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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 African rand weakens as Trump's Iran deadline keeps markets on edge

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The South African rand was weaker in early trade on Tuesday, as investors remained cautious ahead of a deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz. At 0737 GMT the rand traded at 16.93 against the dollar,down about 0.4% from its previous close. Iran and Israel traded attacks as Tehran refused to reopen the Strait of Hormuz and accept a ceasefire deal on the eve of Trump's deadline to agree to his demands or get "taken out."

South Africa private sector returns to growth but Iran war clouds outlook, PMI shows

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South Africa's private sector returned to growth in March as faster output and hiring outweighed a slump in export orders and business confidence linked to the US-Israeli war in Iran, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.8 in March from 50.0 in February. PMI readings above 50.0 indicate growth, while those below denote contraction.

Cabinet offers fuel assurances as task team mulls response measures

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President Cyril Ramaphosa has established a Ministerial Task Team to coordinate government’s response to the impact on the cost of living, fuel and food security because of the disruptions to shipping in the Strait of Hormuz that have followed the military attacks on Iran by the US and Israel. The task team is being chaired by Mineral and Petroleum Resources Minister Gwede Mantashe, and includes Finance Minister Enoch Godongwana, Transport Minister Barbara Creecy, Trade, Industry & Competition Minister Parks Tau, International Relations & Cooperation Minister Ronald Lamola, Agriculture Minister John Steenhuisen, Electricity & Energy Minister Dr Kgosientsho Ramokgopa, Forestry, Fisheries and Environment Minister Willie Aucamp and Minister in the Presidency Khumbudzo Ntshavheni.

National rail and airport development plans released for comment

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Cabinet has approved the release of the draft National Rail Master Plan (NRMP), described as the strategic plan to guide the revitalisation, expansion and modernisation of South Africa’s rail system, for public comment. “The master plan translates the National Rail Policy, approved by Cabinet in 2022, into a practical, phased investment and implementation plan for freight and passenger rail over the coming decades.

Ramaphosa appoints Makhubu as new head of Sars

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South Africa's President Cyril Ramaphosa on Thursday appointed Ngobani Johnstone Makhubu as the new commissioner of the South African Revenue Service for a period of five years, effective May 1. Makhubu, currently Sars's deputy commissioner for taxpayer engagement and operations, will take over from Edward Kieswetter, whose tenure ends on April 30. According to a statement from the presidency, Makhubu brings over 17 years of senior leadership experience in tax administration, as well as commercial, finance and operations management. Africa's largest economy collected a net R2.01-trillion of tax in the fiscal year that ended on March 31, 8.4% higher than the previous year, preliminary figures showed on Wednesday.
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