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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

dtic exceeds investment target by 44%, talks up vast economic potential

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During his budget vote address on June 23, Trade, Industry and Competition Minister Parks Tau noted that the Department of Trade, Industry and Competition (dtic) and its entities attracted R647-billion in investment in the 2025/26 financial year against a target of R450-billion – exceeding the target by 44%. At the Sixth South Africa Investment Conference in March, Tau noted, R415-billion in new investment projects were recorded.

Gap between policy intent and action must be closed to halt deindustrialisation

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Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Mervyn Naidoo has called on government to urgently close the prevailing gap between its stated commitment to support industrialisation through localisation and the manner in which public procurement is being implemented. “The problem is not the rhetoric,” Naidoo argued at a Seifsa event in Johannesburg on June 24, attended by government officials.

Younger buyers now opting for new vehicles rather than used – Absa Finance

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Absa Vehicle and Asset Finance (AVAF) says consumers aged 18 to 35 – Millennials and Generation Zs – have year-to-date accounted for 40% of all new-vehicle finance applications and 45% of used-vehicle finance applications. This translates into 32% of financed new-vehicle sales and 39% of financed used-vehicle sales, underscoring their growing influence on vehicle purchasing trends.

Ramaphosa taps former Treasury Budget Chief as economic adviser

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President Cyril Ramaphosa appointed former National Treasury budget chief Michael Sachs as his economic adviser, bringing a respected fiscal policy technocrat back into the government as the country seeks to accelerate growth and deepen economic reforms. Sachs, who headed the Treasury’s budget office between 2015 and 2017, is expected to assume the role in the coming weeks, presidency spokesperson Vincent Magwenya said by phone on Wednesday. Sachs confirmed his appointment when contacted by phone. The appointment fills a vacancy left by Trudi Makhaya, who served as Ramaphosa’s economic adviser from 2018 until 2023, and places a former senior Treasury official at the center of economic policy-making as the president seeks to lift growth in Africa’s most industrialised economy.
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