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How to grow R130 billion into R500 billion: Rand Merchant Bank boss
The chief executive officer of Rand Merchant Bank (RMB), James Formby, says that the recent R130 billion concessional climate finance ‘Green Deal’ at COP26 from the US, UK, Germany, France and the European Union (EU), could translate into a R500 billion boost to help South Africa’s Just Energy Transition to decarbonise its sources of energy.
The chief executive officer of Rand Merchant Bank (RMB), James Formby, says that the recent R130 billion concessional climate finance ‘Green Deal’ at COP26 from the US, UK, Germany, France and the European Union (EU), could translate into a R500 billion boost to help South Africa’s Just Energy Transition to decarbonise its sources of energy.