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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 lashing out because it is a declining empire – Mantashe

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Mineral and Petroleum Resources Minister Gwede Mantashe has said the 30% tariffs imposed on South African exports to the US are a form of death throes aggression, alleging that it is a desperate move from a waning power that senses its influence slipping. “The danger with the US imposing the 30% tariffs is that it is the kicking of a declining empire. It is going to hurt many because it's in decline. The influence of the US is declining fast, and they are very agitated about that.

JSE delivers strong interim performance

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The JSE delivered a strong first-half performance, with net profit after tax for the six months ended June 30 up 13.2% year-on-year to R557.8-million, group CEO Leila Fourie says in a statement outlining the unaudited results for the period. “Growth was driven by elevated equity market activity and consistent execution across our core business lines. Capital Markets, Post-Trade and Information Services each delivered solid revenue gains, reinforcing the strength of our established businesses and the improved quality of earnings stemming from a more diversified revenue base.

Pan African signs ten-year renewable supply deal with NOA Trading

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Gold producer Pan African Resources has signed a ten-year renewables supply agreement with licensed electricity trader NOA Group Trading for 10% of its total yearly electricity load of 112 GWh. The agreement allows Pan African to source wheeled renewable energy from multiple generation facilities for its Barberton Mines, Evander Mines and Mogale Tailings Retreatment (MTR) operations in the Mpumalanga and Gauteng provinces.

Petrol price to decrease by 28c, but diesel prices to increase by more than 60c

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Mineral and Petroleum Resources Minister Gwede Mantashe has announced that the price of Petrol 93 and 95 will decrease by 28c/ℓ, while the prices of diesel 0.05% and 0.005% sulphur will increase by 65c/ℓ and 63c/ℓ, respectively, from August 6. Illuminating paraffin prices will increase by 32c/ℓ and liquefied petroleum gas prices will decrease by 69c/kg – and decrease by 78c/kg in the Western Cape.
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