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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

Monale Ratsoma appointed NDB VP and chief risk officer

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Development finance institution the New Development Bank (NDB) has appointed Monale Ratsoma VP and chief risk officer, with responsibility for risk management, corporate strategy, policies, partnerships and enforcing environmental, social and governance standards. The appointment is with effect from July 8. Prior to that, Ratsoma was NDB VP and CFO from July 2024.

Outa takes government to High Court over Aarto Phase 2 implementation

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The Organisation Undoing Tax Abuse (Outa) has announced that it has initiated an urgent application to the High Court to put the implementation of the Administrative Adjudication of Road Traffic Offences (Aarto) second phase on hold. Outa believes that government is bringing the amended legislation into force although it has not yet set up the legal safeguards that motorists have the right to have. In the application, the organisation is asking the Court to pause Aarto Phase 2 until government ...

Stage 1 of the Olifants Management Model Programme reaches mezzanine debt financial close

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The Badirammogo Water User Association (BWUA) on Tuesday said that it has passed a significant financing milestone for one of South Africa’s largest water infrastructure programmes. Stage 1 of the R25-billion Olifants River Management Model (OMM) Programme has achieved financial close with its mezzanine debt lender, climate-focused blended finance investment manager Climate Fund Managers.

PIC board welcomes FSCA oversight

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The board of the Public Investment Corporation (PIC) says it welcomes the Financial Sector Conduct Authority's (FSCA's) ongoing supervisory engagement and confirms that it has furnished the FSCA with the information and documentation it requested on the whistleblower report and associated governance process. The FSCA on July 14 announced that it would conduct an investigation into developments at the PIC in terms of Section 135 of the Financial Sector Regulation Act.
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