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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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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

MTN South Africa, Investec, Electrum collaborate to introduce PayShap on MoMo

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Information and communications technology group MTN South Africa has partnered with Investec and Electrum to introduce the PayShap solution on its Mobile Money (MoMo) platform. The collaboration aims to provide users with an instant, cost-effective mobile payment system, with MoMo becoming the first non-banking player to offer PayShap, which will address a critical gap in serving the unbanked population.

Employee share ownership plans mark successes, learnings  

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Employee share ownership plans (ESOPs) or worker share ownership programmes have enjoyed several successes in South Africa, especially gaining traction in the past five years, and this needs to continue and be bolstered to reach more people and contribute to the country’s economic growth. Speakers highlighted this during the inaugural Worker Share Ownership Conference, held on April 23, in Sandton, Johannesburg.  

Gauteng govt rolls out 6.3 MWh of solar power at 27 healthcare facilities

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The Gauteng Provincial Government (GPG) has installed and commissioned a combined equivalent of six independent microgrid power plants through the installation of rooftop solar photovoltaic (PV) and battery storage at 27 prioritised health institutions across the province. The total combined capacity of these solar installations amounts to 6.3 MWh, while the combined battery storage component adds up to a total of 15.6 MWh. These have been installed at 11 public hospitals, nine primary health care clinics, and eight community healthcare centres throughout the province. A twenty-eighth facility will be integrated next month.

Unctad calls for innovative investment strategies as global crises fracture foreign investment

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Amid the complex landscape of global foreign direct investment (FDI), the United Nations Conference on Trade and Development (Unctad) has called for innovative investment strategies to foster inclusive and sustainable economic growth. In its report titled ‘Global Economic Fracturing and Shifting Investment Patterns’, the agency points to key FDI trends that have evolved over the past two decades.
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