Forecast: Electricity Production in South Africa

The analysis of electricity production in South Africa shows a gradual decline in value, from 21.34 thousand gigawatthours in 2013 to 19.41 thousand gigawatthours in 2023. The year-on-year variation for 2023, compared to 2022, was a decrease of 0.79%. The compound annual growth rate (CAGR) over the past five years was -1.9%, indicating a consistent downward trend.

Future trends to watch for include:

- A continued decline in electricity production, with forecasted values dropping to 18.64 thousand gigawatthours by 2028.- A forecasted five-year CAGR of -0.64%, resulting in a five-year growth rate of -3.18%.

These trends highlight the need for increased investment in sustainable and renewable energy sources, improvements in energy efficiency, or a potential shift in energy policies to stabilize or reverse the declining production figures.