Uncertainty over renewable energy results in job losses at wind turbine company - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Industrial Development Zone after failing to find an equity investment partner. The failure to find investment is related to the proposed independent power producers programme which will not see any new wind farms erected between 2022 and 2025.

Boilermaker, Nokubona Tukayi Manyelo says, “I’m definitely not ok because we all know that South Africa is suffering and we are also going to be falling on those statistics of the people that are looking for jobs.” Head of Workout Restruction at the IDC, Mpho Mosweu says, “You see the partners when they assessed the investment they were very positive especially when the round four was signed, but however when they looked into the future they could see that there is going to be a gap of three years, where there aren’t going to be any wind farms that are going to be built.

Energy renewal is part of the much vaunted Fourth Industrial Revolution.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Activists Push South Africa Pension Funds Over Climate CostsPension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, according to two groups lobbying money managers to pay closer attention to the issue.
Source: dailymaverick - 🏆 3. / 84 Read more »