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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

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Moody’s says South Africa is on right track for rating upgrade

South Africa is heading in the right direction for its first credit-rating upgrade by Moody’s Ratings since 2009, provided the country’s fiscal performance continues to improve. The agency, which rates South Africa Ba2 — two notches below investment grade — revised South Africa’s credit outlook to positive from stable in May. It says the country has reached an inflection point after stabilising its debt and delivering pro-growth economic reforms. “We could upgrade South Africa’s rating if fiscal performance continues to improve,” Evan Wohlmann, a vice president at Moody’s, told a virtual media briefing on Tuesday. The assessment would hinge on confidence in how the credit profile will evolve, he said. Finance Minister Enoch Godongwana delivers his mid-term budget review on October 21 and is expected to show continued growth in the country’s primary budget surplus – a gauge of how much revenue exceeds non-interest expenditure – amid higher income.

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