Welcome to the inaugural episode of the The Current, an Investec Focus Radio podcast series, in which your host Iman Rappetti takes you on a thought-provoking 10-part journey of South Africa's energy transition.

In this episode, Investec's Campbell Parry, Chris Holdsworth and Samantha Mooi are joined by James Mackay, CEO of the Energy Council of SA. Together they discuss the multifaceted social, economic, and environmental implications that South Africa faces amidst its journey towards a sustainable future.

00:00 Introduction

02:33 Meet the guests

03:11 Solving South Africa’s energy crisis

04:35 “South Africa is going to transition by mistake”

05:13 The economic impact of not undergoing a Just Energy Transition

07:58 Is it fair for developing countries to be penalised?

08:30 Managing the balance between profit and people

09:19 The European energy crisis

10:48 Government more committed to public-private partnerships

12:49 Progress on corporate emissions reductions and the REIPPP

15:00 Technology disruption is what’s really driving the value of the energy transition

15:35 Targets in the Integrated Resources Plan

16:50 Is nuclear an option?

17:56 The potential of natural gas as an alternative power sources

19:16 It’s time to implement our plans

20:20 What do we need to achieve in the next 10 years?

21:38 What impact will the energy transition have on jobs?

24:32 Affordability of renewable energy

25:42 Insights from COP28

27:21 Closing comments

Tune in to this enlightening conversation and be part of the dialogue that could shape the trajectory of South Africa's energy landscape. Whether you're an industry professional, policy-maker, or a concerned citizen, this episode promises to offer valuable insights into the challenges and opportunities that lie ahead.

This episode was brought to you by Investec Wealth & Investment's Global Sustainability Equity Fund. Invest in world class companies dedicated to achieving the UN's Sustainable Development Goals (SDGs), and that we believe can provide you with attractive returns. The fund strives to have a 100% net positive SDG impact. Learn more: https://www.investec.com/en_za/investment/invest-offshore/global-sustainable-equity-fund.html Read transcript