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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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Developer urges use of pension funds to fuel local construction growth

South African pension funds should be used more aggressively to finance local construction, Oceans Umhlanga Development chairperson and developer Vivian Reddy has said, arguing that current offshore investments divert resources that could rather be used to create jobs within the country. "I believe one of the unfortunate situations in South Africa is [that] Section 28 in the Pension Funds Act allows you to take money offshore. They increased the threshold from 30% to 45% for pension funds of South African workers to be invested offshore, creating employment in Portugal, London, the US, and the rest of the world, when the employment should be created right here in South Africa," Reddy told delegates at the 2025 National Construction Summit, in Ekurhuleni, on November 13.

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