Energy efficiency tax incentives now open for business
January 2014
News
During November 2013, the National Treasury gazetted section 12L which puts into operation deductions of energy efficiency savings in terms of the Income Tax Act of 1962. This long-awaited announcement is welcomed by the Certificated Measurement & Verification Professionals (CMVP) industry that has been advising clients for some time to prepare for this release.
The 12L allows deductions calculated at 45 cents per kilowatt hour of energy efficiency savings. A person claiming the deduction must obtain a certificate issued by an institution, board or body prescribed by the regulations. Such bodies can be found on the South African National Accreditation System (SANAS) website www.sanas.co.za.
To claim for energy efficiency savings from National Treasury the regulation requires that a baseline must be set at the beginning of an assessment year with a reporting period of the energy use at the end of the year of assessment and that such savings calculations meet the full criteria and methodology used to calculate energy efficiency savings. No double dipping is allowed, which means concurrent benefits in respect of the energy efficiency savings may not be received.
To find persons qualified to provide M&V services, the Council for Measurement and Verification of South Africa (CMVPSA) is an independent professional M&V body that represents the South African M&V industry and ensures that the quality of services and service providers is credible and transparent. Its website is www.cmvpsa.org.za.
To assist companies interested in developing an energy reduction strategy, the Energy Training Foundation offers CMVP training accredited by ECSA. The next scheduled courses will be in Cape Town 12-14 March, Johannesburg 14-16 May and 22-24 October and Kenya 23-25 June.
For more information contact The Energy Training Foundation, +27 (0) 41 367 1041, [email protected], www.energytrainingfoundation.co.za
Further reading:
RS South Africa shapes future engineering talent
RS South Africa
News
RS South Africa is demonstrating that nurturing future engineers goes beyond traditional classrooms or competitions. On STEM Day, the company shone a light on the full spectrum of its educational initiatives.
Read more...
ABB and Compu-Power bring high-efficiency UPS innovation to IS3 X-Change 2025
News
ABB recently participated in the 31st annual IS
3X-Change 2025 in Cape Town, alongside its long-standing channel partner Compu-Power.
Read more...
UKZN’s SMART lab wins aviation award
News
: The SMART Lab at UKZN was awarded first place in the Aviation Research and Development category at the Civil Aviation Authority of South Africa’s award ceremony for outstanding contributions and achievements in the aviation sector.
Read more...
Meta and partners announce completion of 2Africa subsea cable system
News
Meta, in partnership with leading global and regional telecommunications companies, has announced the completion and activation of the core 2Africa subsea cable system. This marks a historic milestone in digital infrastructure, establishing what the world’s longest open-access subsea cable system.
Read more...
RS South Africa retains Level 2 B-BBEE status
RS South Africa
News
RS South Africa has once again achieved Level 2 B-BBEE verification.
Read more...
SEW-EURODRIVE unveils world class facility in Gqeberha
News
In a landmark event in the Eastern Cape attended by key customers and industry leaders, SEW-EURODRIVE officially opened its expanded state-of-the-art facility in Gqeberha, marking a major milestone in its strategy to strengthen regional support and deepen its footprint in the region.
Read more...
Africa’s brightest young battery innovators
Schneider Electric South Africa
News
Schneider Electric and Enactus, the international NGO dedicated to inspiring students through entrepreneurial action, have announced the winners of the 2025 Energy Transition Battery Innovation Challenge, funded by the Schneider Electric Foundation. It empowers young innovators to design battery solutions addressing the region’s most pressing energy challenges.
Read more...
Africa’s strategic role in powering the global clean energy future
News
The 2026 Africa Energy Indaba is to spotlight Africa’s mineral wealth, industrialisation potential and the urgent need for sustainable value chain development.
Read more...
The road to the Indaba
News
The Africa Automation Indaba 2026 is set to become a landmark gathering for Africa’s automation, process control and manufacturing community.
SA Instrumentation and Control will be running a dedicated editorial series spotlighting the voices, ideas and debates shaping Africa’s industrial future.
Read more...
Crash reconstruction tests advance vehicle safety research
News
The University of KwaZulu-Natal’s Scientific Multidisciplinary Advanced Research Technologies (SMART) Lab recently participated in a series of collaborative crash reconstruction tests held at the Toyota Test Track.
Read more...
printer friendly version