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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

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.

Major pipe burst impacts Palmiet booster station

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A major burst on the B4 Pipeline is affecting water supply to the Palmiet booster pumping station, Rand Water reported on Thursday. The burst pipe, which occurred at about 06:00 on Thursday, led to a reduction in pumping operations at the Palmiet station to 70% of normal capacity, which may impact water supply to the areas served by the station.

Eskom warns grid reform may jeopardise finances, rattle lenders

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South Africa should hold off on transferring assets from Eskom to a separate transmission company until the government addresses risks to the State power utility’s finances and its lenders, according to its chairperson. While Eskom’s board backs the creation of an independent transmission system operator (ITSO) that would oversee the wholesale electricity market and provides fair access to the grid, it only wants the company to have to cede ownership of the transmission infrastructure once key financial hurdles have been cleared, Mteto Nyati said. He warned that the transfer could trigger change-of-control provisions in lending agreements, give rise to accounting complications and unsettle bondholders.

Sappi expects fourth-quarter results to be materially above that of the third quarter – Binnie

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JSE-listed woodfibre-based products company Sappi CEO Steve Binnie has said the company expects to post fourth-quarter results – for the three months to September 30 – that will be materially above that reported on August 6 for the third quarter to end June. During a conference call to present the company's results for the three months to June 30, he said that, despite challenging market conditions, the teams delivered disciplined cost-containment and encouraging sales performance.
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