide these savers with a reasonable return and ensure that these funds are safeguarded.   

In 2022, National Treasury amended Regulation 28 of the Pension Funds Act to allow for longer-term infrastructure investments by retirement funds. The changes introduced a definition of infrastructure and set a 45% upper limit for pension fund investments in infrastructure projects.

Further regulatory adjustments have been made to facilitate economic development, including separating the investment limits for hedge funds and private equity. The allocation for private equity assets has been increased from 10% to 15%, allowing for greater infrastructure investments.

In the Medium-Term Budget Policy Statement of October 2024, the Minister of Finance announced work underway on mechanisms to complement the changes to Regulation 28 through the development of specific investment vehicles to simplify and incentivise institutional investors. 

The President said details on these mechanisms will be published in the upcoming Budget, which is expected to be delivered on Wednesday, 12 March 2025. – SAnews.gov.za

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Tue, 03/11/2025 - 15:53
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10 March 2025

Koeberg Unit 2 Successfully Restored to Service

Location: Business

Monday, 10 March 2025: Eskom is pleased to announce that on Sunday, 9 March, at 18:17, Koeberg Unit 2 was successfully brought back to service. The unit has been incrementally ramped up to 646MW and will continue to increase its output until it reaches its full capacity of 930MW, in accordance with established operational protocols....

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10 March 2025

AMW to Showcase Angola’s Critical Mineral Prospects

Location: Business
Energy Capital & Power

Angola has set a target to become a key exporter of value-added critical minerals in the next 10 to 15 years. As the country pursues this goal, the upcoming African Mining Week (AMW) - Africa's premier mining event - will spotlight Angola's growing potential as global critical minerals exporter. 

Angola has identified 34 of the 54 critical minerals recognized by the European Union across its mineral-rich basins and is ramping up exploration, production and downstream projects to unlock its industry potential. The government is promoting investment across the critical mineral value chain as a strategy to advance economic diversification while unlocking greater revenue generation from the mining industry. 

AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference from October 1 -3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting  sales@energycapitalpower.com.

Across the country, various mining developments are taking off. In January 2025, UK-based Pensana secured funding from South Africa's Absa Bank to accelerate the development of the Longonjo Rare Earth Project. The $325 million project is expected to supply 5% of the world's high-grade rare earth carbonate, generate $6 billion in export revenue and contribute $1 billion in tax revenue to regional treasuries, helping Angola diversify its revenue generation. 

Meanwhile, Chinese mining firm Shining Star is set to commence production this year at the 40-million-ton Mavoio-Tetelo copper project in northern Angola. The project is expected to produce 300,000 tons of copper per annum, significantly boosting Angola's mining revenue. Australian firm Tyranna Resources - in partnership with China's Sinomine - is advancing multiple lithium projects in Angola, with ongoing drilling activities identifying additional reserves and expediting mine development. These projects include the Namibe and Muvero lithium mines. Canada's Ivanhoe Mines has also initiated a series of copper exploration projects in Angola's Moxico and Cuando Cubango provinces, contributing to efforts to diversify the nation's mining sector and revenue streams. 

To increase value addition across the manganese sector, Angola is developing a $250 million manganese-to-silica processing facility in partnership with Chinese firm ST New Materials. The project is expected to be operational in 2025. The country is also spearheading projects to produce steel from iron mined in the Kasinga region. 

As Angola seeks to attract new investors across the critical mineral value chain, AMW 2025 will bring together Angolan stakeholders and global investors to discuss partnerships and industry growth opportunities. AMW will host panel discussions, project showcases and exclusive networking opportunities, connecting international investors with Angola's rapidly expanding critical minerals market. 

Distributed by APO Group on behalf of Energy Capital & Power.

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9 March 2025

Minister Ramokgopa to engage North West on electricity challenges

Location: News

Minister Ramokgopa to engage North West on electricity challenges

Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, will lead an intergovernmental engagement with all municipalities in the North West province do discuss electricity challenges and introduce effective interventions.

