South Africa has sufficient domestic capital to support large-scale renewable and energy infrastructure development but structural barriers within the financial system are preventing this funding from supporting the countrys Just Energy Transition JET.
This was the central message at the launch of the National Planning Commission NPC report, Transformation of South Africas Monetary Architecture: 1983-2024 , on December 2. Speakers at the launch warned that persistently low investment levels are undermining national development objectives and constraining the delivery of infrastructure required for the energy transition.
Presenting the report, Department of Water and Sanitation Director-General Sean Phillips said total investment in South Africa has fallen to below 15 of GDP well short of the National Development Plan target of 30.
