Watch: Electric car production to be ramped up

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During his 2024 Budget Speech, Godongwana admitted that load shedding is disrupting production, operations and livelihoods in South Africa.

As such, he assured the nation that reforming the energy sector will result in long-term energy security. “We took the necessary decisions in the past five years and these are bearing fruit,” he said.

To promote investments in renewable energy, Treasury’s budget proposes a limit increase for renewable energy projects.

NEWS IN A MINUTE: 2024 BUDGET SPEECH: ELECTRIC CAR PRODUCTION

ALSO WATCH: Watch Budget 2024: Godongwana grants R848 billion for health services

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