Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year
The Perfect Holiday Gift Gift Now

BE A 'BRIGHT SPARK' WHEN USING ELECTRICITY

Personal Finance

|

January 2023

Saving energy helps relieve the strain on the planet … and your wallet

- DEFY SOUTH AFRICA

BE A 'BRIGHT SPARK' WHEN USING ELECTRICITY

WHILE ENERGY costs become evermore expensive, as evidenced by the year-on-year electricity price increases that have been shouldered by the South African public, various campaigns continue to raise awareness around climate change and the need for greater energyefficiency in the country.

Saving energy is both a short- and longterm imperative for South Africans—the former serving as a way to relieve financial pressure, and the latter serving as a means by which to contribute to the global 2030 target of net-zero.

Accordingly, solving the energy crisis in South Africa is as much about the ‘bigger picture’ as it is about the microeconomics of our country.

The need for energy-efficiency has never been more urgent, and is something that all South Africans can work towards in their individual capacities by becoming more conscious of the energy consumption of their everyday appliances—which include fridges, geysers, televisions, and washing machines.

According to a 2021 University of Cape Town study, the residential sector (which consumes a fifth of the world's energy) stands to benefit from the national move towards energy-efficiency, as stipulated in the government's post-2015 National Energy Efficiency Strategy. This Strategy aims for a 20% improvement in the average energy performance of the residential sector by 2030, relative to the 2015 baseline.

The goal of becoming a more energyefficient country can be reached in two significant ways: 

    MORE STORIES FROM Personal Finance

    Personal Finance

    Personal Finance

    South Africa's crypto conundrum

    Why modernising collective investment schemes is critical for retail investors

    time to read

    3 mins

    December 2025

    Personal Finance

    Personal Finance

    Neglecting systems maintenance is false economy

    Why waiting for IT to break is breaking your business

    time to read

    2 mins

    December 2025

    Personal Finance

    Short-term lets for long-term gains

    EVERY DECEMBER, South Africa’s coastal property markets come alive as holidaymakers search for short-term letting in key locations-Cape Town, the KZN North Coast, and the Garden Route among them.

    time to read

    3 mins

    December 2025

    Personal Finance

    Personal Finance

    Growth anticipated as SA exits the Grey List

    Could coming off the 'Grey List' light the commercial property fuse?

    time to read

    2 mins

    December 2025

    Personal Finance

    Personal Finance

    Choosing the right medical cover for 2026

    A balancing act between affordability and protection

    time to read

    3 mins

    December 2025

    Personal Finance

    Personal Finance

    Don't become a December house-breaking statistic

    Rising crime and insurance claims highlight the importance of safeguarding assets before the festive season

    time to read

    2 mins

    December 2025

    Personal Finance

    Personal Finance

    Retirement planning in a digital age

    AS SOUTH Africa becomes increasingly digitised, the way we communicate and plan for the future has fundamentally shifted.

    time to read

    2 mins

    December 2025

    Personal Finance

    Personal Finance

    Is trading for YOU?

    A quick test will show you where you currently stand

    time to read

    2 mins

    December 2025

    Personal Finance

    Personal Finance

    Is the AI bubble about to burst?

    What to watch for as the markets wobble

    time to read

    2 mins

    December 2025

    Personal Finance

    Understanding key stock exchange terms

    INVESTING ON the stock exchange can appear intimidating to newcomers—largely because it comes with its own vocabulary.

    time to read

    4 mins

    December 2025

    Translate

    Share

    -
    +

    Change font size

    Holiday offer front
    Holiday offer back