Reunert profit grows as customers look for renewable energy
The ICT and electronics group is one of the few that has benefited from ongoing load-shedding
22 November 2023 - 14:12
Reunert cashed in on the demand for renewable and alternative energy sources, including in SA where rolling blackouts continue and problems persist at state-owned power utility Eskom, as the ICT and electronics group reported a rise in annual profit.
“These large-scale investments also benefit the group’s power cable business. The investment required into the upgrade of the country’s transmission system will further bolster the group's participation in the renewable energy market,” the company, valued at about R11.4bn on the JSE, said on Wednesday in its results for the year to end-September...
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