The Energy Exchange of Southern Africa has been actively trading since June 2023, Remgro has told MyBroadband.last year that it had acquired a 25% stake in Ubiquity Energy from Johann Rupert’s Remgro for an undisclosed sum.At the time, RMB infrastructure transactor Sindisiwe Mosoeu said their main interest was EXSA.
The company said EXSA has been wheeling renewable energy to several customers within Remgro’s portfolio. “While the industry is still within its nascent stages, EXSA has been able to successfully execute on trades via its trading platform,” Remgro stated. Regulatory uncertainty is also stunting larger investment into projects, with the expectation of future tariff structure changes and curtailment weighing on the industry.
It invested in companies specialising in photovoltaic technologies and installations to provide onsite backup power to companies like Mediclinic, Distell and RCL Foods.
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