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In the 2023 national budget speech, Finance Minister Enoch Gondongwana unveiled draft tax relief initiatives aimed at promoting renewable energy adoption among households and alleviating the burden on the struggling national power grid.
I would say in large that is the following. we retain the right to buy what we want, when we want in the quantity we want at the price that is the cheapest possible. and somebody else should take care of investing in the factories and making this possible. and i think this implicit pact was a great pact looking at backwards, but also it went a little bit too far. now we discovered maybe it's a little bit pathological that we don't have a little bit more balanced supply, for example, pv panels. it is not rocket science. so we invest now in a factory. in the quantity we want at the price that is...
But it's nothing. so i think some rebalancing. i'm not saying complete, say, self—reliance. this is crazy. but some rebalancing needs to be happening because it is healthy, and i think this russian example was maybe extreme, but lessons should be learned from that. the same would apply to the us and the us is more or less in the same situation, as far as pv panels are concerned. and let me end on this. francesco, what is what's the future of europe's energy mix? where is it going to come from? i think it's going to be extremely decarbonised, going forward, and it is going to be nuclear and r...
So i think some rebalancing. i'm not saying complete say self—reliance. this is crazy. but some rebalancing needs to be happening because it is healthy. and i think this russian example was maybe extreme, but lessons should be learned from that. the same would apply to the us and the us is more or less in the same situation. as far as pv panels are concerned and let me end on this. francesco, what is what's the future of europe's energy mix? where is it going to come from? i think it's going to be extremely decarbonised going forward and it is going to be nuclear and renewables most of the t...
We retain the right to buy what we want, when we want in the quantity we want at the price that is the cheapest possible. and somebody else should take care of investing in the factories and making this possible. and i think this implicit pact was a great pact looking at backwards, but also it went a little bit too far. now we discovered maybe it's a little bit pathological that we don't have a little bit more balanced supply, for example, pv panels. it is not rocket science. so we invest now in a factory. we have a 200 megawatt year production factory since 12 years now we have developed a ne...