Continental Focus, International Reach

South Africa to Reveal Plans for BIP at EnergyWeek South Africa

Tuesday, November 27, 2018

South Africa’s second Black Industrialists Energy Summit will be hosted in Cape Town as part of EnergyWeek South Africa in December. This meeting takes place alongside the International Gas Cooperation Summit and the Southern Africa Renewable Energy Summit at the Westin Cape Town Hotel.

Localization policies have become a permanent factor for energy development in South Africa, with the B-BBEE Codes of Good Practice for the Petroleum and Liquid Fuels Sector forecast to be released later this year. The REIPPP Program requires a 40% of South African entity participation, having already achieved black shareholding of 64.2% local ownership.

Within two years of launching the Black Industrialists Program (BIP) in 2012, 102 industrialists received funding while 48 companies were given assistance with market access. As recently as April 2018, the Black Energy Professionals Association was launched to increase ownership and build a base for Africa’s industrialists within the energy sector.

The Cape Town meeting will update delegates on government’s plans for making the BIP a success and creating an environment where entrepreneurship in the energy sector can thrive.

Director for EnergyNet’s Africa portfolio Valeria Aruffo commented; “With local content policies rolling out across the continent, we believe this is a key time to address the technicalities of delivering an empowerment program which also needs to operate as a pragmatic growth strategy, supporting South Africa’s industrialization efforts to achieve its economic potential.“

Delegates attending will learn about government strategies to achieve growth, what is expected of BIP participants and how Africa’s industrialists can create value, employment, revenue and innovation across the energy value-chain.

Participating organizations include the IPP Office, Department of Trade and Industry (DTI), Energy and Water Sector Education and Training Authority (EWSETA), Botswana Energy Regulatory Authority (BERA), Atlantis Green-Tech Special Economic Zone (SEZ), Standard Bank, Rand Merchant Bank (RMB) and Solar Turtle.