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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 lauds US trade-pact benefits as Senate vote looms

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South Africa’s government welcomed the approval of a US preferential-trade deal before a key vote in the Senate, where Pretoria has faced opposition to its continued inclusion in the pact. The House of Representatives approved the three-year extension of the African Growth and Opportunity Act, which expired in September, by 340 votes to 54 on January 12. The legislation, which grants tariff-free access to more than 1 800 products from 32 countries, is expected to go before the Senate early this year before it’s handed to President Donald Trump for his signature. “The current renewal, while short, provides the necessary relief to companies in the context of the tariffs implemented by the US,” South African Trade, Industry and Competition Minister Parks Tau said in a statement late Tuesday. Pretoria and other AGOA-eligible countries have advocated for a long-term renewal of the pact with all countries in the programme.

Fifth Canada-Africa Business Conference to be hosted by Namibia next month

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The Canada-Africa Chamber of Business will be holding the fifth Canada-Africa Business Conference in Windhoek, the capital of Namibia, on February 5. The conference will have a strong focus on mining, energy, infrastructure and sustainable development, and will see the participation of investors, senior executives, policymakers and institutional partners from across Africa and Canada. “Namibia has built a strong reputation as a jurisdiction where mining investment can be undertaken responsibly, transparently, and in partnership with government and communities,” explained Country Manager of B2Gold Namibia John Roos. “The Canada-Africa Business Conference provides a valuable platform for practical dialogue between operators, investors, and policymakers, helping to advance projects that contribute to long-term national development, which we are pleased to support.”

South African rand buoyed by gold prices as markets mull US inflation prints

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The South African rand was lifted by record high gold prices in early trade on Wednesday, while global markets continued to assess key US inflation indicators which could offer more clues on the Federal Reserve's interest rate trajectory. At 0805 GMT the rand traded at 16.3525 against the dollar, up roughly 0.2% on Tuesday's close. Gold, a major South African export, climbed on Wednesday to a record, while silver breached the $90 mark for the first time. The U.S. dollar last traded flat against a basket of currencies as traders analysed softer-than-expected US inflation readings while awaiting core Producer Price Index data for December due later in the day.

Davos to see record attendance, 65 heads of State – WEF

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The fifty-sixth Annual Meeting of international organisation the World Economic Forum (WEF), to be held in Davos, Switzerland, from January 19 to 23, is expected to attract record levels of governmental participation, including 400 top political leaders, 65 heads of State and government, six of the Group of Seven (G7) nations' leaders and nearly 850 of the world’s top business leaders. At a pivotal moment for global cooperation, high-level government representation is expected from all key regions, including G7 nations and heads of State from countries central to dialogue on critical global situations – from Ukraine to Gaza and the broader Middle East, and beyond, the WEF says.

Global economy shows resilience amid historic trade, policy uncertainty

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The global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty, the World Bank’s latest Global Economic Prospects report states. Global growth is projected to remain broadly steady over the next two years, easing to 2.6% this year before rising to 2.7% in 2027. The World Bank says the resilience reflects better-than-expected growth, especially in the US.
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