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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

Policy uncertainty remains elevated, despite easing somewhat in the third quarter

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Although still in negative territory, the North-West University Business School's Policy Uncertainty Index (PUI) for the third quarter eased to 61.3 from 81.9 in the second quarter and, while still elevated, the PUI for the third quarter was less adverse than in the second quarter. This suggests that the economic uncertainty created by the initial global energy shock following the start of disruptions in the Strait of Hormuz, in the Middle East, to the domestic economy may have begun to dissipate for now and that business and consumer behaviour may be adapting to a ‘new normal’, the business school states.

IATA reports strong demand for air cargo in August

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The global representative body for the airline industry, the International Air Transport Association (IATA), has reported that there was strong demand for air cargo during August. All regions saw growth. “Air cargo demand rose 4.4% year-on-year in August with all regions reporting growth even as capacity was trimmed by 0.1%,” highlighted IATA senior VP sustainability and chief economist Marie Owens Thomsen. “Strong demand and higher load factors helped airlines recoup some of the exceptionally high fuel costs. Yields rose month-on-month for the first time since April, while global goods trade growth continues. Both are positive signs as the year-end peak season comes into view.”

Nigeria's Dangote breaks ground on $16 billion East African oil refinery in Kenya

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Construction begins on Wednesday of a $16-billion Kenyan oil refinery aimed at lowering East Africa's fuel costs and saving the region hard currency used to import refined products. Aliko Dangote and Kenyan President William Ruto will break ground on the site, where the billionaire wants to replicate his group's 700 000 bl/d Nigerian refinery as countries including Kenya and Uganda look to start producing crude oil.

Joburg's City Power needs capable people, control of its revenue and the private sector – CDE

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Johannesburg’s troubled electricity utility City Power’s infrastructure is deteriorating, its finances are precarious, much of the bulk electricity it buys never becomes revenue and it has been without permanent leadership for long periods. To turn City Power around, a new city government will need to put capable people in charge, give the utility control over its own revenue, collect what it is owed and bring in the private sector, says policy research and advocacy organisation Centre for Development and Enterprise (CDE) executive director Ann Bernstein.

Cabinet says local DFI could take equity in stand-alone TNPA

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Cabinet has mandated Transnet National Ports Authority (TNPA) to investigate the feasibility of one of the country’s development finance institutions (DFIs) becoming a minority equity partner, after endorsing its full separation from the Transnet group. Minister in The Presidency Khumbudzo Ntshavheni indicated that the option of including a DFI as a shareholder was discussed by Cabinet at its latest meeting, which included an update on the implementation of reforms aimed at improving the competitiveness of South Africa's freight and logistics system.
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