The fund will also allow investors to benefit from a tax deduction as high as 100%.
South Africa’s ongoing energy crisis has caused rolling blackouts, weakened the South African rand and forced the declaration of a state of disaster.
It will use the funds to invest in solar panels, inverters and batteries in residential complexes, commercial buildings and industrial buildings. “We are very bullish on it and because it is a moderate risk fund we are very comfortable that we will be able to deliver returns to investors.”
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