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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

TIA 2.0 aims to spearhead innovation

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The Technology Innovation Agency (TIA), an entity of the Department of Science, Technology and Innovation (DSTI), is entering a new stage for the agency, TIA 2.0, to position the agency at the forefront of innovation and drive economic growth and sustainable development. Speaking at a media engagement, in Sandton, on June 2, TIA chairperson Loyiso Tyira explained that this was a completely new way of working for the agency, differing from TIA 1.0, by adopting a systems-based approach and a quadruple helix model of innovation, which was cognisant of the fact that a working innovation system required an all-of-society method.

South Africa meeting fiscal, structural reform targets, Treasury DG Pieterse assures

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South Africa has demonstrated that it can deliver on its fiscal targets and its structural reform agenda, and the benefits of latent improving fiscal credibility are already evident in the form of lower borrowing costs and a stronger currency, National Treasury director-general Dr Duncan Pieterse has said. According to the National Budget tabled in February, South Africa's debt-to-GDP ratio stabilised for the first time since before the 2008 global financial crisis, and was expected to decrease to 76.5% by 2028/29. The country also posted a third consecutive primary surplus, he said in a prepared speech.

Middle East tensions interrupt business confidence recovery – report

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The Business Confidence Index (BCI) published by financial services firm RMB and economic research organisation the Bureau for Economic Research (BER) fell by eight points to 39 in the second quarter, reversing the gains recorded over the previous two quarters and leaving the index just below its long-term average of 40. The index indicates that, while the recovery in business sentiment has lost momentum, confidence remains well above the recent low of 27 reached in the second quarter of 2023.
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