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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

Nersa aims to decide on Eskom’s 62c/kWh ferrochrome tariff offer by end of June

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The National Energy Regulator of South Africa (Nersa) has confirmed that it received an application from Eskom on April 10 in relation to a 62c/kWh tariff offer for the ferrochrome sector and has indicated that the Energy Regulator is aiming to reach a decision by the end of June. Nersa’s electricity subcommittee is scheduled to approve, on April 17, the publication of a consultation paper on the amendment to the Negotiated Pricing Agreements with the Glencore-Merafe Chrome Venture and Samancor Chrome ferrochrome smelters to provide the tariff relief.

Imesa flags gaps in local govt White Paper, says previous input not considered

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Industry organisation the Institute of Municipal Engineering of Southern Africa (Imesa) says the draft White Paper on Local Government has critical gaps, despite the latest rounds of consultation and some revisions. In its current form, the White Paper will not achieve its objective to ensure that every South African municipality works, Imesa asserts.

Investors commit R105-billion-plus to Northern Cape development

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South Africa’s minerals-endowed Northern Cape province has attracted more than R105-billion in investment pledges in new and expanded mining, energy and agriculture projects, with an expected 19 800 new jobs to be created as a result. The investment accords were signed at this week’s inaugural Northern Cape Investment and Jobs Conference in Kimberley. The three-day conference was attended by over 900 stakeholders, including government Ministers, industry leaders and prospective investors, to catalyse investment and growth opportunities in the province’s green energy, minerals and mining, agriculture, industrialisation, infrastructure and logistics, and tourism sectors.

Standard Bank closes $800m sustainability-linked syndicated loan from international lenders

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Financial services firm Standard Bank has closed an $800-million sustainability-linked syndicated loan with 30 banks from across Asia, Australia, Europe, the Middle East and North America. The interest rate on the loan is linked to Standard Bank’s performance against two sustainability key performance indicators, namely green finance and social finance mobilisation, which also align with its sustainability strategy.
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