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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

Plugging leaks paramount, but other risks persist, DWS director-general warns

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While many of South Africa’s water challenges could be fixed by resolving the high level of losses in the water system, risks remain nonetheless, as South Africa is a water-scarce country, and climate change and growth, besides others, will continue to impact supply. The supply and demand for South Africa’s raw water is roughly in sync with the demand for raw water, but there continue to be localised water supply deficits, delegates heard at a Talbot seminar discussing South Africa’s water landscape under the theme ‘Strengthening water security and business continuity for industry and mining’.

South Africa on path to investment-grade rating, Investec says

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South Africa stands a good chance of regaining its investment-grade credit rating within two years and next week’s mid-term budget could take another step toward that goal, according to Investec Wealth & Investment International. The fund manager sees a more than 50% chance the country will restore its investment grade rating by 2028, propelled by economic reforms and fiscal discipline that have shifted sentiment after years of being shunned by investors. “A sufficiently credible medium-term budget policy statement could support an initial move by Moody’s Ratings and S&P Global Ratings to one notch below investment grade” said investment strategist Osagyefo Mazwai. “If that progress is reinforced in the 2027 budget and 2027 MTBPS, an investment-grade rating by 2028 becomes achievable.”

DFA moves from resilience to accelerated growth

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Wholesale open-access fibre infrastructure provider DFA has entered its next phase of growth as it shifts its focus from future-proofing its network to expanding coverage and accelerating service deployment. The company is now working on growing its national footprint and creating more opportunities for customers across its network following improvements in network uptime, incident resolution times and service delivery.

CRDB Bank signs MoU that boosts African investment in SMMEs

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Tanzania-based CRDB Bank has signed a $75-million long-term financing facility with FMO, the Dutch Entrepreneurial Development Bank, which will run for about ten years. At a signing ceremony hosted on the sidelines of the Africa Investor Forum on October 15, CRDB said that the facility enhanced CRDB’s Tier II capital base, which supported the bank's growth and resilience and expanded its capacity to lend to small- and medium-sized and microenterprises (SMMEs), the segment that underpinned entrepreneurship, job creation and inclusive economic development.
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