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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

South Africa's diesel price to drop this month, petrol little changed after levy cut

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South Africa's diesel price will fall in November while petrol will be little changed after the government announced fuel-tax cuts in a mid-year budget review. The wholesale diesel price will fall by up to R1.20 a litre from November 4, while the regulated petrol price will decline by 1c a litre, the petroleum department said on Tuesday, announcing monthly price adjustments.

Industry, exporters want sustained engagement after South Africa’s exclusion from Agoa

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In response to the US having announced that South Africa will be excluded from the African Growth and Opportunity Act (Agoa) preferential trade access policy from January 1, 2027, industry organisation South Africa Wine (SA Wine) has called on the South African government to pursue a decisive, two-pronged approach. The immediate priority must be to find a negotiated way forward, and the next 60 days are vital, it says.

Agoa exclusion expected to knock confidence not growth as other US tariffs lessen sting

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The announcement by the US government of its intention to exclude South Africa as a beneficiary of the African Growth and Opportunity Act as from January 1, 2027, is not expected to affect South Africa’s growth outlook, with exports under the scheme representing about 1% of South Africa’s total trade. However, in response to the announcement, Business Unity South Africa warned that business sentiment could “take a knock”. BUSA CEO Khulekani Mathe joined Trade, Industry and Competition Minister Parks Tau in emphasising that the loss of Agoa eligibility did not represent the loss of the US as a trade partner. With Tau also stressing that Agoa did “not constitute the totality of the economic relationship between South Africa and the US”. In a statement following confirmation by US Trade Representative Ambassador Jamieson Greer that South Africa’s Agoa eligibility would be terminated, Tau noted that bilateral trade stood at $28.8-billion in 2025, when 89% of South African exports entered under World Trade Organisation most favoured nation terms.

Standard Bank has joined Growthpoint’s renewable energy certification programme

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Standard Bank has joined the Growthpoint Properties renewable energy certification (REC) programme, the two groups announced in Monday. Under the REC programme, Standard Bank will be able to reduce its Scope 2 carbon emissions at 21 branches located in Growthpoint-owned offices and shopping malls in five provinces. “We previously demonstrated energy efficiency in our branch operations through the Net Zero Carbon (Measured) certification of four bank branches, the first such certificates issued by the Green Building Council of South Africa for bank branches in the country,” highlighted Standard Bank Group Real Estate Services Sustainability & Resilience Head Keith Cassie. “For these certifications, the allocation of renewable energy was pivotal with energy efficiency standards compliance having been confirmed, and this created latitude for further collaboration between landlords and tenants with shared environmental goals.”
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