President Cyril Ramaphosa says the Gazetting of a Ministerial determination enabling the development of more than 11 800 MW of new electricity capacity by independent power producers (IPPs) signals government’s intention to move ahead with one of the key reforms needed to unlock growth and investment in the ailing economy, which has been further knocked by the Covid-19 pandemic. In his weekly newsletter, the President said that several additional reforms would be implemented in the energy sector in the coming months, along with other economic reforms to establish a firm and enduring foundation for the return to growth and job creation that South Africa sorely needs.
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