President Jacob Zuma says that transformation in the energy sector is paramount and international investors will have to partner with South Africans in the future. Zuma was addressing the Energy Indaba held in Midrand on Thursday, convened by Energy Minister David Mahlobo. It had been anticipated that Mahlobo would use the event to unveil the latest iteration of the Integrated Resource Plan (IRP), which spells out government’s energy plans for the next 20 years. In his opening remarks, Mahlobo told delegates that "by next week we will give you the plan", in an apparent reference to the IRP. Zuma praised the success of SA’s renewable energy independent power producer procurement programme (REIPPP), which he described as "one of the most successful in the world". The programme has attracted more than R190bn in investment, much of it from large European energy companies. While these companies do have empowerment partners, there has been disquiet in government circles for some time that...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.