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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

Omnia's share price rises on potential buyout offer news

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The share price of JSE-listed Omnia rose by more than 12% in early trade on Friday, September 11, after it informed stakeholders that it is in discussions with an unnamed party regarding a potential offer for all of its issued ordinary shares. It stated that, while talks were advanced, no agreement has been reached and that there was no certainty that these discussions would result in a transaction being concluded. 

Cassava, Vodafone launch Egypt’s first national AI factory

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Telecommunications group Vodafone Business and global technology leader Cassava Technologies have teamed up to launch Egypt’s first AI factory to develop and enable advanced sovereign AI infrastructure. The new AI factory, operating diverse AI applications and use cases locally, enhances the country’s ability to host and process data, with the strategic partnership between the parties strengthening Egypt’s regional position as a hub for data centres and AI investments.

Unpacking the National Water Action Plan amid lingering concerns over effectiveness

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South Africa’s new National Water Action Plan (NWAP), developed and being implemented by the National Water Crisis Committee (Watercom), sets out several strategic interventions over the short, medium and long term aimed at addressing the root causes of the country’s long-standing water supply challenges. While longer-term reforms by the Department of Water and Sanitation (DWS) have been under way over the past few years, the water crisis has reached a breaking point, requiring more urgent, strategic and coordinated national interventions to arrest and reverse the significant decline seen over more than a decade.

Transnet outlines ‘transact for value’ model for private sector participation transactions

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Transnet CEO Michelle Phillips says the sale of a 49.99% interest in its largest container terminal last year to International Container Terminal Services had set the tone for the way in which the State-owned group would approach other private sector participation (PSP) transactions across its rail, ports, and pipelines businesses. Having faced two years of legal delay, the sale of the stake in the Durban Container Terminal Pier 2, now trading as the Durban Gateway Terminal, generated a profit on disposal for Transnet of R12.5-billion.

Joint working committee to probe solutions to Rand Water’s power supply issues

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A joint working committee, led by the Department of Water and Sanitation (DWS), will be established to identify solutions to ensure that Rand Water obtains a reliable electricity supply. This followed an urgently convened stakeholder meeting this week after the pumping operations of Rand Water’s Eikenhof Booster Station was impacted by a power outage on Tuesday.
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