He will be joined by Premier of the North West, Lazarus Kagiso Mokgosi, during Monday’s meeting.

This initiative follows the Minister’s recent engagements with municipalities in Limpopo and the Free State, where similar discussions were held to address municipal electricity issues. 

“This effort is in line with the seventh administration’s commitment to fostering a functional local government capable of fulfilling its obligations through a coordinated effort involving all three spheres of government.

“Several municipalities are currently under Section 139 intervention, necessitating oversight from the Provincial Executive. This situation stems from longstanding municipal debts, including both arrears and current accounts owed to Eskom for electricity distribution.

“An integrated approach is essential for developing a sustainable intervention plan that focuses on medium to long-term solutions. Some strategies may require financial reconfiguration, particularly in light of the country’s ongoing fiscal consolidation efforts,” a joint statement by the Ministry of Electricity and Energy and the North West provincial government said.

The outcomes of the meeting aim to formulate collaboration, which will ensure that municipalities can meet their financial obligations to Eskom and ensure reliable electricity access to all. - SAnews.gov.za

 

nosihle
Sun, 03/09/2025 - 15:10
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8 March 2025

No Street Light Tender in Kariega

Location: News

Nelson Mandela Bay Municipality officials commit to new tender at community meeting

Read moreNo Street Light Tender in Kariega
7 March 2025

US withdraws from Just Energy Transition partnership with SA

Location: News

US withdraws from Just Energy Transition partnership with SA

South Africa says it notes the United States’ decision to revoke the US International Climate Finance Plan, which had led to the withdrawal from the Just Energy Transition (JET) partnership with South Africa.

Last month, US President Donald Trump signed Executive Order 14162 to revoke and rescind this plan.

According to reports, this also means the immediate withdrawal of the United States from the Paris Agreement designed to combat climate change by curbing global greenhouse gas emissions.

The Department of International Relations and Cooperation (DIRCO) said President Trump’s recent actions have affected the policies aimed at advancing South Africa’s Just Energy Transition Investment Plan (JETP).

“As a result, effective immediately, the US has announced the termination of its membership of the International Partners Group (IPG) for JETPs South Africa, Indonesia and Vietnam,” the department explained.

With the United States withdrawal, the department said associated financial pledges are also withdrawn.

“Grant projects that were previously funded and in planning or implementation phases have been cancelled.”

However, DIRCO said the country remains committed to implementing international agreements, including the decisions taken at the historic Paris Agreement.

“South Africa and other international partners will evaluate the implications of the US withdrawal from the JETP,” the department said,

During a parliamentary discussion regarding the United States’ decision to reduce funding from the United States Agency for International Development (USAID), DIRCO Minister Ronald Lamola said South Africa should not lament this change. Instead, the country should view this situation as an opportunity for transformation.

“We must act in unison to mitigate the negative impact of the USAID cuts. We must seize this moment to reconceptualise our global system and ensure that our domestic imperatives serve our nation efficiently and sustainably,” Lamola told Members of Parliament (MP).

He highlighted that the United States is South Africa’s biggest trading partner in the world after China.
South Africa is home to 601 American companies, accounting for 143 000 jobs.

The Minister told MPs that in 2023, bilateral trade between the US and South Africa equalled US$ 22 billion, with the United States being a significant agricultural export destination for South Africa.

South Africa exports platinum, motor vehicles, reaction initiators, ferroalloys, citrus, jewellery, nuts, chemicals, wines, engines, turbines, and ships and boats to the United States.

According to Lamola, about 22 South African companies are currently invested in the United States, providing about 6 900 jobs. – SAnews.gov.za

Gabisile
Fri, 03/07/2025 - 12:46
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7 March 2025

Eskom Implements Stage 3 Loadshedding

Location: Business

Friday, 07 March 2025: Eskom has announced that Stage 3 loadshedding will be implemented from today at 14:00 until Monday, 10 March 2025 at 05:00.  This decision comes after a loss of 2700MW in the past 14 hours. This includes Koeberg Unit 2, which was taken offline after being brought back on Wednesday, and two...

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