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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

Absa PMI improves for a second consecutive month in October

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The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased by 0.9 points to 49.6 in October, from a revised 48.7 in September, marking a second consecutive monthly improvement, with all five components of the headline index increasing. However, while activity and new sales orders have recovered some ground from their August lows, employment remains particularly weak.

Altron first-half earnings rise

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JSE-listed Altron on Monday posted double-digit growth in earnings for the six months ended August 31, 2026, supported by strong performance from Netstar and Altron FinTech and the return of IT Services to profitability. During the first half of the 2027 financial year, earnings before interest, tax, depreciation and amortisation (Ebitda) increased 16% to R1.1-billion, with the Ebitda margin expanding to 21.5%.

Mine hydropower extolled at Minerals Council climate event

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By converting excess water pressure into renewable electricity, emissions are reduced, energy efficiency is uplifted and additional value is created from existing mining infrastructure, Harmony Gold strategic lead for climate and integration Mohammed Asmaljee spelt out emphatically at the launch Minerals Council South Africa’s inaugural Climate Change Day of Learning, attended by public sector and private sector climate mitigation protagonists. By capturing pressure from chilled water used in underground mining, the Johannesburg Stock Exchange-listed Harmony generates renewable electricity amid the water that travels thousands of metres underground building up pressure naturally for conversion into electricity through hydroelectric turbines.

Eskom working to address governance shortcomings identified in diesel payments investigation

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To address governance shortcomings identified during the investigation of diesel procurement and storage contracts, State-owned power utility Eskom is conducting an ongoing, iterative process to assess all the current processes across the business that contributed to this situation to strengthen governance and internal control frameworks for contract management and operational emergencies. It is reviewing the processes for delegations of authority (DoAs), the terms of reference for the Emergency Response Crisis Committee, emergency powers and the relevant procurement procedures.
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