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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

BLSA CEO calls for economic impact assessment of draft procurement regulations

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The draft procurement regulations published in April propose extensive set-asides for 100%-black-owned businesses; however, National Treasury has not produced an economic impact analysis showing what this will cost or how effective it will be, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso writes in her weekly newsletter. “Transformation is certainly an important goal and procurement is a powerful tool government has to achieve it. But we must ask how effective these regulations will be and what they will cost. Unfortunately, Treasury has not produced any analysis that provides answers to either question,” she says.

Fall in applications by firms for import duty changes may signal ‘loss of faith’

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A leading trade consultancy is warning that the recent sharp decline in applications for duty investigations may be a signal that South African companies are losing faith in the country’s trade administration system, which has become prone to long delays in finalising such probes. In its eighth and latest ‘Import Duty Investigation Report’, XA Global Trade Advisors shows that only one new application has been lodged with the International Trade Administration Commission of South Africa (Itac) in the past six months.

SARB appoints Makrelov as new chief economist and MPC member

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The South African Reserve Bank said on Monday that Konstantin Makrelov had been appointed as its new chief economist, replacing Christopher Loewald who took early retirement in March. Makrelov will also serve as a member of the SARB's Monetary Policy Committee and Financial Stability Committee, the central bank said in a statement. He joined the bank in November 2018 as lead economist, later becoming divisional head for economic and climate change-related research in January 2024. Before joining the SARB, Makrelov spent 12 years at South Africa's National Treasury, working on fiscal forecasting and the assessment of major government policies, including taxation and national energy programmes.
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