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Tuesday, November 26, 2024

South Africa will see a major boost in its economic confidence, while international investors will also look at the country as a more favourable investment destination.

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This, according to President Cyril Ramaphosa, who yesterday announced, that changes would be made to the Electricity Regulation Act, to allow independent energy producers to generate much more than the previous threshold of 50MW of power. Ramaphosa says, following the amendments, South African businesses would be allowed to generate up to 100MW of electricity.

Merentia Van Der Vent
Merentia Van Der Vent
Merentia joined the media world in 1996 and in 2001, she took her first steps in the broadcasting world. In her free time, she likes to go on adventures in the city. She also likes to learn new dances, not that she is any good at that.

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