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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

Goldman sees room for South Africa asset rally on credit upgrade

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Markets are not pricing in the probability of South Africa’s return to investment grade, leaving scope for government bonds, stocks and the rand to rally, according to Goldman Sachs Group Inc. The country could regain its investment status as soon as 2028 as ratings companies reward its improving finances and economic growth, a Goldman team including economist Andrew Matheny wrote in a note. “Our baseline is that South Africa regains its first IG rating in 2028, albeit with two-sided risks to timing,” Matheny said. “Markets at this stage in our assessment largely do not price this in.” Goldman’s analysis suggests scope for the government 10-year local-currency yield to fall more than 100 basis points to 7.6%, and the sovereign spread, or yield premium of dollar bonds over US treasuries, to outperform investment-grade emerging markets. Five-year credit-default swaps, at around 116 basis points on Tuesday, may fall to about 100 basis points, the analysts wrote.

Nersa approves Sasol Gas’s price application for the 2027, 2028 financial years

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The National Energy Regulator of South Africa (Nersa) has announced that it has considered and approved Sasol Gas’s application for maximum gas prices for the 2027 and 2028 financial years. Nersa, however, decided to defer its final consideration of Sasol Gas’s application for maximum gas prices for the 2028/29 and 2029/30 financial years.

Biomanufacturing training hub for Southern Africa to be established with EU grant – CSIR

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South Africa's Council for Scientific and Industrial Research (CSIR) and the German Development Bank (KfW) have signed a grant agreement to establish the Southern African Biomanufacturing Training Hub to strengthen biomanufacturing capabilities in the region. The grant is provided by the EU as part of its Global Gateway flagship project, which focuses on manufacturing and improving access to vaccines, medicines and health technologies.

Global air passenger growth continued in July, despite ongoing tensions in the Middle East

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The global representative body for the airline industry, the International Air Transport Association (IATA), has reported that total global air passenger demand in July increased by 0.2%, in year-on-year terms. If the Middle East was excluded, total demand rose by 1.2%. Total international demand, however, declined by -0.1%, although, again, the exclusion of the Middle East transformed the picture to growth of 1.5%. Domestic demand increased by 0.2%. Total global passenger capacity rose by 0.3%, year-on-year, in July. The increase in international capacity was also 0.3%, while domestic capacity went up by 0.2%.

Capitec to list on A2X Markets

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Diversified financial services group Capitec has been approved for a secondary listing on licensed stock exchange A2X Markets, with its shares to be available for trade on the A2X from September 7. The company will retain its primary listing on the JSE. The secondary listing on the A2X is expected to broaden investor access to Capitec’s ordinary shares by providing an additional regulated trading venue, thereby enhancing shareholder choice and supporting liquidity in the company's ordinary shares. 
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