Nedbank Group has increased its green finance pipeline to more than R10-billion as more South African businesses invest in private power generation after the government lifted restrictions to help resolve the country’s energy crisis. “There are very strong pipelines currently in our business and across the country for private sector generation – that is a very large growth sector in an otherwise challenging growth environment,” Nedbank Chief Executive Officer Mike Brown said in an interview with Bloomberg TV in Johannesburg. “It is going to take probably two to three years before that connects to the grid and fixes the problem.”
