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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

European Union elevates South Africa’s R105bn green hydrogen project to new high

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European Commission President Ursula von der Leyen elevated South Africa’s R105-billion Nelson Mandela Bay green-hydrogen-to-green-ammonia project to a new high when she singled it out for special mention in announcing a massive rise in funding for the South Africa-European Union Just Energy Transition Partnership. The new nigh-€12-billion package is a streak ahead of the €4.7-billion Global Gateway figure, which was celebrated at the EU–SA Summit in Cape Town in March.

Court ruling opens way for much-delayed DCT Pier 2 transaction

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The KwaZulu-Natal High Court has dismissed an application to have Transnet’s July 2023 selection of a preferred bidder to develop and upgrade the Durban Container Terminal (DCT) Pier 2, in KwaZulu-Natal, reviewed and set aside – a judgment that opens the way for the much-delayed private sector participation (PSP) project to proceed. Following a bidding process, Transnet named International Container Terminal Services Incorporated (ICTSI), of the Philippines, as the preferred bidder for a 25-year joint venture with Transnet Port Terminals at its flagship, but underperforming, terminal.

RFA backs Port of Gauteng plan but warns success depends on private-sector role, real ...

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The Road Freight Association (RFA) has thrown its weight behind the proposed R50-billion Port of Gauteng project, calling it a potential “missing link” to revitalise South Africa’s logistics network. However, the association has warned that the project’s success will depend on genuine private-sector participation and true road–rail integration, rather than creating another centralised bottleneck inland.

Sappi adjusts capex, will not declare dividend to contain debt

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JSE-listed Sappi says in a voluntary update that it is intensifying efforts to enhance the group’s financial flexibility, with the immediate focus remaining on internal factors within its control, primarily the reduction of debt and strengthening the balance sheet. To support the commitment to reducing debt, Sappi has adjusted its capital expenditure (capex) downward for the next two years, with no expansionary capex anticipated during this period.

Newco urges remaining Barloworld shareholders to tender ahead of delisting

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Industrial equipment company Barloworld’s shareholders that are holding on to their shares could hurt the stock’s trading performance and liquidity if the company fails to reach the 90% threshold required for delisting, consortium backed Newco spokesperson Sydney Mhlarhi has warned. Speaking to Engineering News on October 10, he urged shareholders to tender their shares promptly to allow Newco to take the company private and delist it fully – a move he said would be better for the company and for the remaining shareholders.
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