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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

Stocks & Strauss closes R400m University Technology Fund II

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Early-stage companies investment firm Stocks & Strauss has reached final close of the R400-million University Technology Fund (UTF) II. The close raises the total capital across its university-linked early-stage investment platform to more than R700-million and deepens a dedicated pathway for commercialising innovation emerging from tertiary institutions, the company says.

Hyprop on track to deliver 10% to 12% growth in full-year distributable income

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JSE-listed retail-focused real estate investment trust (Reit) Hyprop Investments says it remains on track to deliver growth in distributable income per share (DIPS) of 10% to 12% for the financial year ending on June 30. In a pre-close operational update on the five-month period to end-May, the company says its liquidity position is strong, with R1.7-billion in cash and R2-billion in available bank facilities.

dtic exceeds investment target by 44%, talks up vast economic potential

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During his budget vote address on June 23, Trade, Industry and Competition Minister Parks Tau noted that the Department of Trade, Industry and Competition (dtic) and its entities attracted R647-billion in investment in the 2025/26 financial year against a target of R450-billion – exceeding the target by 44%. At the Sixth South Africa Investment Conference in March, Tau noted, R415-billion in new investment projects were recorded.

Gap between policy intent and action must be closed to halt deindustrialisation

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Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Mervyn Naidoo has called on government to urgently close the prevailing gap between its stated commitment to support industrialisation through localisation and the manner in which public procurement is being implemented. “The problem is not the rhetoric,” Naidoo argued at a Seifsa event in Johannesburg on June 24, attended by government officials.
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