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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

BRICS finance chiefs call for urgent IMF, World Bank reform

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BRICS finance chiefs and central bank governors on Friday reiterated calls for urgent reform of the International Monetary Fund and World Bank to give emerging and developing economies a greater say in the two institutions. The Bretton Woods institutions, created in the aftermath of World War II, should better reflect shifts in the global economy, they said in a joint statement, calling for increased IMF quota and voting shares for emerging and developing countries. They also backed greater representation of those economies in the leadership of the IMF and World Bank. “We reiterate the urgent need to reform the Bretton Woods Institutions to make them more agile, effective, credible, inclusive, fit for purpose, unbiased, accountable, and representative,” the finance chiefs and governors said in the statement.

Now is the time for tighter BRICS agritrade – industry bodies

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Industry bodies Agricultural Business Chamber (Agbiz) and Agri SA have called for deeper agriculture trade across the BRICS markets. Having participated in Agribusiness Working Group meetings on the sidelines of the BRICS Summit this week, in India, Agbiz and Agri SA considered a range of priorities and recommendations for BRICS leaders, including bridging agriculture productivity gaps among member countries. 

Two newly completed bridges, as part of LHWP II, set to open

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As the construction of the Lesotho Highlands Water Project (LHWP) Phase II progresses, the newly completed Mabunyaneng and Khubelu bridges in the Mokhotlong district, in Lesotho, are set to be unveiled this week. This followed the completion of the 90-m-high Senqu bridge earlier this year.

Omnia's share price rises on potential buyout offer news

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The share price of JSE-listed Omnia rose by more than 12% in early trade on Friday, September 11, after it informed stakeholders that it is in discussions with an unnamed party regarding a potential offer for all of its issued ordinary shares. It stated that, while talks were advanced, no agreement has been reached and that there was no certainty that these discussions would result in a transaction being concluded. 

Cassava, Vodafone launch Egypt’s first national AI factory

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Telecommunications group Vodafone Business and global technology leader Cassava Technologies have teamed up to launch Egypt’s first AI factory to develop and enable advanced sovereign AI infrastructure. The new AI factory, operating diverse AI applications and use cases locally, enhances the country’s ability to host and process data, with the strategic partnership between the parties strengthening Egypt’s regional position as a hub for data centres and AI investments.
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