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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

R850m Menlyn Park Apartments development advances

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The transformation of the former Menlyn Office Park, in Gauteng, is gathering pace, with the R850-million Menlyn Park Apartments development set to introduce 1 200 rental homes alongside Menlyn Park Shopping Centre, further strengthening the evolution of the broader Menlyn precinct. Affordable rental housing company Divercity Urban Property Group and property company Pareto are undertaking the development as consortium partners.

AFC, Munich Re launch $1bn programme to support African trade

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African private sector infrastructure investment catalyst group, Africa Finance Corporation (AFC) and Germany-based global reinsurance, primary insurance and insurance-related risk specialist group Munich Re have announced that they have jointly created a $1-billion Unfunded Managed Debt Mobilisation Programme (UMDMP). The UMDMP ensures committed support for AFC’s loans to African financial institutions, intended for trade finance. AFC and Munich Re have been working together since 2018, but hitherto it was a case of Munich Re sharing the risk, one deal at a time. A number of transactions have since been completed, including two this year. But the UMDMP replaced the previous deal-by-deal approach with a standing programme. The two institutions have agreed the risk parameters and limits upfront, meaning that Munich Re now automatically takes a share in eligible AFC transactions, while AFC retains part of the risk, in every case. Thus, both their interests are aligned.

Redefine unveils internship programme to expand pathways into sustainability careers

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JSE-listed real estate investment trust (Reit) Redefine Properties has announced the launch of SustainAgility, a 12-month internship programme designed to bridge the gap between academic learning and practical sustainability experience. Pioneered by Redefine, with the Green Building Council South Africa (GBCSA) as programme partner, SustainAgility combines workplace experience, accredited learning, mentorship and exposure to live sustainability projects.

Kenya Airways enters new era with transport of live cattle from Nairobi to Lagos

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Kenya Airways (KQ) Cargo announced on Tuesday that it had successfully concluded its first ever transport of live cattle from Kenya to Nigeria. The shipment involved flying more than 50 animals from Nairobi to Lagos and was a milestone for the airline’s air cargo business. “This successful maiden operation to Lagos demonstrates our ability to respond to complex and specialised cargo requirements across the continent,” affirmed Kenya Airways Cargo Director Fitsum Abadi. “Live animal shipments require meticulous planning, specialised handling and close coordination throughout the journey. This milestone reinforces our commitment to supporting intra-African trade through flexible and reliable cargo solutions.”

Cape Town develops NEV plan; weighs 2 918 vehicles for possible Phase 1 replacement

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The City of Cape Town (CoCT) has developed a new-energy vehicle (NEV) adoption plan as part of its broader fleet management framework. This NEV plan establishes a structured and phased approach to transitioning the city’s municipal fleet towards lower- and zero-emission vehicles, says CoCT Corporate Services MMC Theresa Uys.
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