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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

DEE says market input to inform new approach to gas-to-power procurement

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The Department of Electricity and Energy (DEE) has reiterated its intention to conduct a series of structured market engagements with lenders, gas-to-power developers, original-equipment manufacturers, fuel suppliers, and public and private infrastructure stakeholders before launching any new procurement process. In a response to an Engineering News enquiry, the department confirmed that the engagements would be supported by the IPP Office, and would aim to secure market input on the key commercial, technical, financial and infrastructure considerations that might inform the approach to future gas-to-power procurement.

Exporters Western Cape calls for renewed Agoa talks after US election

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The outcome of the US midterm elections has opened a fresh opportunity for South Africa to avert its impending exclusion from the African Growth and Opportunity Act, says Exporters Western Cape chairperson Terry Gale. He calls for an urgent senior diplomatic and trade mission to Washington before the exclusion takes effect on January 1. “The stunning Republican defeat in the US midterm elections has changed the political landscape in Washington,” says Gale. “For South Africa, it creates an opportunity to mount an urgent diplomatic effort to avert its exclusion from Agoa,” he says. On Monday, November 2, the Trump administration announced its intention to terminate South Africa’s Agoa eligibility, following 60 days’ advance notice.

Treasury expects debt-to-GDP ratio to fall below 70% by 2032/33

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National Treasury says South Africa’s debt-to-GDP ratio peaked at 74.6% in 2025/26, and that it now projects that the debt-to-GDP ratio will fall below 70% by 2032/33, which is one year earlier than forecast in the October 21 Medium Term Budget Policy Statement (MTBPS). Treasury recalculated South Africa’s fiscal metrics after Statistics South Africa (Stats SA) on October 29 updated the reference, or base, year used to calculate GDP in constant currency terms from 2015 to 2022.

PIC to support preservation of value as Concor enters voluntary business rescue

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State-owned investment management organisation the Public Investment Corporation (PIC) will support the preservation of value and a sustainable outcome after construction and opencast mining services company Concor entered voluntary business rescue. Concor’s board determined that the business was financially distressed and informed the PIC on October 6 that it was required to act and had filed for business rescue in terms of applicable provisions of the Companies Act, the PIC says.

PPC expects to report 20% to 38% higher interim HEPS

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JSE-listed cement and construction materials company PPC says it expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between 30c and 34.5c for the six months ended September 30. EPS and HEPS are expected to be between 20% and 38% higher than the EPS and HEPS reported for the interim period under review, the company says in a trading update ahead of publishing its results on November 16.
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