‘SA needs reliable power supply to attract investors’

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Emissions rise from the cooling towers of the Eskom-operated Matla Power Station in Kriel, Mpumalanga. Cosatu has proposed that the PIC debt to Eskom be converted to equity for the benefit of public servants. Picture: Waldo Swiegers / Bloomberg / Getty Images
Emissions rise from the cooling towers of the Eskom-operated Matla Power Station in Kriel, Mpumalanga. Cosatu has proposed that the PIC debt to Eskom be converted to equity for the benefit of public servants. Picture: Waldo Swiegers / Bloomberg / Getty Images

Reliable and affordable electricity supply are the most important factors in trying to attract a part of the estimated $10 000 billion (R10 trillion) in investment capital for alternative energy sources to South Africa.

This is one of the challenges that government and the business community would have to tackle together, according to Business for SA (B4SA).

This group, established to help government fight the Covid-19 coronavirus pandemic, said that most of the sovereign wealth funds, alternative asset managers and development financiers who hold this capital would only consider investing in South Africa if the country was more attractive to investors.

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