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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

Denel’s turnaround plan is making progress, but not as fast as hoped

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Denel, the State-owned defence industrial group, on Wednesday briefed Parliament’s Standing Committee on Appropriations about, among other issues, progress with its turnaround plan. This was initiated in 2022 and has three pillars, namely Stabilise, Sustain and Grow. Stabilise encompasses the securing of shareholder (government) funding, the finalisation and formal implementation of the Section 189 staff retrenchment process, and the right-sizing of the group’s resources and facilities (relative to orders) and the securing of critical skills for high probability opportunities.

Sasol’s wartime windfall revives debate over coal’s future

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Sasol, the world’s largest producer of fuel from coal, is reaping the benefits of a surge in fuel prices due to the Iran war, while helping shield its home market of South Africa from the resulting supply shock. CEO Simon Baloyi has increased his focus on coal-to-liquids fuel output, along with production from its crude refinery, at an opportune time.

Denel tells Parliament about net profits, rising revenues, but financial constraints

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State-owned defence industrial group Denel told Parliament’s Standing Committee on Appropriations (SCOA) on Wednesday that its revenues during the 2025/26 financial year (FY) had increased to R1.4-billion, from the R1.2-billion accrued in FY 2024/25. The group did so in a presentation to the committee. These improved revenues come in the main from maintenance contracts at its Aeronautics, Landward and Pretoria Metal Pressings (better known as PMP) businesses. However, Denel’s net profit in FY 2025/26, at R156-million, was down on the R193-million achieved in 2024/25. The 2024/25 figure was the first net profit recorded by the group in about a decade. (In FY 2023/24, it had had a net loss of R532-million.) Its total borrowing in FY 2025/26 was R58-million, a significant decrease on the R183-million borrowed in FY 2024/25.
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