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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

Cape Town space hardware specialist on expansionary flight path 

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Not many people know that South Africa is a rather heavyweight exporter of specialised spacecraft components and subsystems. Situated in Somerset West, Cape Town, 13-year-old NewSpace Systems (NSS) earlier this year expanded its operations by opening Africa’s largest commercial spacecraft hardware manufacturing facility.

IDC approaches National Treasury for explicit guarantee to bolster development mandate

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The Industrial Development Corporation (IDC) has confirmed that it has approached the National Treasury for an explicit guarantee, which it says will enable it to attract more concessional funding to meet its development mandate. The State-owned development financier has also approached the South African Revenue Service (SARS) to explore the prospect of being granted tax exemptions similar to those in place for the Development Bank of Southern Africa.

Hormuz-disrupted Foskor to continue to weigh on IDC after contributing to R4.7bn loss

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The State-owned Industrial Development Corporation (IDC) slumped to a R4.7-billion loss for its 2025/26 financial year from a profit of R329-million on the back of losses reported by associate companies and subsidiaries, notably Foskor. The phosphate rock miner and fertiliser producer’s Richards Bay acid plant was placed into care and maintenance during the year after the supply of sulphur and ammonia, which are key inputs, was heavily disrupted by developments linked to the US/Israel war on Iran.

Chery hosts 23 Chinese component makers in SA as it seeks to build a local parts network

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Chery group and Wuhu Chery Technology (Chery Tech) this week hosted its first supplier investment conference in Rosslyn, Pretoria, as part of the Chinese car maker’s efforts to build a localised automotive supply chain ecosystem in South Africa. Chery Tech is a Chery group business and focuses on auto parts manufacturing, supply chain management and automotive services.
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