Some key opinion points:
- Gwede Mantashe’s job is insecure as Energy and Minerals Resources Minister.
- 8100 MW allocation to gas power is unrealistic leading up to 2030.
- We could see a regional capacity allocation for wind and solar projects in the IRP.
The 6th democratic elections in South Africa, held in May this year, saw the expansion of the Ministry of Minerals to include Energy. Mr Gwede Mantashe was appointed as the new Minister of Mineral and Energy Resources by South African President, Mr Cyril Ramaphosa.
Mantashe is effectively the 5th Energy Minister to be appointed in a space of 30 months. Over this time, the inconsistency in leadership in the energy portfolio has resulted in policy uncertainty, corruption, looting, poor management, load shedding, IRP finalisation delays, REIPPP Round 5 delays and extreme financial distress for the country’s energy utility, Eskom.