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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

South Africa’s defence industry is financially constrained, but resilient

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The role of the South African defence industry (SADI) in the national economy was recently unerscored by Trade, Industry and Competition Minister Parks Tau in a keynote address he delivered at the start of the recent Defence Industry Lekgotla, held at the Council for Scientific and Industrial Research’s International Convention Centre, in Pretoria, from July 20 to 22. “South Africa’s defence industry is not a niche sector standing apart from our industrialisation programme,” he highlighted. “It is one of its most advanced expressions. It sits at the frontier of manufacturing precision, systems engineering and technology sovereignty.”

Domestic food producer signs contract for LNG from Virginia project, ASPI says

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Nasdaq- and JSE-listed advanced materials company ASP Isotopes (ASPI) says oil and gas producer Tetra4 has entered into a contract for the sale of liquefied natural gas (LNG) to be produced at the Virginia gas project in the Free State. The LNG sale and purchase agreement is a five-year, take-or-pay contract with a South African food processor, and this offtake represents about 10% of the project's Phase 1 nameplate capacity.

South Africa's fuel stock policy will tie-up more working capital, expose traders to currency ...

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South Africa's proposed shift from voluntary to mandatory strategic petroleum stockholding may strengthen protection against fuel supply shocks, but will require importers to finance more stock and risk trapping the working capital needed to keep trade moving, says cross-border financial technology firm Verto. The dual-obligation model detailed in the gazetted Draft Strategic Petroleum Stocks Policy requires State strategic stocks equivalent to 60 days of net imports that will be managed by the South African National Petroleum Company, and 21 days of mandatory stocks for licensed wholesalers and importers.

Trust is the critical infrastructure that drives the economy – WCape Property Development Forum

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Trust is not simply a social value – it is the critical infrastructure that drives the economy, says Western Cape Property Development Forum chairperson Deon van Zyl. Speaking at the Western Cape Infrastructure Ministerial Roundtable held in Cape Town last week, Van Zyl said no amount of legal drafting or auditing could compensate for the absence of trust.

IDC sets R51.5bn disbursement target as it aligns strategy to new industrial thrusts

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South Africa’s Industrial Development Corporation (IDC) has set a target of disbursing R51.5-billion in funding over the coming three financial years having aligned its corporate plan to government’s new industrial strategy. In a presentation this week to Parliament’s Select Committee on Economic Development and Trade, acting COO David Jarvis reported that the State-owned development financier would continue to support established industries while seeking to catalyse future-focused value chains identified in the Industrial Development Strategy (IDS) of 2026.
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