SAPOA calls on property owners to work with Eskom amidst SA's power crisis
With the increase in electricity demand, load shedding remains a reality for the near future for South Africa, says power utility Eskom.
Power utility Eskom says there will be load shedding across South Africa from Sunday.
The Cape Quarter, the flagship property within the Tower Property Funds portfolio, is set to soon receive an extensive solar retrofit as part of the funds greening and occupancy cost reduction strategy.
The Black River Park, an office park has completed an expansion of its solar photovoltaic power generation facilities and will be selling its surplus power to the City of Cape Town.
City Power will increase its tariffs by 7% from 1 July.
Government to address energy constraints.
Growthpoint and Redefine are the two largest real estate investment trusts, with a diversified exposure to commercial properties in the retail, office, and industrial sectors.
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