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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

MTN invests R220-million in Eastern Cape

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Telecommunications group MTN South Africa is investing R220-million to enhance network quality, performance and resilience, expand connectivity, particularly in rural areas, and upgrade infrastructure in the Eastern Cape. This includes the deployment of new base stations, as well as operational enhancements, site modernisations and capacity upgrades on more than 250 existing sites.

South Africa plans jail time, fines under new emissions rules

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South Africa will seek jail time, fines and higher taxes for breaches of proposed rules to govern carbon emissions that will apply to almost all sectors of the economy. The proposed regulations, due to take effect at the beginning of next year, will see the setting of so-called carbon budgets for emitters of climate-warning greenhouse gases. A failure to meet reporting requirements could see executives imprisoned, while exceeding emission limits may trigger a higher carbon-tax rate. “We are the only ones that have this price across our whole economy” with the exception of waste and agriculture, said Jarredine Morris, co-head of the Africa Office of Carbon Trust, a carbon emissions consultancy. It will mean “we really have a way to have industry to start to do things rather than kick the can down the road,” she said.

Cabinet to meet on support package for firms and workers exposed to 30% US tariffs

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Trade, Industry and Competition Minister Parks Tau will present Cabinet with a proposed support package for South African companies and workers that will be negatively affected by the 30% reciprocal tariffs to be imposed on South African exports to the US at 12:01 am eastern daylight time on August 8. The package is being developed in parallel to ongoing attempts to negotiate a trade deal with the US, which accounts for 7.5% of all South African exports, making America South Africa’s third-largest global export market after the EU and China.

Mpact’s interim trading, profitability impacted by challenging trading environment

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Paper and plastics packaging business and recycler Mpact says it continued to face a persistently challenging trading environment during the six months ended June 30, resulting in trading and profitability ending below expectations. The general economy remained subdued, despite lower interest rates and inflation, while uncertainty across local and global markets negatively impacted on business confidence, Mpact says.
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