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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

Premier records strong interim performance

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JSE-listed Premier Group’s operating profit increased by more than 50% in the six months ended September 30, its first year with Rhodes Quality and Bull Brand in the family, with the group having maintained a robust balance sheet and having commissioned a new bakery in Middelburg, Mpumalanga. Premier took on RFG Holdings’ debt in the R6.5-billion acquisition completed in March, but maintained its leverage at 0.7x, in line with pre-acquisition levels, as cash generated from operations rose by 43% to R1.8-billion.

Eskom’s Koeberg Unit 2 passes containment leak test, achieving critical safety milestone

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State-owned power utility Eskom has reported that Unit 2 of its Koeberg nuclear power station, in Cape Town, successfully passed the integrated leak rate test (ILRT), confirming the structural integrity and leak-tightness of the containment building. The utility says the ILRT, which is a mandatory test conducted every ten years as part of Koeberg’s ongoing mandatory licensing requirements, confirmed that Unit 2 met all the required acceptance criteria, thereby validating the continued integrity and performance of the containment structure.

Third-quarter unemployment rate increases to 33.7%, youth figure decreases

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South Africa's official unemployment rate increased to 33.7% in the third quarter, from 33.6% in the second quarter, data published by Statistics South Africa (Stats SA) shows. The latest Quarterly Labour Force Survey shows that the number of employed persons had increased by 101 000 to 16.8-million in the third quarter, while the number of unemployed persons also increased, by 97 000, to 8.6-million.
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