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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

Cresco warns of potential energy security risk if diesel supply for OCGT is constrained

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South Africa's power utility Eskom, which uses diesel in its open-cycle gas turbine (OCGT) generators to meet peak demand, may have to start implementing Stage 1 or 2 loadshedding in a scenario of constrained diesel supply, warns financial advisory firm Cresco Project Finance Energy Strategy advisory partner Dominic Goncalves. About 57% of South Africa’s total refined diesel supply is shipped through the Strait of Hormuz, and only two of five local refineries in South Africa are operational.

CGA, DoA welcomes prospect of increased citrus export to China through amended protocol

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The Department of Agriculture (DoA) and the Citrus Growers’ Association of Southern Africa (CGA) have welcomed the successful amendment of the plant health protocol governing the export of South African citrus to China. This marks an important step forward for the industry that will deliver tangible benefits across the value chain – both in China and South Africa.

Eskom and ferrochrome producers strike 62c/kWh deal, with Nersa process to follow

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Electricity utility Eskom has announced the conclusion of a much-anticipated 62c/kWh electricity tariff deal with ferrochrome producers Glencore-Merafe Chrome Venture and Samancor Chrome. The State-owned company also reiterated that the concluded agreements remained subject to approval by the National Electricity Regulator of South Africa (Nersa).

South African rand slips in early trade; US-Iran talks in focus

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The South African rand was marginally weaker in early trade on Friday, with its future direction likely to be determined by the outcome of weekend talks between the US and Iran in Islamabad. At 0606 GMT the rand traded at 16.42 against the dollar, about 0.1% weaker than its previous close. Despite the modest fall, the risk-sensitive currency was set to end the week more than 3% stronger versus the dollar.
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