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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

Kganyago wary of CPI yet guarded on rate outlook

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South Africa’s central bank Governor Lesetja Kganyago said policymakers will “very carefully” monitor incoming data to guide their next rate decision, as the Iran war clouds the inflation outlook and injects fresh uncertainty into the global economy. “As ever, we are not going to pre-commit to a path and give up optionality. We cannot offer certainty about our next steps,” Kganyago told an audience on Monday at Rhodes University in the Eastern Cape. “Instead, we want to maximize certainty about where inflation is going – specifically, that it is going back” to the 3% target, he said.

Vodacom to report strong FY earnings

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Telecommunications company Vodacom Group on Tuesday expects double-digit increases in earnings for the year ended March 31. In a trading update, the group said that the strong results are expected to be consistent with Vodacom's Vision 2030 double-digit earnings before interest, taxes, depreciation and amortisation growth ambition.

South African farms face El Niño drought risk on top of Iran war

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South African farmers pinched by mounting costs from the Iran war now face the added risk of an El Niño-induced drought, with implications for lower agricultural output and higher food prices. That’s according to the nation’s main agricultural business lobby, which warned of the growing likelihood an El Niño dry spell will collide with the start of South Africa’s summer planting season in October. “There are worrying developments on the weather outlook front, with serious implications for the farming sector, and ultimately the food supplies and prices in the country,” Agricultural Business Chamber Chief Economist Wandile Sihlobo said in a note on Monday.

€300m AFD loan to assist Transnet’s transition to low-carbon operating model

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State-owned freight logistics group Transnet has signed a €300-million (R5.8-billion) with Agence française de développement (AFD) to support its transition to a low-carbon operating model. The loan is linked to South Africa’s Just Energy Transition Investment Plan, and fulfils France’s larger €1-billion commitment announced at COP26.
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