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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

Ramaphosa signals ‘definitive’ economic turnaround from sustained growth

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President Cyril Ramaphosa declared on Wednesday that South Africa’s economy is entering a “definitive period of recovery”, citing four consecutive quarters of economic growth, extending into early 2026. Speaking at the BlackRock Infrastructure Investment Conference in Cape Town, Ramaphosa acknowledged severe factors that previously constrained national growth such as State capture, an energy crisis, the Covid-19 pandemic, and ongoing global economic volatility.

Eskom, Energy Vault to deploy gravity energy storage systems in South Africa, SADC

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Power utility Eskom and and NYSE-listed grid-scale energy storage solutions provider Energy Vault have signed a strategic development agreement to deploy long-duration gravity energy storage systems (GESSs) in South Africa and, eventually, also the rest of the Southern African Development Community (SADC). The first GESS plant will be built at Eskom’s Hendrina power station, in Mpumalanga. The system is expected to provide 25 MW of capacity with four hours of storage, equivalent to 100 MWh, and is designed to be fully scalable up to 4 GW.

Ramokgopa promises ‘sequenced’ roadmap for wholesale electricity market roll-out

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Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that his department will publish a “sequenced” implementation roadmap for the South African Wholesale Electricity Market (SAWEM) so as to address prevailing uncertainty over the transition to a competitive market structure. In his Budget Vote address on Tuesday, the Minister said the SAWEM would introduce clearer price signals, improve dispatch efficiency, allocate balancing responsibilities, improve transparency and reduce long-term reliance on the single buyer model.

Economy still highly concentrated, but positive trends abound, report shows

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South Africa’s economy remains highly concentrated, with about one-third to one-half of 228 economic subsectors still ranked as highly or moderately concentrated; however, there are positive trends of reducing concentration in most sectors of the economy. This is according to the Competition Commission of South Africa’s second ‘Economy Concentration Tracker’ report, which Competition Commissioner Doris Tshepe handed over to Trade, Industry and Competition Minister Parks Tau in Pretoria on May 12.

Lesco doubles capacity as it rolls out semi-robotic production lines at its Joburg plant

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Local manufacturer of electrical and consumer products Lesco has unveiled its new semi-robotic production lines at its Johannesburg plant. The third-generation South African manufacturer says the technological upgrade, combined with advanced use of AI on the factory floor, will aid in doubling Lesco’s total manufacturing capacity from five-million to ten-million units a year.
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