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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

Labour Minister pushes youth jobs agenda, tougher stance on undocumented workers

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Employment and Labour Minister Nomakhosazana Meth says her department is intensifying efforts to tackle unemployment through a combination of employment programmes, skills development initiatives and labour market reforms aimed at improving opportunities for South Africans. Speaking during a June 1 Government Communication and Information System (GCIS) Deep Dive media briefing, she said South Africa continued to face a "missing jobs crisis", despite signs of economic stabilisation and improving investor confidence.

Tiger Brands delivers robust interim results

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Packaged goods company Tiger Brands has delivered a robust performance for the six months ended March 31, with strong volume growth, a double-digit operating income improvement and a notable return on equity (RoE) improvement. The company explains that the consumer environment remained competitive for the first half of the current financial year, with continued value-seeking behaviour driving buying patterns.

Petrol prices to increase, but some relief for diesel prices

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The prices of petrol 93 and 95 (ULP and LRP) are both set to increase by R1.43 a litre, effective June 3, while diesel prices are set to decrease by R3.25 a litre (0.05% sulphur) and R2.62 a litre (0.005% sulphur). The fuel price adjustments are attributed to several reasons, including the increase in the average Brent crude oil price $104.59/bbl during the period under review, from $101/bbl, owing to the continued tension between the US and Iran and the closure of the Strait of Hormuz.

EU aims to use investor roadshow to convert €12bn pledge into South African projects

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The EU, which announced a €12-billion investment package for South Africa in October, is undertaking investment roadshows in Johannesburg, Cape Town and Durban this week as part of efforts to convert the high-profile investment pledge into firm projects. The EU and South Africa signed the Clean Trade and Investment Partnership (CTIP) in November last year, alongside a memorandum of understanding on sustainable minerals and metal value chains.

Opinion: Why Eskom's carbon intensity may become the biggest strategic challenge for South ...

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In this article, EE Business Intelligence MD Chris Yelland writes that the immediate impact of the EU's Carbon Border Adjustment Mechanism (CBAM) on South African exports is relatively limited, but as the CBAM is expanded over time, the country may face significant impacts from the possible inclusion of indirect emissions associated with electricity consumption.
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