Old Mutual addresses SA’s energy, logistics crisis

Old Mutual CEO, Iain Williamson, tackled the pressing issues of South Africa's energy and logistics crisis at the World Economic Forum in Davos. In an interview with CNBC Africa's Godfrey Mutizwa, Williamson emphasized the challenges facing the country, particularly regarding energy and rail logistics. He acknowledged that the process of finding solutions is taking longer than desired but assured that significant efforts are underway to rectify the situation. Despite the hurdles, he remains optimistic about South Africa's prospects and highlighted the need for consistency and certainty in policies to boost investor confidence. The CEO also shed light on the broader global discussions at the forum, including topics such as climate change, energy transition, artificial intelligence, and financial inclusion, emphasizing the unique considerations for emerging markets like South Africa. As Africa emerges as a region of rapid growth and potential, Williamson discussed the demographic advantages and geopolitical challenges facing the continent, underscoring the long-term belief in Africa's promising future. Throughout the forum, Williamson engaged with regulators, tech suppliers, reinsurers, and government officials to foster strategic partnerships and pave the way for sustainable investments in Africa's evolving landscape.