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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

N2 bridge projects delayed by struggling local steel sector, construction challenges – Sanral

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Construction work on the multibillion-rand Mtentu and Msikaba bridge projects in the Eastern Cape are both facing renewed delays, says the South African National Roads Agency Limited (Sanral). The mega-bridges form part of Sanral’s N2 Wild Coast road project, which entails the construction of a 410 km stretch of road from East London to the Mtamvuna river on the border of the Eastern Cape and KwaZulu-Natal provinces.

Nersa approves higher electricity hikes for 2026/27 after R54.7bn error

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The National Energy Regulator of South Africa (Nersa) has officially confirmed that the average tariff increase for Eskom direct customers will rise by 8.76% on April 1 and by 9.01% for municipalities on July 1. The confirmation follows the March 5 approval by the Energy Regulator, Nersa’s highest decision making structure, of the Eskom Retail Tariffs and Structural Adjustment (ERTSA) application.

NEF, BMF sign MoU to bolster economic participation, leadership development

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Government organisation the National Empowerment Fund (NEF) on February 28 signed a memorandum of understanding (MoU) with the nonprofit Black Management Forum (BMF), with the aim of having each party leverage their respective mandates, resources and networks to foster sustainable and inclusive economic empowerment, skills development, enterprise growth and transformation at both managerial and ownership levels. The two entities have agreed to cooperate in several areas.

DBSA appointed to support establishment of Credit Guarantee Vehicle

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The Development Bank of Southern Africa (DBSA) has been mandated by the National Treasury to host a ring-fenced project implementation unit to support the establishment of South Africa's Credit Guarantee Vehicle (CGV) – a new credit enhancement mechanism designed to unlock private investment in strategic infrastructure projects. Structured with an initial target capitalisation of about $500-million, the vehicle will, once operational, provide credit guarantees to enhance the bankability of qualifying infrastructure projects.

GDP increased by 0.4% in the fourth quarter; by 1.1% for 2025

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South Africa’s gross domestic product (GDP) increased by 0.4% in the fourth quarter of 2025, following an increase of 0.3% in the third quarter of 2025. The finance, real estate and business services industry increased by 1.4%, contributing 0.3 of a percentage point. Increased economic activities were reported for other business services; financial intermediation, insurance and pension funding; auxiliary activities; and real estate activities.
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