Sibanye-Stillwater is but one major listed company that could have brought its own energy supply on-stream, were it not for energy minister Gwede Mantashe and the government’s inexplicable sloth over licensing and regulating supply from independent power producers (IPPs). Helped by an astonishing rally in the palladium price, Sibanye has had a very good year and gained about 220% on the JSE. It could have been even better, had more power been available at a better price. We asked CEO Neal Froneman where the company is now in terms of getting off Eskom’s crumbling grid.

NF: We started in 2013 with a photovoltaic project of 150MW. We managed to get into the queue, but there have been basically no approvals. We’ve designed the project, we’ve done the environmental impact, we have the land...

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, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now