SA needs an orderly energy transition, says Old Mutual’s investment unit
The move away from coal-based energy is inevitable, but has to take into consideration the socio-economic realities of such a move
19 September 2019 - 18:38
Old Mutual’s investment arm, which is one of the country’s biggest investors in renewable energy, has warned that while SA needs to increase its pace of transitioning to a low-carbon economy, this must be done in an orderly manner that will not worsen an already agitated social fabric or disrupt the economy.
Old Mutual Investment Group, which has more than R650bn in assets under management, released its 2019 impact investment report called “Tomorrow” on Thursday, which showed that it has placed R34.5bn of its clients’ monies in clean-energy initiatives...
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