Here's what you need to know about a new stokvel to help you go solar | Business

But when there's a will, there's a way. And sometimes, that way points you to an existing solution. Founder and CEO of SunKissed Technologies, Tebogo Sehume, recently told News24 that his startup is looking to stokvels to help people afford solar PV installations.

"We realised that to deal with load shedding, solar is a solution, but the problem with solar is that it is really expensive," said Sehume."We decided to leverage this financial system, stokvels, to help people afford solar systems," he explained. SunKissed Technologies will install the solar PV systems immediately, without upfront costs. But the stokvel members will then help each other pay off their systems over 12 months.

According to Sehume, SunKissed Technologies is relying on equipment from a local supplier, SkyNet Solar. The five-person team at SunKissed Technologies includes a chief financial officer, a chief technology officer, head of sales and marketing and an electrical engineer to certify the installations.SunKissed Technologies offers three different kinds of solar PV systems.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Matters Ep 8 | Digital Transformation | 19 June 2023Digital transformation in business is the integration of digital technologies and tools to improve operations, enhance customer experiences, and make data-driven decisions. In the next episode of Business Matters we highlight ways digital transformation may advance SMEs and big corporations.
Source: eNCA - 🏆 49. / 51 Read more »

SA salaries fall amid declining confidence, high inflation and load shedding woes | BusinessAverage salaries in South Africa declined last month as rising inflation, low business confidence levels and rolling power cuts continued to weigh on the labour market, a BankservAfrica report showed. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

ROB ROSE: Overhaul the sugar industry, plead business rescuersThe industry’s outdated model is under fire — but much-needed structural change is not forthcoming, writes robrose_za.
Source: FinancialMail - 🏆 20. / 63 Read more »

Eskom head of security Karen Pillay suspended | BusinessThe suspension is related to a R500 million emergency security contract awarded to Fidelity Services to investigate coal theft last year, News24 understands.
Source: News24 - 🏆 4. / 80 Read more »

Growthpoint reports mixed performance as load shedding weighs, but V&A Waterfront is booming | BusinessSouth Africa's biggest listed property group, Growthpoint, the co-owner of the V&A Waterfront, said on Thursday the hit from load shedding had helped prompt a mixed performance across its diverse portfolio in the nine months to end-March | News24_Business
Source: News24 - 🏆 4. / 80 Read more »