, says it spent R16.6 million in diesel in the six months to December 2022. Although the landlord's operations in South Africa are smaller than those of its competitors like Redefine and Growthpoint, it said everyone is reeling from the negative impact of load shedding.
"Of course, that brings additional costs to our tenants and businesses," said Emira COO Ulana van Biljon. Emira is also worried that with the elevated demand for diesel, as load shedding intensifies, its prices will climb. "Solar, together with batteries, will make sense in the longer term, but we are not there yet. Our solar interventions have been fantastic. They saved the grid. But during load shedding, we can only use generators … Batteries are being tested that look like they might be able to justify switching," said Emira CEO Geoff Jennett.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
"This is despite the fact that the office sector is still under pressure. We've said before that we believe the office sector can only really improve if we've got good economic growth. We really need that. Businesses also need to understand where the economy is going because that influences their office strategies," said Van Biljon.
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