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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

Sasol’s external coal purchases to continue to fall as it targets 34Mt from own mines

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While Sasol continues to reduce its overall capital expenditure, the JSE-listed group is increasing its investment in its coal mining business to shore up the feedstock needed to raise output at its Secunda Operations to 7.4-million tons, while also reducing external coal purchases. Production at Secunda Operations in Mpumalanga increased to 7.2-million tons in the year to June 30, a five-year high that helped underpin strong results that were also buoyed by energy market developments after the US and Israel declared war on Iran.

VWGA looks to another 75-plus years of vehicle production in South Africa but calls for policy ...

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Volkswagen Group Africa (VWGA) has celebrated 75 years of building and selling Volkswagens in South Africa, commemorating the company’s legacy in the country while also celebrating the brand’s Africa-centred vision for the future. To date, the Kariega plant, in the Eastern Cape, has manufactured nearly 40 models, including the Beetle, Kombi, Golf, Audi, Citi Golf, Jetta, Polo and Polo Vivo. Over 4.8-million vehicles have rolled off the production line, of which more than three-million have been built for the local market.

Itac maintains antidumping duties on clear float glass imported from Egypt

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The International Trade Administration Commission of South Africa (Itac) has maintained antidumping duties on clear float glass at 27.26%. Itac conducted a sunset review of the antidumping duties on clear float glass imported from Egypt. The investigation was initiated following an application by PFG Building Glass, a division of PG Group.

Goldman sees room for South Africa asset rally on credit upgrade

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Markets are not pricing in the probability of South Africa’s return to investment grade, leaving scope for government bonds, stocks and the rand to rally, according to Goldman Sachs Group Inc. The country could regain its investment status as soon as 2028 as ratings companies reward its improving finances and economic growth, a Goldman team including economist Andrew Matheny wrote in a note. “Our baseline is that South Africa regains its first IG rating in 2028, albeit with two-sided risks to timing,” Matheny said. “Markets at this stage in our assessment largely do not price this in.” Goldman’s analysis suggests scope for the government 10-year local-currency yield to fall more than 100 basis points to 7.6%, and the sovereign spread, or yield premium of dollar bonds over US treasuries, to outperform investment-grade emerging markets. Five-year credit-default swaps, at around 116 basis points on Tuesday, may fall to about 100 basis points, the analysts wrote.

Nersa approves Sasol Gas’s price application for the 2027, 2028 financial years

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The National Energy Regulator of South Africa (Nersa) has announced that it has considered and approved Sasol Gas’s application for maximum gas prices for the 2027 and 2028 financial years. Nersa, however, decided to defer its final consideration of Sasol Gas’s application for maximum gas prices for the 2028/29 and 2029/30 financial years.
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