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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

Two entities shortlisted to bid to partner with Transnet on ‘LeaseCo’

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Transnet has issued a formal request for proposals (RFP) to two shortlisted bidders that participated in an earlier request for qualification (RFQ) process relating to the creation of a railways rolling stock leasing entity, dubbed LeaseCo, as a public–private partnership. The identities of the two bidders were not immediately released, with Transnet confirming only that the shortlisted bidders had been selected from among the 14 respondents to the April RFQ.

PIC chair to refer Acapulco matter to SIU following legal review of forensic investigation

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Upon receiving legal advice regarding the implications of the PriceWaterhouseCoopers (PwC) forensic investigation findings, Deputy Finance Minister and Public Investment Corporation (PIC) chairperson Dr David Masondo says the Acapulco – Lanseria empowerment deal settlement dispute should be referred to the Special investigating Unit (SIU) for further investigation and any action within its statutory mandate. This decision reflects new information uncovered through the PwC investigation, involving a controversial R300-million investment made by the PIC in 2013, which was subsequently defaulted on by Acapulco.

Objections over price preferential system casts spotlight on sustainability of informal metal ...

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Industry organisations the Recycling Association of South Africa (Rasa) and the Metal Recylers Association (MRA) have called on Trade, Industry, and Competition Minister Parks Tau, the International Trade Administration Commission of South Africa (Itac) and Parliament to immediately suspend the price preferential system (PPS) pending an independent review of its design, administration and competitive effects. The assocations have also called for the formal recognition of both formal and informal recyclers given their importance to the circular economy.

TaxTim launches AI WhatsApp tax assistant

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Ahead of the start of the new tax season, online tax assistant TaxTim has launched an AI tax assistant, TimAI on WhatsApp, to provide taxpayers with answers to tax-related queries at no cost. Users can send a message or a voice note query and receive an answer.

Policy follow-through needed to ensure electricity reforms are ‘not in name only’

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Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso has called for policy follow-through to ensure that the restructuring under way in the electricity industry facilitates a transition to a market that is genuinely competitive and “not reform in name only”. Writing in her weekly newsletter, Mavuso homed in on the importance that organised business was attaching to the creation of an independent transmission system operator (TSO), which also owned the grid assets, for the emergence of a competitive market.
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