Tuesday , August 9 2022

A load culling is threatening to invest R100bn govt



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Davies was speaking at Cape Town Press Club on Tuesday where he reflected on the challenges of the last 10 years.

Department of Trade and Industry Minister Rob Davies. Photo: GCIS

CAPE TOWN – The Minister for Trade and Industry, Rob Davies, said the eradication of the Eskom load was the biggest risk to the government's drive to attract R100 billion investments.

South Africa was tested on stage 4 loads for about a week.

Davies was speaking at Cape Town Press Club on Tuesday, where he reflected on the challenges of the last 10 years.

Davies said investors were aware of South Africa's energy challenges. However, we believe that investors are into the long term.

“Many of those investors took a long-term view of South Africa but you're making a bet if you're investing and those things will be sorted out; u improve in good time. ” t

When asked about the possibility of finding energy from independent power producers, Davies said he will not solve the energy crisis.

“The people in the townships and rural areas will depend on Eskom so we had to get Eskom right.”

Davies said that despite difficult economic conditions, the country has shown strong resilience.

(Edited by Mihlali Ntsabo)

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