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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

Commission recommends Tribunal approve Bidco’s acquisition of Balwin

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The Competition Commission has recommended to the Competition Tribunal that it approve the proposed transaction whereby Bidco intends to acquire property group Balwin Properties, without conditions. The primary acquiring firm, Bidco, is controlled by the Government Employees Pension Fund (GEPF) and is represented by the Public Investment Corporation (PIC) and Volker Holdings.

Commission recommends to Tribunal that it approve Harith's buyout of FlySafair, but with conditions

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The Competition Commission of South Africa has announced that it has recommended to the Competition Tribunal that the latter approve the acquisition of Safair Holdings by Harith Aviation, with conditions. Safair Holdings, which controls Safair Operations, is currently owned, ultimately, by ASL Aviation Holdings. In turn, Safair Operations owns and operats low-cost airline FlySafair, which operates scheduled passenger services both domestically and regionally, and carries cargo in the belly holds of its airliners.

Agri SA, Bacsa take hands to improve national evidence base needed to address rural crime

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Industry organisations Agri SA and Business Against Crime South Africa (Bacsa) have signed a memorandum of understanding to strengthen collaboration on rural crime and safety data to improve the evidence available to law enforcement, policymakers and the agriculture sector in identifying, investigating and prosecuting crime. The partnership establishes a framework for the collection, validation, analysis and reporting of rural crime data, leaning on Bacsa’s flagship E2-Plus crime-fighting platform.

Nedbank CIB underwrites mining credit facility for the Geita gold mine

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Nedbank Corporate and Investment Banking (Nedbank CIB) has structured and underwritten a $500-million credit facility for gold major AngloGold Ashanti's Geita gold mine, in Tanzania. In a media release, Nedbank explains that it is one of the largest facilities of its kind that the bank has underwritten to date in the mining sector. Nedbank CIB provided a fully underwritten solution, giving AngloGold Ashanti funding certainty ahead of a planned debt syndication process.

PIC suspends CEO, appoints new acting chief investment officer

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The board of the Public Investment Corporation (PIC) has placed its CEO Patrick Dlamini on precautionary suspension, saying it is necessary to give him sufficient space and time to respond to allegations of impropriety against him that were submitted to the board in a whistleblower report last month. "In line with applicable labour legislation and internal PIC policies, the precautionary suspension is intended to ensure a fair, objective and independent investigation into these allegations. The suspension does not, in any way, constitute a finding nor is it a pronouncement of any wrongdoing on the part of the CEO," the PIC clarifies.
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