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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

Sasol commissions China’s Envision to design Sasolburg e-methanol project

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South African chemicals and energy company Sasol has signed an agreement with Chinese green technology and renewable-energy company Envision to undertake the engineering design for an e-methanol project at the Sasolburg operation, in South Africa's Free State province.   The signing took place during a visit to Envision’s Net Zero Industrial Park, in Chifeng, Inner Mongolia, on August 5. The visit was a side event to the South Africa-China Electricity & Energy Investment Conference, being held in Beijing, China, this week.

Concerns raised over water licensing, project implementation delays

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The Portfolio Committee on Water and Sanitation raised concerns that, despite Presidential commitment since 2020, there are continued delays in processing water use licences (WULs). This followed the committee’s receipt of the Department of Water and Sanitation's (DWS’s) first-quarter performance report on Tuesday, when it was outlined that the department is currently approving about 68% of WUL applications against a target of 85%.

South African private sector growth slows slightly in July, PMI shows

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South Africa's private sector expanded for a second straight month in July, though at a slightly slower pace as weaker employment growth and renewed stock drawdowns offset a return to output growth, a business survey showed on Wednesday. The S&P Global South Africa Purchasing Managers' Index (PMI) fell to 50.3 in July from 50.5 in June, a survey by S&P Global showed.

Sasol points to stronger earnings on back of higher sales and prices

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Energy and chemicals producer Sasol reports that its earnings for the year to end-June will be higher than the prior year, owing to a combination of higher sales and prices, which more than offset the impact of the stronger rand. In a trading statement issued ahead of the release of Sasol’s financial results on September 1, the group said that its headline earnings per share (HEPS) would be between R36 and R40, up between 2% and 14% compared with  the prior year HEPS of R35.13.

IHS shareholders green light MTN transaction

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JSE-listed MTN Group has secured IHS shareholder approval to acquire the remaining shares it did not own in the tower company. In February, JSE-listed MTN Group announced plans to increase its 24.7% shareholding in IHS to 100%.
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