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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

South Africa’s renewed push for 5.2 GW of nuclear faces cost and flexibility questions

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Serious questions are being raised about the South African government’s plan to again initiate a process to procure 5.2 GW of new nuclear capacity following previous high-profile failures and given the far-reaching changes under way in the electricity supply industry. These changes include a phased transition towards a more competitive market design, where public procurement will progressively give way to commercial transactions, as well as strong signals of a growing need for far greater generation flexibility, represented by the shift that has taken place from loadshedding to curtailment.

Msikaba bridge set for 2029 completion, despite Concor entering business rescue – Sanral

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The South African National Roads Agency Limited (Sanral) does not anticipate any further delays in the completion of the Msikaba megabridge project despite one of the partners in the joint venture (JV) tasked with constructing the bridge entering business rescue. “Sanral can confirm that, following a meeting with creditors and other affected stakeholders that took place in October, the roads agency does not anticipate any delays in the projects’ completion time,” says Sanral spokesperson Lwando Mahlasela.    ​​​​

Mozambique-South Africa LNG terminal deal seen by January

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Rompco, a gas pipeline company that transports South Africa’s only supply of the fuel from Mozambique, expects to conclude an agreement by January for a new liquefied natural gas terminal, its chief executive officer said. A memorandum of understanding signed Thursday with Empresa Nacional de Hidrocarbonetos, the southeast African nation’s state oil company, precedes the formal agreement, Mlandzeni Boyce said in an interview. ENH didn’t immediately respond to a request for comment.

Metair warns of earnings hit as Durban port delays drive up costs

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JSE-listed automotive group Metair Investments has warned shareholders that severe congestion at the Port of Durban will heavily affect the company’s bottom line, estimating unrecoverable additional costs at 20% to 25% of its prior-year earnings before interest, taxes, depreciation and amortisation (Ebitda). The company says that, among other issues, the implementation of the new terminal operating system has severely disrupted container handling and equipment failures, while limited crane availability has compounded the problem, with delays at times reaching 20 days.

Seifsa calls for urgent action to halt industrial decline

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Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on government to act urgently to arrest the deterioration of the metals and engineering sector. In a media statement, the federation says falling production, underutilised capacity and mounting import pressure are weakening the industrial base, adding that government’s response remains too slow and fragmented for the scale of the threat.
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