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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

IMF lauds South Africa’s fiscal gains, sees growth as next test

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The International Monetary Fund said South Africa is restoring fiscal credibility despite geopolitical risks, but needs to deliver faster economic reforms to lift investment and growth. Africa’s largest economy has shown genuine resilience in the face of an energy shock caused by the Iran war, Tidiane Kinda, the IMF’s resident representative to South Africa, said in an interview at Bloomberg’s Johannesburg offices on Tuesday. What is missing is investment. “There is a bit of a wait-and-see sort of attitude,” toward infrastructure spending, he said. “Increasing public investment would help support growth.” Finance Minister Enoch Godongwana cheered investors last week with a midterm budget outlook that showed debt peaked in 2025-26 and would decline in the years ahead, supported by better-than-expected revenue collection and moderate spending growth.

Study points way for South Africa to build neglected medical technology industry

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South Africa is increasingly relying on imported medical technology and devices, while local manufacturers are relying on export markets for sales, with limited local procurement of locally produced healthcare devices, industry professionals revealed on October 27. Industrial development organisation the Localisation Support Fund’s (LSF’s) ‘Localising MedTech Manufacturing in South Africa’ study showed that four in five medical appliances were imported, while 47% of local companies operated at less than 50% utilisation rates.

Lack of gas-supply assurances sees no gas-to-power bidders selected in SA’s first bid window

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Electricity and Energy Minister Dr Kgosientsho Ramokgopa has confirmed that none of the four bidders that made submissions under South Africa’s inaugural gas-to-power bidding round has been appointed as a preferred bidder. This, after none of the bidders were able to provide the gas-supply assurances required by the tender. Through the first bid window of the Gas Independent Power Producer Procurement Programme, or GASIPPPP, government was aiming to procure 2 000 MW of generation capacity in line with the country’s Integrated Resource Plan for electricity.

SWISS launches new Airbus A350, enhanced cabin on Johannesburg route

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Swiss International Air Lines (SWISS), part of the Lufthansa Group, has launched SWISS Senses, its new long-haul travel experience, in South Africa. Since October 25, the airline’s Airbus A350-900, featuring the new SWISS Senses cabin, has operated a daily flight between Johannesburg and Zurich, replacing the Airbus A340-300 on the route.
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