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Phumelela takes a punt

Alternative gaming group Phumelela – which still holds a strong position in the tote betting industry – has bought a strategic stake in Cape Town-based online fixed-odds operator Interbet. Phumelela disclosed no value for this strategic investment, which is valued at R1.3bn on the JSE.

Largest approved development on Hermanus coastline to be sold

South Africa’s serious property developers are gearing up to bid for one of the largest pieces of approved development land to have ever been made available for sale along the exclusive Hermanus Coast Line in the Western Cape. Comprising of 46.026ha (460 260m²,) this prime development opportunity offers a total of 244 plots, of which 51 are on the water’s edge.

Massive growth in renewable energy sector

In April 2015 the South African government announced the fourth round of successful bidders of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP,) and have projected that approximately 1000 megawatts (MW) of power will added to the national grid as a result of these projects. 

Maloba Tshehla, Renewable Energy Sector Manager at Greencape, tells Cape Business News about previous and upcoming renewabkle projects in the Western Cape and South Africa. Tshehla also shares how the average businessman or woman can bring renewable energy into his/ her business.

“The renewable energy projects that have been connected and operated [with the REIPPP] into the grid have been seen to have saved the economy roughly R800m.”

Watch the video to find out more.

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