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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Cape Town - South Africa has exceptionally strong representation at this year's World Economic Forum in Davos, Switzerland.
The contingent is marketing South Africa not only for the 2010 Fifa World Cup soccer tournament, but also for the good opportunities for investment growth in Africa, says Geoffrey Qhena, CEO of the Industrial Development Corporation (IDC).
From Davos he told Sake24.com that Africa currently offers better growth opportunities than China and India.
Qhena, who on Thursday attended a panel discussion on international energy prospects, said South Africa will have to invest more in clean and renewable energy in the light of diminishing oil reserves.
Panel members, who included heads of international oil companies, said global oil reserves are shrinking at a rate of 4% to 5% every year.
It would cost $27 000bn to replenish these reserves completely using new and expensive exploration and development technologies.
Qhena said the IDC was investing in a number of solar, wind and hydroelectric power projects in southern Africa.
The corporation was in discussion with Eskom regarding investment in concentrated solar energy plants. It was also considering investing in local technology for electric vehicles.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.