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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

Balwin's shares to be delisted from Sept 22 following buyout

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Specialist large-scale residential property developer Balwin Properties has informed shareholders that all conditions have now been met for a consortium, Bidco, comprising the Public Investment Corporation (PIC) and founder investors of the company, to acquire all shares in the company and delist it from the JSE and the A2X. Balwin in May confirmed that Bidco had made an offer to acquire all shares in the company for R4.35 a share, valuing Balwin at about R2.26-billion.

Manufacturing, mining weigh on second-quarter economic growth; GDP contracts by 0.2% q/q

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South Africa’s gross domestic product (GDP) contracted by 0.2% quarter-on-quarter for the second quarter, following growth of 0.4% in the first quarter of the year, Statistics South Africa (Stats SA) reports.  The manufacturing industry contracted by 1.8%, contributing -0.2 of a percentage point, to the overall GDP figure. Seven of the ten manufacturing divisions reported negative growth rates. The largest negative contributions were reported for the food and beverages; furniture and ‘other’ manufacturing; and basic iron and steel, nonferrous metal products, metal products and machinery divisions.

Corporate PPAs to outpace public procurement in South Africa for first time in 2026 – BNEF

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Corporate power purchase agreements (PPAs) are set to drive more utility-scale renewable additions in South Africa than government auctions for the first time in 2026, a new publication by BloombergNEF (BNEF) states. In its 'South Africa Transition Factbook 2026', BNEF says it expects corporate buyers to support 73% of the 2.3 GW of anticipated solar and wind additions.

Dr Mncane Mthunzi appointed naamsa CEO

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Industry organisation naamsa | The Automotive Business Council has appointed Dr Mncane Mthunzi CEO, effective from September 7. naamsa says his appointment comes at a defining moment for South Africa's automotive industry.
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