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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

African central bankers out of policy space to fight recessions

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African central bankers meeting in the next two weeks amid a resurgent coronavirus may find they’ve used up most of their interest-rate ammunition to lift their economies out of recessions that still affect much of the continent. Monetary policy committees have limited scope to provide stimulus after aggressive easing when lockdowns first shuttered output in 2020, with inflation quickening in Nigeria and Angola and restrictions that would dull the impact of rate cuts continuing in South Africa and Kenya.

Land Bank posts a R172m interim loss for 2020

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The Land Bank has posted a R172-million loss from its continuing operations for the six months ended on 30 September as its interest income continued to decline while provision for bad debts grew. The state-owned lender, which finances approximately 27% of agricultural debt in SA and is the only source of funding for most of the emerging farmers, published a short presentation of its unaudited interim results for the first half of its 2020 financial year on Monday evening.

Second wave of infections delays training at Tjeka Training Centre

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Construction training academy Tjeka Training Centre, based in Randfontein, has seen a slowdown in the onboarding of participants for the new year, mostly owing to the second wave of Covid-19 infections in South Africa, says Tjeka Training Matters CEO Frans Toua. He tells Engineering News that the rise in infections nationwide has led clients to either cancel or postpone training sessions.

Neasa calls for steel duties to be dropped to meet burgeoning domestic demand

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Unless import duties are reduced or made null for a period of time, steel shortages will continue to plague the domestic market, the National Employers Association of South Africa (Neasa) argues. Currently, the largest steel manufacturer – ArcelorMittal South Africa (AMSA) has repeatedly assured both its customers and government that the backlogs would have been resolved starting from December 2020 with the reopening of the second blast furnace – Blast Furnace C – at its Vanderbijlpark facility.

South African radio telescope array makes another breakthrough

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South Africa’s world-leading 64-dish radio telescope array MeerKAT, which was inaugurated in July 2018, has registered another significant success and again increased our knowledge of the cosmos. In a study published on Monday in the Monthly Notices of the Royal Astronomical Society, a team of three scientists from South African and British universities reported that, by using MeerKAT, they had located two previously unknown giant radio galaxies. Significantly, the two new discoveries were both located in the same small area of the sky. Also important was the fact that previous radio telescope surveys of that part of the sky, including by the Karl G Jansky Very Large Array in the US and the Giant Metre-Wave Radio Telescope in India, had failed to detect them.
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