R830M

Finweek English Edition - - IN BRIEF -

The amount paid to the City of Tsh­wane to PEU Cap­i­tal since Oc­to­ber 2013 for the roll-out of a smart elec­tric­ity me­ter­ing sys­tem. The City said on 12 May that it will ter­mi­nate the con­tract, blam­ing the neg­a­tive fi­nan­cial and eco­nomic im­pact of the project on the city. To date, nearly 13 000 me­ters were in­stalled, out of a con­tracted num­ber of 800 000.

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