Green light for solar investment

Nedbank Capital, the group's investment banking arm, is supporting an innovative solar-powered traffic lights at several intersections in and around Sandton, where the bank's head office is located. These intersections form part of a pilot project undertaken by the Johannesburg Roads Agency (JRA) and Sunrise Technologies, where the traffic lights are powered exclusively by solar energy, without any draw from the region's power grid. Each intersection has the potential to save up to 150 kW hours per month, amounting to a saving of 1800 kW hours per year - enough to power 6750 energy saver light bulbs for 24 hours.