Prescient launches new domestic fund with R200m seed capital

Investment management company Prescient Investment Management has launched the Prescient Domestic Balanced Fund, seeded with an initial investment of R200-million. The fund has a number of unique characteristics, including low-cost access to a variety of South African assets including equity, bonds, infrastructure, clean energy and both private and listed credit.
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Opinion: The Electricity Regulation Amendment Act and South Africa’s new era of electricity …

In this article, Webber Wentzel partner Jason van der Poel and associates Emma Bleeker and Kiera Bracher write that the coming into effect of the Electricity Regulation Amendment Act is to be welcomed but that the electricity market may need to rely on its judicial system to limit government power and provide clarity on certain issues arising from the Act.
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Implats signs deal with Discovery Green for supply of wheeled electricity to Springs refinery

JSE-listed Impala Platinum (Implats) has signed a five-year power purchase agreement (PPA) with Discovery Green for the supply of wheeled renewable electricity to its refinery operations in Springs, Ekurhuleni, from the end of 2026. The mining company said 90% of the operation’s electricity supply, or more than 130 000 MWh, would be sourced under the PPA, and would enable Impala Refineries to slash it Scope 2 greenhouse gas emissions by more than 852 000 t over the PPA period.
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