If the crisis at the power utility is controlled, SA can still have a brighter future
So, while national government explicitly bears only 16% of the total risk via lower royalties and taxes, that proportion may yet rise to more than half.
SA also has the benefit of some of the largest reserves of minerals that will drive the low-carbon transition, such as manganese and vanadium used in energy storage technologies. Platinum group metals, the largest export commodity, could also benefit if there is significant global take-up of fuel cell technologies.
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