Failure to deliver infrastructure impacts on basic social needs
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.The failure to implement infrastructure projects has been a recurring issue across African nations – with South Africa no exception.
Says Conway Williams, Prescient Investment Management’s Head of Credit: “We need to unlock the gridlock and decode Africa and South Africa’s struggles with infrastructure implementation”. “The global importance of a just energy transition is underscored by the urgent need to mitigate climate change. By transitioning to cleaner energy sources, the world can reduce greenhouse gas emissions, slow down global warming, and promote environmental sustainability. It can also enhance energy security and reduce dependence on finite fossil fuel resources.
“To manage the transition, South Africa needs a comprehensive strategy, including investment into renewable energy, developing solar, wind, and other renewable energy sources. There needs to be skills development and providing training and support for workers to transition to jobs in the renewable energy sector. There needs to be social programmes and implementing social safety nets to support communities impacted by the decline of the coal industry.
Williams also highlights the importance of South Africa’s IRP2023, the country’s blueprint for electricity infrastructure, detailing both expected demand and supply. Prior to these transactions, the CEIDF had already committed over R4 billion to 30 renewable energy projects and infrastructure opportunities and contributed towards enabling an additional 2.2GW of clean energy – the equivalent of one million average South African homes.Williams emphasises that the integration of renewable sources into South Africa’s grid is a monumental task and one that is critical to this country’s future.
Whereas the first wave from 2011 to date was anchored on wind and solar power generation, the next phase offers a blend of renewables, gas-fired power, grid investment and open market direct and indirect market opportunities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa: Universal Health Coverage - a Failure of Implementation or Strategy?Halfway to the 2030 deadline for Universal Health Coverage, the world is severely off track. Nearly half of the global population lacks access to essential health services, with one in four facing devastating healthcare costs
Read more »
Concerns over single points of failure for South African fibre networksScheduled maintenance at a Teraco data centre recently wiped out most of Openserve’s FTTH network in the East of South Africa.
Read more »
‘35% failure rate is not small’: Labour Party disputes IEC claims that system worked perfectlyThe Labour Party has dismissed the suggestion that the IEC's registration portal did not experience any technical difficulties.
Read more »
Nigeria's Failure to Prioritise Youth Sexual Health Hampers HIV PreventionThe UNAIDS official said in sub-Saharan Africa, young women are more than twice as likely to be infected with HIV than their male counterparts.
Read more »
AI may be to blame for our failure to make contact with alien civilisationsWhat if AI represents a formidable bottleneck in the development of all civilisations, one that thwarts their long-term survival?
Read more »
WCG concerned over Cape Town port’s failure to meet recovery targetsTransnet’s Cape Town Container Terminal (CTCT) reportedly fails to meet its recovery targets and Ship Working Hours. CTCT’s headline productivity, which measures the average container moves on a vessel per hour, currently stands at 25 hours compared to the 30-hour target.
Read more »