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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

Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist

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Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and Gulf output only fully recovers by the end of 2027. Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the US and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.

Tau stresses importance of the defence industry

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Trade, Industry and Competition Minister Parks Tau has lauded the South African defence industry’s (SADI’s) contribution to the national economy. He was delivering the keynote address at the Defence Industry Lekgotla, being held at the Council for Scientific and Industrial Research’s International Convention Centre, in Pretoria, on Monday. “South Africa’s defence industry is not a niche sector standing apart from our industrialisation programme,” he highlighted. “It is one of its most advanced expressions. It sits at the frontier of manufacturing precision, systems engineering and technology sovereignty.”

Phillips questions need for middlemen, slams practice of overcharging Transnet

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Transnet group CEO Michelle Phillips says the State-owned rail, ports and pipeline logistics group is putting measures in place to ensure that it no longer over-pays for goods and services. Speaking at the SAPICS 2026 conference held in Cape Town this week, she said recent reforms within the entity included rolling out a catalogue of market-pricing, so that “if a part is R1.50, and you put in R1 500, the system will not allow you to buy that”.

World Bank facility extended to support water, sanitation sector reforms in South Africa

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The new $1.5-billion loan from International Bank for Reconstruction and Development (IBRD) to South Africa, the fourth stand-alone Development Policy Loan to the country since 2022, aims to support reforms in the country’s water and sanitation sectors, alongside supporting continued reforms in electricity and freight transport. Water and sanitation reforms are not expected to directly create large numbers of jobs, as major users such as agriculture and mining already rely on alternative sources, but they are projected to bring concrete improvements for millions of households, including less time spent collecting water, lower health risks and better access for the poorest female-headed households, global finance institution the World Bank Group says.
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