The private-sector-driven fund will work with government to end load shedding and in the past four months has already raised its initial budget of around R100m. Moneyweb Eskom loadshedding
The Resource Mobilisation Fund – a private sector initiative to support government in dealing with the energy crisis – was launched on Thursday, and the first key message from organised business backing the venture is that the fund will not be used by government as a bottomless treasure trove.
Sona – National state of disaster declared on electricity crisis Having raised its initial budget of about R100 million over the past four months, the fund has already begun its work. According to the RMF, it is set to conclude the necessary due diligence on these funds soon and begin disbursing funds to the government in the next month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Goldman banker Roger Ng sentenced to 10 years in 1MDB caseUS court convicts Ng of helping loot billions of dollars from Malaysia’s sovereign wealth fund
Read more »
Ramokgopa endorses Integrated Resource Plan to secure energy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Newly-appointed Electricity Minister, Kgosientsho Ramokgopa, has endorsed the plan which supports a diverse energy mix and sets out South Africa’s aim for the procurement of generation capacity until 2030.
Read more »
It's an attractive time to invest in SA. But you can't be emotional, says top fund manager | BusinessWhile record levels of load shedding and weaker growth are weighing on sentiment, SA assets are offering value, says Ninety One portfolio manager Malcolm Charles. | News24_Business
Read more »
Are ‘Middle Class’ South Africans Screwed? And What The Hell Is...The data shows that middle-class workers appear to be turning to credit card debt to help them fund their lifestyles.
Read more »
WATCH: Stock PicksBusiness Day TV speaks to David Shapiro from Sasfin Securities and Zwelakhe Mnguni from Benguela Global Fund Mangers
Read more »
Fuel latest: Early petrol data shows more BAD news in AprilIt's too early to tell what lies ahead for diesel and petrol prices in April, but the latest data from the Central Energy Fund looks GRIM.
Read more »