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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

Water and electricity systems are coming together, Enlit audience hears

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Water and electricity systems are no longer separate and isolated, but are now intertwined in South Africa and across Africa. So highlighted Siemens South Africa CEO Sabine Dall'Omo, in her keynote address on the second day of the Enlit Africa 2026 conference, at the Cape Town International Convention Centre. Water needed electricity, she pointed out, for pumping and treating. Water and electricity were both essential to maintain and grow the country's industrial base. The two sectors were rapidly merging.

Averi Finance, Mantengu set out to create an enlarged pan-African investment platform

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African investment and advisory firm Averi Finance and JSE-listed mining investment company Mantengu have entered into substantive negotiations for a reverse merger that will create a pan-African investment platform listed on the JSE and provide Mantengu shareholders with direct exposure to Africa’s oil and gas, energy infrastructure and critical minerals opportunities. Under the terms of the proposed transaction, Averi will consolidate its entire asset-backed portfolio into the enlarged Mantengu group in exchange for the issuance of 650-million new Mantengu ordinary shares, giving Averi a 66.7% interest in the expanded listed entity upon completion.

PIC, Balwin founders launch bid to take the property developer private

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A consortium comprising the Public Investment Corporation (PIC) and founder investors of JSE-listed Balwin Properties, has made a firm offer to acquire all shares in the specialist large-scale residential property developer at R4.35 a share, valuing Balwin at about R2.26-billion. If the transaction is concluded, Balwin's shares will be delisted from the JSE and A2X. Balwin states that the offer gives eligible shareholders the opportunity to realise cash value at a premium to recent trading levels, with the offer price representing a 41% premium to Balwin's volume-weighted average price (VWAP) over the 180 trading days prior to the announcement. The premium on the 90-day VWAP is 35%.

Busa names Nolitha Fakude VP

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Industry body Business Unity South Africa (Busa) has announced the appointment of Nolitha Fakude as its new VP following the resignation of former VP Adrian Gore, who was recently appointed chairperson of business organisation Business Leadership South Africa (BLSA). Fakude will serve as Busa VP for the remainder of the current presidency’s term, which will end in August 2027, with the option for reappointment for an additional three-year term.

AVEVA announces strategic partnerships at global conference

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In a volatile world, with multiple paradigm shifts and transitions unfolding, unprecedented levels of technology growth offer many opportunities that can be leveraged. Industrial software company AVEVA is aiming to capitalise on these opportunities by providing software that is integrated, intelligent and intuitive, to create scale, optimise performance and empower the workforce, AVEVA CEO Caspar Herzberg said at the group's global conference AVEVA World 2026, which is being held this week in Milan, Italy. To fulfil these ambitions, the company will this year accelerate foundational innovation work it started in 2024, when it laid out its multiyear technology strategy.
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