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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

Outa takes government to High Court over Aarto Phase 2 implementation

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The Organisation Undoing Tax Abuse (Outa) has announced that it has initiated an urgent application to the High Court to put the implementation of the Administrative Adjudication of Road Traffic Offences (Aarto) second phase on hold. Outa believes that government is bringing the amended legislation into force although it has not yet set up the legal safeguards that motorists have the right to have. In the application, the organisation is asking the Court to pause Aarto Phase 2 until government ...

Stage 1 of the Olifants Management Model Programme reaches mezzanine debt financial close

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The Badirammogo Water User Association (BWUA) on Tuesday said that it has passed a significant financing milestone for one of South Africa’s largest water infrastructure programmes. Stage 1 of the R25-billion Olifants River Management Model (OMM) Programme has achieved financial close with its mezzanine debt lender, climate-focused blended finance investment manager Climate Fund Managers.

PIC board welcomes FSCA oversight

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The board of the Public Investment Corporation (PIC) says it welcomes the Financial Sector Conduct Authority's (FSCA's) ongoing supervisory engagement and confirms that it has furnished the FSCA with the information and documentation it requested on the whistleblower report and associated governance process. The FSCA on July 14 announced that it would conduct an investigation into developments at the PIC in terms of Section 135 of the Financial Sector Regulation Act.

Regional integration, standardised technology and ecosystems to lead to manufacturing growth

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Manufacturing is the backbone of any successful industrial economy, but domestic demand is typically insufficient to develop sustainable industrial sectors. To achieve the industrial development Africa, and South Africa, is aiming for, industrial ecosystems must be created, speakers said during the first day of the thirteenth Manufacturing Indaba, held in Sandton, Gauteng, on July 14. “In the future, we want to be processing our own resources, making higher-value products, expanding supply chains and creating industries and jobs and wealth. To achieve this, we need to develop stronger regional trade form strategic partnerships and ensure sustained investment in productive capacity, modern technology and critical skills,” Deputy President Paul Mashatile told delegates.

PPC appoints seasoned investment banker to its board

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Cement maker PPC has appointed Nick Pagden as a nonexecutive director and a member of its investment committee, with effect from October 1. Pagden has over 40 years of investment banking experience. He holds a BComm (with a Certificate in the Theory of Accounting) from the University of Cape Town and is a chartered accountant registered with the South African Institute of Chartered Accountants.
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