With an estimated $2.5trn worth of proven mineral reserves, the mining sector accounts for around 8% of South Africa’s GDP and 14% of total employment, making it the second-largest employer in the country. However, the industry’s output and performance have been under pressure in recent years, as bottlenecks in labour relations, uncertainty in policy direction and power shortages have weighed...
South Africa Energy
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The second-largest economy in Africa after Nigeria, South Africa benefits from some of the most sophisticated financial markets in the world, paired with a robust regulatory system, and is also home to the headquarters of a number of major multinational players in the fields of industry, energy and financial services.
A decision expected later this year on a tender for the provision of a series of nuclear power stations in South Africa could provide a long-term solution to the country’s power shortfall.
Articles & Analysis | A substantial increase in nuclear generation capacity is on the way from The Report: South Africa 2014
One of the boldest moves outlined in South Africa’s longterm energy strategy is a major nuclear expansion programme, originally proposed in the 20-year Integrated Resource Plan (IRP) published in 2010. The original IRP calls for the construction of an additional 9600 MW of nuclear baseload generation capacity by 2029, equivalent to 23% of projected total energy demand, which...
Articles & Analysis | Plans to diversify the sources of generation are taking shape from The Report: South Africa 2014
With an estimated 3.5% of global coal reserves, South Africa has traditionally benefitted from an ample supply of cheap fuel. It has the fifth most energy-intensive economy in the world, accounting for 30% of total power consumption in Africa. South Africa generates 94% of its electricity from coal. BP estimates that its coal reserves will last for at least another century at...
Interviews & Viewpoints | OBG talks to Eddie O’Connor, CEO, Mainstream Renewable Power from The Report: South Africa 2014
What potential is there for renewable energy to provide capacity and reduce the power deficit?