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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

Absa PMI shows sharp drop in factory output in August

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The business activity subindex of financial services firm Absa’s Purchasing Managers’ Index (PMI) showed a sharp deterioration of 8.6 points to 40.2 in August, which is its lowest level this year and signals a sharp deterioration in factory output, says economic research institute the Bureau for Economic Research (BER). The headline Absa PMI declined further in August, falling to 45.8 points from 46.8 in July.

Bontebok National Park reopens to the public after May floods

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The Bontebok National Park, near Swellendam, in the Western Cape, is again open to the public after the road, chalets and camping area were repaired. Severe flooding on the Breede river in the Western Cape in May caused severe damage to some of the park’s chalets and the picnic site, as well as the near-complete destruction of the main access road to the accommodation area.

Sasol earnings up 9% on higher oil prices, fuel sales volumes

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South African petrochemical firm Sasol said on Tuesday its annual profit rose 9% from a year ago, buoyed by higher crude oil prices and increased fuel sales volumes.  Sasol's headline earnings per share – a profit measure – came in at R38.31 in the year ended June 30, compared with R35.13 the previous year.

‘It ain't broke’, Ramokgopa says on whether Nyati should stay as Eskom chair

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Electricity and Energy Minister Dr Kgosientsho Ramokgopa has indicated that it would be his preference for Eskom chairperson Mteto Nyati to remain in the role beyond his term, which ends in October, while underlining Cabinet’s primary role in the decision. Speaking at Eskom’s results presentation, where the utility reported a R30.3-billion profit, the Minister highlighted the positive role that Nyati had played in supporting the State-owned group’s operational and financial turnaround, while suggesting that his departure would be premature.
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