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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

Ascendis considers JSE delisting with conditional 97c a share buyback offer

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JSE-listed health and wellness company Ascendis Health has started a process that could lead to the company being delisted from the exchange. As part of this process, the company has made a conditional proposal to buy back its ordinary shares, excluding treasury shares, from shareholders who choose to sell. The proposed cash price for the buyback is 97c a share.

IEA lowers 2030 low-emissions hydrogen production outlook

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The International Energy Agency (IEA) has lowered its outlook for the amount of low-emissions hydrogen it expects will be produced yearly by 2030, following recent project delays and cancellations. The low-emissions hydrogen tracked by the IEA includes green hydrogen produced using electrolysis, as well as hydrogen produced from fossil fuels but where the carbon emissions are captured.

Build relationships for trade diversity now, even if it means tighter short-term margins, FNB ...

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With global trade fragmenting, protectionism rising and markets turning inward, agriculture market diversification is not just a good idea, but a commercial imperative, FNB senior agriculture economist Paul Makube has said. Speaking during a side event of the G20 Agriculture Ministerial Meeting on September 11, he said South Africa’s agricultural exporters were being encouraged to reposition their products into non-traditional markets to help improve trade resilience.

Momentum installs solar plants at its offices in Gauteng, the Western Cape

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JSE-listed life insurance and financial services firm Momentum Group has installed two large-scale solar energy plants at its Centurion head office, in Gauteng, and its Parc du Cap regional office, in the Western Cape. The plants generate a combined 7.5 GWh/y of electricity and the group estimates that it will lead to cost savings of R13-million a year, while enhancing business continuity and reducing Momentum’s carbon footprint.

Draft National Credit Act regulations withdrawn

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Trade, Industry and Competition Minister Parks Tau has withdrawn the draft National Credit Act amendment regulations, which list educational institutions as originators of credit information, meaning educational debt would appear on credit reports, and which had been published in the Government Gazette on August 13. The decision was prompted by an overwhelming public response, including more than 20 000 submissions, the vast majority of which were opposed to the proposed regulations.
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