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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

Africa’s infrastructure future will be decided by execution

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Africa has no shortage of infrastructure plans or vision; however, infrastructure delivery requires more than ambition: it requires execution, Water and Sanitation Deputy Minister David Mahlobo said in an opinion piece on Monday. Across the continent, governments, regional bodies, development finance institutions and the private sector have produced countless master plans, strategies and policy frameworks aimed at transforming economies through infrastructure-led growth.

Nersa extends deadline to submit comments on wholesale price methodology

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The National Energy Regulator of South Africa (Nersa) has extended the deadline for written comments on both the wholesale price methodology and the transitional generation pricing and vesting contract framework consultation papers to August 4. In a media statement, Nersa encourages stakeholders and members of the public to submit their written comments by this date.

Absa PMI declines in May, but remains above neutral mark

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The seasonally adjusted Absa Purchasing Managers’ Index (PMI) remained above the neutral 50-point mark for a second consecutive month, although the index declined by 1.8 points to 50.8 in May from 52.6 in April. While still notably better than the first-quarter average of 48.3, the underlying survey results pointed to a deterioration in conditions from April to May.

South Africa must continue to pursue reform programme to maintain stability – BLSA

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The decision by the South African Reserve Bank (SARB) last week to hike interest rates by 25 basis points in response to rising global inflation is the correct call, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso writes in her latest weekly newsletter. “With inflation at 4% in April and the SARB projecting it will average 4.4% for the year, above its 3% target, the decisive response was essential. Price stability is critical to businesses’ ability to plan and invest. It also protects consumers, particularly the poor, who are most exposed when prices rise. Economists now expect further hikes this year. That may be uncomfortable in the short term, but it is important for long-term stability,” Mavuso posits.

AECI appoints Alan Dickson CEO

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Chemicals and mining explosives company AECI has appointed Alan Dickson group CEO and executive director, with effect from July 1, following the conclusion of a formal selection process led by the board and its nominations, governance and directors affairs committee and supported by an executive search firm. The company, in a media statement, describes Dickson as a highly accomplished leader with more than 20 years of executive experience across diversified industrial, technology, manufacturing and infrastructure-driven sectors.
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