Johnathan Paoli
Finance Minister Enoch Godongwana has described the country’s energy crisis as a problem that confronts all South Africans, and disrupts production, operations and livelihoods.
Godongwana made these remarks during his presentation of the 2024 Budget speech, held in the Cape Town City Hall on Wednesday.
“Reforming the sector will result in long term energy security. We took the necessary decisions in the past five years and these are bearing fruit,” the Minister said.
In order to promote further investments in renewable energy, this budget proposed an increase in the limit for renewable energy projects that could qualify for the carbon offsets regime, from 15 megawatts to 30 megawatts, he said.
Godongwana said Eskom continued to be a key role player in the electricity sector and that the debt relief plan allowed the entity to focus on its core business.
“We will release the report on the independent review
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
