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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

‘It ain't broke’, Ramokgopa says on whether Nyati should stay as Eskom chair

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Electricity and Energy Minister Dr Kgosientsho Ramokgopa has indicated that it would be his preference for Eskom chairperson Mteto Nyati to remain in the role beyond his term, which ends in October, while underlining Cabinet’s primary role in the decision. Speaking at Eskom’s results presentation, where the utility reported a R30.3-billion profit, the Minister highlighted the positive role that Nyati had played in supporting the State-owned group’s operational and financial turnaround, while suggesting that his departure would be premature.

Up to 28.11% provisional duties imposed on colour-coated steel from China

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The International Trade Administration Commission of South Africa (Itac) has requested the Commissioner of the South African Revenue Service to impose provisional measures of up to 28.11% on imports of colour-coated steel from China for a period of six months. These provisional measures were implemented by SARS on August 28, Itac says.

Organisations seek clarity on establishment of Chinese manufacturers for South Africa’s ...

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Industry organisations the Power Line and Substation Association of South Africa, the Manufacturing Circle, the Steel and Engineering Industries Federation of Southern Africa and the Association of Electric Cable Manufacturers of South Africa have written a letter to Electricity and Energy Minister Dr Kgosientsho Ramokgopa to express their collective concern about recent reports regarding the establishment of six Chinese manufacturers in South Africa. According to recent media reports, following the South Africa-China Electricity and Energy Investment Mission earlier this month, six Chinese companies are reportedly planning to establish manufacturing facilities in Gauteng, producing products including wire, transformers and pylons, with these facilities intended to support the country’s National Transmission Company South Africa’s (NTCSA’s) transmission build programme.

Bidvest posts higher revenue, all divisions deliver trading profit growth

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JSE-listed services and trading group Bidvest has reported a 2.9% year-on-year increase in revenue to R130.3-billion for the financial year ended June, while trading profit increased by 8.4% year-on-year to R13.1-billion, with every division delivering trading profit growth. Headline earnings per share (HEPS) grew by 6% to R18.64. Group basic EPS increased by 1.3%, to R18.08 a share.

Altron unpacks trading, operational performance

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JSE-listed Altron on Monday published a voluntary trading and operational performance covering the five months to July 31, revealing performance that has been broadly in line with management expectations. The group’s Platforms segment, Altron’s growth engine, delivered high-single-digit revenue growth, while its IT Services segment delivered modest revenue growth, a notable improvement on the prior comparative period when revenue declined, resulting in overall growth in revenue from continuing operations in the low-single digits.
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