Johannesburg, 23 August 2023 — Today, on the sixteenth anniversary since the construction of the Medupi Coal Power Station commenced, the Fair Finance Coalition of Southern Africa (FFCSA) releases an evoking collection of unseen and unfiltered images, offering a candid glimpse into the lives of communities in the town of Lephalale, who have endured the…
Purpose: Report to be presented to the Human Rights Council in June 2023Background In its stocktaking exercise of the implementation of the UNGPs over the first decade since their adoption, the Working Group recognized that ‘financial actors have an unparalleled ability to influence companies and scale up on the implementation of the Guiding Principles1. With…
By Courtney Morgan, Leanne Govindsamy and Boitumelo Masipa In December, a year after the $8.5 billion Just Energy Transition was first announced, South Africa’s Just Energy Transition Investment Plan (JET-IP) was approved by cabinet and then published for public comment. The Fair Finance Coalition Southern Africa, together with the Life After Coal Alliance, submitted comments,…
There are fears that JET-IP’s proposed funding falls far short of what is needed to support workers and communities affected by the transition away from coal. South Africa’s daring plan to quit coal while sparking growth and keeping the lights on starred again in the State of the Nation Address (Sona) and the recent budget…
Monday 27 February 2023 – 4:00pm JOHANNESBURG – The Fair Finance Coalition of SA says communities bear the brunt of power cuts and should be more involved in the country’s electricity planning processes. READ: SA’s Electricity Crisis | Power cuts cause business instability The coalition also says Andre de Ruyter’s corruption claims have caused uncertainty around…
President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision.
The Just Energy Transition Partnership (JETP) was one of the major announcements that emerged from COP26. This is a partnership between France, Germany, United Kingdom, United States and the European Union with South Africa. It is a multi-billion dollar venture that aims to facilitate a just energy transition. Overall it forms part of the broader…
As countries prepare to attend next month’s Cop27 climate summit in Egypt, South Africa’s cabinet has approved an investment plan for an $8.5 billion package to accelerate the country’s transition away from coal and towards clean energy. However, financial commitments prior are yet to materialise. Will it be any different this time? Thats the question…