Deputy chair of South Africa’s Presidential Climate Commission (PCC) Valli Moosa has presented an upbeat assessment of the country’s ability to position itself as a preferred global destination for foreign and domestic decarbonisation investment. Speaking during a hydrogen-focused webinar on Thursday, Moosa warned that South Africa’s prevailing high carbon intensity had the potential to undermine its long-term competitiveness as countries and companies became increasingly climate-conscious and sought to restrict trade in carbon-heavy products.
Energy equipment and solutions provider Conco Energy Solutions has been acquired by wholly black-owned DLO Resources Group, which is headed up by 51% shareholder, founder and CEO Linda Mabhena-Olagunju. DLO is a renewable energy developer and strategic investor.