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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 Africa's data centre 'gold rush' risks resource crunch

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Rapid expansion of data centres has helped make South Africa the continent's biggest digital hub, even as critics warn the industry's appetite for electricity and water could worsen shortages affecting millions of people. President Cyril Ramaphosa this month hailed the growth of data centres as essential for the country's security and its businesses, while calling for the protection of human rights and the environment amid the boom.

Pepkor to combine Flash with Shop2Shop, eyes future listing for new fintech unit

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South African retailer Pepkor Holdings said on Wednesday it will combine its fintech subsidiary Flash with payments platform Shop2Shop in a deal valuing the merged business at around R21.3-billion. The transaction will give Pepkor a controlling 57.1% stake in the combined business, FintechCo, through a R1.57-billion cash subscription for new Shop2Shop shares and by contributing its entire shareholding in Flash, valued at R10.6-billion, the clothing retailer said in a statement.

Godongwana set to remove PIC chair – Report

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South Africa’s finance chief is preparing to oust his deputy from the position of chairman of the board of the Public Investment Corp (PIC), the State pension fund manager that’s been wracked by corruption and instability, News24 reported. Finance Minister Enoch Godongwana called a general meeting of the PIC for July 27 at which the PIC’s non-executive directors and his deputy, David Masondo, would face a shareholder vote for removal, the Cape Town-based news website said, citing a notice issued by the minister. The PIC is 100% State-owned and Godongwana acts as the government’s shareholder representative.

Monetary policy, Joburg financial constraints weigh on South Africa’s outlook – BMI

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Given the recent uptick in the US-Iran military exchange and BMI’s shift to a ‘messy negotiation scenario’, the research unit will be reviewing its forecasts over the coming week, but does not anticipate making “significant revisions” to its South African ones for the year.   This was highlighted by research firm BMI sub-Saharan Africa country risk senior analyst Lara Wolfe, speaking in the company’s “Sub-Saharan Africa Macroeconomic Update: Resilience Despite Challenging Global Environment”, webinar on July 21.

ASPI subsidiary, US university sign uranium conversion technology research agreement

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Development stage nuclear fuels company Quantum Leap Energy (QLE) has signed a research agreement with the Texas A&M University Engineering Experiment Station (TEES) to advance and derisk the commercial production of high-purity uranium hexafluoride (UF6), which is a critical feedstock in the existing nuclear fuel enrichment supply chain. This agreement reflects the growing momentum across Texas' nuclear industry and highlights the value of collaboration in strengthening the domestic US nuclear fuel supply chain.
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