Business leaders surveyed last year by management consultants AT Kearney said they had more confidence in South Africa as an investment destination than they did in many western European countries and emerging powerhouses like Chile and Malaysia.
One reason was Pretoria’s much lauded renewable energy program which in the view of London-based risk analysts IHS has made South Africa “the world’s most attractive country for solar energy” investment. As a destination for investment in all forms of clean energy, Bloomberg New Energy Finance currently ranks South Africa third behind China and Brazil on its Climatescope index of 55 countries.
Since late 2013, a growing fleet of solar and wind power projects has begun feeding hundreds of badly needed megawatts into South Africa’s national grid. This is the start of a carbon-free energy…
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Foreign Policy (Digital) - 1 Issue, January - February 2015