Energy efficiency incentives extended for three years
May 2019
News
South African businesses may be encouraged to be more energy efficient and reduce their electricity bills by Treasury’s recent announcement that the energy efficiency savings tax incentive (Section 12L) will be extended for three more years. The announcement made by Minister of Finance, Tito Mboweni comes at a time when there is an urgent need to reduce energy consumption nationally.
The SA National Energy Development Institute (SANEDI), which plays the role of implementing and overseeing the application process of the incentive, has welcomed the extension. Manager for energy efficiency Barry Bredenkamp says, “It gives businesses a larger window of opportunity to continue the drive towards energy saving. The incentive gives customers the triple benefit of reducing their bills, improving their carbon footprint, and helping to meet the country’s energy requirements, while at the same time being given a tax rebate.”
The savings allow for a tax deduction of 95c per kWh saved on energy consumption. Bredenkamp says that in some instances customers have saved up to 30% on their energy bill, and then also get a rebate from their tax return to further sweeten the deal. The 12L tax incentive’s objective is two-fold: to encourage energy saving in a constrained capacity environment and to assist in meeting the country’s commitment to reduce carbon emissions over the next years.
National Treasury also announced that they will be reviewing the design and administration of the energy efficiency savings tax incentive this year, to make it even easier for smaller businesses to gain access.
For more information contact SANEDI, +27 11 038 4300, [email protected], www.sacccs.org.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