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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

Ramaphosa urges long-term partnership with Spain amid broader €62bn investment pipeline

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President Cyril Ramaphosa on Friday alluded to a massive pipeline of 85 investment projects, valued at over €62-billion, with investment partners, emphasising that South Africa is open for business, and inviting Spanish capital not only to fund, but also partner in, long-term industrial ventures. Speaking at the South Africa–Spain Business Forum, in Madrid, Ramaphosa said South Africa saw a strong opportunity to grow its exports to Spain and to the broader European market in several areas. Ramaphosa explained that through the country’s investment promotion agency, InvestSA, opportunities had been developed into structured, investment-ready projects designed for partnership and phased implementation. These projects span energy transition infrastructure, green industrialisation, critical minerals beneficiation, agro-industrial value chains, sustainable fuels, digital connectivity and pharmaceutical manufacturing.

Infrastructure, services are the cornerstone of economic recovery – Cesa

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The delivery of infrastructure and essential services is a basic human right and a cornerstone for economic recovery, and South Africa must move to actionable outcomes that improve lives and livelihood, says industry organisation Consulting Engineers South Africa (Cesa) CEO Chris Campbell. The country must determine how infrastructure will be delivered and who will be held accountable for its completion.

Kganyago says war inflation risks are playing out

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Reserve Bank Governor Lesetja Kganyago said the Iran war’s impact on oil prices has validated wariness over inflation, without giving a clear signal on what that means for interest rates. “You are seeing the adverse scenario playing itself, although not fully,” Kganyago told Bloomberg Thursday on the sidelines of the Spring Meetings of the International Monetary Fund and World Bank in Washington. “I don’t think that we are far off with what we said would happen with the oil price.”

Necsa SMR briefing attracts 54 potential partners

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The South African Nuclear Energy Corporation (Necsa) held, on Thursday, a compulsory briefing for suppliers interested in is expression of interest (EOI) regarding small modular reactors (SMRs). The EOI sought a demonstration on (not of) an SMR, and would close on May 29. The briefing session was attended by 54 potential partners for Necsa's programme. They came from 12 countries, including South Africa.

Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources

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The Department of Mineral and Petroleum Resources (DMPR), which is now preparing for a prolonged period of fuel supply and pricing pressure as a result of the damage to energy infrastructure during the war in the Middle East, remains confident of ongoing security of supply. However, the department is deeply concerned about the outlook for fuel prices, especially in relation to diesel, and is also urgently reviewing the composition of its Basic Fuel Price (BFP) formula to align it to the new sources of supply that have been secured since the start of the crisis and to address the issues that have given rise to the imposition of diesel surcharges.
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