Source: Republic of South Africa (video statements-2)
President Cyril Ramaphosa has signed into law the Electricity Regulation Amendment Act which sets out far-reaching reforms of South Africa’s electricity sector, including the establishment of a competitive electricity market.
The Bill assented to by the President amends the Electricity Regulation Act of 2006 to respond to current realities in the electricity sector and open up pathways to greater competition and reduced energy costs; increase investment in new generation capacity to achieve energy security; establish an independent transmission company as the custodian of the national grid; and impose severe penalties for damage to and sabotage of infrastructure.
Joseph Maraba breaks down this act and its implications.