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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

Lower inflation target set to reshape Rand’s long-term path

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South Africa’s new lower inflation target is giving the rand fresh momentum, with policymakers and analysts agreeing it could curb a long-term track record of weakness. Africa’s largest economy last month formally adopted a 3% inflation target long championed by central bank Governor Lesetja Kganyago, aligning the goal more closely with trading partners. The shift — replacing the 3% to 6% target band in place since the turn of the century — has helped pull 10-year bond yields to 2017 lows and put the rand on track for its strongest year against the dollar since 2009.

Eskom offers more details on envisaged roles for the NTCSA and the TSO

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Eskom has provided further details on the distinctive roles it envisages being performed by the National Transmission Company South Africa (NTCSA) in relation to the transmission system when compared with the yet-to-be-established Transmission System Operator (TSO). Under a newly approved unbundling framework, the NTCSA is set to remain a wholly owned subsidiary of Eskom Holdings and retain ownership of the transmission system assets, while the TSO will be established as a new State-owned Company outside of Eskom Holdings.

Eskom offers more details on envisaged roles of the NTCSA and the TSO

SuperUser Account 0 5 Article rating: No rating
Eskom has provided further details on the distinctive roles it envisages being performed by the National Transmission Company South Africa (NTCSA) in relation to the transmission system when compared with the yet-to-be-established Transmission System Operator (TSO). Under a newly approved unbundling framework, the NTCSA is set to remain a wholly owned subsidiary of Eskom Holdings and retain ownership of the transmission system assets, while the TSO will be established as a new State-owned company outside of Eskom Holdings.

US agency, consortium sign $553m loan for Angola railway revamp

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The US International Development Finance Corporation signed a $553-million loan with a consortium of firms on Wednesday for the refurbishment of an Angolan railway line - part of the Lobito critical minerals transport corridor. The high-profile US-backed Lobito Corridor, which will connect copper and cobalt mines to the Atlantic coast, is part of Washington's global push to secure access to strategic metals and its efforts to counter Chinese influence in Africa.

NTCSA says any electricity deal to salvage Mozal must ensure its financial sustainability

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The National Transmission Company South Africa (NTCSA) reports that it remains open to finding a solution for the Mozal aluminium smelter. But it also insists that any new electricity supply agreement with the Mozambican facility should safeguard its financial stability and protect South African electricity consumers from unintended costs. In a statement following an announcement by South32 that Mozal would be placed into care and maintenance when a 20-year electricity deal expired on March 15, the Eskom Holdings subsidiary indicated that Mozal required an electricity price that was “significantly lower than the direct cost of supply”.
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