UCT GSB partners
Posted on 25 February 2022 by UCT GSB Press Office
Emerging Market Business

UCT GSB partners with 6 other institutions in energy to launch the African School of Regulation (ASR) initiative.

The initiative to create the African School of Regulation (ASR) has been launched via a scientific knowledge partnership agreement among the European University Institute (EUI), the University of Cape Town’s Graduate School of Business (GSB), the Pan African University Institute of Water and Energy Sciences (PAUWES), the Enel Foundation, Rocky Mountain Institute (RMI), and the Energy Nexus Network (TENN).


The launch brought together renowned institutions working in both the energy and climate change sectors with the aim to offer knowledge and capacity building initiatives, as well as applied research and space for policy dialogue, for governments, regulators, utilities, and other stakeholders to better regulate the African energy sector in support of the continent’s socio-economic development and environmental sustainability.

“The Graduate School of Business at the University of Cape Town is pleased to be associated with this initiative to establish an African School of Regulation in partnership with several other institutions on the continent. This will be an opportunity to build on our existing training courses on power sector reform and regulation, through widening the range and reach of activities in support of the energy transition, and the provision of sustainable, reliable and affordable energy services” noted UCT Professor, Anton Eberhard.

 

The Power Futures Lab has been running annual courses since 2001 on power sector reform and regulation in Africa, with each course typically attracting around 70 - 130 participants (regulators, policymakers, utilities, end-users, development finance institutions, private sector) from more than 20 African countries. Local faculty and practitioners are supported by leading international faculty.

“The launch of the African School of Regulation is a testament to our collective efforts to support Africa’s drive to achieving SDG7 with particular emphasis on universal access to modern energy services for all,” said Kandeh Yumkella, founder and CEO of TENN. “However, the massive investments required will only be possible when the right regulatory and policy frameworks are in place. TENN is proud to be one of the collaborating institutions to create the ASR,” he further underscored.

 

At its core, the ASR aims to be the preeminent pan-African centre of excellence on energy regulation and in providing capacity building on best international regulatory practices. Its establishment is inspired by the EUI’s Florence School of Regulation (FSR) mission.

 

“The FSR is keen to share its knowledge and expertise in the creation of the ASR as a specialised school on energy regulation and providing logistical and coordination support during the creation and start-up phase,” said Professor Ignacio Pérez-Arriaga, who represents the FSR in the ASR Partnership.

 

Recognized for its diverse experience and success in providing training in energy regulation with a focus on the European Union but also around the world for almost two decades, the FSR has recently made a special effort to provide the right training and support to meet Africa’s reality and needs in the areas of energy and climate change.

 

The establishment of the African School of Regulation will be executed in two phases. Led by the Florence School of Regulation and in coordination with six (6) partner institutions, phase one will see the development of training programs, the implementation of specific activities in research and policy dialogue. During this first phase, the partners will decide on identifying an African hosting institution(s) and will establish modalities for the future governance of the ASR, including the program of activities and a viable financing plan for a period of 5 years.

Specifically, the Power Futures Lab’s contribution to the ASR will include 3 short Executive Education courses currently offered:

1. Managing power sector reform and regulation in Africa.

The course gives managers and leaders working in this critical sector the ability to contribute to the reform of the power sector and deliver sustainable, affordable services to everyone – while still accelerating economic growth. The course is focused on Africa's needs and exposes participants to international best practice in managing new power markets and the regulatory environment. This specialised short course explores new research on the energy transition, utility of the future, offers a thorough grounding in the fundamentals and practice of economic regulation and seeks new models to manage power systems effectively. https://www.gsb.uct.ac.za/power-reform-regulation

2. Finance, contracts and risk mitigation for private power investment in Africa.

Finance, Contracts and Risk Mitigation for Private Power Investment in Africa is a specialized short course at the UCT GSB teaching the theory and practice of power project financing. This course is aimed at building capacity in the key areas of project finance, associated contracts such as Power Purchase Agreements (PPAs), and risk mitigation measures - including credit enhancement, security measures, and political insurance – mainly for the public sector officials. The specialised course aims to plug this skills gap and unlock growth and investment in the sector. https://www.gsb.uct.ac.za/power-financing 

