Expensive Eskom power will unravel SA’s plans for growth

Expensive Eskom power will unravel SA’s plans for growth

The government has hailed beneficiation as a key to job creation, GDP growth, development of the South African economy and maximisation of the return on investment.

There is misalignment between the imperative to beneficiate and the affordable and sufficient supply of electricity to the mining sector. Beneficiation cannot occur outside of a steady, affordable and sustainable supply of electricity.

Eskom generates 95% of electricity consumed in SA, and though there has been a push for more independent power producers, a report by Deloitte in 2017 says these producers generate only 5% of electricity.

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Authors 

Athi Jara, Director, LNP Attorneys Inc
Mihlali Sitefane, Senior Associate, LNP Attorneys Inc