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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

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.

Off-grid network provider CHARGE highlights EVs as major industrial opportunity ahead of MTBPS

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Off-grid network builder Zero Carbon Charge (CHARGE) has called on Finance Minister Enoch Godongwana to reform the tax burden on electric vehicles (EVs) in South Africa and to help fund renewable charging infrastructure that supports local production of clean energy and the transport fleet. The call comes ahead of Godongwana presenting the country's Medium-Term Budget Policy Statement (MTBPS) on October 21.

National Nuclear Regulator advises of routine emergency exercise at Koeberg

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The National Nuclear Regulator (NNR) has announced it will conduct a regulatory nuclear emergency exercise at Koeberg nuclear power station on October 20. The exercise forms part of the NNR’s ongoing regulatory oversight activities to assess emergency preparedness, evaluate response arrangements and strengthen coordination between organisations responsible for responding to a potential nuclear emergency.

Kganyago says rand resilience cushioning South Africa from shock

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South African Reserve Bank Governor Lesetja Kganyago said the rand has held up well despite the shock caused by the Iran war, reflecting more confidence in the country’s economic outlook. “Rand resilience has cushioned, but not shielded us from the shock,” Kganyago told Bloomberg TV on the sidelines of the International Monetary Fund and World Bank meetings in Bangkok on Friday.
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