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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

Draft amendments to B-BBEE codes open way for Transformation Fund

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Trade, Industry and Competition Minister Parks Tau has Gazetted proposed amendments to the existing Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice in a bid to open the way for the establishment of a new Transformation Fund. The notice has allocated 60 days for public comment on the draft amendments.

Reserve Bank keeps repo rate steady in split decision

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South Africa's central bank kept its main lending rate unchanged at 6.75% on Thursday, saying it wanted to see inflation expectations fall further and citing potential price pressures including electricity tariffs. The majority of economists polled by Reuters had expected no change in the repo rate. Central bank Governor Lesetja Kganyago told a press conference that four members of the bank's Monetary Policy Committee preferred to keep the repo rate steady, while two favoured a 25-basis-point cut. "We look forward to (inflation) expectations declining further as South Africans experience ongoing lower inflation," Kganyago said. South Africa's headline inflation rate inched up to 3.6% in December from November, above the bank's 3% target but staying within its one-percentage-point tolerance band.

Energy Regulator grants 87c/kWh tariff relief to ferrochrome smelters

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The Electricity Regulator has approved an application by Eskom to extend temporary tariff relief to ferrochrome producers Samancor Chrome and the Glencore-Merafe Chrome Venture for a period of 12 months. Eskom made an application to the National Energy Regulator of South Africa (Nersa) to supply electricity to smelters owned by the two entities at a temporary tariff of 87c/kWh.

Don’t protect vehicle assembly sector to the detriment of the retail sector, warns MISA

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South Africa must strike a balance between protecting its automotive manufacturing sector against the impact of imported vehicles from China and India, while not hampering the growth of its retail motor industry, says trade union the Motor Industry Staff Association (MISA). MISA represents more than 75 000 members in the retail motor industry.
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