News flash
- South Africa’s Minister of Finance, Enoch Godongwana, has introduce a 10% import duty on solar panels.
The move is part the the South African National Renewable Energy Master Plan (SAREM) published by The Department of Mineral Resources and Energy (DMRE). The plan is a result of consultations as led by the DMRE, working with industry stakeholders, experts, labour, and other government departments, which led to the development a SAREM which articulates a vision, objectives, and an action plan for South Africa to tap into opportunities provided by renewable energy and battery storage technologies.
The plan prioritises:
- Supporting the local demand for renewable energy by unlocking market demand and system readiness
- Driving industrial development by building renewable energy value chains, and supportive trade and industrial policy
- Fostering inclusive development through transformation, supporting the development of emerging suppliers and building local capabilities in skills and innovation and associated industrial development.
Author: Bryan Groenendaal
1 Comment
How can an import tax on solar panels possibly promote the use of solar power? Something doesn’t make sense.