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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

SARS Commissioner welcomes Constitutional Court judgment on zero-rating of gold

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The Commissioner for the South African Revenue Service (SARS) Dr Johnstone Makhubu has welcomed the unanimous judgment of the Constitutional Court in Lueven Metals v Commissioner for the SARS, which confirms SARS’ interpretation of Section 11(1)(f) of the Value-Added Tax Act. In a media release, SARS explains that the judgment clarifies that the zero-rating of gold supplied to the South African Reserve Bank, the South African Mint Company or a registered bank applies only where the gold is supplied in one of the prescribed forms and has not undergone any manufacturing process other than refining or the manufacture or production of those prescribed forms.

Trade Deputy Minister underlines importance of One-Stop Shop for energy project developers

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Reliable energy remains the foundation of economic growth – without it, businesses cannot plan, investors hesitate and opportunities are lost before they are even created, Trade, Industry and Competition Deputy Minister Alexandra Abrahams said, speaking at the Energy One-Stop Shop Technical Working Group meeting on June 23. The Energy One-Stop Shop serves as the primary institutional vehicle for derisking and accelerating energy investments, positioned as a centralised, frictionless gateway for project developers.

Infrastructure South Africa raises alarm over high level of tender cancellations

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Infrastructure South Africa (ISA) has raised concern about the high level of tender cancellations, which it believes is having a negative impact on the construction market, as well as on meeting the country’s goal of raising gross fixed capital formation (GFCF) to 30% of GDP. ISA acting head Simphiwe Ndlovu told members of Parliament’s Select Committee on Public Infrastructure that a recent high-level analysis showed that more than 70% of the total number of advertised tenders had been either cancelled or closed.

CIPS outlines strategies for supply chain resilience amid energy challenges

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South Africa may have largely moved beyond the sustained phases of loadshedding that defined recent years; however, energy costs continue to climb, global professional body the Chartered Institute for Procurement & Supply (CIPS) indicates. In March, the National Energy Regulator of South Africa approved electricity tariff increases of 8.76% for direct customers of State-owned utility Eskom and 9.01% for municipal customers for the 2026/27 financial year, adding further pressure to businesses already grappling with rising operating and logistics costs, the professional body points out.
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