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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

AU Assembly calls for African countries to adopt a new map projection

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The thirty-ninth Ordinary Session of the Assembly of the African Union (AU) has voted to adopt the Equal Earth projection for maps, on the grounds that it is a more fair and proportionate method of showing Africa’s true size and geographical significance in the world. Other projections, most notably the widely-used Mercator projection, make Africa – in reality the world’s second biggest continent – look smaller than it really is. This step follows a campaign by a partnership between the Correct the Map, Africa No Filter, and Speak Up Africa initiatives. “We need a new political map of Africa that shows its true size and place in the world,” pointed out Togolese Foreign Minister Professor Robert Dussey. “A fair representation of Africa is essential for global awareness, education, and geopolitical understanding.”

South African assets rally in early deals as US-Iran ceasefire lifts risk appetite

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South Africa's rand, government bonds and stocks surged on Wednesday, paring some losses amassed since the start of the Iran war after US President Donald Trump agreed to a two-week ceasefire, a move that eased fears of energy-driven inflation. Trump's turnaround came shortly before a deadline he had set for Iran to reopen the Strait of Hormuz - a key shipping route for about 20% of global oil - or face widespread attacks on its civilian infrastructure.

Oil dives below $100, stocks jump after two-week ceasefire agreed

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Oil prices slid, stocks and bonds surged while the safe-haven dollar was knocked back on Wednesday, as a two-week Middle East ceasefire brought some relief to markets on hopes for a resumption of oil and gas flows through the Strait of Hormuz. The news capped weeks of market volatility and geopolitical upheaval after US and Israeli strikes on Iran at the end of February pushed tensions to the brink, with Tehran effectively choking off the strategic waterway that typically carries about 20% of the world’s energy supplies.

DPWI vows action on unlawful occupation of Knoflokskraal in the Western Cape

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Following years of unlawful occupation, weak enforcement and failed interventions at Knoflokskraal, in the Western Cape, Public Works and Infrastructure Minister Dean Macpherson has outlined a clear, structured plan to address the issue. In a media briefing on April 7, he pointed out that the land, which was initially earmarked for forestry purposes, was first unlawfully occupied in 2020 and has since grown into an unsanctioned large-scale settlement on State-owned land with about 4 000 structures and about 15 000 to 20 000 residents occupying the space.

Ferrochrome venture again extends retrenchment deadline following Eskom request

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The Glencore-Merafe Chrome Venture has agreed to further extend the date for the termination of Section 189 retrenchment consultations under way with workers at its ferrochrome smelters – this time to April 9. The revised timeframe follows an initial extension from March 31 to April 7 announced last week and was confirmed in a statement issued by JSE-listed Merafe.
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