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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

South African steel sector at deindustrialisation ‘inflection point’

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The South African steel industry – encompassing the full value chain, from upstream producers to downstream manufacturers and fabricators – has been described as being at a deindustrialisation ‘inflection point’. The dire state of the sector, as well as the ineffectiveness of the prevailing interventions being pursued under the Steel Master Plan to arrest the sector’s decline, came into sharp focus during a Portfolio Committee on Trade, Industry and Competition meeting on Wednesday.

Mantashe calls for stronger refining capacity amid global energy instability

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Mineral and Petroleum Resources Minister Gwede Mantashe has reiterated government’s commitment to strengthening South Africa’s energy security through increased refining capacity, strategic fuel stocks and accelerated developments in oil and gas, but also cautioned against a hasty transition away from conventional fuels. Mantashe delivered this message during a keynote address on the first day of the Fuels Industry Imbizo hosted by industry organisation the Fuels Industry Association of South Africa.

Japan’s Marubeni Corporation acquires TiAuto Investments

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Japan-based trading and investment company Marubeni Corporation has acquired South Africa’s automotive retail and services group TiAuto Investments. Founded in 1967, TiAuto is an automotive aftermarket business operating a portfolio of brands including Tiger Wheel & Tyre, Tyres & More and Treads Unlimited.

Afrimat completes disposal, meets obligations of Lafarge acquisition

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JSE-listed mining and construction materials company Afrimat has disposed of certain general aggregates quarries and readymix concrete plants across South Africa to investment vehicle Saturc. The disposal price was R215-million, which includes a cash amount of R160-million and the balance of R55-million being payable over three years, subject to the fulfilment of certain financial and operational conditions.
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