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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

JSE plans overhaul to encourage smaller listings

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The operator of the JSE has proposed easing some listing requirements in a bid to encourage smaller companies to the bourse, removing some of the red tape it says has become an obstacle. The exchange intends to split its main board into two — what it called a Prime Segment and a General Segment — as part of efforts to streamline regulations to better suit the needs of smaller firms, the JSE said in a statement.

New boost for platinum group metals may arise from eFuel scale-up

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The emerging use of electrofuel (eFuel) as an interchangeable substitute for petrol, diesel and aviation fuel has the potential to create important new demand for Southern Africa’s platinum group metals (PGMs). This is because eFuel is a combination of green hydrogen and waste carbon dioxide (CO2) and demand for PGMs will arise when proton exchange membrane (PEM) electrolysers are used to generate the green hydrogen. PGMs and PEMs go hand-in-glove.

Will the Zimbabwe Gold, or ZiG, restore currency confidence?

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The heightened sense of urgency within Zimbabwe’s government to act as the country’s currency crashed – losing 90% of its value since the beginning of the year – was there for all to see in the past few weeks. The latest tell-tale sign was the assumption of office of the new central bank governor on March 28, a month earlier than the scheduled departure of his predecessor, to expedite the launch of a new unit. Unveiled on April 5 and set to enter into circulation by month-end, the Zimbabwe Gold (ZiG) is described by the Reserve Bank of Zimbabwe (RBZ) as a “structured currency” that is backed by $285-million worth of reserve assets comprising $100-million in greenbacks, 1.1 t of gold in the bank’s vaults and an additional 1.5 t held abroad, as well as other precious metals.

South Africa to keep anti-dumping duties on chicken imports from US

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South Africa’s trade minister approved a recommendation to maintain anti-dumping duties on frozen bone-in chicken portions originating in or imported from the US. Following an investigation that started in December 2022, the International Trade Administration Commission of South Africa, known as ITAC, concluded that the expiry of duties on these poultry portions would likely lead to the continuation or recurrence of dumping, and material injury to the chicken industry in the Southern African Customs Union, according to a Government Gazette Notice.

Scatec inaugurates 540 MW Kenhardt solar farm

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Norwegian renewable energy company Scatec has inaugurated the 540 MW Kenhardt solar farm in the Northern Cape. In his keynote address at the event, on April 18, CEO Terje Pilskog commended how far the site has come to producing electricity for South Africa’s grid and reiterated the company’s commitment to the local market.
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