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Regulatory economics and accounting

All projects

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    Development of a tariff framework for the Department of Home Affairs

    The Department of Home Affairs commissioned Genesis Analytics to develop a revenue tariff methodology, including suggested steps, rules and a costing model.

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    Cloud-based solutions could reduce banking costs in Africa

    Genesis Analytics and Orange Business Services (OBS), with the support of the Bill and Melinda Gates Foundation, published a research report on Cloud Banking in Africa: The Regulatory Opportunity, which explores the potential for cloud computing to reduce the cost of technology for banks.

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    Impact assessment of price on Eskom electricity consumption

    The National Energy Regulator of South Africa (NERSA) appointed Genesis to assess and understand the economic impact of Eskom’s MYPD4 Application, and assess the price elasticity of demand for electricity for the utility's direct and municipal customers.

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    Genesis sizes up the lighting industry in South Africa

    Genesis was comissioned by a manufacturer and retailer of homeware products to size the residential lighting market in South Africa. As no reliable estimates existed for the size of this market, Genesis used various market sizing techniques to establish an accurate estimate for the client.

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    Going off the grid with Small-Scale Embedded Generation

    Genesis Analytics was commissioned by the German Development Cooperation (GiZ) to undertake a market impact assessment for Small-Scale Embedded Generation (SSEG), including the development of a state of play assessment and a range of policy options for government.

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    Assessing economics of R5.5b pelagic fishery as rights expire

    Africa’s largest fishing company approached Genesis to produce an independent economic report on the underlying economics of the pelagic industry to provide a sound basis for meaningful engagement between the industry and Department of Environment, Forestry and Fisheries, and ultimately assist informed decision making with respect to the fishing rights allocation process.

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    Valuation of major airline’s intangible assets

    A major African airline appointed Genesis Analytics to perform a valuation of its intangible assets. These assets do not appear on the airline’s reported balance sheet because they were developed internally over many years of operations

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    Genesis advises Indian airline in battle for air traffic rights allocation

    Go Air approached Genesis to provide an independent economic report on the appropriate allocation of air traffic rights in its challenge of the methodology and process of the allocation of these rights in India.

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    Enhancing investment for domestic foundry and mill markets

    The Economic Development Department (EDD) contracting Genesis to undertake an economic assessment of whether an export tax on scrap metal will improve the availability of quality scrap metal at affordable prices for foundries and mills in the domestic market.

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    First comprehensive mapping of South African fintechs for national treasury

    To enable the growth of the fintech sector while minimising risk and protecting consumers, the National Treasury, in partnership with The World Bank Group, commissioned Genesis to conduct the first full market diagnostic and sizing of the local fintech sector.

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    Genesis drafts report for government fintech working group

    Genesis drafted the post-workshop report of the second workshop of the IFWG (Intergovernmental Fintech Working Group), which is made up of the representatives from the South African Reserve Bank, Financial Sector Conduct Authority, National Treasury, Financial Intelligence Centre and the South African Revenue Service.

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    Study counts value of deep-sea hake prior to 2020 rights allocation

    Genesis Analytics quantified, for the first time, the socio-economic contribution of the R6,7-billion deep-sea hake trawl fishery. The SA Deep-Sea Trawling Industry Association (Sadstia) commissioned the report ahead of the allocation of long-term rights for 12 commercial fisheries by the Department of Agriculture, Forestry and Fisheries in 2020.

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    Impact of small-scale power generation on municipal revenues

    Genesis used its sector expertise to develop a customisable spreadsheet-based model and guidelines to quantify the revenue impact of small-scale embedded generation (SSEG) on municipal revenues and assist municipalities in their design of sustainable SSEG tariffs.

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    Raising the drinking age to 21: Pros and cons

    The National Economic and Development Labour Council (Nedlac) commissioned Genesis Analytics to conduct an urgent independent study on the likely economic, health and social impacts of some of the amendments proposed in the Liquor Amendment Bill, 2017.

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    Balancing innovation with regulation to grow SA financial services

    Genesis partnered with the Centre of Excellence in Financial Services to understand which policy and regulatory approaches best suit the South African financial sector in managing the balancing act of preserving the country's sound financial system, while enabling fintech innovation that promotes improved access to finance and growth in the sector.

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    Genesis reviews SA's energy future through to 2050

    Genesis was commissioned by a civil society organisation to review and comment on the South African government’s long-term energy planning documents, which were published in late 2016. 

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    Genesis develops five-year plan to electrify rural Lesotho

    Genesis Analytics has developed a five-year plan to restructure Lesotho’s regulatory arrangements to extend electrification to rural areas in Lesotho.

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    Genesis measures impact of solar energy on municipalities

    Genesis was commissioned to develop a tool to assess the impact of small-scale renewable generation, primarily solar PV, on local municipalities in South Africa.

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    Genesis benchmarks Kenya's tariffs for price application

    Genesis was retained by an African energy company to compare the retail base electricity tariffs in Kenya to those of other selected countries in the context of a price application to the Energy Regulator.

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    Genesis advises Lesotho on rural electrification

    The Government of Lesotho has engaged Genesis Analytics in partnership with CRISIL – a global infrastructure advisory firm – to recommend changes to the institutional arrangements and functions of its Rural Electrification Unit to enable it to deliver on its mandate to increase rural electrification in Lesotho.

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    Icasa employs Genesis to sharpen SA telecoms competition

    Genesis Analytics has been retained by ICASA to assist with their Priority Market Study to identify telecommunications key markets that are not characterised by effective competition and may require regulatory intervention to ensure that the goals of the National Development Plan can be met.

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    'Open skies' assessment for Mozambique air travel

    Genesis was commissioned to assess the economic rationale for air travel deregulation in the Southern African region. 

