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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

MTN strengthens partnership with North West government to advance digital inclusion, economic growth

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Telecommunications group MTN South Africa and the North West government have strengthened their partnership following engagements this week among the company’s executive committee, led by deputy CEO Yolanda Cuba, and North West Premier Lazarus Kagiso Mokgosi and members of the provincial executive. The meeting provided an opportunity for both parties to discuss areas of collaboration that will support the province's development priorities, including digital infrastructure, education, youth empowerment, economic participation and improved access to reliable connectivity – all of which are key enablers of the National Development Plan Vision 2030.

Eskom flags further coal-closure delays ahead of official update

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Eskom Holdings CEO Dan Marokane says the State-owned utility will outline its proposed approach in September in relation to the decommissioning of coal-fired power stations beyond 2030. Eskom has secured limited exemptions from minimum emission standards for eight of its coal-fired power stations.

Competition for water resources a risk to the global energy transition, warns ICMM

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Mining and metals advocacy group the ICMM warns that water availability could, in many regions, act as a constraint on the development of new mines and related facilities, particularly for the production of metals and minerals, such as platinum group metals, chromium, manganese, aluminium and steel, that are key to the energy transition. In its 'Global Mining and Metals Water Dataset' report, published on July 22, the ICMM states that competition for finite water resources is not a future concern, but a present operational reality and a structural constraint on the expansion of the mining and metals sector, as well as the pace of the energy transition itself.

South Africa inflation jumps more than expected in June

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South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursday. Annual headline consumer inflation accelerated to a two-year high of 5.0% in June from 4.5% in May, data from Statistics South Africa showed on Wednesday. Economists polled by Reuters had expected a reading of 4.7%. The transport category was the largest contributor to both the annual and monthly rises in the Consumer Price Index, as the Iran war sent fuel prices sharply higher. Annual core inflation, which strips out volatile items like food and energy, came in at 4.1% in June, also above economists' forecast for a reading of 3.9%. The South African Reserve Bank aims to keep inflation at 3% and will announce its next interest rate decision on Thursday.

RMB and Indlu launch R1bn finance programme, with R915m pipeline identified

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Corporate and investment bank Rand Merchant Bank (RMB) and property financial technology company Indlu have launched a R1-billion blended finance programme to formalise and scale South Africa’s burgeoning affordable rental market. The programme aims to bridge the national housing gap – currently estimated at 2.3-million units – by providing sustainable, affordable credit to micro-developers who have historically been excluded from traditional banking sectors due to a perceived lack of formal collateral.
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