His recent statements raised the possibility of extending the life of South Africa’s ageing coal-fired electrical power plants, which goes against the commitments implied by the JET partnership announced at COP27, to help South Africa transition away from its reliance on coal to a low-carbon economy over the medium term.Ramokgopa stated he would present his proposals for adjusting the targets of the plan to cabinet within the coming weeks.
“Government’s mismanagement of the economy over the years made it harder to do business in the country and touting the successes of past conferences or making more promises does not address the reality that South Africa has for too long moved in the wrong direction. “Investment is not a good in and of itself. It is good for what it creates, including economic activity and to enable citizens to live better lives.”“Put simply, the more roads, ports, railways, factories, energy facilities and other economic infrastructure, the more the economy can produce, generating taxable earnings that can make the country better off. While the investment conference’s R1.
However, she says it is still good as the many new electricity plants now being built will resolve load shedding within the next few years and set the scene for renewed business confidence that will hopefully allow for investment that achieves what we really want, namely economic growth.
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