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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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

Five provinces now load reduction free – Eskom

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State-owned Eskom says it has reached an important milestone in its nationwide Load Reduction Eradication Programme, with five of the country's nine provinces now free from load reduction. To date, more than 1.1-million customers have been removed from load reduction schedules, representing a 65.17% performance towards the programme's load reduction eradication target.

Treasury launches investigation into allegations made at Madlanga Commission

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Following testimony presented to the Madlanga Commission that raised allegations of improper conduct involving a former National Treasury employee, Treasury has appointed external forensic investigators to conduct an investigation. It has been alleged at the Madlanga Commission that a former employee improperly influenced the awarding of various transversal contracts during his time at Treasury. In light of the seriousness of the allegations presented, Treasury has initiated an investigation into the awarding of transversal contracts concluded during this period.

Eskom, Rand Water to start Phase 2 of water infrastructure maintenance programme

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National power utility Eskom and water utility Rand Water will start on Phase 2 of their joint planned infrastructure maintenance programme from 07:00 on July 17. The work will conclude at 19:00 on July 19 and will include Eskom-related electrical maintenance at the Zuikerbosch water purification plant and cross-connections from the old to the new pipelines.

Manufacturing organisations call for clarity on treasury’s comments on manufacturing, employment

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Industry bodies the Steel and Engineering Industries Federation of Southern Africa (Seifsa), the Manufacturing Circle and the Powerline and Substation Association (Polasa) have noted, with concern, recent public comments attributed to the director-general of the National Treasury suggesting that manufacturing is unlikely to be the primary source of future employment growth in South Africa. “While we acknowledge that the structure of modern economies is evolving and that sectors such as services, tourism and construction have an important role to play in driving economic growth and employment, this comment nevertheless raises important questions regarding the coherence and consistency of South Africa's economic policy direction,” the parties express.

South Africa ties R3.6bn Johannesburg funding to debt plan

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National Treasury said it will release funding that’s been withdrawn from dozens of municipalities after they’ve submitted plans on how they’ll pay their debts. The Treasury on Tuesday withheld R13.5-billion from 69 municipalities including Johannesburg, the country’s economic hub, that are struggling to manage their finances. The measure was taken to instil fiscal discipline, reduce irregular and wasteful expenditure and ensure that municipal officials are held accountable, it said.
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