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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

BMA names winning bidders for R12bn project to redevelop six ports of entry

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The Border Management Authority (BMA) has announced the winning bidders for the R12-billion redevelopment of its six busiest land border posts, confirming a mix of private sector partnerships that will drive the project. BMA commissioner and CEO Dr Michael Masiapato highlighted in an April 28 briefing that construction will be undertaken in phased programmes over two to three years.

World Bank warns largest energy price surge in four years will drive inflation

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Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, says international finance organisation the World Bank Group in its 'Commodity Markets Outlook' report. Overall commodity prices are forecast to rise by 16% in this year, driven by soaring energy and fertiliser prices and record-high prices for several key metals, the World Bank says.

Envusa Energy confirms supply of renewable energy to key mines

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Energy trader Envusa Energy last week inaugurated some of the renewable energy projects that make up its flagship 520 MW Koruson 2 (K2) Cluster in the Eastern Cape and Northern Cape, with power now being supplied to key mining players in the country. Envusa was established as a joint venture between global miner Anglo American and French group subsidiary EDF power solutions in 2022, to develop a large-scale renewable energy ecosystem with the capacity of between 3 GW and 5 GW of renewable energy by 2030.

Govt announces further two-month extension to fuel price relief

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Amid the ongoing conflict in the Middle East and its impact on global oil prices and domestic fuel prices, National Treasury and the Department of Mineral and Petroleum Resources (DMPR) has announced further price relief measures for May and June. For April, Treasury and the DMPR halved the fuel levy by R3 a litre and have now decided to extend that reduction to June 2. The general fuel levy for petrol will remain at R1.10 a litre until June 2.

BII funds electric mobility in Ethiopia as it targets ‘frontier markets’ under Maasdorp

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UK development finance institution British International Investment (BII) has committed $5-million in debt financing to Ethiopia’s Dodai as part of the company’s $13-million Series A round. A Series A round is a startup’s first significant round of institutional venture capital financing, typically raised after initial seed funding to scale operations, grow the team and build a sustainable business model.
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