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 Address to refer: https://www.researchchannel.co.za/article/south-african-fossil-fuel-subsidies-hit-record-r118bn-in-2023---iisd-2024-04-10
 Article Headline: South African fossil fuel subsidies hit record R118bn in 2023 - IISD
 Abstract: A new study has found that South Africa's fossil fuel subsidies tripled between 2018 and 2023, rising to R118-billion from R39-billion over the period, with subsidies having been increased largely in response to the surge in fuel prices following Russia’s invasion of Ukraine in 2022. Titled ‘Blackouts and Backsliding: Energy Subsidies in South Africa 2023’, the International Institute for Sustainable Development (IISD) report calculates that oil and gas subsidies more than doubled over the five years to R52-billion compared with R23-billion in 2018.
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