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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

NTCSA, IDC seek to catalyse localisation on back of big grid roll-out

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The National Transmission Company South Africa (NTCSA) and the Industrial Development Corporation (IDC) have signed a memorandum of understanding aimed at unlocking industrial financing to NTCSA-verified suppliers and contractors involved in the expansion of South Africa’s electricity transmission network. In a joint statement, the two State-owned entities indicated that they would seek to use the funding to stimulate supplier development, localisation and industrialisation, with a particular focus on commodities such as transformers, insulators, hardware, transmission steel, conductors, and broader grid infrastructure construction.

Competition Commission refers Multichoice, Altech to Tribunal

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The Competition Commission, in a statement on Monday, said it has referred a complaint against MultiChoice South Africa and Altech UEC South Africa to the Competition Tribunal for prosecution, seeking an administrative penalty of up to 10% of their respective yearly turnovers. The Competition Commission lodged the complaint with the Competition Tribunal on April 15, alleging that MultiChoice and Altech entered into an agreement to divide markets by allocating suppliers and/or specific types of goods or services, which is in contravention of section 4(1)(b)(ii) of the Competition Act 89 of 1998, as amended.

BLSA CEO calls for scrapping of BBBEE amendments to support manufacturers

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Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has warned of possible consequences for manufacturers, from the Department of Trade, Industry and Competition’s (dtic’s) proposed amendments to the country’s Broad-Based Black Economic Empowerment (BBBEE) regulations. Writing in her latest weekly newsletter, Mavuso points out that original-equipment manufacturers (OEMs) have spent years building local supply chains, deliberately including majority black-owned businesses as part of their transformation commitments.

Absa PMI rises by 3.6 points in April following weak first quarter

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The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose above the neutral 50-point mark for the first time since September 2025, increasing to 52.6 in April, from 49 in March. The improvement was driven by a rebound in both business activity and new sales orders, pointing to a stronger start to the second quarter following a weak first quarter.
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