Trade, Industry and Competition Minister Ebrahim Patel has conceded that reliable, affordable and sustainable energy is essential for industrialisation.
South Africa’s energy crisis has raised the cost of doing business in the country. This as Eskom implements rolling blackouts.“We need to get the private sectors to embrace that and so we met with BUSA and COSATU and NAPTU and FEDUSA in 2020 and after a few months of engagements, we agreed to work together on a localised accord to seek to localise R200 billion worth of goods over a five year period.
”Meanwhile, Gauteng Premier Panyaza Lesufi says townships have the potential to produce new business ideas.“I am a fanatic of township business. I really believe that if you give township business a chance, it will be the centre of creating opportunities and the traffic will go the opposite side instead of one traffic going to urban areas, and another traffic going to the townships and that’s an opportunity we should harness and take advantage of.
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