Urgent steps must be taken to address current energy crisis

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GUEST - James Mackay – CEO of the Energy Council of South Africa



Closing the door on load shedding is undoubtedly one of South Africa’s most urgent priorities. The load-shedding crisis has had a direct impact on lower economic growth, higher levels of unemployment and a deterioration of investor confidence.



Load shedding has masked some even bigger systemic issues underlying our energy crisis – the lack of reform to keep pace with international and technology trends, rapidly ageing infrastructure, especially our distribution grid, and a rapid decline in state capacity. If the systemic issues aren’t addressed, they will ultimately prolong our heavy reliance on coal power, which is at 80% despite many of our power stations being old, unreliable, and no longer economically or environmentally sustainable.
12 Feb 2024 3PM English South Africa Business News · Investing

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