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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

Domestic food producer signs contract for LNG from Virginia project, ASPI says

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Nasdaq- and JSE-listed advanced materials company ASP Isotopes (ASPI) says oil and gas producer Tetra4 has entered into a contract for the sale of liquefied natural gas (LNG) to be produced at the Virginia gas project in the Free State. The LNG sale and purchase agreement is a five-year, take-or-pay contract with a South African food processor, and this offtake represents about 10% of the project's Phase 1 nameplate capacity.

South Africa's fuel stock policy will tie-up more working capital, expose traders to currency ...

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South Africa's proposed shift from voluntary to mandatory strategic petroleum stockholding may strengthen protection against fuel supply shocks, but will require importers to finance more stock and risk trapping the working capital needed to keep trade moving, says cross-border financial technology firm Verto. The dual-obligation model detailed in the gazetted Draft Strategic Petroleum Stocks Policy requires State strategic stocks equivalent to 60 days of net imports that will be managed by the South African National Petroleum Company, and 21 days of mandatory stocks for licensed wholesalers and importers.

Trust is the critical infrastructure that drives the economy – WCape Property Development Forum

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Trust is not simply a social value – it is the critical infrastructure that drives the economy, says Western Cape Property Development Forum chairperson Deon van Zyl. Speaking at the Western Cape Infrastructure Ministerial Roundtable held in Cape Town last week, Van Zyl said no amount of legal drafting or auditing could compensate for the absence of trust.

IDC sets R51.5bn disbursement target as it aligns strategy to new industrial thrusts

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South Africa’s Industrial Development Corporation (IDC) has set a target of disbursing R51.5-billion in funding over the coming three financial years having aligned its corporate plan to government’s new industrial strategy. In a presentation this week to Parliament’s Select Committee on Economic Development and Trade, acting COO David Jarvis reported that the State-owned development financier would continue to support established industries while seeking to catalyse future-focused value chains identified in the Industrial Development Strategy (IDS) of 2026.

Major pipe burst impacts Palmiet booster station

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A major burst on the B4 Pipeline is affecting water supply to the Palmiet booster pumping station, Rand Water reported on Thursday. The burst pipe, which occurred at about 06:00 on Thursday, led to a reduction in pumping operations at the Palmiet station to 70% of normal capacity, which may impact water supply to the areas served by the station.
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