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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

Proposed Gauteng green-methanol-from-wastewater plant gets $4m funding support

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Emerging market blended finance investment manager Climate Investor Three has, through its affiliate SA-H2 Fund Managers, signed a $4-million development funding agreement with project developer Green eFuels Producers (GeFP) to support the development of a first-of-its-kind green methanol production facility in Gauteng, South Africa. The facility will process about 90 000 t/y of municipal sewage sludge from the Sebokeng Wastewater Treatment Works, in southern Gauteng.

Water Budget Vote signals new era of accountability, water security, says Awsisa chairperson

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Water and Sanitation Minister Pemmy Majodina’s 2026 Budget Vote is one of the “clearest and most significant” policy interventions undertaken to confront South Africa’s deepening water and sanitation crisis. This is the view of Rand Water, Association of Water and Sanitation Institutions in South Africa (Awsisa) and National Water Resources Infrastructure Agency chairperson Ramateu Monyokolo, as outlined in a statement released on Tuesday.

Fortress acquires Balfour mall, to open redeveloped property in 2027

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JSE-listed property company Fortress Real Estate Investments has acquired the 37 000 m2 Balfour Mall, in Highlands North, Johannesburg, and will, in partnership with venture capital company Forever Young Capital, undertake a comprehensive physical and operational transformation of the mall, with a targeted reopening in 2027. The redevelopment will address the root causes of the mall’s decline and create a retail environment that is fit for the community it serves by refreshing the tenant mix that will be anchored by two major grocery retailers, and adding new destination tenants, family entertainment, restaurants and lifestyle offerings, Fortress says.

Competition Tribunal greenlights Norfund, Nafasi transaction

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The Competition Tribunal has unconditionally approved the Norwegian Investment Fund for Developing Countries’ (Norfund’s) acquisition of a minority interest in South African water company Nafasi Water Technologies. Through this shareholding, Norfund, a Norwegian State-owned development finance institution controlled by the Ministry of Foreign Affairs on behalf of the Norwegian government, will acquire minority shareholder protections that amount to control.

Fedgroup secures renewable capital to accelerate industrial energy projects

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Fedgroup has secured R500-million in funding from development finance institution the Industrial Development Corporation (IDC) for its newly established Fedgroup Renewables Capital fund. This fund houses a portfolio of renewable energy and infrastructure-linked assets tied to major industrial and commercial counterparties including steel billet manufacturer Coega Steels and paper and packaging manufacturer Mondi.
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