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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

US travel numbers to South Africa greater than ever before, reports United Airlines

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The number of US visitors to South Africa is now higher than it was in 2019, the last year before the Covid-19 pandemic hit, United Airlines director sales continental Europe, India, Israel, Africa & Middle East Thorsten Lettnin tells Engineering News, in an exclusive interview. In 2022, the total number of travellers to South Africa from the US was some 350 000, a number on par with that for visitors to South Africa from the UK. “Since Covid, we have seen stronger demand on our South Africa routes,” he reports. “We think this is a new normality. It’s very good for United. We’re a major facilitator of US tourism to, and trade with, South Africa. We’re really happy. Interestingly, on the business travel side, smaller companies have come back to air travel faster that the big businesses.”

Plunging currencies, El Niño to delay rate cuts in African economies

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Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and shallower interest-rate cuts for African central banks this year. Over the next three weeks, analysts predict Nigeria, Angola and Zambia, who are still fighting double-digit inflation, will raise interest rates and only start reducing them next year.

$2.2bn pledged to support clean-cooking access in Africa

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Pledges worth $2.2-billion to support clean-cooking access in Africa were made at a summit in France on Tuesday, convened by the International Energy Agency (IEA). It is estimated that more than one-billion people in Africa currently lack access to clean-cooking solutions and instead cook over open fires and basic stoves, using charcoal, wood, agricultural waste, and animal dung as fuel.

Organisations call ‘rushed’ NHI Bill an electioneering ploy

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Business Leadership South Africa (BLSA) has again expressed concern about the National Health Insurance (NHI) Bill on the eve of its planned promulgation by President Cyril Ramaphosa’s. Signing the NHI as is into law will discount the significant public comment having been made on the proposed Bill, most of which has found the NHI to be unworkable, economically damaging and contrary to the precepts of the South African Constitution.
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