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TIPS FDI Tracker update on Foreign Investments – THE REAL ECONOMY BULLETIN

Foreign direct investment projects The TIPS FDI Tracker monitors foreign direct investment projects on a quarterly basis, using published information. The total investment value from projects captured this quarter was R68.9 billion. Projects captured in the fourth quarter are a mix of those announced at the 2020 Investment Conference and others identified outside the conference. The third South African Investment Conference took place in November 2020 against the backdrop of the COVID-19 depression. It picked up 50 pledges from foreign and local companies, totalling approximately R109 billion. Of these, 21 pledges totalling R36.1 billion came from foreign companies. As with previous conference pledges, some of the investments are already in the pipeline, rather than entirely new projects. The FDI Tracker for quarters three and four 2020 will provide a detailed analysis.

Powerfuels and Green Hydrogen

Powerfuels are synthetic gaseous or liquid fuels based on renewable hydrogen, which is hydrogen obtained by the electrolysis of water using renewable electricity. Powerfuels are therefore a renewable alternative to fossil fuels (as their use avoids net emissions of CO2), to be used in sectors which may be difficult to decarbonise and may not be easily driven directly by renewables-based electricity.

EU Investors’ Responses to Broad-Based Black Economic Empowerment: A Skills Enhancement Model

The South African government has applied a wide range of localisation policies since the 1990s, largely through state-owned entities. 

Review of the Draft Public Procurement Bill

On 19 February 2020, the National Treasury released the Draft Public Procurement Bill (“Draft Bill”) for public comments. The overriding purpose of the Draft Bill is to introduce a single regulatory framework for local, provincial and national government and state-owned enterprises; and to create the necessary institutions to ensure the integrity of the procurement system and to address potential violations. The Bill also replaces critical provisions in the existing Preferential Procurement Policy Framework Act of 2017 relating to the scoring and award of government tenders.

The impact of local content policies on EU exports and investment, and economic transformation in South Africa

The South African government has applied a wide range of localisation policies since the 1990s, largely through state-owned entities. 

#TEAMEUROPE INVESTMENT RELATED EVENTS

In the lead up to and in support of South Africa’s Investment Conference, which is expected to take place on 18 November 2020, #TeamEurope will be hosting a number of events to highlight the main opportunities and impediments for increased trade, investment and cooperation between South Africa and the EU. 

Opportunities in the South African Cotton & Wool Value Chains

As a single market, the EU is South Africa’s largest trading partner, making up 30% of South Africa’s imports and 24% of South Africa’s exports in 2019. The EU is also the largest investor in South Africa.

EU Delegation in SA supports policy dialogue on local green SMME recovery

EU Delegation in South Africa engaged with national, provincial and local South African government stakeholders, as well as representatives from industry and civil society, in an online dialogue on the theme of green SMME recovery. This engagement forms part of various initiatives in the build-up to the #Team Europe Climate Diplomacy Week, which runs from 14 – 23 September.

South Africa’s 4IR starts with proper spectrum allocation, incentives

University of Johannesburg vice-chancellor and deputy chairperson of the Presidential Commission on the Fourth Industrial Revolution (PC4IR) Professor Tshilidzi Marwala has shared some the recommendations of the commission’s report around South Africa’s progress towards embracing the Fourth Industrial Revolution (4IR). - Marleny Arnoldi

Mantashe agrees to creation of engagement forum with renewables stakeholders

Mineral Resources and Energy Minister Gwede Mantashe met with renewable-energy stakeholders on Thursday in an effort to build trust, improve communication and reduce obstacles to the roll-out of renewable energy in South Africa - Terence Creamer

Renewable Energy Investors and Municipalities Must Compromise

Investors in renewable energy and municipalities both must give ground if South Africa is to find a lasting solution to the electricity crisis, argues electricity analyst - Chris Yelland

The Regulatory Environment for Electricity

In order to provide clarity to EU stakeholders, the webinar explored the current status and the reasons, real or perceived, for the regulatory blockages delaying much needed private sector investment in the energy sector.
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