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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

CDE report says Joburg budget is ‘disconnected from reality’, with water failures biggest risk

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With unpaid bills owed to the City of Johannesburg rising from about R15-billion in 2014/15 to nearly R72-billion in 2024/25, the Centre for Development and Enterprise (CDE) cautions that the City’s budget is “increasingly disconnected from reality”. In the second issue of the independent think tank’s new report series, ‘Johannesburg Matters: Fixing South Africa’s growth engine’, which highlights the multiple crises confronting the City of Johannesburg and presents recommendations, the CDE warns that the City is falling into a dangerous financial spiral.

Transnet puts Carlton Centre, golf courses up for sale alongside 12 other properties

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State-owned rail operator Transnet has invited requests for proposals (RFPs) for 15 noncore properties, including the Carlton Centre, in Johannesburg; the Bloemfontein Golf Course, in the Free State; the Avion Park Golf Course, in Ekurhuleni, Gauteng; and the Umlazi Mall Megacity, in KwaZulu-Natal, among others. National departments, provincial departments, municipalities, State-owned companies and other public entities are afforded the first right of refusal to express an interest in acquiring, using, leasing, or otherwise taking transfer of the said properties for public sector purposes.

Applications to Digital Skills Impact Fund now open at all times

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The fixed application windows of the Digital Skills Impact Fund have been scrapped and employers of entry-level digital skills and digital skills training providers can apply at any time for financial support for programmes that result in recognised digital qualifications and permanent employment for youth, says National Digital Skills Plan coordinating body Collective X. The move away from funding windows reflects the growth and maturity of the Digital Skills Impact Fund since its launch in 2024. To date, more than 1 800 young people have participated, or are currently participating, in programmes supported through the fund across all nine provinces.

Tsingshan may triple output at its Zimbabwe steel plant

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Tsingshan Holding Group is considering as much as tripling output at a Zimbabwe steel plant it started in 2024, an expansion that could add to pressure on South Africa’s struggling steel industry as much of its production is exported to that country. Output of the Manhizhe steel plant, 205 kilometers (128 miles) southeast of the capital Harare may be raised to as much two-million tons from 600 000 t currently, said Benson Xu, chief executive officer of Tsingshan’s Zimbabwean unit.

Aveng returns to operating profit, appoints new CEO as focus remains on restoring fundamentals

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JSE-listed Aveng has reported revenue of A$2.3-billion, or R26.4-billion, for the year ended June 30, which was 12.4% lower than the prior year, reflecting the anticipated softening of infrastructure markets in Australia and New Zealand. Group interim CEO David Simpson noted, however, that the group returned to an operating profit with improved performance across the portfolio of projects while maintaining a robust work-in-hand position.
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