For the second time in 12 months, Deutsche Bank is about to violate its own Environmental and Social Policy Framework. By mid-2021, the bank is expected to transfer the second tranche of a 25m USD loan to Singapore-based rubber giant Halcyon Agri, knowingly overlooking its record of human rights violations, non-transparency, and some of the most devastating deforestation in … [Read more...]
IDC boosts young rural entrepreneurs
Siyabonga Tshabalala and Nomuntu Ndhlovu took the decision to leave their corporate jobs in Gauteng and go back home to their rural village of Steenbok in Mpumalanga, to start a business. Both aged 27, the pair now run SiyaBuddy, a recycling and waste management company that has now created 18 direct jobs and 541 indirect jobs in their community in the Nkomazi Local … [Read more...]
Six lucky recyclers will receive loans to fund their projects
Recycling initiatives are often in need of seed support, whilst volumes escalate and the business becomes viable. This is why POLYCO, the Polyolefin Recycling Company, is helping 6 operations with supportive loans. They have released the names of the six successful applicants who will be receiving total investment loans of R7 million over the next 6 months to fund their … [Read more...]
South Africa needs clean energy, not coal!
In just days, the World Bank will vote on a proposed R29 billion loan to Eskom to build the fourth-largest coal plant in the world - a climate disaster. At the same time, Eskom plans to effectively double electricity rates over the next three years. Big polluters are getting cut-rate electricity while ratepayers would be left to pay back this disastrous loan. But the loan is … [Read more...]
