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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

Norwegian State guarantee backs Lyra Energy's private power platform in South Africa

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South African renewable energy platform Lyra Energy, which is owned by Scatec and STANLIB Infrastructure Investments, has secured a payment guarantee facility backed by the Norwegian State under the Norwegian Agency for Development Cooperation’s (Norad's) Sovereign Guarantee Scheme for Renewable Energy. The facility is a payment-risk mitigation instrument. Lyra says it sits within its trading structure and improves the bankability of its commercial and industrial (C&I) offtake portfolio, giving lenders a more efficient basis for assessing payment risk across a book of corporate customers.

Absa manufacturing confidence index down to 27 points in the third quarter

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Business confidence in the manufacturing sector deteriorated by four index points quarter-on-quarter to 27 in the third quarter of the year, as weak domestic demand, deteriorating export activity and persistent economic uncertainty continued to weigh on business performance, financial services firm Absa’s Manufacturing Survey for the third quarter shows. Domestic sales remained muted for a third consecutive quarter, while export sales declined by a further six index points compared. Domestic orders also retreated by seven index points and export orders by five index points, while capacity underutilisation increased, which points to greater spare capacity in the sector.

Sasol signs fuel supply deal with White Desert for polar flights

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South African petrochemical company Sasol on Tuesday signed an agreement to supply co-processed sustainable aviation fuel (SAF) to luxury tourism outfit, White Desert, for its polar trips to Antarctica, company officials said. The deal is the next step in Sasol's cleaner jet fuel journey after receiving independent certification from German agency TUV SUD agency in April for its sustainable aviation fuel.

Mpact, Enpower Trading reach financial close on renewables PPA

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JSE-listed paper and plastics packaging company Mpact and independent power trading company Enpower Trading have reached financial close on a five-year renewable energy power purchase agreement (PPA), marking an important step in Mpact's transition towards a greater supply of renewable electricity across its South African operations. Enpower will supply about 30 GWh/y of renewable electricity to Mpact, sourced from SolarAfrica Energy's SunCentral solar project, near De Aar, in the Northern Cape, and wheeled across the national electricity grid.

South Africa secures $1bn loan from NDB for reform of metro trading services – Treasury

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South Africa has signed a $1-billion loan agreement with development finance institution the New Development Bank to upgrade metropolitan municipal services infrastructure as part of the Metro Trading Services Reform Programme. The MTSR is a government-led reform programme aimed at improving the governance, financial sustainability and operational performance of municipal trading services in metropolitan municipalities, particularly in water and sanitation, electricity and energy and solid waste management. The financing supports a government-led, performance-based reform programme implemented through South Africa’s existing legal, fiscal and institutional framework.
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