South African prepaid startup WiSolar plans initial fundraise

WiSolar, a South African startup that sells solar power on a prepaid basis, plans to raise R45-million this quarter in its first funding round as it gears up for growth. The company, founded by Tonye Irims in 2016, plans to expand from offering its product to residential home owners to working with property developers to install decentralised solar-power systems in buildings being constructed. Its current model sees systems installed at properties that are then paid for over as long as 72 months through the prepaid purchase of power.
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Corruption Watch turns focus to Eskom in review of Zondo Commission report

Corruption Watch has released its latest statement sharing findings of the first report released by the Zondo Commission of Inquiry into State Capture, which identifies the key players who Judge Raymond Zondo believes were embroiled in what he termed a “mastery of undue influence” at State-owned enterprises (SOEs). Corruption Watch this time turned its focus to former Public Enterprises Minister Malusi Gigaba, who is alleged to have interfered in Eskom’s business dealings with Gupta-owned TNA Media, despite many protestations to the contrary, when SOEs were under his watch between 2010 and 2014.
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