SA’s renewable power plan runs out of steam
South Africa’s infant renewable energy industry appears to be running out of steam after a galloping start. The Renewable Energy Independent Power Producer Procurement Programme kicked off on a high note after being approved in 2011 and quickly attracted huge interest from investors, thanks to the generosity of state-owned power utility Eskom, which bought solar and wind energy from independent power producers (IPPs) at high tariffs in the early bidding rounds of the programme.
Sasol’s Mozambique gas project paying off despite criticism
There is a school of thought that is suspicious of foreign direct investment (FDI), viewing it as nothing more than a plundering of natural resources and exploitation of consumers by ruthless capitalists, who once they are done with sucking the blood out of hapless domestic economies, move on to the next host to carry on with the pillaging.
Many multinational companies that invest in emerging economies try to do their best to avoid being linked to this crude description of FDI, which is akin to modern-day imperialism.