Kganyago holds up renewables scheme as the type of structural reform needed to lift growth

South African Reserve Bank (SARB) governor Lesetja Kganyago has lamented the prevailing uncertainty around South Africa’s renewable-energy procurement programme, which he heralds as the type of “no-brainer” structural reform that should be continued and expanded. Speaking at a briefing of editors in Johannesburg, Kganyago noted that the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), which had facilitated nearly R200-billion in private investment, was held in high regard globally.