South Africa has correctly identified the lack of investment as a serious constraint to economic growth and job creation. President Cyril Ramaphosa has moved to address the problem by reaching out to domestic and foreign investors both informally and through the inaugural Investment Conference, which took place in Johannesburg in October 2018. Without question, affordable and reliable electricity is a prerequisite for many investors, particularly in areas such as mining and mineral processing where South Africa has a relative advantage, owing to its natural resources as well as its well-developed capabilities in extracting, processing and exporting the mineral products. Likewise, the country’s reindustrialisation aspirations, as well as its plans to expand the agricultural and agro-processing sectors could well turn not only on security of electricity supply, but also on the pricing of that energy.