S Africa to invest billions in green economy.

Position:BRIEFS - Brief article - Statistical data

The South African government is to invest billions in mass transport systems as a way of "greening" the South African economy.

By 2014, the state-owned commuter rail company, Prasa (Rail Agency of South Africa), will invest R2obn ($2.5bn) in new trains, most of which will be manufactured locally.

This is part of the government's New Growth Path, which seeks to reduce emissions by focusing on renewable and nuclear energy, green transport and the built environment. State-owned transport entity Transnet will invest about R63bn ($j.8bn) in the freight rail system over the next five years.

South Africa's Green Economy Accord has a strong commitment to employing young people and those historically excluded from the economy Government and business have set a target of 80% youth amongst new employees in the manufacturing and installation of solar-water heating systems as well as government's public works programmes to green the economy.

Electricity utility Eskom and business will work...

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