Through the crowd-sale, users in South Africa and across the globe can buy into the Nioro Plastics solar project and then earn income from the electricity it generates.
Sun Exchange has won several awards and broad recognition for its innovative platform and for promoting sustainable business practises by connecting “conscious capital” to commercial solar projects. Nioro Plastics will be the largest Sun Exchange crowd-sale to date, and will focus on minimising negative environmental impacts of the plastics industry.
The increasing use globally of single-use plastic items such as bottles and packaging is garnering much public attention following recent headlines and studies on the matter. For example, a recent edition of National Geographic revealed how hundreds of millions of tonnes of plastics are entering our oceans each year, threatening wildlife with potential catastrophic impact on the entire food chain.
“Plastics aren’t inherently bad, it’s what we do, or don’t do, with them that counts,” said Sylvia Earle, National Geographic Explorer-in-Residence.
The good news is that much of the plastic we use is 100% recyclable. Thanks to the ongoing campaigning efforts of organisations such as PETCO, South Africa is one of the top countries for collecting and recycling PET, a form of plastic predominantly used to make drinking bottles.
However, electricity is still required to repurpose recycled materials, and while this process is powered by fossil fuels, the industry can hardly claim to be a sustainable “cyclical” solution.
Enter Sun Exchange, described by its founders as the “AirBnB for solar panels,” which enables users to generate an income stream powered by the sun in just a few clicks. Through the Sun Exchange platform, practically anyone can buy solar cells installed onto the roof of Nioro Plastics, which are leased to give the plastic producer low-cost access to clean energy for a period 20 years. This presents a unique opportunity for individuals to put their money to work and earn income while promoting clean energy and sustainability in one of South Africa’s fastest growing industries.
The project also highlights how manufacturers and companies of all sizes, across industries and geographies, can leverage Sun Exchange’s innovative platform to go solar with no upfront cost and minimise their energy costs and carbon footprint.
“We encourage the use of recycling and certainly having some of the energy required for the production of these plastic bottles being solar-driven would be a very good and positive thing,” said Simeon Penev, Managing Director, Nioro Plastics. “It’s a good investment for the people leasing solar cells, because they will be making money.”
How Sun Exchange Monetises Sunshine
Sun Exchange has won global recognition for its disruptive approach to solar finance. The company won the Mondato Award for Social Impact in Sub-Saharan Africa and has been named the best Blockchain Business In Africa at the African Fintech Awards for the past two years running. The United Nations Development Program also recently selected Sun Exchange to pilot blockchain-based solar finance in Moldova.
The Sun Exchange approach to “monetising sunshine” can be broken down in four key phases:
- Solar Project Crowd Sale: Through its buy-to-lease solar marketplace, Sun Exchange sells batches of solar cells for projects that have been vetted for social and environmental responsibility, and for economic viability. During the crowd sale, virtually any individual or organisation, anywhere in the world, can purchase solar cells for only ZAR 60 per cell, and then rent them to be installed in the solar project.
- Solar Plant Installation: Upon completion of the crowd sale, when all solar cells for a project have been purchased, Sun Exchange works with local engineering, procurement and construction partners to build and install the solar power system.
- Electricity and Income Generation: Once the installation is complete (typically within two to three weeks), the solar plant starts generating electricity and solar cell owners start earning rental income based on the amount of electricity their solar cells produce. Owners can choose to receive rental payments in local currency or Bitcoin (BTC), and bonuses in the platform’s own SUNEX digital rewards token.
- Real Time Tracking: Through the Sun Exchange online dashboard, solar cell owners can track the real-time performance and electricity generation of their cells. While solar cells are typically leased under a 20-year contract, owners can choose to cash out instantly at any time.
“Nioro Plastics and Sun Exchange are setting a global precedent for the use of solar power and sustainable practices in the plastics industry in South Africa and beyond,” said Abraham Cambridge, CEO and founder of Sun Exchange. “Anyone interested in conscious capital should participate in the crowd sale and capture the opportunity to earn money while doing good and promoting clean power, all of which can be done with the click of a button through TheSunExchange.com.”
Now download a bank account
Absa has introduced an end-to-end account opening for new customers, through the Absa Banking App, which can be downloaded from the Android and Apple app stores. This follows the launch of the world first ChatBanking on WhatsApp service.
