In a move that suggests companies are taking advantage of structural reforms in the ailing economy, Harmony plans an aggressive renewable energy strategy to address a carbon tax bill of up to R350m a year.

The country’s largest gold miner wants to source less than half its electricity from the coal-burning state-owned monopoly by 2030, using a planned 30MW of solar energy as well as growing quickly into the 100MW of licence-free embedded generation President Cyril Ramaphosa unveiled earlier in June. ..

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