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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

South Africa's central bank governor Kganyago sees upside risks to inflation

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Rising global energy prices and food costs continue to pose upside risks to inflation in South Africa, the central bank head said on Thursday, with consumer prices expected to return to the 3% target only in 2028. Speaking to Reuters in an interview on the sidelines of the International Monetary Fund and World Bank annual meetings in Bangkok, Governor Lesetja Kganyago said inflation is expected to average 4.4% this year, before easing to within the central bank's tolerance band in 2027 and returning to target in 2028. The comments suggest the central bank may need to keep monetary policy tight, after it raised rates by 25 basis points to 7.25% last month to combat inflation.

As AI evolves, critical thinking, quality control skills remain imperative

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As more industries globally look to embed AI into their operations, critical thinking skills and traditional industrial training should be augmented by AI, not replaced by it. This was discussed by panelists during the Society for Automation, Instrumentation, Mechatronics and Computer Engineering’s (SAIMC’s) Inspire Conference, held on October 14.

Eskom revamps its strategy as monopoly fades

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South Africa’s State power utility is looking to develop new revenue streams as it prepares to unbundle and relinquish its dominance in electricity generation and transmission. Eskom executives are meeting this week to discuss how to approach the liberalisation of the electricity market in South Africa, marking a significant shift in the utility’s public position on President Cyril Ramaphosa’s drive to reform the industry.

LSF study shows potential to increase locally-made bus content to 50%

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The Localisation Support Fund (LSF) has released its 'South African Bus Manufacturing Industry Development Study', which shows that enforcing existing local content requirements, group municipal buying and targeted incentives can lift local content from about one-third of each bus to as much as 50%. Prepared by professional services firm Ernst & Young in collaboration with industry organisation naamsa | The Automotive Business Council, the study states that South Africa’s bus industry does not need new policy to thrive, but needs the rules that already exist to be applied consistently.

Bus industry asks Creecy to help find solutions to impact of high fuel prices

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Industry organisation the Southern African Bus Operators Association (Saboa) has approached Transport Minister Barbara Creecy to discuss responses to the record-high fuel prices that are impacting on the bus and coach industry. Saboa Gauteng provincial chairperson Eric Motshwane, during a Saboa conference on October 14, said high fuel costs were the most challenging problem facing the industry, as fuel constituted a significant portion of bus operators' operating costs.
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