3. Financial modelling for utility tariff setting (new).

Financial modelling for tariff setting is a core skillset for professionals working in the continent’s power sector regulatory, municipal and utility space. The course gives managers, senior professionals and advisors in utilities, regulatory authorities and government policymakers the skills needed to set tariffs in a regulated context. The course provides an advanced understanding of the building blocks of a tariff-setting financial model. It teaches delegates to build a financial model – including all constituent parts such as regulatory asset base, the weighted average cost of capital, and energy and input costs – that can run sensitivity analyses and provide various tariff paths. https://www.gsb.uct.ac.za/financial-modelling  

 A  virtual Knowledge Hub (hosted by PAUWES) has also been launched to compliment the new initiative’s ongoing efforts. It will also provide an inventory of all relevant and ongoing capacity-building activities, energy regulation institutions in Africa, and a repository of openly accessible learning materials are made available to participants.

Phase two will see the transfer of the management and operations of the ASR to the identified institution(s) under new governance. This means, ASR will formally be headquartered at the hosting institution(s) in Africa.

Institutions that have endorsed the ASR’s mission include – the Africa EU Energy Partnership (AEEP), the Africa Europe Foundation, the World Bank’s Energy Sector Management Assistance Programs (ESMAP), Friends of Europe, Sustainable Energy for ALL and the UN Economic Commission for Africa (UNECA). They will offer support in the start-up, and consolidation of the ASR according to raising needs.

Vera Songwe, the United Nations Under-Secretary-General and the Executive Secretary of UNECA (Africa’s leading institution focused on generating knowledge and applying policy research in support of accelerated economic diversification and structural transformation) commented when informed about the launching of the ASR initiative: “During this Decade of Action for the SDGs, African countries have to dramatically step-up investments in clean energy for access and climate action, requiring about US$ 60 billion or more per year. With the increasing fiscal impacts of the COVID-19, pandemic innovative solutions, such as our SDG7 Initiative and the Liquidity and Sustainability Facility (LSF), are needed to support countries to leverage investments from the private sector. This requires urgency to fix regulatory barriers to ensure market openness, attractiveness, and readiness for private-sector finance. The African School of Regulation is therefore a timely and very welcome initiative to support Africa with the needed capacity for this, and the ECA is proud to be a part of it.”

 


MORE ON Emerging Market Business

Insights from Zimbabwe on how to link formal and
Emerging Market Business

Insights from Zimbabwe on how to link formal and informal economies

Government alone will not be able to bridge the gaping chasm between South Africa’s formal and informal economies. There are innovative intermediaries better suited to the task – but government must play a key enabling role to allow them to do what they do best.

Read Article
Posted on 12 May 2022 by John Luiz
John Luiz - The war in Ukraine and its broader imp
Emerging Market Business

The war in Ukraine and its broader implications for the international green energy transition

The Russian invasion of Ukraine has highlighted the importance of energy politics in international relations and resulted in calls to accelerate the green transition to reduce fossil fuel dependencies. However, the strategic importance of Ukraine's natural resource wealth, particularly as it relates to Europe's energy- and resource-independence in coming decades, is being overlooked both as a potential contributory factor to the war in Ukraine and in terms of its long-term implications.

Read Article
Posted on 21 April 2022 by John Luiz
This concern manifests differently in different re
Emerging Market Business

Why inequality persists: How institutions and organizations reproduce inequality

The continued institutional reproduction of inequality is a matter of growing concern in vast parts of the world.

Read Article
Posted on 14 April 2022 by John Luiz
Sean Gossel - Never mind a wealth tax 2
Emerging Market Business

Never mind a wealth tax, South Africa needs a corruption tax on companies that collude in State Capture

Without private sector collusion, South Africa’s numerous corruption scandals would have been near impossible. A corruption tax on private sector companies complicit in corrupt activities should be introduced.

Read Article
Posted on 31 January 2022 by Sean Gossel
Buhle Goslar Alumni Reunion Weekend
Emerging Market Business

For tech to change Africa’s fortunes, we have to understand our context

Buhle Goslar, an MBA graduate from the UCT GSB, shows how business can use technology to make headway in Africa and turn around the continent’s digital and human fortunes.

Read Article
Posted on 17 November 2021 by UCT GSB Press Office
CEMS Alumni Survey on climate change as biggest
Emerging Market Business

Environment emergency overtakes technological advancement as the most significant challenge to global business

CEMS alumni survey reveals that 43% of professionals now believe that the environmental emergency is the biggest challenge international business leaders will need to tackle in the 21st century, well ahead of technology (27%).

