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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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BlackRock backs South African bonds amid US debt concerns

South African local-currency government bonds are becoming a top pick for investors seeking an alternative to US Treasuries amid worries about a weaker dollar and rising government debt, according BlackRock. The yield on the South Africa’s benchmark rand-denominated 2035 bonds is about 8.94% after falling more than 2 percentage points since April. That still represents a premium of almost 5 percentage points over similar-maturity US Treasuries. Inflation in Africa’s most industrialised economy is seen slowing to about 3% by 2027 as the central bank pursues a lower target. In the US, meanwhile, investors are worried about the widening fiscal deficit and rising debt issuance, which would weigh on Treasury prices, according Ben Powell, BlackRock’s chief Asia-Pacific investment strategist.

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