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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

Four diverging pathways for global economy show potential split by 2050 – BCG

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The global economy could follow markedly different paths over the next 25 years, with four scenarios modelled by think tank Boston Consulting Group Henderson Institute (BHI) indicating that global GDP growth could slow to about 1.8% a year or rise to 5% a year and the global economy could reach anywhere from 1.6- to 3.4-times the size of the current global economy by 2050. Similarly, the different scenarios indicate that global trade could fall to about 35% of GDP – near Cold War–era levels – or remain near current levels of about 60%, while low-carbon electricity could account for between 55% to 90% of power generation by 2050.

Deputy Minister highlights progress at a local level of climate policy framework

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Forestry, Fisheries and the Environment Deputy Minister Narend Singh has welcomed the launch of the South African Local Government Association - Adaptation Climate Foundation (Salga-ACF) funded Climate Action Planning Support Project. Speaking at an engagement convened at the launch, under the theme “From Policy to Practice”, Singh highlighted that partnerships such as these are essential instruments that enable government to translate policy into practice, and commitments into measurable outcomes at the local level.

The Capital Hotel Group opens new R270m hotel in Gqeberha

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The Capital Boardwalk, Gqeberha’s new aparthotel, conferencing venue and entertainment complex, will open its doors to guests on May 1. The R270-million development includes an in-house restaurant, and 145 hotel rooms and apartments, with access to The Boardwalk casino, the beachfront and shopping centre.

Rising vehicle write-offs are reaching a potential risk point – body repairers association

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The South African Motor Body Repairers Association (Sambra) says rising vehicle write-offs may be reaching a potential risk point, with some vehicles now being written off at levels as low as 35% of their value. Sambra national director Juan Hanekom says this trend is increasing the volume of damaged vehicles entering the market, placing greater pressure on existing systems to ensure transparency and proper tracking.

South Africa’s pipeline of advanced wind projects stands at 17 GW – GWEC

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The Global Wind Energy Council (GWEC) remains optimistic about prospects for ongoing growth in South Africa, stating in its newly released ‘Global Wind Report 2026’ that the country has about 17 GW of advanced projects that could enter construction within the next five years. While acknowledging the grid constraints that are limiting wind installations, the report nevertheless describes South Africa as an attractive market.
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