Socio-economic footprint of the energy transition SOUTH AFRICA

Over the last ten years, the Republic of South Africa's economy has experienced a growth rate of approximately 1% annually. The country is still faced with the lingering effects of apartheid and an uneven socio-economic transition, resulting in it being the most unequal nation globally according to the Gini coefficient (World Bank, n.d.). The unemployment rate reached 34.9% at the end of September 2021. As a result, poverty rates have risen to levels not seen for more than a decade, reversing years of progress.