This “download your account” feature enables new customers to Absa, to open a Cheque account, order their card and start transacting on the Absa Banking App, all within minutes, from anywhere and at any time, by downloading it from the App stores.
“Overall, this new capability is not only expected to enhance the customer’s digital experience, but we expect to leverage this in our branches, bringing digital experiences to the branch environment and making it easier for our customers to join and bank with us regardless of where they may be,” says Aupa Monyatsi, Managing Executive for Virtual Channels at Absa Retail & Business Banking.
“With this innovation comes the need to ensure that the security of our customers is at the heart of our digital experience, this is why the digital onboarding experience for this feature includes a high-quality facial matching check with the Department of Home Affairs to verify the customer’s identity, ensuring that we have the most up to date information of our clients. Security is supremely important for us.”
The new version of the Absa Banking App is now available in the Apple and Android App stores, and anyone with a South African ID can become an Absa customer, by following these simple steps:
- Download the Absa App
- Choose the account you would like to open
- Tell us who you are
- To keep you safe, we will verify your cell phone number
- Take a selfie, and we will do facial matching with the Department of Home Affairs to confirm you are who you say you are
- Tell us where you live
- Let us know what you do for a living and your income
- Click Apply.
How we use phones to avoid human contact
A recent study by Kaspersky Lab has found that 75% of people pick up their connected device to avoid conversing with another human being.
Connected devices are becoming essential to keeping people in contact with each other, but for many they are also a much-needed comfort blanket in a variety of social situations when they do not want to interact with others. A recent survey from Kaspersky Lab has confirmed this trend in behaviour after three-quarters of people (75%) admitted they use a device to pretend to be busy when they don’t want to talk to someone else, showing the importance of keeping connected devices protected under all circumstances.
Imagine you’ve arrived at a bar and you’re waiting for your date. The bar is busy, and people are chatting all around you. What do you do now? Strike up a conversation with someone you don’t know? Grab your phone from your pocket or handbag until your date arrives to keep yourself busy? Why talk to humans or even make eye-contact with someone else when you can stare at your connected device instead?
The truth is, our use of devices is making it much easier to avoid small talk or even be polite to those around us, and new Kaspersky Lab research has found that 72% of people use one when they do not know what to do in a social situation. They are also the ‘go-to’ distraction for people even when they aren’t trying to look busy or avoid someone’s eye. 46% of people admit to using a device just to kill time every day and 44% use it as a daily distraction.
In addition to just being a distraction, devices are also a lifeline to those who would rather not talk directly to another person in day-to-day situations, to complete essential tasks. In fact, nearly a third (31%) of people would prefer to carry out tasks such as ordering a taxi or finding directions to where they need to go via a website and an app, because they find it an easier experience than speaking with another person.
Whether they are helping us avoid direct contact or filling a void in our daily lives, our constant reliance on devices has become a cause for panic when they become unusable. A third (34%) of people worry that they will not be able to entertain themselves if they cannot access a connected device. 12% are even concerned that they won’t be able to pretend to be busy if their device is out of action.
Dmitry Aleshin, VP for Product Marketing, Kaspersky Lab said, “The reliance on connected devices is impacting us in more ways than we could have ever expected. There is no doubt that being connected gives us the freedom to make modern life easier, but devices are also vital to help people get through different and difficult social situations. No matter what your ‘connection crutch’ is, it is essential to make sure your device is online and available when you need it most.”
To ensure your device lifeline is always there and in top health – no matter what the reason or situation – Kaspersky Security Cloud keeps your connection safe and secure:
· I want to use my device while waiting for a friend – is it secure to access the bar’s Wi-Fi?
With Kaspersky Security Cloud, devices are protected against network threats, even if the user needs to use insecure public Wi-Fi hotspots. This is done through transferring data via an encrypted channel to ensure personal data safety, so users’ devices are protected on any connection.
· Oh no! I’m bored but my phone’s battery is getting low – what am I going to do?
Users can track their battery level thanks to a countdown of how many minutes are left until their device shuts down in the Kaspersky Security Cloud interface. There is also a wide-range of portable power supplies available to keep device batteries charged while on-the-go.
· I’ve lost my phone! How will I keep myself entertained now?
Should the unthinkable happen and you lose or have your phone stolen, Kaspersky Security Cloud can track and protect your device from data breaches, for complete peace of mind. Remote lock and locate features ensure your device remains secure until you are reunited.