Shoprite secures R3.5bn to fund renewable energy

for SA to urgently transform its energy system and elevate renewables as a national priority.

The loans will also be used for “recycling cardboard and plastic; sustainable packaging, including reusable, recyclable and compostable packaging, containing recycled material; and energy efficiency, including LED lighting, and a monitoring system for refrigeration to reduce energy consumption and waste”.

“These environmental programmes are key in our fight against climate change, and we are able to increase the pace and intensity of our actions with these loans. Shoprite says these investments will enable the group to expand on the substantial investments it has already made.

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