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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

Solar industry welcomes NTCSA’s new approach to paying curtailment claims

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The South African Photovoltaic Industry Association (SAPVIA) has welcomed a new fast-tracked payment mechanism that will see independent power producers (IPPs) paid the full estimated value of their curtailment compensation claims upfront. In a statement, SAPVIA said the new approach would ease a cash-flow squeeze that had been particularly difficult for broad-based black economic empowerment (B-BBEE) equity partners to absorb.

AMSA insists ‘profitability within reach’ after reporting R1.49bn interim loss

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Steel producer ArcelorMittal South Africa (AMSA) insists that it is fundamentally stronger than was the case 18 months ago and that “profitability is within reach”, after reporting a headline loss of R1.49-billion during the first half of 2026. The JSE-listed company had, over the past 18 months, placed its longs business into care and maintenance, leading to the closure of the Newcastle Works in KwaZulu-Natal, which contributed to some of the nonrecurring costs during the period.

Mondi first-half profit slumps 70% as Iran war squeezes margins

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Paper and packaging group Mondi reported a 70% decline in first-half underlying pre-tax profit on Thursday as margins were hit by disruptions linked to the Iran war, and booked €320-million ($366.2-million) in charges on its mills. The packaging industry has faced a difficult operating environment over the past year, with weak demand across key segments and higher energy, raw material and shipping costs due to the prolonged Middle East conflict pressured profitability.

Water Research Commission suspends CEO, appoints interim replacement

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The board of the Water Research Commission (WRC) says it has placed CEO Dr Jennifer Molwantwa on precautionary suspension, with effect from June 22, and appointed Professor Stanley Liphadzi acting CEO. It says Molwantwa's suspension follows the conclusion of an independent forensic investigation process. It stresses that the suspension is a governance measure intended to preserve the integrity of ongoing disciplinary processes, protect institutional interests and ensure that any subsequent processes proceed without actual or perceived interference, and that it does not in any way constitute a finding or any conclusion of the matter.

Global EV sales recovered strongly in Q2 as war placed spotlight on fuel prices

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A new International Energy Agency (IEA) analysis points to a strong second-quarter recovery in electric vehicle (EV) sales globally, as the energy crisis sparked by the war in the Middle East brought fuel price volatility back into focus. The second-quarter rebound was not fully able to offset weak demand in the key Chinese and US markets during the first quarter, however.
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