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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

World Bank Group appoints chief economist

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World Bank Group president Ajay Banga has announced that Nobel laureate Michael Kremer has been appointed World Bank Group chief economist and senior VP for development economics, with effect from October 1, bringing one of the world’s foremost development economists to lead the institution’s research, data and analytical agenda. “I am pleased to welcome Michael to the World Bank Group. He joins us at a time when the world needs bold solutions to its most urgent development challenges, including creating jobs that meet the aspirations of more than 1.2-billion young people reaching working age in the coming decade. “Michael has spent his career not just identifying what works in development but proving it at scale – and that is exactly the kind of thinking we need,” says Banga.

Africa has two airports in the global megahub airports list

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Global aviation data and analytics group OAG has included two African airports in its latest list of the world’s 50 most connected airports (which it describes as “megahubs”). The list was published in its newly released 'Megahubs 2026' report. This compares with three in the Middle East, 16 in Asia (excluding Oceania), four in Latin America, 12 in Europe, and 11 in the US alone. Australia and Canada accounted for one each. The two African airports were South Africa’s OR Tambo International Airport, in Johannesburg, and Ethiopia’s Addis Ababa International Airport. OR Tambo was ranked fortieth, while Addis Ababa came in at fiftieth.

US agency to invest $155m in African digital infrastructure firm WIOCC

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The US International Development Finance Corporation said on Wednesday it would invest up to $155-million in African digital infrastructure provider WIOCC, underscoring Washington's support for projects seen as critical to the expansion of US technology companies. Washington has increasingly backed telecommunications and digital infrastructure projects in Africa as it seeks to provide alternatives to Chinese technology providers like Huawei, including through a $100-million loan to US-owned telecoms operator Africell.

Poland pledges $1.1bn for African projects

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Bank Gospodarstwa Krajowego (BGK), Poland’s State development bank, has confirmed an allocated financing facility exceeding $1.1-billion, earmarked specifically for trade, joint ventures (JVs) and infrastructure projects across sub-Saharan Africa. A quarter of that allocation, or about $250-million, is targeted directly at South African ventures. The ‘Team Poland’ initiative brings together six sSate institutions – BGK, the Polish Investment and Trade Agency (PAIH), the Polish Development Fund and export credit insurer KUKE, among others – to provide financing, risk underwriting and market advisory for international expansion.

Eskom unbundling to be carefully sequenced and managed over coming 18 months – Pieterse

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National Treasury director-general Dr Duncan Pieterse has described moves under way to transfer ownership and control of Eskom’s grid assets to an independent Transmission System Operator (TSO) in the coming 18 months as a prerequisite for the investment and competition needed for affordable electricity. Pieterse co-chairs the Eskom Restructuring Task Team (ERTT) set up by President Cyril Ramaphosa in February to develop a detailed proposal and implementation plan to deliver an independent State-owned TSO.
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