Remgro to allocate more capital to clean energy transition
The investment holding company chaired by Johann Rupert wants to generate reliable renewable electricity, independent of Eskom, for its underlying portfolio companies, a move which it says is necessary for their survival and opens another avenue for investment and growth by the group.
“It is such an important thing to do to safeguard the future of our group and our underlying businesses — we have to do it because long term we don’t think we can rely on Eskom,” says Remgro CEO Jannie Durand, who was speaking to Business Day after the group’s interim results presentation. ..
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