The $8.5bn could buy eight small modular reactors, and our energy problems would be over
SA has unveiled a plan at COP27 to target the green hydrogen industry. Picture: BLOOMBERGcontained a number of articles that might have prompted the late Nigerian author Chinua Achebe to write a sequel to his well-known novelCriminality is rampant at Eskom and load-shedding is at a record high. Cement production is at a record low. High interest rates are crippling the housing market and everyone is strapped for cash this Christmas. President Cyril Ramaphosa is hoping to get $8.
It seems the half that doesn’t get stolen will be wasted on the flavour of the month — green hydrogen, a chemical fantasy that even sophisticated economies aren’t sure about. The money could buy eight small modular reactors, and our energy problems would be over. However, in a country whose products are mainly low-grade politicians and a few rugby players, this seems unlikely.JOIN THE DISCUSSION: Send us an email with your comments to [email protected]. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
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