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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

More engineers, technical capacity needed in municipalities to boost service delivery – IMESA

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Technical capacity within municipalities play a central role in addressing service delivery and infrastructure challenges, says the Institute of Municipal Engineering of Southern Africa (IMESA), calling for the appointment of more engineers. Residents and communities are increasingly frustrated by water shortages, failing roads and broken infrastructure, and President Cyril Ramaphosa, in his State of the Nation address, acknowledged that patronage at the expense of technical capacity and merit, is weakening local government administrations in many places.

South African banks raise $322m in debut rescue-debt issue

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South Africa’s biggest lenders raised $322-million in new loss-absorbing debt to comply with a central bank framework designed to ensure failing financial institutions can be recapitalised without taxpayer bailouts. Absa Group Ltd. raised R3.2-billion through the new instruments that are known as funding for loss-absorbing capacity, or FLAC, notes, the lender said in a statement Friday. They’re linked to Zaronia, the reference rate for short-term financial contracts that the central bank is introducing to replace the Johannesburg interbank average rate by year-end. Investor demand exceeded expectations. Against a target of R3-billion, the auction drew R8.41-billion in bids, with the notes 2.65 times oversubscribed, Absa Treasurer Richard Klotnick said in the statement.

NHI paused for now as Ramaphosa awaits ConCourt ruling

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Two cases relating to the controversial National Health Insurance will be heard in the Constitutional Court in May, prompting President Cyril Ramaphosa to refrain from promulgating any provisions of the Act until they are both finalised. One of the challengers of the NHI Act, Solidarity, said on Friday that it had received communication from Ramaphosa’s legal team that the NHI would be placed on hold. It was signed into law by Ramaphosa in 2024 but is yet to be implemented. The two cases that will be heard in May relate to public participation challenges. “We are instructed to advise that, in order to ensure the orderly procedural conduct of the pending challenges and to avoid parallel proceedings overlapping, the President confirms the undertaking set out below. The President undertakes not to promulgate any provisions of the NHI Act prior to the Constitutional Court handing down judgment in the public participation challenges,” a letter from Ramaphosa’s legal team reads.

Toyota SA guns for new sales record this year

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Toyota South Africa Motors (TSAM) will chase a new record of 153 178 unit-sales this year, says senior sales and marketing VP Leon Theron. He says TSAM’s highest sales ever were 152 000 units in 2007, with last year delivering the second-highest ever, at 148 124 units.

dtic wants to stabilise Tongaat Hulett, engaging stakeholders to ensure survival

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The Department of Trade, Industry and Competition (dtic), together with other organs of State, will support all lawful efforts aimed at finding a viable and durable resolution to stabilising and restructuring sugar miller Tongaat Hulett. The dtic believes this can be achieved through a sustainable solution that balances the interests of workers, growers, communities, creditors and the country.
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