The ‘Building for Jobs’ budget in Cape Town is a transformative fiscal strategy focused on infrastructure and job creation, with a record R76.4bn allocated for the financial year 2024/25 and R12.1bn earmarked for infrastructure. The budget is expected to create 130,000 jobs over the next three years and is committed to social inclusion and green energy. It also reflects the city’s dedication to social welfare, green energy, and safety measures. This innovative budget represents a pivotal juncture for Cape Town, driven by a vision of a wealthier, fairer, and more inclusive future.
The Africa Energy Indaba is a conference that focuses on the energy sector in Africa. It allows small businesses and entrepreneurs to showcase their green energy solutions, meet potential investors and financiers, participate in industry discussions, and network within the energy ecosystem. The 2024 conference in Cape Town showcased eight innovative businesses, each with their unique emphasis on green solutions. These enterprises are paving the way for a cleaner, greener future in Africa and beyond.
South Africa, Denmark, and the Netherlands recently held a successful business forum to explore opportunities in green hydrogen and green energy sectors, aimed at strengthening economic ties and fostering collaboration. The Netherlands and Denmark showed keen interest in becoming key trading partners with South Africa, particularly in the newage green sectors.
On June 5, the Atlantis Special Economic Zone (ASEZ) held an official groundbreaking ceremony for the civil infrastructure construction in zone 1. The project marks a significant step forward in the development of the Western Cape’s green energy sector. ## A Dedicated Hub for Green Technology and Renewable Energy
Cape Town, also known as the Mother City, has been in the spotlight for the past few years due to the severity of load shedding experienced in the region. However, the city is now set to become the first loadsheddingfree city in the country, thanks to the development of a solar PV and battery storage project near Somerset West.