On Tuesday Upgrade Energy Africa, which has its headquarters in Belgium and offices in Johannesburg and Durban, said it would remain in the country “to help create and construct power supply through renewable energy projects”.He said despite many reports by local and overseas media that multinationals are being cautious and direct foreign investment is likely to be curtailed or withdrawn, Upgrade Energy’s view was “quite the opposite”.
Our stance has always been to play the long game despite the many challenges faced by foreign investors, such as political instability“Our stance has always been to play the long game despite the many challenges faced by foreign investors, such as political instability,” Vermeire said.
Thankyou to all companies vowing not to exit South Africa. We need you now more than ever.
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