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    Impact of Eskom restructuring on long-term tariffs

    Genesis was commissioned by Business Leadership South Africa (BLSA) and Trade and Industrial Policy Strategy (TIPS) to assess the impact on the electricity tariff path if Eskom were to undertake a restructuring of its assets.

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    Socio-economic impact of changes to Deeds Registries System

    Genesis conducted a socio-economic impact assessment of the feasibility of implementation of the Electronic Deeds Registration Bill for the Department of Rural Development and Land Reform.

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    Design of regulatory impact framework for NERSA

    The National Energy Regulator of South Africa (NERSA) asked Genesis to design a Regulatory Impact Assessment framework for use in evaluating the decisions made by the regulator.

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    Pricing models for liquid-fuel price regulation in Zimbabwe

    Genesis assisted the Zimbabwe Energy Regulatory Authority to develop pricing models for the regulation of liquid fuels in Zimbabwe. 

    The liquid fuels include petrol and blended petrol, diesel, aviation fuel, biofuel (ethanol) and LPG.

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    Regulation of medicine dispensing fee in pharmacies

    Genesis has worked extensively with the Pharmacy Stakeholders Forum of South Africa (PSF) in its protracted litigation with the Department of Health regarding price regulation of the dispensing fee for medicines sold through pharmacies.  The central question was whether the dispensing fees prescribed by the Department of Health were sufficient to provide a reasonable revenue stream to community pharmacies so as ensure the viability of the businesses.

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    Review of a self-regulatory financial market model in South Africa

    Genesis was commissioned by the National Treasury to conduct a technical review of the effectiveness of the SRO (self-regulatory organisation) model in South African financial markets in the context of the move toward a Twin Peaks regulatory framework.

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    Optimum interest rate regime for microlenders and moneylenders

    Genesis was appointed by the Namibia Financial Institutions Supervisory Authority (NAMFISA) to review options for an optimum interest rate regime for microlenders and moneylenders.

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    Financial evaluation of third National Lottery applicants

    The Ministry of Trade and Industry brought in Genesis to conduct an independent and substantive evidence-based assessment of the financial and business models of the competing applicants.

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    Facilitating LPG shipments to the Western Cape

    Genesis was retained by Avedia Energy, a firm involved in a wide range of LPG handling, trading and bottling activities, to assist in its contested application to the National Energy Regulator of South Africa (NERSA) for a licence to construct and operate an LPG storage facility in Saldanha in the Western Cape.

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    Critical analysis of Eskom’s multi-year price increases

    Eskom’s tariff increases as part of the MYPD (Multi-Year Tariff Determination) process has had a critical and far reaching impact on the South African economy. The Genesis team has played an important role in ensuring that these tariff increases are governed by sound regulatory principles, being deeply involved in critically assessing all the MYPD tariff applications of Eskom since 2009.

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    Challenge to ICASA by MTN and Vodacom

    Genesis was commissioned by ICASA to assist in defending its mobile termination rates decision of March 2014 following a legal challenge to the proposed glide path by Vodacom and MTN. The project team played a critical role in the proceedings by demonstrating that the initial drop in termination rates for the larger operators was still above their costs. This allowed the court to suspend the order overturning the regulations for six months while ICASA undertook a more thorough investigation process.

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    Financial model sets new mobile termination rates

    ‘Termination rates’ are the prices telecommunications operators pay each other to terminate calls originating on each other’s networks (for example, when an MTN customer calls a Vodacom customer, MTN pays a termination fee to Vodacom). For a variety of pro-competitive reasons, regulators around the world set these rates equal to the costs operators incur to provide termination services to each other.

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    Advice to NERSA on value of its asset base

    Genesis was commissioned to advise the National Energy Regulator of South Africa (NERSA) on the appropriate methodology to use in order to determine the value of its regulatory asset base.

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    Advice to NERSA on regulating tariffs

    Genesis was commissioned to advise the National Energy Regulator of South Africa (NERSA) on the best way to manage the differences in tariff methodologies being applied in its three regulatory divisions.


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    Electricity cost model for Nelson Mandela Bay

    Genesis was commissioned to assess the current electricity tariff structure and the impact of introducing a green tariff for renewable energy in the Nelson Mandela Bay Municipality in the Eastern Cape.

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    Genesis clears path for casino relocation to Pretoria

    SUN003: 
    Service Area: Regulation
    Genesis was retained by Sun International to provide expert advice on the relocation of Sun International’s casino licence to Menlyn Maine, which is located in Pretoria’s eastern suburbs. 

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    Genesis assists in court defense of telecom regulations

    Further to work Genesis had done in developing ICASA's 2014 termination rate regulations, the firm was commissioned to play a central role in defending those regulations against a subsequent High Court challenge.

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    Chevron objects to liquid-fuel import terminal

    Genesis was retained by Chevron SA to provide expert economic analysis and testimony to the National Energy Regulator of South Africa (NERSA) in terms of a licence application by Burgan Cape terminals to build a liquid fuel off-loading and storage facility in the port of Cape Town.

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    Review of gas master plan for SA government

    The DBSA retained Genesis Analytics was retained by the DBSA to advise the South African government on the Gas Utilisation Master Plan (GUMP). 

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    Objection to a fourth casino licence for Gaborone

    Genesis was commissioned by Sun International to provide an assessment of whether the issuing of a fourth casino licence in Gaborone would be likely to result in concrete pro-competitive benefits. 

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    Expert advice on setting doctor's tariffs

    Genesis was commissioned to provide expert economic advice and a report for the South African Private Practitioners’ Forum (SAPPF) in support of its response to a request for comments on the proposed guideline tariffs for medical practitioners and dentists made by the Health Professions Council of South Africa (HPCSA).

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