The plan for Stellenbosch to become the first town in South Africa to produce its own “green” power and eliminate load shedding is excellent news for the local property market, says Berry Everitt, chief executive of the Chas Everitt International property group.
This is in response to the recent announcement by the Stellenbosch Municipality that it intends to become independent of Eskom and is investigating alternative power supply options.
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Everitt notes one of the biggest effects of the Covid-19 pandemic is the rapid rise in corporate acceptance of full time remote working, which has freed large numbers of people all over the world to “de-urbanise” from big cities to smaller centres where they hope to enjoy a better quality of life.
“And if Stellenbosch is able to offer a life without load shedding, that will be a big attraction for those making this
kind of move.”