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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

SAISC confirms fabricating members being negatively affected by structural steel shortages

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The Southern African Institute of Steel Construction (SAISC) has confirmed that its fabricating members have experienced supply constraints following the closure of ArcelorMittal South Africa's Newcastle long-steel operations and is calling for temporary tariff relief as a bridging measure while alternative local supply is developed. CEO Amanuel Gebremeskel tells Engineering News that the consequences of the closure for the downstream sector have been significant, with shortages of structural steel products having affected the ability of fabricators to price, programme and execute projects with certainty.

South Africa faces $8bn bill to revive State-owned refineries

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South Africa will need more than $8-billion to revive two mothballed state-owned refineries, officials told lawmakers, as the country seeks to strengthen energy security and reduce dependence on imported fuels. South Africa's State-owned Central Energy Fund acquired the flood-damaged 180 000 barrels-per-day Sapref refinery in 2024 from BP and Shell for a token R1.

Altron expects double-digit first-half earnings increase

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JSE-listed Altron on Wednesday said that it expected double-digit growth in earnings for the six months ended August 31, 2026. Headline earnings per share (HEPS) for continuing operations are expected to increase by between 11% and 17% to a range of 107c to 112c, while earnings per share (EPS) will increase by the same percentages to between 93c and 98c.

WEF survey of chief economists shows majority think global economy is stabilising

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The latest 'Chief Economists’ Outlook' report of the World Economic Forum (WEF), published on Tuesday, shows that 56% of the chief economists surveyed believe that the global economy is stabilising or improving. This represents a dramatic turnaround from the previous Outlook, published in May, in which 89% had expected the global economy to weaken. However, this latest survey also showed that there was limited confidence that this improvement would hold. No less than 97% saw international political conflicts as probably causing instability over the coming year, while 58% expected asset-price corrections and a mere 25% thought that the global economy would achieve greater resilience.

Airbus looking to tap African market, while embarking on engineering education collaboration

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Global major aerospace group Airbus has highlighted the relevance of its C295 aircraft to the South African market, with the company also looking to bolster uptake of the aircraft in the rest of Africa. The aircraft already has an established footprint across some countries on the continent and Airbus is aiming to grow this, as well as establish a presence in the South African market.
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