Key Market Indicators
South Africa's energy consumption is projected to climb to approximately 5.0 exajoules by 2028, up from around 4.9 exajoules in 2023. This marks an average annual growth rate of 0.5%. Historically, South African energy demand has experienced a decline, averaging a 0.9% decrease year-on-year since 1970. Despite this downward trend, the future outlook indicates a modest rebound. In the global context, South Africa ranked 22nd in energy consumption in 2023. Malaysia narrowly outpaced South Africa with an energy consumption of 4.9 exajoules. The top spots in the energy consumption rankings were held by the United States, India, and Russia, occupying the second, third, and fourth positions, respectively.
Latest reports
South Africa Energy Market Report- Q1 2025
The first quarter of 2025 has been a transformative period for the energy market in South Africa. The nation is experiencing a significant...
South Africa Energy Market Report- Q4 2024
The South African energy market in Q4 2024 showcases a dynamic landscape marked by significant shifts towards renewable energy, amidst ongoing challenges in...