Read Article
Posted on 3 November 2021 by UCT GSB Press Office
Sharron McPherson Promises and Perils of Africa's
Emerging Market Business

The promises and perils of Africa's digital revolution

Exponential digital advancement across Africa, spurred on by the COVID-19 crisis, is indeed a game changer. But its impact – the good and the bad – requires a more nuanced and intelligent analysis if we really are to build back better.

Read Article
Posted on 15 September 2021 by Sharron McPherson
Cyber security: Professor Herman Singh
Emerging Market Business

Cyber security: a critical risk that’s only set to get worse

The Transnet cyber-attack should sound a warning bell to vulnerable State Owned Enterprises and private sector firms that have been slow to beef up their cyber security systems. The alarming rise in ransomware attacks means many are only one click away from disaster.

Read Article
Posted on 6 September 2021 by Herman Singh
Ralph Hamann
Emerging Market Business

Is the business community making environmental sustainability a priority in the wake of the pandemic?

National Environmental Awareness month is celebrated in June. We asked UCT GSB Prof Ralph Hamann to share his views on the role of business schools in addressing climate change, and whether COVID-19 has caused the business world to reprioritise environmental sustainability.

Read Article
Posted on 7 July 2021 by Ralph Hamann
Steven Kuo - Why AfCFTA
Emerging Market Business

Why AfCFTA will not put Africa at odds with China

While many worry the newly-launched African Continental Free Trade Area (AfCFTA) may harm Africa-China relations, more attention should be given to improving ease of doing business for local and Chinese businesses alike.

Read Article
Posted on 28 June 2021 by UCT GSB Press Office
Anton Eberhard - keeping SA in the dark
Emerging Market Business

Ministers are holding up energy reforms, keeping SA in the dark

A trillian rand needs to be invested in new power in South Africa over the next decade in order to restore energy security. Opening up the electricity sector to massive flows of private investment in generation capacity is now our only option, but key enabling reforms still have to be enacted.

Read Article
Posted on 27 May 2021 by Anton Eberhard
Nicholas Biekpe All eyes on DFIs as Africa
Emerging Market Business

All eyes on DFIs as Africa looks to economic recovery

DFIs can be the catalysts for a stronger and more inclusive continent, but they need to expand their remit to include a focus on SMEs as a key priority.

Read Article
Posted on 14 May 2021 by Nicholas Biekpe
society and economy - MEDIA
Emerging Market Business

SA is running out of time to fix its society and economy

Freedom Day celebrations ring hollow when the vast majority of black people in this country remain economically and socially marginalised. To unlock our future, we must invest in our people — and fast — to build a new culture of innovation, proactiveness, and risk-taking.

Read Article
Posted on 29 April 2021 by UCT GSB Press Office
democracy in SA - MEDIA
Emerging Market Business

Is support for democracy in SA waning?

On 27 April each year South Africans celebrate Freedom Day in commemoration of the first democratic elections in 1994. We asked UCT GSB Professor Thomas Koelble to give us his thoughts on whether support for democracy in the country is waning, and how this system is being affected by globalisation.

Read Article
Posted on 27 April 2021 by Thomas Koelble
KURTAPRIL2021- MEDIA
Emerging Market Business

Social justice in South Africa is as much business’ crisis as it is government’s

Busisiwe Mavuso (CEO at Business Leadership SA) was the speaker at the quarterly Allan Gray Speaker Series event, hosted virtually by the UCT GSB in March. We asked Professor Kurt April, who led the discussion, to share some of the key takeouts.

Read Article
Posted on 29 March 2021 by UCT GSB Press Office
MEDIA - 345X345
Emerging Market Business

Vaccine roll-out woes put spotlight back on Africa’s power crisis

As African countries scramble to acquire and roll-out vaccines across the continent, the urgent need for reliable energy supply is once again in the spotlight.

Read Article
Posted on 18 March 2021 by Wikus Kruger
Health Kathusa  - media
Emerging Market Business

COVID-19 vaccination is the social justice challenge of our time

The first COVID-19 vaccines have arrived in South Africa amid much fanfare — drowning out the voices of those asking why we are paying double for them in the first place and why they are unlikely to help those who need them most.

