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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

South32 to sell most of its aluminium assets to Alcoa Corporation for up to $5.6bn

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Diversified miner South32 has signed a binding conditional agreement to sell its aluminium value chain assets, including its interest in Worsley Alumina, in Australia, and Hillside Aluminium, in South Africa, to NYSE- and ASX-listed Alcoa Corporation for up to $5.6-billion. South32's Mozal Aluminium operation, in Mozambique, is, however, excluded from the transaction. The operation remains on care and maintenance, with divestment under "active consideration".

Stellantis expects to make decision on South African plant in coming months

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Stellantis is still reviewing plans for a proposed manufacturing plant in South Africa's Eastern Cape province and expects to make a decision in the coming months, the company's local manager said on Tuesday. The automaker announced plans in 2023 to build a greenfield factory in the coastal city of Gqeberha, formerly known as Port Elizabeth, its first plant in South Africa, with the original intention of producing only the Peugeot Landtrek pickup truck.

Ramaphosa reshuffles Cabinet following DA request

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President Cyril Ramaphosa has announced that, following consultation with the leadership of the Democratic Alliance as a member of the Government of National Unity, a number of changes have been made to the national executive. As speculated, John Steenhuisen has been appointed Trade, Industry and Competition Deputy Minister, while Willem Aucamp has been appointed Agriculture Minister and David Maynier Forestry, Fisheries and the Environment Minister.

Group Five exits business rescue with full creditor repayment

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The business rescue practitioners (BRPs) of Group Five Construction and Group Five Limited, Dave Lake and Peter van den Steen of Metis Strategic Advisors, have confirmed the formal termination of the business rescue proceedings of both companies following the substantial implementation of the adopted business rescue plans. When business rescue proceedings began in March 2019, Group Five faced about R7-billion in creditor and contingent exposures, more than 2 300 creditors, 119 active projects and close to 6 000 employees employed in 180 companies across 38 countries.

330 MW Impofu Wind Farm cluster enters into commercial operation

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The full 330 MW Impofu Wind Farm cluster, located in the Kouga and Nelson Mandela Bay municipalities of the Eastern Cape, has entered into commercial operation. The cluster comprises three 110 MW wind farms – Impofu North, Impofu East and Impofu West – and project sponsor Enel Green Power RSA reports that all three facilities have achieved commercial operation, with Impofu West having been the last to become operational in June.
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