Soul City #44691
Created at
2023-01-09
Last update
2023-01-11
0 Parents (Involvements as child)
1 Children (Involvements as parent)
ID
Name
Sishen Solar Facility
Country of registration/origin
South Africa
Classification
Other
Relationship
Subsidiary company
Ownership share
5.00 %
Comment
The Soul City Broad-Based Empowerment Company (SCBBEC) holds a 5% ownership stake in the Sishen Solar Plant as a broad-based empowerment partner, ensuring that a portion of the project's financial benefits supports the Soul City Institute for Social Justice (SCI). SCBBEC's role is purely financial, meaning it does not participate in the plant’s operations but receives dividends from its revenue, which are reinvested into SCI’s social justice and empowerment initiatives.