Once you have electricity, the more you have, the more you want.
South Africa generates about 34 Gigawatts of electricity annually. The total electricity generation of Africa is approximately 160 Gigawatts and it is estimated that by 2030, South Africa will need 85 Gigawatts of power and Africa 610 Gigawatts (International Renewable Energy Agency Report – 2015).
This growth is exponential – energy production being the fastest growing sector in the economy and will need investment in order to unlock its true potential.
The provision of sustainable energy attracts and promotes the industrialisation of a region or country and has a multiplier effect on its economy resulting in job creation and a reduction in poverty.
Between 2010 and 2016, nearly 27,000 jobs have been created as a by-product of new energy production in South Africa. It is envisaged that many thousands of jobs will be created by this explosion in energy investment opportunities across the continent.
“Sell the fruit and not the tree”.
This philosophy comes in to play as we attract long term permanent capital and have the ability to raise additional capital more easily by offering shares rather than selling assets.