There is a step in every wheeling project that gets treated as paperwork and is, in fact, a gate. Before Eskom will process a grid connection application for a wheeling arrangement, the generator must be registered with NERSA. No registration, no application. It is that simple, and it is routinely left too late. This matters […]
Eskom Will Not Consider Your Application Without This Read More »
In South Africa, energy deals don’t get delayed because everyone disagrees on the vision. They get delayed because the fundamentals that lenders and boards care about aren’t pinned down early enough. Here are the six bankability basics we push to the front of the process – because they save months later. 1) Land and rights:
Private equity and venture capital transactions in South Africa move through a predictable sequence: investment thesis, preliminary commercial assessment, indicative terms, and then due diligence. It is in due diligence that deals most often stall, reprice, or collapse – and the findings that cause this are, with notable regularity, things that were knowable before the
The Legal Due Diligence Findings That Derail South African PE and VC Deals Most Often Read More »
Most South African energy deals start with urgency and alignment. Then somewhere between month four and month six, the same disputes surface: “That wasn’t our understanding of how curtailment would be treated.” “Your invoice doesn’t reconcile to our metering data.” “We didn’t agree that network losses would be allocated this way.” “We thought approvals were
The Energy Deal Truth Sheet: One Page That Prevents Six Months of Arguments Read More »
South African municipalities are under growing pressure to diversify their electricity supply. The policy conversation has shifted. The regulatory framework is opening up. Third-party generation, licensed traders and wheeling arrangements are increasingly part of the plan. But for energy players working in or around this space – IPPs, traders, development finance institutions, infrastructure consultancies and
Municipal Electricity Procurement: Why the Real Barriers Are Structural Read More »
South African deals don’t become difficult because valuations are ambitious or because the parties can’t agree on price. They become difficult because the transaction runs into execution realities that were visible from the start but never properly resolved – and by the time they surface formally, the investor has leverage they didn’t have at signing
The SA Deal Reality Check: What Separates Transactions That Close From Those That Don’t Read More »
South Africa’s energy pipeline is not short of ambition, capital, or need. What it is short of is projects that make it from heads of terms to financial close without losing six to eighteen months to problems that were visible – and unresolved – from the start. The issues that break deals in this market
Where SA Energy Deals Actually Break Down, And Why the Obvious Fixes Don’t Work Read More »
Investors doing regular deals in South Africa and across the region know the pattern: once the acquisition closes, the legal workload doesn’t reduce — it multiplies. And unlike the transaction legal work, which is scoped, budgeted, and managed, the post-close portfolio legal work tends to be reactive, unstructured, and expensive in ways that are difficult
The Portfolio Legal Pack: How Funds Reduce Legal Firefighting Across Portfolio Companies Read More »
Most South African energy deals don’t collapse because the power isn’t needed. They stall because three practical workstreams are treated as afterthoughts: land, grid lines, and licences and approvals. When those are vague, everyone ends up negotiating in the dark – and by the time reality catches up, timelines, budgets, and sometimes the deal itself
The Land + Lines + Licences Trap: Why SA Energy Deals Stall, and How to Keep Them Moving Read More »
Investors who do regular deals know something that first-time buyers learn the hard way: the legal work doesn’t stop at signing – it often starts there. But the legal complexity in a well-run fund operates at two levels that require different thinking. There’s the fund level – formation, LP relationships, carry structures, regulatory compliance, and
The Portfolio Legal Work Nobody Plans For – and How Smart Funds Make It Repeatable Read More »
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Caveat's ai attorney,
Ask our AI a question about this topic, and one of our specialist lawyers will review the response and email you within 24 hours, free of charge.
KAI is free for Caveat friends and clients. To use KAI, complete the form below and look out for the AI’s answer, reviewed by a specialist lawyer, in your inbox. For the most accurate and helpful response, be as specific and detailed as possible. Provide all relevant facts and clearly state what you’d like answered.
Disclaimer: Kai is provided by Caveat in a bona fide attempt to make legal services more accessible to you. Caveat will not be liable for any damage, loss or expense arising from the use of this offering.
Feedback Welcome: Your experience matters to us. Please share feedback on this offering at info@caveatlegal.com to help us improve its efficacy.
