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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

BLSA reports encouraging recovery in reform momentum

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Business Leadership South Africa’s (BLSA’s) ongoing tracking of South Africa’s key economic and governance reforms points to a recovery in momentum in the July-to-September quarter. The BLSA Reform Tracker Quarterly Review, which tracks changes in the reform basket as deliverables are completed, reports that the completion index rose to 72.5 in the period, from 71.3 in the previous quarter.

Chinese car sales overtake Japanese car sales in Europe

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The Japan Times reports that Chinese automakers have outsold Japanese car manufacturers in Europe for the first time over a full quarter. Registrations of Chinese-branded cars roughly doubled from a year earlier in September to make up 12.7% of total sales across the region, led by hybrids, says market researcher Dataforce.

Agriculture boasts Q2 trade surplus of $2.14bn

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South African agriculture recorded a trade surplus of $2.14-billion in the second quarter of the year, marking an 11.6% year-on-year improvement. Agriculture South Africa and Agricultural Business Chamber find in their latest quarterly agriculture trade report that total agriculture exports reached $4.12-billion, which was a 9.1% year-on-year increase, while imports increased by 6.4% year-on-year to $1.98-billion. Horticulture remained the backbone of the quarter’s export economy, accounting for 51.3% of agricultural exports as the citrus season opened and lemon exports increased substantially. Strong performances were also recorded in maize, raw cane sugar, sheep meat and tobacco, while livestock recorded the largest proportionate movement of any sector, expanding 27.9% quarter-on-quarter as the red meat industry navigates market access.

IMF lauds South Africa’s fiscal gains, sees growth as next test

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The International Monetary Fund said South Africa is restoring fiscal credibility despite geopolitical risks, but needs to deliver faster economic reforms to lift investment and growth. Africa’s largest economy has shown genuine resilience in the face of an energy shock caused by the Iran war, Tidiane Kinda, the IMF’s resident representative to South Africa, said in an interview at Bloomberg’s Johannesburg offices on Tuesday. What is missing is investment. “There is a bit of a wait-and-see sort of attitude,” toward infrastructure spending, he said. “Increasing public investment would help support growth.” Finance Minister Enoch Godongwana cheered investors last week with a midterm budget outlook that showed debt peaked in 2025-26 and would decline in the years ahead, supported by better-than-expected revenue collection and moderate spending growth.
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