Despite its energy challenges, SA still has a lot to offer investors, said US Treasury Secretary Janet Yellen.Investments will play a critical role in creating clean power and quality jobs.US Treasury Secretary Janet Yellen has described load shedding as a"considerable challenge" for doing business in South Africa, but said there are still solid fundamentals which are supportive of investment.
Yellen, who has had first-hand experience of load shedding during her trip to South Africa this week, spoke to media following a tour of the Nkangala TVET college - a US-funded job training facility in Emalahleni that is providing skills to local women to prepare them to work in the renewable energy sector.
"The investments that our governments and the private sector are making in renewable energy will play a critical role in creating good paying jobs and reliable sources of clean energy that will power South Africa's economic growth," she said. Having met with President Cyril Ramaphosa and Mineral Resources and Energy Minister Gwede Mantashe during her SA visit, Yellen said the US is trying to support SA's plans, which it has devised itself and involve a gradual transition and a recognition that affected communities need to be supported.
_Business The politically correct way of saying 'you're fcuked but there's hope for you if you get rid of the incompetent ANC next year. Then we might reconsider changing your status from shithole to hole'...
_Business Loadshedding is transitory, like the inflation in the US.
_Business Coming from a gov representative that 'cajouled' the ANC-led gov into the Washington Consensus based IMF-WORLD Bank's conditional loans' debt-trap,her African safari was to win the continent away from Russia's growing influence as displayed by its(Africa) anti-Russia stance at UN
_Business “Solid Fundamentals”😳😳😳On what planet does this woman live🤮🤮🤮
_Business 'Considerable Challenge'..that's sugar coating it...in out TAAL...it's a COLLOSAL FCKUP
_Business You might be shocked that she is one of the people behind load shedding , is actually her plan, she is here for monitoring implimentation.
_Business the media is afrikaans owned and afrikaners are like the people of oranja , want to live a separate and cut off from world news life. Darkies want too much wage with too much info to their taste maybe in the bottom of the mind. Dutch hardliners are no joke.
_Business Lol … like what? Bribery? Corruption? Theft? Racist government? Incompetent president? Anyone who believes that South Africa will ever prosper under the ANC needs psychiatric meds! This country cannot and will never recover under the vile ANC VoetsekANC
_Business this a miss al capone this one.
_Business her and gensler from the security and exchange commission of USA is making life hell for folk trying to hedge out of their austerity measures and 3rd world applied medical and inflation ways. Insider trading is normal authority there even conflicted with the recent FTX scam.
_Business you dont want to be dealing with one who were born so close to full scale KKK times in America. Liberal or not the value of human life was learnt from the A team at best.
_Business What fundamentals is she referring to
_Business I hypothesize that the 'solid fundamentals' are politicians that can be bought for cheap.
_Business Like?
_Business Day by day the 'solid fundamentals ' that are still left are being caried away and sold for scrap.
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