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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

Imports putting pressure on vehicle, component production – Metair

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Rising vehicle imports from China and India are placing pressure on production volumes at South Africa’s local vehicle manufacturers, with this pressure spilling over to component manufacturers, says Metair CEO Paul O’Flaherty. Speaking at the component manufacturer’s interim results announcement for the six months ended June 30 on Wednesday, O’Flaherty noted that Metair managed a “very solid performance” despite two of its main customers showing a decline in vehicle production from peak levels.

Closing transformational year, Blu Label looks to growth

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JSE-listed Blu Label Unlimited Group on Wednesday said that its reported results for the year ended May 31, 2026, were materially affected by the impact of IFRS(R) Accounting Standards arising from the culmination of the multi-year restructuring and separate listing of Cell C, as well as the unbundling of Comm Equipment Company (CEC). However, Blu Label joint CEO Brett Levy assured that the group has emerged with a simplified structure and a sharpened focus on its cash-generative digital platforms, which remain resilient.

Growthpoint achieves 13th net-zero carbon certification

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JSE-listed real estate investment trust (Reit) Growthpoint Properties has received a net-zero carbon certification for its 36 Hans Strijdom avenue property, in Cape Town – marking the company's thirteenth net-zero carbon certified building. The property achieved a Net Zero Carbon Level 2: Occupant Emissions Modelled certification from the Green Building Council South Africa (GBCSA), which complements the building's 5-Star Green Star SA rating from the GBCSA and marks another milestone in Growthpoint's broader strategy of repositioning existing assets for a lower-carbon future.

IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns

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The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund (IMF) MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown by rising bond yields and a stalled disinflation process. Georgieva told reporters in a briefing ahead of next week's Group of 20 finance leaders meeting in Asheville, North Carolina, that there was a "tug of war" between the negative Gulf energy supply shock and growth tailwinds from the artificial intelligence investment boom that was starting to spread beyond US borders.

South African miners accelerate shift to renewable power to cut Eskom reliance

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South Africa's mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of reliance on state utility Eskom. Anglo American and Sibanye-Stillwater are among the firms reducing their dependence on a national grid dominated by ageing coal-fired power plants that has struggled in recent years to keep Africa's most advanced economy running.
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