B4SA launches independent fund for corporates to support Energy Action Plan

Business body Business for South Africa (B4SA), together with the Presidency, on March 9 announced the establishment of a Resource Mobilisation Fund (RMF) to help capacitate the National Energy Crisis Committee (Necom).

Necom aims to reduce the severity and frequency of loadshedding in the short term, as well as achieve a secure and sustainable supply of energy in South Africa in the long term.

RMF chairperson and B4SA chairperson Martin Kingston explains that various individuals and private sector organisations have pledged their support to the President’s Energy Action Plan (EAP) announced in July last year, and came together to establish the RMF as a mechanism for business in South Africa to support the implementation of the plan.