Urgent steps must be taken to address current energy crisis

Loading player...
GUEST - James Mackay – CEO of the Energy Council of South Africa



Closing the door on load shedding is undoubtedly one of South Africa’s most urgent priorities. The load-shedding crisis has had a direct impact on lower economic growth, higher levels of unemployment and a deterioration of investor confidence.



Load shedding has masked some even bigger systemic issues underlying our energy crisis – the lack of reform to keep pace with international and technology trends, rapidly ageing infrastructure, especially our distribution grid, and a rapid decline in state capacity. If the systemic issues aren’t addressed, they will ultimately prolong our heavy reliance on coal power, which is at 80% despite many of our power stations being old, unreliable, and no longer economically or environmentally sustainable.
12 Feb 2024 3PM English South Africa Business News · Investing

Other recent episodes

National Minimum Wage increase – 01 March 2026

From 1 March 2026, South Africa’s National Minimum Wage will increase by 5%, rising from R28.79 to R30.23 per ordinary hour worked. The adjustment applies across sectors, including farm and domestic workers, pushing the minimum weekly wage for a 45-hour week to R1 360.35 and the monthly minimum to just…
23 Feb 3PM 11 min

Milk industry at significant risk

South Africa’s dairy industry is facing mounting pressure as foot and mouth disease (FMD) containment measures begin to spill over into export restrictions on dairy products that industry players insist are scientifically safe. Food producer Clover SA has warned that inconsistent and non-standardised FMD eradication measures applied across provinces are…
23 Feb 2PM 15 min

Beyond Burnout: How high achievers mistake endurance for growth

Burnout is often described as the result of taking on too much, too much work, too much responsibility, too many competing priorities. But according to Ronald from HL Consulting, that explanation misses something deeper. He joins the show to unpack why high performers are especially vulnerable to this pattern, and…
23 Feb 2PM 20 min

Budget 2026 & VAT

As South Africa prepares for Budget 2026, attention is shifting not to dramatic tax rate changes, but to the quiet mechanisms through which revenue is protected and expanded. While political resistance makes large VAT rate increases unlikely, SARS appears to be sharpening enforcement, modernising compliance systems, and strengthening audit scrutiny…
23 Feb 2PM 11 min

Budget Speech 2026: Ten Policy Issues to Watch

Finance Minister Enoch Godongwana is scheduled to present the 2026 National Budget on 25 February. Market participants will be watching closely for updates on debt stabilisation, revenue and expenditure projections, and progress on ongoing structural reform initiatives. Ricardo Smith, Chief Investment Officer, Absa Investments unpacks ten policy areas that warrant…
23 Feb 2PM 14 min