31/01/2025
"South Africa needs urgent and coordinated efforts to support the transition to clean energy” says Imraan Mukadam director of DG Energy at DG Capital
We are just hours away from an expected announcement from Nersa on electricity tariff increases, and in today's powerful news analysis on TechCentral, Mukadam takes a look at the real costs of energy price volatility for entrepreneurs, businesses and industry.
"The rising cost of electricity, with massive increases expected on 1 April 2025 (and again in 2026 and 2027), coupled with a fragile and outdated grid, has set the stage for a systemic financial collapse that will continue to nibble away at plans for a growing economy” he shares.
He continues to argue that “without stable prices, it is impossible for businesses large and small to anticipate and budget for future costs. In an already fragile and low-growth economy, the paralysing effect on investment and the ability to scale is evident.”
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South Africa needs urgent and coordinated efforts to support the transition to clean energy, writes Imraan Mukadam.