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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

Vodacom settles 17-year 'Please Call Me' legal dispute

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Telecoms group Vodacom said on Wednesday it had reached an out-of-court settlement in a dispute with a former employee over his role in creating the company's call-back messaging service. The legal battle over the "Please Call Me" service has dragged on for about 17 years, reaching South Africa's highest court.

Policy uncertainty could lead to future energy transition funding gap in South Africa – report

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A new study that assesses the investments required to achieve electricity security in South Africa by 2050 while also meeting the country’s decarbonisation goals has reaffirmed that the least-cost way of meeting the two objectives would be by pursuing a so-called ‘green industrialisation pathway’ – one where up to 85% of South Africa’s electricity is generated from renewable energy, supported by flexible gas, as well as battery and pumped-hydro storage. Produced by the Development Bank of Southern Africa (DBSA), the Presidential Climate Commission (PCC), the National Planning Commission (NPC), and the National Treasury-linked Southern Africa Toward Inclusive Economic Development programme, the report is titled ‘South Africa's Energy Sector Investment Requirements to Achieve Energy Security and Net Zero by 2050’.

AMSA calls for urgent review of new scrap metal policy

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Steelmaker ArcelorMittal South Africa (AMSA) has called for the immediate suspension and review of recently amended regulations governing the price preference system (PPS) for scrap metal, warning that the policy continues to damage the country’s wider steel industry and undermine industrial competitiveness. In a statement issued on November 5, the company said South Africa’s integrated steel value chain noted “with serious concern” the newly gazetted PPS amendments by the International Trade Administration Commission of South Africa (Itac).

South Africa’s commodity boom set to spill into wider economy

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South Africa’s commodity windfall is expected to seep into the broader economy, boosting banks, retailers and property stocks as stronger prices improve the fiscal outlook and support lower interest rates, according to Old Mutual Investment Group. “The surge in precious metals prices has already lifted corporate tax receipts and dividends, creating positive second-round effects for the consumer economy,” OMIG Chief Investment Officer Siboniso Nxumalo said at an event in Johannesburg on Tuesday. “Historically, when there’s been a commodity boom, there are spillover benefits into the economy, which then benefit consumer markets.”

Godongwana appoints new Pension Funds Adjudicator

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Finance Minister Enoch Godongwana has appointed Lebogang Paul Mogashoa as the Pension Funds Adjudicator (PFA) for the Office of the Pension Funds Adjudicator (OPFA). The appointment is for a period of three years, effective December 8. He will succeed incumbent PFA Muvhango Antoinette Lukhaimane.
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