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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

Nelson Mandela Bay business chamber urges decisive action to unlock small business growth

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As Finance Minister Enoch Godongwana prepares to deliver the Mid-Term Budget Policy Statement on Wednesday, he is in a position to signal decisive action that can unlock South Africa’s economic potential, says Nelson Mandela Bay Business Chamber CEO Denise van Huyssteen. She says that the micro, small and medium enterprise (MSME) sector holds tremendous potential to drive inclusive economic growth, create jobs and stimulate innovation.

Mining, agriculture segments underpin Omnia’s strong interim performance

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Chemicals group Omnia Holdings says it delivered a strong performance from its core mining and agriculture segments for the six months ended September 30, reflecting growth across diversified global markets. The group’s operating profit increased by 12% to R900-million from R802-million in the interim period of the prior financial year, while the margin increased to 8% from 7.3% despite the impact of extended supplier shutdowns.

World Bank-backed ‘payment for performance’ grant launched for metros

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South Africa’s eight metropolitan municipalities are now able to tap into a new National Treasury grant, backed by World Bank funding of $925-million (about R16-billion), if they are able to show tangible service-delivery progress in the areas of water supply and sanitation, electricity, and solid waste management. Finance Minister Enoch Godongwana reports that the six-year Metro Trading Services programme has been designed to support the turnaround of essential services in the metros of Buffalo City, Cape Town, Ekurhuleni, Johannesburg, Tshwane, eThekwini, Mangaung, and Nelson Mandela Bay.
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