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UN agency has launched a report on green business and financing in Africa
Published: 22 May 24
Africa has major opportunities for green economic development and could become a world-leader in it, UN Development Programme (UNDP) Regional Service Centre for Africa director Dr Matthias Naab highlighted at the Enlit Africa 2024 conference, in Cape Town, on Wednesday. He was launching the UNDP’s 'Africa Green Business and Financing' report, at the International Convention Centre. Africa contained 30 of the world’s 40 most climate-vulnerable countries, he pointed out. And global climate programmes were falling short of their targets.
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South African member committee of World Energy Council launched
Published: 22 May 24
A South African member committee of the World Energy Council (WEC) has been launched under the aegis of the Energy Council of South Africa. The member committee is made up of ten high-level energy practitioners drawn from the public and private sectors, namely:
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South Africa must diversify into high-value exports, connect to region to boost growth
Published: 22 May 24
For South Africa to achieve economic growth that leads to improved wellbeing for its citizens, it needs to convert the primary commodities it produces into high-value exports and develop a stronger relative comparative advantage in more competitive goods than only basic metals. Further, the country needs to connect to the continent and the range of opportunities through the African Continental Free Trade Area. Intra-African regional trade is low, and South Africa has a strong economy that can generate synergies that can contribute to strong regional growth.
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Falling EV sales are upending banker climate strategies
Published: 22 May 24
Electric vehicles (EVs) have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern. A slowdown in EV adoption has potentially huge implications for the energy transition. It also has ramifications for the many financial institutions that have pledged to decarbonize the loans and investments they make.
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Daimler Truck Southern Africa launches electric heavy-duty truck range
Published: 22 May 24
Original-equipment manufacturer (OEM) Daimler Truck Southern Africa (DTSA) has launched a line of electric heavy-duty trucks, called eActros, as part of its Power Up electric mobility offering.
The fully battery-electric truck range includes the Mercedes-Benz eActros 300, comprising 4 x 2 and 6 x 2 wheelbase configurations, the Mercedes-Benz eActros 400 in a 6 x 2 wheelbase configuration, as well as a truck tractor variant.
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Westwell to retire as Sasol chairperson
Published: 22 May 24
Stephen Westwell will, on June 1, retire as nonexectutive director and chairperson of chemicals and energy group Sasol, after having served on the board for 12 years. Lead independent director Muriel Dube will take up the position of acting chairperson until a full-time successor is appointed.
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Opinion: Let’s talk about the well-lit elephant in the room
Published: 22 May 24
In this article, BDO South Africa partner and renewable energy expert Nato Oosthuzen writes shares his insight on where the country is at with loadshedding and the reasons why he is cautiously optimistic about the potential for a brighter future for South Africa.
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Cape Town is leading the country’s green energy transition, affirms city Alderman
Published: 22 May 24
Cape Town is really taking the lead in the green energy transition, affirmed the city’s Economic Growth MMC, Alderman James Vos, on Tuesday. He was opening Western Cape trade, tourism and investment promotion agency Wesgro’s Green Hub pavilion at the Enlit Africa 2024 exhibition, in the Cape Town International Convention Centre. He highlighted that the city had a R4-billion budget, over the next three years, to upgrade and maintain its electricity grid, to enable the green energy transition. One of the priorities of this programme was to ensure grid stability, for, without grid stability, green electricity was going to go nowhere.
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South Africa refiles work-permit changes to create nomad visa
Published: 22 May 24
South Africa’s Department of Home Affairs refiled long-awaited changes to its work-permit regime to allow for the creation of a so-called nomad visa for remote workers. The May 20 gazetting of the changes, which had last month been withdrawn after the department failed to observe a mandatory period for public comment, means that the changes are now law.
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