Stable SOE governance vital for SA's energy certainty, says Jeff Radebe

As part of bringing certainty to the energy sector, Minister of Energy Jeff Radebe intends to ensure stable governance at state-owned enterprises (SOEs).

"This is key because, if our SOEs perform optimally, we will be able to deliver on many of our key strategic programmes without hindrance and with speed," Radebe said at a media briefing in Pretoria on Thursday.

"We have no time delays: Our people need jobs and jobs will only be delivered if we ensure that investment into the economy is realised."

According to Radebe, his department is steadily working towards concluding the review of the Integrated Resource Plan (IRP) by no later than mid-August 2018.

"Finalisation of this critical policy document and related Integrated Energy Plan (IEP) is key towards ensuring policy certainty in the sector," he said.

The IEP provides an overarching planning framework for the development of the electricity, liquid fuels and gas sector in a coordinated and integrated manner.

"Our vision is to improve our energy mix by having 30% clean energy by 2025 within a transformed and sustainable energy sector with a universal access to modern energy carriers for all," said Radebe.

Economy

He sees South Africa's economy as "steadily taking an upward trajectory", which puts the focus of interested international and local investors on the demand for energy.

Radebe added that the National Development Plan (NDP) has elevated the role of energy in the country’s economic growth and development.

"In realising this vision, SA’s energy initiatives are supported by effective policies, institutions, governance systems, regulation and competitive markets."

Radebe reminded that May is Energy Month, which provides an opportunity to make South Africans aware of the issues of energy efficiency.

May is also the month when his department presents its budget vote to Parliament.

"Our primary role is to ensure energy security, the promotion of environmentally-friendly energy carriers and access to affordable and reliable energy for all South Africans," he said.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.15
(+0.05)
ZAR/GBP
20.44
(-0.19)
ZAR/EUR
18.42
(-0.03)
ZAR/AUD
11.28
(-0.01)
ZAR/JPY
0.15
(+0.27)
Gold
1835.52
(-0.23)
Silver
24.13
(+0.49)
Platinum
1060.00
(+3.67)
Brent Crude
48.78
(+0.95)
Palladium
2346.00
(+2.05)
All Share
59419.37
(+0.80)
Top 40
54500.04
(+0.61)
Financial 15
11646.83
(+2.17)
Industrial 25
79758.36
(+0.10)
Resource 10
57015.33
(+0.70)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 383 votes
No, I did not.
52% - 945 votes
My landlord refused
27% - 498 votes
Vote