Leveraging Monetary Policy to Support the Transitional Needs of South African Workers

The document assesses the limitations of the Just Energy Transition Partnership (JETP) in South Africa, noting that its focus on infrastructure may sideline workers. It proposes reallocating bank lending and retirement funds to unlock billions for onshore developmental projects and recommends implementing a Green Financial Taxonomy and targeted credit allocation to support a worker-centred transition.

• The Just Energy Transition Partnership (JETP), valued at $8.5 billion, focuses heavily on electricity infrastructure, which the author argues risks neglecting the needs of workers and broader economic diversification.
• Significant capital could be mobilised for the transition through financial reforms: reallocating 10% of bank lending could provide approximately R52.41 billion, and reducing offshore investment limits in the retirement industry could unlock an estimated R600 billion for onshore projects.
• The brief recommends three specific policy interventions: expanding the South African Green Finance Taxonomy to include mandatory worker transition plans, introducing targeted refinancing lines and green capital requirements for lending, and mandating corporate transition plans for workforce training.

APA

iej_admin (2025). Leveraging Monetary Policy to Support the Transitional Needs of South African Workers. Institute for Economic Justice. https://iej.org.za/resource/policy-brief/leveraging-monetary-policy-to-support-the-transitional-needs-of-south-african-workers/

Chicago

iej_admin. Leveraging Monetary Policy to Support the Transitional Needs of South African Workers. Institute for Economic Justice, 2025. https://iej.org.za/resource/policy-brief/leveraging-monetary-policy-to-support-the-transitional-needs-of-south-african-workers/.

Wikipedia

{{cite report |last1=iej_admin |title=Leveraging Monetary Policy to Support the Transitional Needs of South African Workers |publisher=Institute for Economic Justice |date=28 February 2025 |url=https://iej.org.za/resource/policy-brief/leveraging-monetary-policy-to-support-the-transitional-needs-of-south-african-workers/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{iejadmin2025leveraging, author = {iej\_admin}, title = {{Leveraging Monetary Policy to Support the Transitional Needs of South African Workers}}, institution = {Institute for Economic Justice}, year = {2025}, month = feb, url = {https://iej.org.za/resource/policy-brief/leveraging-monetary-policy-to-support-the-transitional-needs-of-south-african-workers/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }