Eskom vs Special Investigating Unit SIU - National Treasury Budget Speech
Eskom. Photo: @afriforum, Twitter

Home » ‘We are not the only country facing a power crisis’- Ramaphosa

‘We are not the only country facing a power crisis’- Ramaphosa

Speaking in KZN, President Cyril Ramaphosa said South Africa is not the only country that is experiencing a power crisis. President Cyril Ramaphosa said South Africa is not the only country in the world that is struggling with electricity. Ramaphosa made these remarks during his visit to KwaZulu-Natal on Sunday, 14 May. A COLD AND […]

16-05-23 12:31
Eskom vs Special Investigating Unit SIU - National Treasury Budget Speech
Eskom. Photo: @afriforum, Twitter

Speaking in KZN, President Cyril Ramaphosa said South Africa is not the only country that is experiencing a power crisis.

President Cyril Ramaphosa said South Africa is not the only country in the world that is struggling with electricity.

Ramaphosa made these remarks during his visit to KwaZulu-Natal on Sunday, 14 May.

A COLD AND DARK WINTER

“We are not the only country in the world that is struggling with electricity, many other countries around the world have got one or some energy generation challenge,” he said.

He added that it will be a challenge to keep the lights on this winter as this is the season when electricity is used most.

GOVERNMENT WORKING TIRELESSLY

Ramaphosa said the government is working tirelessly to resolve the energy crisis.

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RENEWABLE ENERGY IS THE WAY TO GO

The rolling blackouts continue to intensify around the country.

To try and find a solution to the energy crisis, the government encourages people to move to renewable energy.

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Earlier this year, South African Finance Minister Enoch Godongwana announced two tax measures to encourage businesses and individuals
to invest in renewable energy and increase electricity generation.

During his national budget speech in February, Godongwana said green technologies are becoming cheaper, and the deployment of low-carbon
solutions is accelerating therefore recognising the need for government to play a role to play in encouraging adaptation and mitigation.

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SOLAR PANELS

“I am pleased to announce two tax measures to encourage businesses and individuals to invest in renewable energy and increase electricity generation.

“Individuals who install rooftop solar panels from 1 March 2023 will be able to claim a rebate of 25 per cent of the cost of the panels, up to a maximum of R15 000. This can be used to reduce their tax liability in the 2023/24 tax year. This incentive will be available for one year,” said Godongwana.

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