Read Article
Posted on 4 February 2021 by Katusha De Villiers
SA film industry - media
Emerging Market Business

UCT GSB teaching case study on SA film industry wins top international award

Researchers from the UCT Graduate School of Business (GSB) have taken top honours in a prestigious international case writing competition, for their teaching case on the challenges of financing digital entertainment.

Read Article
Posted on 26 June 2020 by UCT GSB Press Office
IE_Media_gumede
Emerging Market Business

New coal and nuclear power proposals undermine prospects of a post-Covid-19 economic recovery

The Department of Mineral Resources and Energy’s attachment to ‘clean coal’ and new nuclear as immediate options for a post-Covid-19 economic recovery would be comical if they were not financially ruinous. Their fixation on these non-competitive, non-commercial technologies is now wasting scarce public resources.

Read Article
Posted on 17 June 2020 by Anton Eberhard
mundia mundia - media
Emerging Market Business

The role of development finance in rebuilding South Africa’s economy post-COVID-19

The global COVID-19 pandemic has set back developing countries especially, but it also offers an opportunity to rethink their development path.

Read Article
Posted on 15 June 2020 by Mundia Kabinga
Africa needs to embrace digitisation​ - media
Emerging Market Business

It's the 80s rewind - but with internet

South Africa needs to seize the opportunities for digitisation which have emerged as a result of the COVID-19 crisis, in order to thrive in the new global economy.

Read Article
Posted on 18 May 2020 by Herman Singh
Cape Talk logo - Media
Emerging Market Business

Q&A with Siwe Kuse about the Open Africa Power programme

Siwe Kuse, a researcher at the Power Futures Lab spoke with Cape Talk's Kieno Kammies about being a fellow on the Open Africa Power (OAP) Programme, an education initiative co-hosted hosted by the UCT GSB in partnership with Enel Foundation and the Nelson Mandela Foundation.

Read Article
Posted on 17 February 2020 by UCT GSB Press Office
Press Office
Emerging Market Business

Enel Foundation and UCT GSB host energy training in SA in celebration of Nelson Mandela

Enel Foundation, together with the UCT GSB as host, has inaugurated the third edition of Open Africa Power (OAP), aimed at empowering a new generation of leaders to drive Africa’s clean energy transition.

Read Article
Posted on 10 February 2020 by UCT GSB Press Office
time is running up - media
Emerging Market Business

Time is running out if we want to fix SA’s power crisis

Eskom’s new CEO Andre de Ruyter says it will take time to solve the South Africa energy situation. But as a new CSIR report chillingly points out - time is not on our side.

Read Article
Posted on 5 January 2020 by Wikus Kruger
Can the Coming Digital Tsunami Media
Emerging Market Business

Can the coming digital tsunami carry Africa to higher ground?

There is growing evidence that digitalisation could create new opportunities particularly for innovative entrepreneurs, and bring more inclusive growth through real job creation if the right choices are made.

Read Article
Posted on 18 July 2019 by Mignon Reyneke
Improving healthcare in MEDIA
Emerging Market Business

Improving healthcare in remote areas of Africa requires radical collaboration

While there are many innovative healthcare initiatives working to improve healthcare in rural Africa, the reality is that no one organisation can go it alone. Radical collaboration between organisations and with governments is needed to overhaul the system.

Read Article
Posted on 9 July 2019 by Katusha De Villiers
Three winning ways to tackle MEDIA
Emerging Market Business

Three winning ways to tackle youth unemployment through development finance

Development finance is an underutilised tool that can be directed towards tackling South Africa’s unacceptably high youth unemployment beyond the remit of mainstream finance.

Read Article
Posted on 1 June 2019 by Xolisa Dhlamini
4 March 2019 - Back to blackous energy pr
Emerging Market Business

Back to blackouts: SA's energy problems just the tip of the iceberg

Public-Private Partnerships, access to financing and targeted skills development will be crucial in addressing Africa’s chronic power shortage.

Read Article
Posted on 4 March 2019 by Wikus Kruger
DEVELOPMENT FINANCE INSTITUTIONS - MEDIA
Emerging Market Business

Development Finance Institutions (DFIs) can lead SA’s economic recovery

While government has identified DFIs as a key partner in delivering an economic turnaround — these institutions lack capacity and resources to do their jobs effectively. Fixing this will be a necessity.

Read Article
Posted on 4 November 2018 by Nicholas Biekpe