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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

Agriculture optimism on the rise despite input cost, weather fears

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The Agricultural Business Chamber of South Africa's (Agbiz's) and Industrial Development Corporation's Agribusiness Confidence Index (ACI) has increased by eight points in the third quarter to a level of 53, breaching the neutral 50-level mark. The current ACI level indicates South African agribusinesses are more optimistic about business conditions compared with the second quarter, particularly among grain traders, input suppliers, feed suppliers and the financial services sector.

FMD Response SA welcomes oversight to avoid FMD vaccine overpricing

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FMD Response SA has welcomed the action taken by Agriculture Minister Willie Aucamp on allegations of misconduct relating to the pricing of Foot-and-Mouth Disease (FMD) vaccines by local vaccine manufacturer Onderstepoort Biological Products (OBP). The suspension of the entity's acting CEO Jacob Modumoh, which Aucamp announced on September 7, is precautionary, with no finding having been made against him; however, the process to independently verify the allegations must now be allowed to run fairly, FMD Response SA states.

Services now account for 27% of global exports, developing countries' share falls – Unctad

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Services account for a growing share of economic activity and trade globally, although their contribution to countries’ GDP varies widely. In developed economies, services account for about 70% of GDP and a similar share of total employment, says UN Trade and Development (Unctad). In developing economies, services generate more than half of economic activity with significant variations across country groups, from 66% of GDP in small island developing States to 42% in least developed countries (LDCs).

Businesses not yet feeling the effect of reforms, as confidence drops – BLSA

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Businesses are unfortunately not yet feeling the impact of structural reforms on the ground, with felt progress important in the move toward a new operating environment in which electricity is priced through competitive markets and logistics services can be accessed through multiple operators, says business organisation Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso. “Only when we have fully functioning and competitive markets for electricity and logistics services will business sentiment respond; when companies start to see their input costs falling and service reliability improving, they start to build confidence.

South Africa’s quarterly farm exports surge, US shipments rise

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South African agricultural exports rose 10% in the second quarter from the same period a year ago, buoyed by higher volumes and better prices. The total shipments of $4.1-billion was a record for the second quarter, according to Wandile Sihlobo, chief economist at the Agricultural Business Chamber of South Africa. While lower than the same period last year, shipments to the US climbed 56% from the first quarter as the effective tariff rate declined to 12.5% from 30%, the chamber said.
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