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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

Azura Power acquires majority stake in Enpower Trading

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African power company Azura Power has acquired a majority stake in renewable energy trading company Enpower Trading, marking Azura’s first investment in South Africa. Azura has not disclosed what stake it now holds in Enpower or how much it has invested in the business to acquire that stake.

ISA releases third construction book with R395bn infrastructure pipeline

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State project coordination organisation Infrastructure South Africa (ISA) has released the third Construction Book, which includes 110 projects across six infrastructure sectors with a combined value of about R395-billion. The Construction Book provides a detailed list of infrastructure projects that have allocated budgets and are expected to enter procurement and construction over the next 12 to 18 months.

Developing countries hit by overlapping crises, UNDP chief warns

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Rising energy costs, a super El Nino and soaring borrowing costs are increasing pressure on developing countries, with conditions nearing those of the pandemic when the G20 suspended debt payments for the poorest nations, the United Nations Development Programme said on Friday. Global policymakers are expected to discuss the huge challenges facing developing countries at the annual meetings of the International Monetary Fund and World Bank in the Thai capital Bangkok from October 12 to 18, UNDP Administrator Alexander De Croo told reporters. He warned events could trigger a "domino effect with many, many countries being pushed into financial distress," but stopped short of calling for a new round of debt relief.

Absa becomes first African bank to offer digital-asset custody

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Absa Group has become the first bank on the continent to offer digital-asset custody as it seeks to tap a market estimated at about $1.5-billion. The Johannesburg-headquartered lender will offer its South African asset institutional clients, which include asset managers, non-bank financial institutions and corporates, with secure safekeeping, administration and transfer services for digital assets.

Ten years at the wheel, Toyota boss gears up for yet more change

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Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby this year marks a decade in the driver’s seat at the country’s best-selling vehicle brand. (Toyota has, in fact, been South Africans’ favourite car brand for 46 years running.) When Kirby took charge of the Japanese subsidiary in 2016, the automotive industry was a very different place, both globally and on the domestic front.
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