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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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Group Five exits business rescue with full creditor repayment

The business rescue practitioners (BRPs) of Group Five Construction and Group Five Limited, Dave Lake and Peter van den Steen of Metis Strategic Advisors, have confirmed the formal termination of the business rescue proceedings of both companies following the substantial implementation of the adopted business rescue plans. When business rescue proceedings began in March 2019, Group Five faced about R7-billion in creditor and contingent exposures, more than 2 300 creditors, 119 active projects and close to 6 000 employees employed in 180 companies across 38 countries.

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