‘Forget localisation, just add megawatts,’ says RMB's James Formby

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Outgoing CEO says lack of electricity is greatest threat to SA's economic growth and blames localisation drive for delay to renewable energy projects.

Outgoing CEO says lack of electricity is greatest threat to SA's economic growth and blames localisation drive for delay to renewable energy projectsJames Formby, the outgoing CEO of Rand Merchant Bank , the biggest investment bank in the country, says that instead of

obsessing about localisation the government should be obsessing about adding megawatts to the grid...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

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We actually had better electricity supply during Zuma days .. chance or luck ?.. but that’s a fact .. not that I like him ..or want him back .. just interesting

Nonsense. We expect a better nuanced explanation from a top earning CEO of a blue chip company...

no .. the biggest threat is the ANC !!

Tell this to our competent president

Nwo ceo

You forgetting the cadres!

All due to ANC govt shortsightedness

Exactly....but ANC not /will not listen

Bruceps So glad they pay these geniuses tens of millions a year to give us such insight

I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07

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