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Discovery Green concludes five wheeling deals across the resources, property and hospitality sectors

South African electricity trader Discovery Green has confirmed that is has signed supply agreements for wheeled electricity with five companies in the mining, property and hospitality sectors, where the appetite for clean energy and price certainty remains strong despite the lowering of the loadshedding risk. Having confirmed a five-year power purchase agreement with platinum miner Implats on January 27, the Discovery Group company reported that it had also signed agreements with KP Lime, The Capital Hotels and Apartments, Balwin Properties, and Fortress REIT Limited.
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World Bank’s Banga seeks $85bn to leverage Africa’s youth

World Bank president Ajay Banga said boosting access to electricity is the key to unlocking the demographic dividend in the world’s youngest continent. Banga, who spoke in an interview at the Mission 300 Africa Energy Summit in Tanzania, laid out a plan that could see the World Bank, International Monetary Fund, African Development Bank and private investors spend about $85-billion to bring power to 300-million people by 2030.
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Opinion: The Electricity Regulation Amendment Act and South Africa’s new era of electricity …

In this article, Webber Wentzel partner Jason van der Poel and associates Emma Bleeker and Kiera Bracher write that the coming into effect of the Electricity Regulation Amendment Act is to be welcomed but that the electricity market may need to rely on its judicial system to limit government power and provide clarity on certain issues arising from the Act.
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Prescient launches new domestic fund with R200m seed capital

Investment management company Prescient Investment Management has launched the Prescient Domestic Balanced Fund, seeded with an initial investment of R200-million. The fund has a number of unique characteristics, including low-cost access to a variety of South African assets including equity, bonds, infrastructure, clean energy and both private and listed credit.
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Implats signs deal with Discovery Green for supply of wheeled electricity to Springs refinery

JSE-listed Impala Platinum (Implats) has signed a five-year power purchase agreement (PPA) with Discovery Green for the supply of wheeled renewable electricity to its refinery operations in Springs, Ekurhuleni, from the end of 2026. The mining company said 90% of the operation’s electricity supply, or more than 130 000 MWh, would be sourced under the PPA, and would enable Impala Refineries to slash it Scope 2 greenhouse gas emissions by more than 852 000 t over the PPA period.
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Eskom says delaying update to tariff structure will entrench incorrect price signals

Eskom has appealed to the National Energy Regulator of South Africa (Nersa) not to again postpone the implementation of a new retail tariff plan (RTP), warning that any delay would further entrench prevailing incorrect price signals to consumers. However, this appeal came amid warnings that the changes being proposed by Eskom could carry unintended consequences for municipal distributors and their customers, undermine nascent efforts to unlock new generation through wheeling, and penalise households and firms that have invested in rooftop solar systems.
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Energy debate likely to shift from availability to affordability – Cape Town mayor

With power utility Eskom breaching 300 days without loadshedding, the national energy debate is likely to shift from availability to affordability, says Cape Town Mayor Geordin Hill-Lewis. Addressing the Cape Town Press Club this week, he said “every, single MW” the city was buying from sources other than Eskom was cheaper than the electricity on offer from the State-owned entity – and this was before the up-to-44% tariff hike application Eskom had lodged with the National Energy Regulator of South Africa for the 2025/26 financial year.
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South Africa’s patchwork climate plans risk widening inequality

Inconsistent government and corporate climate strategies may see poorer regions left behind in the transition away from polluting industries to green jobs, according to new research. Wealthier cities like Durban, Cape Town and Johannesburg, have more advanced plans to cut emissions and adapt to climate impacts than less affluent regions, said the analysis of more than 50 government and corporate entities by South African non-profit SouthSouthNorth (SSN).
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Outa outlines alternative to Eskom’s proposed retail tariff plan ahead of hearings

The Organisation Undoing Tax Abuse (Outa) has released an alternative to Eskom’s proposed retail tariff plan (RTP) ahead of public hearings into the plan, which proposes far-reaching changes to the residential tariff structure that some warn could penalise households with rooftop solar. The National Energy Regulator of South Africa (Nersa) will host virtual hearings into Eskom’s proposed RTP on January 23, having postponed the hearings from the initial December 18 date set.
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WEF calls for ‘constructive optimism’ amid global tensions

Addressing a gathering of global leaders on January 21, World Economic Forum (WEF) founder and chairperson Klaus Schwab called on the global community to embrace “constructive optimism”, urging stakeholders from all sectors – government, business, civil society and academia – to unite in crafting solutions to shared challenges brought about by the transition from the industrial to the intelligent age. “This [transition] is occurring at an exponential pace, carrying unprecedented risks for humanity as we strive to prepare and adapt for its complexities. Yet, it also offers significant opportunities to transcend our current challenges and spark a new renaissance – one defined by advancements in knowledge, health, culture and societal welfare,” he said at the fifty-fifth yearly meeting in Davos, Switzerland, highlighting the theme of the gathering: ‘Collaboration for the intelligent age’.
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