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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

Vodacom starts Vision 2030 strong as double-digit earnings reported for year

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JSE-listed Vodacom Group on Monday said it has had a strong start to its Vision 2030 strategy, after delivering double-digit earnings growth for the year ended March 31. During the year under review, the group’s earnings before interest, taxes, depreciation and amortisation (Ebitda) increased 14.2% on a normalised basis, and 12.8% on a reported basis, to R62.63-billion, with its Ebitda margin increasing 0.9 percentage points to 37.4%.

Deals and new partnerships on the menu at Africa-France summit

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French President Emmanuel Macron and more than 30 African leaders kicked off a summit in Kenya on Monday aimed at diversifying Paris' partnerships on the continent and clinching new investment deals. The Africa Forward Summit is the first France has organised in an English-speaking nation since it began holding such events in the 1970s and follows a series of setbacks in former colonies in West Africa that have moved to reduce French influence.

Hillside’s marks 30 years amid push for long-term power solution

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Diversified miner South32’s Hillside Aluminium smelter in Richards Bay, KwaZulu-Natal, could continue operating for another 20 to 30 years if a competitive long-term electricity agreement is secured with State-owned power utility Eskom. This was stated by South32 executives at a gala event to celebrate the smelter's 30 years in operation. During a media briefing, South32 CEO Graham Kerr said the decision to build the Hillside Aluminium smelter in the early 1990s required courage and belief in South Africa’s future at a time of political and economic uncertainty, adding that the smelter has since become a key contributor to industrialisation, employment and regional economic development.

Tau to designate new Limpopo SEZ following Cabinet approval

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Trade, Industry and Competition Minister Parks Tau reported on Friday that he would designate the Fetakgomo Tubatse Special Economic Zone (FTSEZ), in Limpopo, following Cabinet’s approval of the zone earlier in the week. Located in the Sekhukhune district, FTSEZ covers a total of 1 000 ha, and Tau said in that statement that it would serve as an industrial hub for investments in the mineral beneficiation, energy, agriculture, and automotive sectors.
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