Krutham

01/06/2026

At Enlit Africa 2026, Krutham’s research manager for infrastructure and the just energy transition, Matthew le Cordeur, moderated a panel discussion on securing capital across the full energy value chain.

The discussion brought together Robbie Louw, director of Promethium Carbon; Dipak Patel, senior advisor: climate finance and innovation at the Presidential Climate Commission; Florent Eveille, project manager at GIZ; Brian Tahinduka, head: energy sector, Africa regions at Standard Bank; and Rajen Naidoo, general manager: finance at Eskom.

The panel examined financing requirements across generation, transmission and distribution. It also explored the role of results-based finance and carbon markets in supporting infrastructure investment and grid expansion.

As Africa's energy sector continues to evolve, access to capital remains one of the central questions shaping project delivery, infrastructure development and long-term energy sector development.

These are some of the same financing and infrastructure challenges that Krutham engages with clients on across energy, infrastructure and the just energy transition.

Connect with Matthew le Cordeur to discuss Krutham’s work on infrastructure finance, electricity reform and the just energy transition.

28/05/2026

If capital is leaving, the question worth asking is not how to trap it here, but why it isn't finding a home, writes Stuart Theobald in this week’s Business Day column. Read more at www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, and it is the one most

28/05/2026

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, writes Stuart Theobald in this week’s Business Day column. Read more at www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, and it is the one most

28/05/2026

South Africa needs to give capital better reasons to stay. As Krutham chairman Stuart Theobald writes in this week’s Business Day column, the debate over whether to reverse the 2022 increase in the institutional offshore investment limit from 30% to 45% misses the bigger issue: South Africa needs a stronger pipeline of profitable businesses and bankable projects in infrastructure, energy and logistics.

For the full article, visit www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

28/05/2026

A more damning signal to foreign investors than South African capital going offshore is South African capital being forced to stay home despite the alternatives, writes Stuart Theobald in this week’s Business Day column. Read more at www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, and it is the one most

28/05/2026

A pension fund with a 45% offshore allowance that cannot find sufficient domestic opportunities at acceptable risk-adjusted returns is not being liberated by that allowance – it is being relieved of the fiction that a lower limit was doing useful work, writes Stuart Theobald in this week’s Business Day column. Read more at www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, and it is the one most

28/05/2026

Scapegoating one policy decision obscures the reality that South Africa's investment challenges predate and dwarf the institutional limit amendment, writes Stuart Theobald in this week’s Business Day column. Read more at www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, and it is the one most

28/05/2026

Scapegoating one policy decision obscures the reality that South Africa's investment challenges predate and dwarf the institutional limit amendment, writes Stuart Theobald in this week’s Business Day column. Read more at www.krutham.com/insights/stuart-theobald-sas-investment-challenge-is-about-opportunity-not-capital/.

South Africa has a shortage of places worth investing in, not a problem of available investment capital. That distinction matters, and it is the one most

27/05/2026

Initiated by the Presidency as part of the Presidential Youth Employment Intervention, the Jobs Boost Outcomes Fund uses a R300m pay-for-performance model to support placing young people into sustainable, quality jobs.

Its first phase has already supported more than 5,000 young people gain employment opportunities connected to real labour market demand.

In the state of the nation address, President Cyril Ramaphosa said government would transform the National Skills Fund into a more agile, outcomes-driven instrument, building on successful initiatives such as Jobs Boost.

Dr Mimmy Gondwe, deputy minister of higher education and training, explains why outcomes-based financing is gaining momentum in South Africa’s youth employment and skills development system.

Read the full article here: https://www.businessday.co.za/opinion/2026-05-26-mimmy-gondwe-from-funding-activity-to-funding-impact/

Learn more about Jobs Boost: https://jobsboost.org.za

21/05/2026

Following this week’s Enlit Africa discussions on infrastructure reform, electricity market development and investment conditions, Krutham has released a new paper by managing director Peter Attard Montalto: It’s time to have a serious conversation about SOEs.

The paper examines the structural and financial questions emerging around Eskom and Transnet, including unbundling, network access, creditor dynamics, restructuring and the future role of SOEs within South Africa’s electricity and logistics sectors.

Read the full paper here: https://www.krutham.com/insights/thought-leadership/its-time-to-have-a-serious-conversation-about-soes/