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South African Business 2022

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Welcome to the 10th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by the website www.southafricanbusiness.co.za. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provinces. This issue has a focus on Special Economic Zones which are being rolled out across the country with specific economic areas of focus. The importance of the revival of minerals exploration and the significance of onshore and offshore gas discoveries is the subject of another special feature.

COP 26 "Partnership aims

COP 26 "Partnership aims to accelerate the decarbonisation of South Africa's economy" “South Africa welcomes the commitment made in the Political Declaration to supporting the implementation of our revised Nationally Determined Contribution, which represents our country's ambitious effort to support the global battle against climate change. “We look forward to a long term partnership that can serve as an appropriate model of support for climate action from developed to developing countries, recognising the importance of a just transition to a low carbon, climate resilient society that promotes employment and livelihoods.” Subject to concurrence on the investment framework, and in line with budgetary procedures and consensus on the use of funds and terms on which finance may be provided, mobilize an initial amount of approximately .5 billion over the next three to five years through a combination of appropriate financial instruments, which may include but is not limited to multilateral and bilateral grants, concessional loans, guarantees, and private investments, and technical support to enable the just transition, with a view to longer-term engagement. Source: UK News Today Nov 2021 President Cyril Ramaphosa: COP26 must ensure a just transition that leaves no one behind "Net Zero emissions 2050" South Africa is developing plans to enable a just move to net zero. Our electricity sector, which contributes 41 percent of our greenhouse-gas emissions, will be the first phase. We will be decommissioning and repurposing coal-fired power stations and investing in new, low-carbon generation capacity. We will also pursue green industrialisation opportunities such as electric vehicles and fuel cell production that stimulate job creation and economic growth. Source: UK News Today Nov 2021

Source: Northern Cape GH2 Strategy 2021 "Launch this exciting development for the Northern Cape." Minister Barbara Creecy: Launch of Northern Cape Green Hydrogen Strategy and Sasol as anchor investor The new roadmap builds on what has been achieved in the past 10 years and moves us from research and development to manufacturing and commercialization. Local manufacturing of hydrogen products and components will contribute towards job creation and skills development and enhance economic transformation that will benefit the previously marginalized sectors of society, particularly women and youth, especially in a province, like the Northern Cape, which is one of the poorest in terms of demographics in South Africa. As we have heard this afternoon, the intention is to have a dedicated green grid, electrolyzer park, and green hydrogen-related Special Economic Zone to manufacture green hydrogen industry-related goods and services in the Northern Cape. We are particularly excited by this development which aligns with the DFFE’s declaration of the expanded western Strategic Energy Corridor in the Northern Cape. Over the past few years, our department undertook Strategic Environmental Assessments to identify among others renewable energy development zones (REDZ) and strategic energy corridors, in which large-scale grid infrastructure expansion could be incentivized. This was done to proactivity identify environmental sensitivities and assist in orientating infrastructure development away from areas of high environmental sensitivity, allowing for a streamlined environmental authorization process that speeds up development while maintaining the highest environmental protection. Through this process, we have heeded the call from the His Excellency President Ramaphosa to cut red tape and to halve the authorization timeframe for transmission scale electricity grid infrastructure and reduce the timeframe for electricity grid development from 7 to 3 years by allowing a pre-negotiated route to be submitted for authorization which significantly simplified the servitude negotiation process.

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