South Africa pitches $84bn plan to shift from coal to clean energy – Nov 2022
President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision.
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Medupi Impacts Case Study: the impacts of multi-million USD funding from the BRICS Bank and other int. financiers
Johannesburg, 23 August 2023 — Today, on the sixteenth anniversary since the construction of the Medupi Coal Power Station commenced, the Fair Finance Coalition of Southern Africa (FFCSA) releases an evoking collection of unseen and unfiltered images, offering a candid glimpse into the lives of communities in the town of Lephalale, who have endured the…
FFCSA submits responses to UN call for input on DFIs and Human Rights.
Purpose: Report to be presented to the Human Rights Council in June 2023Background In its stocktaking exercise of the implementation of the UNGPs over the first decade since their adoption, the Working Group recognized that ‘financial actors have an unparalleled ability to influence companies and scale up on the implementation of the Guiding Principles1. With…
Why climate action needs climate finance – Nov 2022
The Just Energy Transition Partnership (JETP) was one of the major announcements that emerged from COP26. This is a partnership between France, Germany, United Kingdom, United States and the European Union with South Africa. It is a multi-billion dollar venture that aims to facilitate a just energy transition. Overall it forms part of the broader…
Fair Finance Coalition raise concerns about just energy transition
Monday 27 February 2023 – 4:00pm JOHANNESBURG – The Fair Finance Coalition of SA says communities bear the brunt of power cuts and should be more involved in the country’s electricity planning processes. READ: SA’s Electricity Crisis | Power cuts cause business instability The coalition also says Andre de Ruyter’s corruption claims have caused uncertainty around…
Fair Finance Southern Africa launches to improve transparency and accountability at Development Finance Institutions – Nov 2022
Ahead of South Africa’s Budget Speech a coalition of civil society organisations launched Fair Finance Southern Africa seeking to strengthen the commitments of Development Finance Institutions to human rights standards and addressing the climate crisis. The launch saw coalition members discussing the role of institutions like the Development Bank of Southern Africa, and fair financing…