The detrimental impact of this energy shortage is felt across industries, leading to decreased productivity, rising costs, and economic instability.
The inefficient operation of coal plants, infrastructure breakdowns, and limited investment in alternative energy sources have exacerbated the situation.Recognizing the need for private sector involvement in energy production, the South African government introduced Section 12B in 2016 as a means to incentivize investments in renewable energy.
This is known as Section 12BA and is exactly the thing that is needed to empower the private sector to step up. Rather than investing solely in one investment house, Innovate conducts a thorough assessment of the investor’s financial needs and offers options available from the various houses.