RMB provides R4.45bn funding to expand Reatile’s energy investments

Financial institution Rand Merchant Bank (RMB) has structured a R4.45-billion funding package to support energy investment company Reatile Group’s expansion across South Africa’s energy sector, including significant investments in renewable energy. The financing positions Reatile to scale its impact across gas, petrochemicals, fuel storage and renewable energy.
/by

BLSA Reform Tracker says Eskom unbundling strategy ‘broke with the approved reform plan’

The latest Business Leadership South Africa (BLSA) Reform Tracker Quarterly Review says there has been “concerning backwards movement in the critical electricity sector”, attributing the regression primarily to the revised unbundling plan for Eskom unveiled in December. While stressing that the “broad trajectory remains” positive for the reforms being monitored by the tracker, BLSA CEO Busisiwe Mavuso said the unbundling strategy represented “a step backwards from the independent transmission system operator model that Operation Vulindlela, the National Energy Crisis Committee and National Treasury have been working towards”.
/by