South Africa’s electricity improvement might negatively impact investors in the country.
When the country was still battling with electricity challenges, renewable investment opportunities were unlocked for investors to earn market-leading and risk-adjusted returns. Dino Zuccollo, Head of Investor Solutions at Westbrooke Alternative Asset Management says the government fast-tracked the renewable energy transition, which led to National Treasury implementing amendments to the Income Tax Act in 2023 that encouraged taxpayers to invest in renewable energy projects.
“Seasonally adjusted electricity generation increased by 2,1% in the second quarter of 2024 compared with the first quarter of 2024.” When it comes to electricity consumption in the country, it increased by 3.3% YoY in June 2024. Seasonally adjusted electricity consumption increased by 0,7% month-on-month in June 2024. “Seasonally adjusted electricity consumption increased by 1,3% in the second quarter of 2024 compared with the first quarter of 2024.”Why consumers have too much month left at the end of the money