JOHANNESBURG - Entrepreneur Andri Hugo is on a quest to position Novo Energy as a leading supplier of clean, alternative energy and authority in the natural gas economy of South Africa.
In an interview with Business Report, the businessman says the Novo Energy is committed to providing integrated energy solutions in South Africa and help the country move away from its coal based economy, among other things. “There are lots of energy reserves in southern Africa. Africa has been blessed with an abundance of resources, including minerals, energy, natural resources and human capital. A combination of these, through industrial activity, can address most of the socio-economic challenges we face.”
Hugo says they also supply the Johannesburg Metro Police Department with CNG as some of its vehicles run on natural gas, and Tshwane’s A Re Yeng Bus Rapid Transit system as all its buses run on CNG. “As a gas aggregation hub we can receive gas, process the molecules, and manage the logistics of getting the gas to our customers,” he says.
“Now because of this new infrastructure we can help them make the switch to natural gas – a cleaner more sustainable alternative energy that’s half the price and we can distribute gas anywhere in the country.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: Group Five placed in business rescue | IOL Business ReportThe group and its subsidiaries have said to have been experiencing cash flow difficulties due to significant operating losses. busrep interesting move
Source: IOL - 🏆 46. / 51 Read more »
SA, Zimbabwe vow to expand economic ties, send condolences to Ethiopia | IOL Business ReportRamaphosa, Mnangagwa concluded the Bi-National Commission (BNC) in Harare on Tuesday, with calls for the expansion of trade and economic ties.
Source: IOL - 🏆 46. / 51 Read more »
SA to help Zimbabwe get back on its feet | IOL Business ReportRamaphosa said the SA Reserve Bank was engaged in discussions to help the Reserve Bank of Zimbabwe to secure as much as $7million (R99.8m). busrep Hahhaaa what a joke - first fix the mess that is South Africa dumbasses busrep Good news. busrep How can SA assist Zim yet it has its own problems that has not even been resolved.unemployment among the youth is 50%,drug use,violent crimes,school sanitation, education is poor,public health care is bad and land reform such an endless list.
Source: IOL - 🏆 46. / 51 Read more »
Finance Minister extends Mark Kingon's run as Sars acting commissioner | IOL Business ReportThe Minister of Finance has re-appointed Mark Kingon as Acting Commissioner of the South African Revenue Service for a further period of 90 days.
Source: IOL - 🏆 46. / 51 Read more »
Cele to meet union bosses in mine strike | IOL Business ReportPolice Minister Bheki Cele is today scheduled to meet union bosses and Sibanye-Stillwater management in Carletonville. busrep And police strike?
Source: IOL - 🏆 46. / 51 Read more »
Standard Bank to close 91 branches, thousands of jobs on the line | IOL Business ReportSouth Africa's Standard Bank today announced that about 1200 jobs will be on the line after it decided to close 91 of their branches. Competition and high bank charges won't help the situation either. I am a Standard Bank client of many years. I am so upset that branches are closing and jobs are being lost. I care more about people, families who will suffer despite your efforts to prepare them for other fields of employment. This is a deal breaker for me. The country is heading down the path of Venezuela, those that have the means should leave now, there is no hope for this Shithole, MYANC completely destroyed this country.
Source: IOL - 🏆 46. / 51 Read more »
Motsepe's African Rainbow dumps struggling EOH | IOL Business ReportCompany's decision was not triggered by any of the recent events that have engulfed the embattled technology and outsourcing company.
Source: IOL - 🏆 46. / 51 Read more »
Customer behaviour triggered Standard Bank move to close 91 branches | IOL Business ReportStandard Bank spokesperson Ross Linstrom said the group had re-looked at its retail and business banking delivery model to meet its customers' needs.
Source: IOL - 🏆 46. / 51 Read more »
Unions react to potential job losses at Standard Bank | IOL Business ReportSouth African Federation of Trade Unions (Saftu) general secretary Zwelinzima Vavi said job losses in the banking sector was a race to the bottom. Its UNIONS fault that Big Businesses are whitling their labour force... Too many strikes when it is not needed. They have been reacting what do they do ultimately? Nothing story ends up in the air.. Unions need to be abolished. They're another factor killing the country.
Source: IOL - 🏆 46. / 51 Read more »
Ex-Steinhoff bigwigs structured deals that 'substantially' inflated profits, asset values | IOL Business ReportThe report by PwC auditors made note of a number of deals were implemented over several years that enabled Steinhoff to artificially boost earnings.
Source: IOL - 🏆 46. / 51 Read more »