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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
Cape Town - Teljoy, best known for its television sets and cellphones, is now entering the solar geyser industry with a unique product that will put solar units and free hot water within the reach of many more people.
On Tuesday Teljoy Solar announced its "Green Credit" system. At R262 a month, and with a deposit of R2 500, consumers can own a fully paid 150-litre solar water-heating system within 48 months. This involves the conversion of an existing 150-litre geyser into a solar-heated system.
Teljoy's Theo Rutstein says it is surprising that solar geysers have not yet become compulsory for all new buildings. Heating of water contributes 30% to 50% of household energy consumption and solar geysers could therefore cut household electricity by the same amount.
For the cost of one new power station solar geysers could be installed in about five million homes, reckons Rutstein.
He says Eskom's campaign to subsidise solar geysers has been unsuccessful because the process is too cumbersome, complicated and expensive.
- Sake24