It’s no secret that South Africans have been battling high electricity costs and the relentless frustration of load shedding.
But during his 2025 Budget Vote address, President Cyril Ramaphosa offered a glimmer of hope—cheaper electricity could soon become a reality.
Speaking to Parliament, the president emphasized that government is laying the groundwork for a more competitive electricity market.
The goal? Attract significant investment into new energy generation—especially from renewable sources.
Moving Toward a Greener, More Competitive Energy Market
Ramaphosa explained that government is working closely with key stakeholders to increase the country’s reliance on renewable energy.
This is part of a broader shift to make the economy greener and less dependent on unreliable power from aging infrastructure.
He said the transformation is already underway, pointing to “massive new investment” being unlocked thanks to a more open and competitive energy framework.
Load Shedding Becoming the Exception, Not the Rule
For many South Africans, daily power outages had become a frustrating way of life.
But Ramaphosa was confident in the improvements made so far.
“There was a time when daily load shedding was the norm.
Now, it is very much the exception,” he said.
He credited progress within the energy sector for reducing both the frequency and intensity of blackouts across the country.
Transmission Network Sees a Boost from Public and Private Investors
Alongside efforts to improve generation, Ramaphosa highlighted advances in strengthening South Africa’s transmission infrastructure.
Significant strides have been made to open the sector up to both public and private investments, paving the way for a more stable and modern power grid.
Focus on a Fair and Just Energy Transition
One of the biggest developments Ramaphosa highlighted was the creation of the Just Energy Transition Project Management Unit within the Presidency.
This unit is driving projects focused on renewable energy generation, improved transmission, and crucial skills development.
According to the president, over $12.8 billion (about R230 billion) has already been pledged by international partners to support South Africa’s green energy transition.
These funds are going directly toward renewable projects in municipalities across the country.
South Africa Leading the Way in Renewable Energy Shift
Ramaphosa was optimistic, claiming South Africa is now at the forefront of the global just energy transition.
With a clear strategy in place and real investment beginning to flow, he painted a future where load shedding could become a distant memory—and where clean, affordable electricity is within reach for all.