Battery storage market ripe for a boom in SA, says World Bank

The development of a battery market and value chain in SA could create a lucrative industry capable of generating up to $2bn in revenue a year by 2032 and tens of thousands of jobs.

This is according to a new report by the World Bank which says that over the next five years SA is expected to show rapid growth in energy storage demand. The rise in demand will come from the transformation of the energy system to include more renewables and developing demand in the electric vehicle sector...

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Standard Bank cautiously optimistic on growth as SA works around load shedding | BusinessStandard Bank predicts a 1.3% economic growth for South Africa in 2023, anticipating a reduced impact of load shedding on the economy as more businesses install solar capacity. | News24_Business _Business That's still a shocking performance for a developing country. In line with a 30 percent pass rate.
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