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Regulatory economics and accounting

All projects

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    Expert advice on NERSA’s review of maximum gas price methodology

    Genesis was retained by Sasol Gas to provide strategic and economic advice relating to regulated pricing methodology and its impact.

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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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    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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    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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    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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    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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    Assessing impact of changes to intellectual property regime

    Genesis was contracted by the to review the draft national policy on intellectual property and provide an independent assessment of the pros and cons of the Bill, and then to make recommendations for improvement.

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    Cost of capital in determining petroleum prices

    Genesis was commissioned by the Department of Energy to scrutinise the weighted average cost of capital (WACC) currently being used by the department when setting margins for four ring-fenced activities that are regulated through the price of petrol in South Africa. These include secondary storage, secondary distribution, wholesale and benchmark service station (retail).

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    Review of tariff application by ports authority

    Genesis was retained by the Ports Regulator of South Africa to conduct research and provide analysis in support of the regulator’s assessment of the tariff increase application for 2013/14 from the National Ports Authority.

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    Impact assessment of logistic fee on medicines

    Genesis was appointed to conduct a financial and economic impact assessment of a logistics fee proposed by Government, which would be applicable to wholesalers and distributors of medicines and related substances. 

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    Critical analysis of proposed National Road Traffic Act amendments

    Genesis was commissioned to provide economic advice to Johnson Crane Hire (JCH), a leading construction equipment hire company, as well as to Contractors Plant Hire Associates (CPHA). The mandate was to assess the likely impact of the Department of Transport's proposed amendments to mobile crane hire regulations in terms of the National Road Traffic Act (No. 93 of 1996).

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    Assessment of SA road freight strategy

    Genesis was commissioned by an industry association to provide a high-level assessment of the Department of Transport's proposed Road Freight Strategy for South Africa.

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    Expert analysis of carbon tax proposal for BUSA

    Genesis was appointed by Business Unity South Africa (BUSA) to provide expert analysis and input in a review of the National Treasury’s discussion document regarding the possible implementation of a carbon tax intended to internalise environmental costs and reduce emissions.

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    Expert opinion on bundled tariff proposal

    Genesis was commissioned to assist Sasol Oil in assessing and responding to the bundled tariff proposal made to the National Energy Regulator of South Africa (NERSA) by Transnet. The proposal represented a regulatory shift from disaggregated pipeline tariffs to a single, aggregated tariff across all pipelines and pipeline systems

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    Genesis tests sustainabilty of renewable energy prices

    Genesis was retained by a leading multinational power producer to assess the sustainability of proposed renewable energy prices, as well as their impact on the cost of electricity generation in South Africa.

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    Genesis counts cost of mooted carbon tax for industry

    Genesis was appointed to undertake an economic study to assess the impact of the National Treasury’s proposed carbon tax within the context of rapidly increasing energy costs and the anticipated additional costs of adapting to climate change. 

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    Genesis assesses govt's energy 2030 price predictions

    Genesis was requested by Business Unity South Africa to critically assess whether the price predictions generated in the Integrated Resource Plan for South Africa - 2010 to 2030 (IRP 2010 report) developed by the Department of Energy are likely a true reflection of the anticipated price increases over time.   

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    Expert report in support of expansion of broadcasting licence

    Genesis was commissioned to provide an expert economic submission on behalf of Algoa FM, which was in the process of applying to the Independent Communications Authority of South Africa (ICASA) for an expansion to the terms of its broadcasting licence.

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    Regulatory impact of changes to National Lottery Act

    Genesis was contracted by the Department of Trade and Industry to conduct a Regulatory Impact Assessment on the changes proposed in the South African National Lotteries Amendment Bill.

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    Advice on additional taxation on beer products

    Genesis was commissioned to assist a leading beer producer in responding effectively to the National Treasury's proposed increase in taxation on beer products, but not on other alcoholic beverages, such as wine.

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    Compliance advice on termination rates

    Genesis was commissioned to assist a mobile operator with complaints that had been lodged with the Complaints and Compliance Committee of ICASA.

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    Impact analysis of new healthcare insurance

    Genesis played a central role in the debate in modelling the fiscal implications of the proposed National Health Insurance (NHI) policy when it assisted one of the largest healthcare service providers in South Africa in calculating the likely spill over effects for the labour market 

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    Analysis of the future of TV broadcasting

    Genesis was commissioned to provide an analysis of the future of the television broadcasting industry in South Africa for a report commissioned by the National Association of Broadcasters in 2009. 

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    Impact of tariff regulation on private hospitals

    Genesis was appointed to assess the potential impact of a proposal by the Department of Health to regulate tariff negotiations between hospitals and medical schemes, as well as to permit the use of National Health Reference Price List (NHRPL) prices as a default in the event of no agreement being reached.

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    Expert advice on private hospital industry in SA

    Genesis was commissioned by HASA and SAMA to provide expert advice on the new National Health Reference Price List (NHRPL) and its implications for the sustainability of the healthcare sector.

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    Licensing support on Cell C for ICASA

    Genesis was commissioned to provide economic analysis and representations to the sector regulator regarding the licencing obligations of one of South Africa’s mobile operators, Cell C.

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    Expert advice on infrastructure regulatory framework

    In a key report for the Office of the Presidency, Genesis developed a framework for economic regulators in the communications, transport, energy and water sectors. The framework focused on finding coherence in the design of regulations across the different sectors as differing approaches had previously been adopted.

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    Expert evidence in merger of Gauteng radio stations

    Genesis was retained to file an expert report and testify in a landmark case involving a proposed acquisition in the communications and media sector. 

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    Review of telecoms policy for Presidency

    Genesis was retained by the Office of the Presidency to conduct the official 15-year review of telecommunications policy and its impact on government’s two central yet evolving objectives of securing cost-competitiveness and providing universal access.

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    Impact assessment of extending radio licence

    Genesis was commissioned to undertake an assessment of the impact of extending Algoa FM’s broadcasting area to the Southern Cape region. 

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    Impact analysis of a windfall tax on liquid fuels

    Genesis was commissioned to conduct foundational research for a large energy company in one of the most significant policy debates in recent years. This related to the possible implementation of a windfall tax on liquid fuels in South Africa.   

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    Benchmarking high price of SA telecommunications

    Genesis has undertaken a number of key studies for Business Leadership South Africa (BLSA), comparing the prices of South African telecommunications services against international benchmarks. 

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    Successful exemption for over-the-counter medicines

    Genesis was retained to provide an expert economic report for the Self-Medication Association of South Africa (SMASA), which formed the basis of its successful application for the exclusion of over-the-counter medicines from price regulation.

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    Telecoms market reviews for the SA regulator

    Genesis was commissioned by the South African communications regulator, ICASA, to work on a number of key regulatory initiatives.  In one such case, the firm was commissioned to develop a series of market reviews, a legal requirement needed to justify both existing and new pro-competitive regulations.  

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    Expert role in Icasa's interconnection public hearings

    Genesis was commissioned to provide expert economic assistance to ICASA in the 2007 public hearings on wholesale interconnection, local access and various other services. 

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    Assisting Treasury in cross-country telecoms study

    Genesis was commissioned to assist the National Treasury in collating a wide range of data and information on the telecommunications sector in order to inform a World Bank cross-country study.  

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    Economic impact of restricted air access on Southern Africa

    ComMark Trust commissioned Genesis to assess the extent of the restrictions on the air travel market in Southern Africa and, for the first time, to precisely quantify the economic costs and consequences of these restrictions for the region's economies.

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