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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

TNPA seeks private operator for Port of Cape Town’s liquid bulk terminal

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South Africa’s State-owned ports authority has initiated a bidding process for the appointment of a new private terminal operator at the Port of Cape Town’s existing liquid bulk terminal for a 25-year concession period. The brownfield site comprises a tank farm with eight storage tanks offering a combined storage capacity of about 44 430 m³, including an adjacent storage warehouse and administration building.

Improve the local auto industry’s ability to compete, rather than insulating it from ...

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The growing arrival of Chinese competition in the South African auto industry is not a concern, as competition in itself is not a problem, says WesBank senior economist Thanda Sithole. “Increased competition can be healthy. It can improve affordability, raise product quality, expand consumer choice and force incumbents to adapt.

Moody's sees South Africa debt stabilising as reforms boost outlook

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South Africa's improving fiscal performance and reform momentum should help government debt stabilise this year before gradually declining, Moody's Ratings said in a report dated Wednesday. Moody's said stronger revenue, spending restraint and improving funding costs supported the credit-positive shift, though debt above 80% of GDP continued to limit the government's ability to absorb shocks. Moody's rates South Africa at Ba2 with a stable outlook. Moody's forecast South Africa's general government deficit would narrow to 4.3% of GDP in 2026 and 3.8% in 2027, from 4.5% in 2025. Primary surplus is expected to rise to 1.8% of GDP in 2027, above its estimated 1.5% level needed to stabilise debt.

New initiative aims to grow pipeline of ‘bankable’ water and sanitation projects

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A newly formed government agency set up to mobilise private sector participation in public infrastructure has concluded a cooperation agreement with the International Finance Corporation (IFC) in a bid to unlock investments in water, sanitation and waste management projects, especially at the municipal level. Established in March, the Infrastructure Finance and Implementation Support Agency (IFISA) has consolidated the Public-Private Partnerships and the Capital Projects Appraisal Units of the Government Technical Advisory Centre, the Neighbourhood Development Partnership Programme of the National Treasury (NT) and the Infrastructure Fund - which was established by a memorandum of agreement between the Development Bank of Southern Africa, NT, and the Department of Public Works and Infrastructure, operating as a ring-fenced unit within the Development Bank of Southern Africa.
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