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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

Grain SA dismayed about JSE's maintained single reference point approach for soybeans

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South African grain and oilseed producers are operating under severe financial pressure with narrow margins, rising input costs and substantial production risk, and can therefore not afford additional inefficiencies resulting from a location differential methodology that may not adequately reflect the geographic distribution of soybean production and consumption. Industry body Grain SA says, in this regard, that the JSE's intention to return to a single reference point can create artificial transport assumptions and expose producers in certain production regions to deductions that do not correspond with actual commercial stock movements.

AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says

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Artificial intelligence could boost Sub-Saharan Africa's economy by about 4% over the next decade with better electricity supply, internet access and digital skills, an International Monetary Fund (IMF) paper showed on Tuesday, but without such reforms the growth dividend could be negligible. As countries and companies race to secure AI's economic benefits, investment in data centres, energy infrastructure and digital networks is surging worldwide.

Phase 2 of Trusted Employer Scheme expands access, introduces digital applications

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The Trusted Employer Scheme Phase 2, introduced by the Department of Home Affairs (DHA), significantly expands access to the programme and introduces a fully digital application process, says immigration consulting firm IBN Immigration Solutions Africa and Europe senior director Andreas Krensel. An important change is that Phase 2 no longer follows a single assessment model. Instead, qualifying businesses can now apply under one of three dedicated scorecard pathways, which recognise that different types of organisations contribute to South Africa’s economy in different ways.

Treasury confirms signing of govt’s $1.5bn development policy loan with World Bank

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The South African government and the World Bank have signed a $1.5-billion Development Policy Loan Agreement aimed at supporting the country’s efforts to achieve inclusive growth by tackling infrastructure constraints, identified as the primary barrier to job creation. This serves as the fourth development policy loan and continued partnership with the World Bank, aimed at addressing South Africa’s economic challenges of low growth and high unemployment, National Treasury notes in a statement.

Trade conditions remained tight in June – Sacci

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The crude oil price returning to about $72/bl at the end of June had positive effects on business and particularly on general trade conditions for the month and improved trade expectations, reports business organisation the South African Chamber of Commerce and Industry (Sacci). Sales prices remained stable in June, although the general price level, or inflation, partially started to reflect the full fuel price impact in May, Sacci says in its 'Trade Conditions Survey’ for June.
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