South Africa's energy transition is entering a critical phase, according to the latest Energy Market Projections report from Cresco Group advisory firm and Standard Bank’s division for Corporate and Investment Banking.
The June 2025 update builds on earlier projections from July 2024, incorporating substantial changes following November's draft Integrated Resource Plan (IRP2024), which the South African National Energy Development Institute remodelled using a multi-nodal approach.
Cresco updates its market outlook twice yearly, drawing on real project data to help market players navigate the transition. This latest report points out that, while loadshedding ended in March 2024, the country's long-term energy security now depends on getting new capacity, including renewables, gas and storage, online quickly. And there's little margin for error.
Securing supply while enabling economic growth is not a trade-off, it's a necessity. Investors and policymakers must act quickly and decisively if we're to preserve both energy stability and climate credibility.
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