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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

Masondo resigns as PIC chairperson

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Deputy Finance Minister David Masondo has resigned as the chair of the board of directors of State-owned asset manager the Public Investment Corporation (PIC), he said on Thursday. The asset manager faces mounting scrutiny after its CE was suspended pending an investigation into allegations raised by a whistleblower. South Africa's financial regulator has also launched a governance probe.

South Africa unexpectedly holds rates as it flags growth risks

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The South African Reserve Bank defied expectations and held interest rates steady to support economic growth after revising its inflation forecasts lower, while warning that the renewed conflict in the Middle East could justify more tightening. The six-member monetary policy committee maintained the benchmark policy rate at 7%, Governor Lesetja Kganyago told reporters in Pretoria on Thursday. Only three of 20 economists surveyed by Bloomberg had expected a hold. The rest predicted a 25 basis point increase.

BLSA warns of ‘reform drift’ as index points to loss of momentum

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Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso has warned of “reform drift” after the latest BLSA Reform Tracker showed that quarter-on-quarter momentum had turned negative for the first time since it started tracking South Africa’s reform agenda. Developed and managed by research consultancy Krutham for BLSA, the index monitors 247 reform deliverables across economic, criminal justice and governance categories.

Chery’s entry-level EV to make its local debut in September

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Chery South Africa (SA) says it will introduce the fully electric Chery Q at the beginning of September, with pricing starting at R350 000. “The Q has been developed to make electric driving a realistic option for more South Africans,” says Chery SA national marketing and communications manager Verene Petersen.
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