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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

Digital growth accelerates across Africa’s entertainment, media markets

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Digital growth is reshaping Africa’s entertainment and media (E&M) industry, creating new ways for audiences to discover, experience and engage with content, while human connection remains at the heart of the industry’s future, the latest PwC 'Africa Entertainment & Media Outlook 2026 to 2030' report has revealed. As stronger connectivity, growing digital audiences and changing consumer behaviour reshape where value is created, South Africa, Kenya and Nigeria are entering this next phase from different starting points.

Moody’s says South Africa is on right track for rating upgrade

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South Africa is heading in the right direction for its first credit-rating upgrade by Moody’s Ratings since 2009, provided the country’s fiscal performance continues to improve. The agency, which rates South Africa Ba2 — two notches below investment grade — revised South Africa’s credit outlook to positive from stable in May. It says the country has reached an inflection point after stabilising its debt and delivering pro-growth economic reforms. “We could upgrade South Africa’s rating if fiscal performance continues to improve,” Evan Wohlmann, a vice president at Moody’s, told a virtual media briefing on Tuesday. The assessment would hinge on confidence in how the credit profile will evolve, he said. Finance Minister Enoch Godongwana delivers his mid-term budget review on October 21 and is expected to show continued growth in the country’s primary budget surplus – a gauge of how much revenue exceeds non-interest expenditure – amid higher income.

Transnet Port Terminals weighs further private partnerships to accelerate volume growth

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Transnet Port Terminals (TPT), which was central to the broader Transnet Group’s first and largest private sector participation (PSP) transaction to date, is actively pursuing two more partnership prospects and laying the groundwork for several others as part of moves to accelerate investment and improve efficiency. CEO Jabu Mdaki tells Engineering News that TPT has fully integrated the PSP model into its ongoing turnaround programme, launched in 2023 amid a sharp deterioration in performance, epitomised by the historically high vessel backlogs at Durban in October 2023 and the fire at the Richards Bay Bulk Terminal that damaged part of a conveyor belt servicing the woodchip export industry.

Eskom announces introductory EV charging discount as it unveils two KZN sites

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Eskom has officially launched electric vehicle (EV) charging infrastructure at the Gateway and Pavilion Malls in KwaZulu-Natal, while announcing a 20% introductory discount for the first six months at its charging facilities. Speaking at the official opening, Eskom Distribution’s acting GM for operations enablement, Zuhdi Hamza, said the installations represented an important step towards building a modern, accessible and connected electric mobility ecosystem for South Africa.

Tau bemoans lack of progress in meeting auto master plan’s local-content goal

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Trade, Industry and Competition Minister Parks Tau has acknowledged the pressure that domestic automotive component manufacturers are facing from imports, energy and logistics costs and weaker demand and has indicated that government will prioritise efforts aimed at “keeping this base alive”. Addressing the South African Auto Week under way in Durban, Tau highlighted the lack of progress in meeting the South African Automotive Master Plan’s goal of achieving local content of 60% by 2035, with the local content in vehicles built in South Africa standing at 38.1% in 2025.
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