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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

Goldman, Morgan Stanley’s South Africa inflation call undercuts Central Bank

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Goldman Sachs and Morgan Stanley see room for the South African Reserve Bank to lower its inflation forecast for 2026, as policymakers prepare for their first interest-rate decision of the year later this week. The rand has strengthened considerably from the central bank’s November assumption of 17.25 per dollar for the first quarter and oil prices are tracking well below its $67-a-barrel forecast for this year, Goldman’s Andrew Matheny and Ludovica Ambrosino wrote in a note.

R1.2bn project to revamp Cape Town’s Golden Acre gathering steam

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The R1.2-billlion project to redevelop Cape Town’s well-known Golden Acre is gathering steam, with construction work in full swing to convert the 110-m-high, 24-storey office tower, located in the central business district (CBD), into rental accommodation. The more than 400 new units will include studios, as well as one-bedroom and two-bedroom units.

New dashboard confirms strong pipeline of advanced grid-connected projects

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A total of 332 generation and storage projects with a combined nameplate of 31.7 GW have either received budget quotes for grid connection in South Africa or have budget-quote applications pending for grid connection before 2030, a newly publicly available online portal shows. Of that, nearly 24 GW is made up of 204 advanced projects (mostly in the form of variable renewables projects) that are seeking to be connected to the grid over the coming five years.

South Africa’s wine exports decrease

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South Africa’s wine exports reached 264-million litres this year (the sector’s export versus domestic sales is 40:60) generating R9.8-billion in export value, a 2.4% year-on-year decline and a 13.8% contraction in volumes. Year-on-year, packaged wine volumes declined by 4.6%, but export value held steady.
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