Govt aims to stimulate renewables investment with R9bn in tax incentives, reworked bounce-back …

South Africa’s 2023 Budget includes tax incentives worth R9-billion to support businesses and households invest in renewable energy, including rooftop solar, in a bid to offset the impact of intensifying power cuts. In addition, the National Treasury announced that it would amend the bounce-back loan scheme, initially set up to support the recovery of businesses from the Covid-19 pandemic, to help address energy-related constraints.