South Africa’s public energy sector stands to gain from increased exposure to international trends and skills, thanks to agreements signed between the Department of Energy and International Energy Agency on 4 July 2011.
• Eskom to tap into public expertise
Fundamo, a South African-based company specialising in mobile phone-based financial services, has been bought by Visa for US$110-million (R741-million) – a deal which could draw other multinationals to invest in locally developed technology.
• Mobile money grows in Africa
The Absa Campus, located in downtown Johannesburg and home to the bank’s headquarters, consumes at least 12MW of electricity per day – but hardly any of this is drawn from the national grid, which is good news for South Africa’s power utility Eskom.
• Nedbank branch runs on wind power