ECONOMIC RECOVERY: TREASURY, PRESIDENT STATEMENTS SPARK HOPE?

ECONOMIC RECOVERY: TREASURY, PRESIDENT STATEMENTS SPARK HOPE?

• 11 June 2025
• General Interest
• SA Legal Academy

During the past five days, National Treasury (with the Department of Energy & Electricity) and President Cyril Ramaphosa have issued media statements hinting at moves afoot with the potential to facilitate much-needed economic recovery.

Released on 6 June 2025, National Treasury’s statement focused on government’s independent electricity transmission programme, outlining milestones achieved to date. They include:

• a 24 March 2025 ministerial determination on planned electricity infrastructure procurement
• draft transmission regulations gazetted on 3 April 2025 for public comment (as SA Legal Academy reported at the time)
• a marketing exercise conducted to inform the process of formulating the ‘request for qualification’ to be used in developing ‘a bankable, responsive procurement programme’, and
• work under way on developing a credit guarantee programme (in liaison with the World Bank).

Issued on 10 June 2025, the statement from President Cyril Ramaphosa announced:

• a date for the long-promised national dialogue (15 August 2025)
• the names of an ‘eminent persons group’ to ‘guide and champion’ the dialogue
• administrative and process arrangements, and
• plans for a follow-up national dialogue in 2026.

Please click the links below for more information:

• National Treasury/Department of Energy & Electricity statement
• President’s statement
• ministerial determination on planned electricity infrastructure procurement
• SA Legal Academy report on the draft transmission regulations

Published by SA Legal Academy Policy Watch

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