Key Market Indicators
South Africa's electricity generation is projected to see modest growth over the next five years, reaching approximately 239 terawatt-hours by 2028. This marks a slight increase from the roughly 236 terawatt-hours expected in 2023, translating to a compound annual growth rate of 0.2%. However, this modest growth comes in the context of a long-term decline. Since 1990, South Africa's electricity supply has decreased by an average of 1.7% per year. In 2023, the country ranks 21st globally in terms of electricity generation. Vietnam has surpassed South Africa, also generating around 236 terawatt-hours. The United States, India, and Russia hold the second, third, and fourth positions, respectively, in the global ranking for electricity generation.
