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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

National Treasury withholds July funds to 70 municipalities ‘to instil fiscal discipline’

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National Treasury is temporarily withholding the July equitable share transfers to 70 municipalities across all nine provinces in an effort to “instil fiscal discipline and ensure that public money is properly managed”. Treasury says the goal is also to address unauthorised, irregular, fruitless and wasteful expenditure, and to ensure that municipal officials and office-bearers are held accountable for their management of public funding.

Collective bargaining provides stability and certainty in the industry – Seifsa

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The three-year wage agreement concluded in the metals and engineering industry in 2024 was reached during a period of significant economic pressure for the industry, but, despite these challenges, the sector experienced a relatively stable industrial relations environment over the past three years, says employer organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa). Employers have been able to plan with greater certainty and employees have benefited from a structured collective bargaining process. This stability is the result of engagement, negotiation and compromise between organised business and organised labour, says Seifsa executive director Lucio Trentini.

AfriSam warns of margin squeeze for concrete product manufacturers as cost pressures intensify

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Concrete product manufacturers (CPMs) in South Africa are facing a tightening margin squeeze, with rising input and transport costs set to place further pressure on already constrained operations. According to construction materials supplier AfriSam, this environment is forcing manufacturers to re-evaluate how they manage production efficiency, quality control and risk.

Adnoc Distribution to acquire Shell Downstream South Africa in $1bn deal

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Multinational fuel and convenience retailer Abu Dhabi National Oil Co (Adnoc Distribution) intends to acquire 100% of the share capital of integrated energy and petrochemical company Shell Downstream South Africa for $1-billion. This marks a significant step towards Adnoc Distribution’s drive to become a global mobility and convenience retailer, while advancing its fuel retail footprint in Africa.

Hulamin appoints interim chairperson

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JSE-listed aluminium products company Hulamin has appointed Linda Yanta as interim chairperson, with effect from July 6. This follows the board's decision that Paul Baloyi cease to hold office as chairperson. He will, however, continue to serve as an independent nonexecutive director, the company says.
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