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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

TLU SA encourages newly appointed Minister Aucamp to maintain open-door approach to organised ...

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Agriculture organisation TLU SA has expressed concern about political uncertainty amid Cabinet reshuffle moves that included appointing Willie Aucamp as Agriculture Minister in John Steenhuisen's stead. While political change is part of any democracy, especially in the lead-up to municipal elections on November 4 and considering political developments within the Government of National Unity, TLU SA warns that the agriculture sector cannot afford the consequences of political uncertainty and Cabinet reshuffles.

Airlink unveils its rugby-supporting green machine E190 airliner

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South Africa’s largest regional and domestic airline, Airlink, has unveiled one of its Embraer E190 jetliners repainted in a one-off celebratory all-green livery. The aircraft, ZS-YAE, was repainted in the airline’s paintshop at Polokwane’s Gateway International Airport. (The other two specially painted Airlink aircraft have overall black liveries.)  “The aircraft is one of three sporting our Airline Skybucks customer loyalty programme paint schemes,” explained Airlink CEO de Villiers Engelbrecht. “Its unveiling coincides with Airlink being named the Official Domestic Airline for the forthcoming Rugby’s Greatest Rivalry 2026 tournament where we will fly the New Zealand and South African teams and personnel between their matches.”

Kganyago signals South Africa could hike rates again this month

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South African Reserve Bank Governor Lesetja Kganyago said inflation expectations have risen above the central bank’s 3% target, justifying the May interest-rate increase and signalling further tightening may be needed when policymakers meet later this month. The central bank raised rates in May for the first time in three years, lifting them by 25 basis points to 7% to prevent an oil shock caused by the Iran war from spilling into lasting inflation.

Absa PMI declines to 47.3 points in June, but price pressures may have peaked

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Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined from 50.8 in May to 47.3 index points in June. The sharp decline in the PMI’s purchasing price index by 13.5 points to 71.3 in June suggests that April and May may have marked the peak of price pressures, particularly given the fuel price reductions that came into effect on July 1, the bank says.

Fortress to raise R1.35bn in bookbuild

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JSE-listed real estate investment trust Fortress Real Estate Investments has placed 55.67-million B ordinary shares at R24.25 a share as a bookbuild placement following strong institutional demand. The shares represent about 4.5% of the company’s total B ordinary shares in issue and will raise gross proceeds of about R1.35-billion, it says.
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