South Africa should learn from BRICS for its energy crisis
ECONOMY & POLICY

South Africa should learn from BRICS for its energy crisis

A senior policy researcher suggested that South Africa should consider India's approach to addressing its energy crisis, especially in relation to electricity, while focusing on nuclear energy and the involvement of the private sector in this field. Redge Nkosi, executive director and head of research for energy, banking, and macroeconomic policy at the Centre for Alternative Political and Economic Thought, shared these views in the daily Business Report and highlighted India's plans.

Nkosi noted that India, as a BRICS member and the most populous nation in the world, having surpassed China, is expected to build over 18 nuclear reactors with a capacity of 13.8 GW by 2032 to enhance its energy mix. This initiative was announced by Indian Prime Minister Narendra Modi. He explained that the financing for this expansion would come from state public banks and domestic commercial banks, with the Indian Reserve Bank playing a significant role in the national effort.

Nkosi also pointed out that while some foreign elements are involved, India maintains yield control to keep debt reasonably priced. He highlighted that this approach serves as a model for a developing country with national interests guiding its policies. Nkosi referenced India's Finance Minister Nirmala Sitharaman's recent announcement in the 2024-25 budget about involving the private sector in atomic energy for the first time in the country's history. He noted that India is not inexperienced with private sector involvement in such areas and cited detailed information from the Indian budget document on nuclear development.

Nkosi suggested that South Africa's Minister of Electricity, Kgosientso Ramokgopa, and the South African Treasury could study India's public-private partnership model as a potential solution. He emphasised that understanding how India uses its macroeconomic tools to reduce energy costs could provide valuable insights, particularly as South Africa faces significant public backlash over substantial electricity price hikes by municipalities served by the state-owned Eskom.

Nkosi advised that South Africa should urgently examine how its BRICS counterparts manage their energy diplomacy in a way that protects national interests and engages the private sector effectively.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

A senior policy researcher suggested that South Africa should consider India's approach to addressing its energy crisis, especially in relation to electricity, while focusing on nuclear energy and the involvement of the private sector in this field. Redge Nkosi, executive director and head of research for energy, banking, and macroeconomic policy at the Centre for Alternative Political and Economic Thought, shared these views in the daily Business Report and highlighted India's plans. Nkosi noted that India, as a BRICS member and the most populous nation in the world, having surpassed China, is expected to build over 18 nuclear reactors with a capacity of 13.8 GW by 2032 to enhance its energy mix. This initiative was announced by Indian Prime Minister Narendra Modi. He explained that the financing for this expansion would come from state public banks and domestic commercial banks, with the Indian Reserve Bank playing a significant role in the national effort. Nkosi also pointed out that while some foreign elements are involved, India maintains yield control to keep debt reasonably priced. He highlighted that this approach serves as a model for a developing country with national interests guiding its policies. Nkosi referenced India's Finance Minister Nirmala Sitharaman's recent announcement in the 2024-25 budget about involving the private sector in atomic energy for the first time in the country's history. He noted that India is not inexperienced with private sector involvement in such areas and cited detailed information from the Indian budget document on nuclear development. Nkosi suggested that South Africa's Minister of Electricity, Kgosientso Ramokgopa, and the South African Treasury could study India's public-private partnership model as a potential solution. He emphasised that understanding how India uses its macroeconomic tools to reduce energy costs could provide valuable insights, particularly as South Africa faces significant public backlash over substantial electricity price hikes by municipalities served by the state-owned Eskom. Nkosi advised that South Africa should urgently examine how its BRICS counterparts manage their energy diplomacy in a way that protects national interests and engages the private sector effectively.

Next Story
Real Estate

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Next Story
Real Estate

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Next Story
Infrastructure Urban

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement