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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

Outa warns of entrenched S African municipal crisis, as no metro achieves clean audit

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Not a single metropolitan municipality in South Africa achieved a clean audit for the 2024/25 financial year, according to the latest Auditor-General reports, with the Organisation Undoing Tax Abuse warning that this failure points to an entrenched crisis in local government. Metros represent 54% of total local government expenditure and serve millions of citizens, therefore, Outa says their financial regression directly threatens both community service delivery and the national economy. While 61% of municipalities achieved unqualified audits, severe underlying issues persist. Outa highlights a “toxic combination” of over-reliance on external consultants, poor budget execution, and a systemic lack of consequence management.

dtic’s partnership with Afreximbank to provide access to trade, industrial finance

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Trade, Industry and Competition Minister Parks Tau has signed an agreement with multilateral financial institution the African Export-Import Bank (Afreximbank) for South African businesses, State-owned enterprises and financial institutions to access trade and industrial finance. The $14-billion Country Programme also provides funding to support transformation, risk coverage and project funding, as well as funding to expand into continental markets under the African Continental Free Trade Area (AfCFTA).

Multilateral development banks remain relevant, more progress on reforms needed

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Multilateral development banks (MDBs) remain highly relevant to their clients, and their relevance has increased over the past five years, although there is a need for further progress on reform of some of their functions. This was among the findings of the 'Reforming multilateral development banks: perspectives from client countries' report produced by UK-based think tank ODI Global.

SARS Commissioner welcomes Constitutional Court judgment on zero-rating of gold

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The Commissioner for the South African Revenue Service (SARS) Dr Johnstone Makhubu has welcomed the unanimous judgment of the Constitutional Court in Lueven Metals v Commissioner for the SARS, which confirms SARS’ interpretation of Section 11(1)(f) of the Value-Added Tax Act. In a media release, SARS explains that the judgment clarifies that the zero-rating of gold supplied to the South African Reserve Bank, the South African Mint Company or a registered bank applies only where the gold is supplied in one of the prescribed forms and has not undergone any manufacturing process other than refining or the manufacture or production of those prescribed forms.

Trade Deputy Minister underlines importance of One-Stop Shop for energy project developers

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Reliable energy remains the foundation of economic growth – without it, businesses cannot plan, investors hesitate and opportunities are lost before they are even created, Trade, Industry and Competition Deputy Minister Alexandra Abrahams said, speaking at the Energy One-Stop Shop Technical Working Group meeting on June 23. The Energy One-Stop Shop serves as the primary institutional vehicle for derisking and accelerating energy investments, positioned as a centralised, frictionless gateway for project developers.
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