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Budget 2024 – navigating uncertainty in challenging times

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Minister of Finance Enoch Godongwana will deliver the 2024 Budget Review to Parliament next week as the South African economy faces a gloomy economic outlook. The economy is still recovering from the impact of COVID-19 and state capture.

Harnessing solar – a complete guide to renting vs buying

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As load shedding persists and solar gains popularity in South Africa, households are left with the decision of either buying or renting a solution. Solar solutions have taken centre stage in South African homes. The quest for an “always on” lifestyle has propelled consumers into a crucial crossroads: should you rent or buy your solar system?

How wildlife vets play a vital role in advancing conservation

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South Africa has to ramp up its conservation efforts, including in the protection of threatened and endangered species, in order to meet its international commitments by 2030 as a signatory to the Convention on Biological Diversity. Acknowledging the urgency of taking action in this regard, the South African government recently rolled out a ground breaking tax incentive for the conservation of threatened species.

Tax credit for individuals for solar panels brought into use

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The draft Taxation Laws Amendment Bill, which was issued on 31 July 2023, proposes the introduction of a new rooftop solar energy tax incentive for individuals in an effort to encourage South African households to invest in electricity generation capacity, and by so doing, reduce pressure on the electricity grid.

Do research before moving off the grid with solar

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Load shedding remains a thorn in the side of all South Africans and the country’s government, and it’s no surprise that more people are considering the move to solar as a renewable alternative energy source. However, the market is fraught with danger for the unsuspecting and desperate homeowner and consumers need to inform themselves and proceed with caution.

The Rands and sense of learnerships

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Learnerships are an essential resource to future-proof your business. Broad-Based Black Economic Empowerment (B-BBEE) is only effective in meeting its goals if the transformative ethos of the legislation is embraced. If B-BBEE is approached with a begrudging compliance mindset, merely ticking boxes, it will fail.

Going off the grid? How it affects your insurance

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By now you would be hard-pressed to find a South African who is not familiar with the terms Stage 1-6 of load shedding, or even the tongue-in-cheek, Eish-kom. All of these are used to describe the instability of the national power grid.

Reading the fine print of the solar incentives – load shedding’s...

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At first, the response to government’s power moves, announced at last month’s Budget Speech, was overwhelmingly positive. Energy packages, which offered tax incentives for households and businesses to offset the steep financial toll of load shedding, were introduced.

Investment in renewable energy is a fundamental business decision

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We are pleased to share our second South Africa Economic Outlook report for 2023. In the wake of Budget 2023 and announced incentives for investment in solar power generation, this edition focuses on green incentives and their role in encouraging local businesses to invest in renewable electricity generation.

Expanded renewable energy incentives to tackle electricity crisis

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Every South African is currently faced with the ongoing negative effects of rolling electricity blackouts, which Government euphemistically refers to as “load shedding”. It affects our businesses, our homes, our livelihoods, our safety and our faith in the future of our country.

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