Press Releases
The Menar Press Release Portal provides access to all our media releases. For additional information or images, please contact Menar Corporate Communications Department at pr@menar.com
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Coal can play a central role in rebuilding COVID-19 hit SA economy
Coronavirus (COVID-19) has had a devastating impact on the South African economy, which already had record-high unemployment. However, Vuslat Bayoglu, managing director of investment company Menar, has argued that the coal mining sector, could aid reviving the economy.
Coal is critical to enabling South Africa’s stability and future growth
Coal suppliers need to deal fairly with Eskom by seeking reasonable returns and not excessive profits. High input costs to power generation, including coal, ultimately cause higher electricity prices which is detrimental to South Africa's economy, said Menar MD Vuslat Bayoglu.