The eight B20 South Africa task forces set up to make business-led policy proposals for consideration at the G20 Summit in November aim to finalise their recommendations by September. The B20 is the official G20 dialogue forum for the global business community and is being convened by South Africa in 2025 under the leadership of Business Unity South Africa.
A new Green Cape report is forecasting that 6 GW of new private solar PV and 3.5 GW of new private wind capacity will be installed in South Africa by 2030, involving total investments of R132-billion. This, despite serious grid constraints and uncertainty over the future of public procurement, which led the authors to exclude from their estimate any new capacity arising from government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) over the period.
Cape Town Mayor Geordin Hill-Lewis has announced a record infrastructure investment of R39.7-billion over three years as part of the metro’s proposed ‘Invested in Hope’ Budget 2025/26. He says the investment will create more than 130 000 construction-related jobs.