Tag: Renewable Energy Independent Power Procurement Programme (REIPPP)

South Africa’s revamped carbon tax policy, coming into effect in 2026, signals a decisive shift in the country’s climate and energy landscape. With stricter emissions thresholds and an expanded scope for carbon offsets, the carbon tax overhaul is set to drive major investment in renewable energy. It will also reshape how businesses source electricity. This policy evolution opens new doors, even though some hurdles remain.

On 4 April 2025, the South Africa Transmission Infrastructure Investment Forum brought together key decision-makers. These included the Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, as well as industry leaders, financiers and developers.

At a time when the country is facing a significant energy crisis, the report provides a consolidated overview of the electricity market from consumption to generation to financing. We have launched our South Africa-focused market report, providing a comprehensive overview of the state of play of the country’s energy sector.

The notion of a polycrisis – various systemic crisis occurring simultaneously and interacting with one another – has been around for a while but has gained renewed traction for obvious reasons.

The Medium Term Budget Policy Statement (MTBPS) 2020 was tabled to Parliament on 11 November 2021 by South African Finance Minister Enoch Godongwana.

Recent moves to incentivise renewable energy development in designated areas are welcome, but a new requirement has been introduced which may prove onerous and cause significant delays. Faced with ongoing blackouts, an economy downgraded to junk status and the highest level of unemployment since 2008, the South African government is under more pressure than ever before to promote energy development and attract investment.