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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

Multilateral and plurilateral models in focus amid global trade ructions

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The growing fragmentation of the global trading system, intensifying geopolitical conflicts and mounting pressure for global trade reforms have reignited debates about the future of multilateralism and the role of plurilateral trade agreements within global intergovernmental body the World Trade Organisation (WTO). These issues formed the core of a recent Trade and Industrial Policy Strategies (TIPS) webinar – held last month under the theme ‘Development Dialogue: Economic Diplomacy in a Changing World’ – during which policymakers, academics and trade experts examined the implications of shifting global trade power dynamics for developing countries, including South Africa.

Mulilo makes further inroads with Hartebeesfontein BESS financial close

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South African independent power producer Mulilo has successfully reached financial close on the Hartebeesfontein battery energy storage system (BESS) project, a 77 MW/308 MWh facility located near Klerksdorp, in the North West. This is Mulilo’s second renewable energy project to be executed within the Matlosana local municipality, which is strategically located near State-owned Eskom’s Hermes main transmission substation.

Creecy urges collaboration, LNG and ports reform at fuels imbizo

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Transport Minister Barbara Creecy has said that South Africa’s logistics recovery and long-term energy security would depend on the closer collaboration between government and the fuels industry, as the country works to reclaim its position as a leading regional transport and logistics hub. Addressing delegates on the second day of this year’s Fuels Industry Imbizo, hosted by industry organisation the Fuels Industry Association of South Africa (FIASA), the Minister described the fuels sector as one of the country’s most strategic industries owing to its role in enabling mobility, supporting trade and logistics and underpinning economic activity.

Ramokgopa to seek Cabinet approval soon to extend tariff discounts to more industries

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Electricity and Energy Minister Dr Kgosientsho Ramokgopa has indicated that he intends approaching Cabinet in the coming weeks to seek approval to extend concessional electricity tariffs similar to those that have already been approved for two ferrochrome producers to other electricity-intensive industries. In addition, he told delegates to a Steel and Engineering Industries Federation of Southern Africa (Seifsa) conference on June 11 that lower tariffs could also be made available to less electricity-intensive sectors such as steel; a sector which he described as strategic and where electricity costs had been flagged as one of the reasons for recent production closures.

Manufacturing production decreased by 2.9% y/y in April

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Statistics South Africa (Stats SA) has reported that manufacturing production decreased by 2.9% year-on-year in April. The largest negative contributor was basic iron and steel, nonferrous metal products, metal products and machinery that weakened by 6% year-on-year, subtracting 1.4 percentage points from overall growth.
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