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City of Cape Town spends R98m on Gugs housing project but subcontractors have zero in their pockets

A multi-million rand housing project in Gugulethu has turned into a nightmare for construction subcontractors. ....

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Crypto power: Can solar panels boost cheap, green homes in S.Africa?

7 Min Read
JOHANNESBURG (Thomson Reuters Foundation) - When property developer Anver Essop bought land in Cape Town’s gang-ridden Cape Flats area, people laughed at him for considering it an investment.
Now, 12 years later, the Watergate Estate is a sought-after refuge that will soon be donned with solar panels funded through an online leasing platform, making it, Essop hopes, a “blueprint” for green, safe and cheap homes across South Africa.
The marketplace, Sun Exchange, allows people to buy individual solar cells with cash or bitcoin and then lease them to power solar projects in emerging economies, resulting in lower electricity costs for residents. ....

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Crypto power: Can solar panels boost cheap, green homes in South Africa?

When property developer Anver Essop bought land in Cape Town’s gang-ridden Cape Flats area, people laughed at him for considering it an investment.
Now, 12 years later, the Watergate Estate is a sought-after refuge that will soon be donned with solar panels funded through an online leasing platform, making it, Essop hopes, a “blueprint” for green, safe and cheap homes across South Africa.
The marketplace, Sun Exchange, allows people to buy individual solar cells with cash or bitcoin and then lease them to power solar projects in emerging economies, resulting in lower electricity costs for residents.
“We thought, why don’t we give people the same product we build in wealthier areas and uplift them to improve their own lives,” said Essop. ....

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Crypto power: Can solar panels boost cheap, green homes in S.Africa?

Crypto power: Can solar panels boost cheap, green homes in S.Africa?
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United States , Cape Flats , Western Cape , South Africa , Cape Town , City Of , United Kingdom , South African , Zoe Tabary , Jumana Farouky , Abe Cambridge , Ndifuna Ukwazi , Kim Harrisberg , Michael Clark , Samantha Wilson , Knight Frank , Kim Harrisberg Kimharrisberg , Thomson Reuters Trust Principles , Thomson Reuters , Mayoral Committee For Human Settlements , United Nations , Sun Exchange , Page Properties , Development Action Group , Thomson Reuters Foundation , Anver Essop ,

Crypto power: Can solar panels boost cheap, green homes in S.Africa?

Crypto power: Can solar panels boost cheap, green homes in S.Africa?
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United States , Cape Flats , Western Cape , South Africa , Cape Town , City Of , United Kingdom , South African , Zoe Tabary , Jumana Farouky , Abe Cambridge , Ndifuna Ukwazi , Kim Harrisberg , Michael Clark , Samantha Wilson , Knight Frank , Kim Harrisberg Kimharrisberg , Thomson Reuters Trust Principles , Thomson Reuters , Mayoral Committee For Human Settlements , United Nations , Sun Exchange , Page Properties , Development Action Group , Thomson Reuters Foundation , Anver Essop ,