South Africa - Support to the creation of a jet funding platform to promote inclusion, transparency and enterprise (AFDB-P-ZA-I00-013)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • South Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 4, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of South Africa - Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.70 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jan 7, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Accelerating Coal Transition (ACT) program is part of a broader effort to mobilize financial resources for the transition, with support from international partners and development finance institutions and the plan is crucial for South Africa's efforts to reduce greenhouse gas emissions and transition to a more sustainable energy system. The plan aims to support a comprehensive transition from coal to cleaner energy sources, addressing economic, social, and environmental aspects and it emphasizes protecting workers and communities dependent on coal, ensuring that the transition is equitable and inclusive. The Bank intervention will help the Government to fast track the implementation of the Just Energy Transition (JET) Investment and ensure that the flow of funds is open, transparent and inclusive. This will contribute to skills and entrepreneurship development, job creation, economic transformation and inclusive and green growth. The project will benefit the entire population of South Africa, particularly youth and women who are more impacted by poverty and unemployment. The project will have three components inspired by the objectives : (i) : Project Preparation Support Services and JET Pipeline Development; (ii) Advocacy, outreach, and Stakeholder Engagement; (iii) Project Management.

According to the Bank’s website, the project’s objective is to increase transparency and inclusion in the flow of JET grant funding and support to grant beneficiaries. The project seeks to accompany the government’s efforts and to complement the Bank’s own interventions in assisting the country to achieve a just energy transition. The grant targets specifically the area of transparency and inclusion in JET funding and allocation of this funding to impactful JET Projects. In the first instance, the grant will look to provide requisite project preparation technical support to the JET project applicants. The project would also support the stakeholder engagement and communication activities to ensure that information on JET funding is disseminated to all citizens especially in the provinces most impacted by the transition (mainly in the province of Mpumalanga) and reaches the poorest and most vulnerable especially women and jobless youth.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

The project was categorized and validated as a Category 3 on the 18th of February 2025. The justification for this category is that the technical assistance is not designated as "listed activities" under the National Environmental Management Act No. 107 of 1998. and, as such, does not require environmental authorization before any commencement.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Finance Type: Standard grant
Commitments (UA): 450,000
Government Counterpart (UA): 77,625
Total Cost (UA): 527,625
Conversion Rate USD (2025-06-04): 1,32923


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Bibi Nawsheen ELAHEEBOCUS
Email: n.elaheebocus@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

How it works

How it works