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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

Eskom prioritises 14 municipalities for Distribution Agency Agreements to tackle R105bn arrear debt

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Eskom has identified 14 municipalities for the implementation of five-year Distribution Agency Agreements (DAAs), a controversial mechanism for dealing with arrear debt owed to the utility that now has Cabinet approval. Acting group executive for distribution Agnes Mlambo confirmed in a briefing to lawmakers that the arrear debt owed to Eskom currently stood at R105-billion, with the 14 municipalities representing 58% of this outstanding debt.

Chikunga calls for new generation of PPPs focused on social development

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Women, Youth and Persons with Disabilities Minister Sindisiwe Chikunga has called for a new generation of public-private partnerships (PPPs) in Africa centred explicitly on human capital development. “PPPs offer a pathway to bridge financing gaps, accelerate service delivery, enhance quality and drive innovation in ways that neither sector can achieve alone. But let me be clear. I am not speaking about traditional PPPs focused solely on infrastructure or extractive industries,” she said on November 20 at The European House – Ambrosetti (TEHA) CEO dialogue on Southern Africa, in Johannesburg.

Academic says South Africa should not hand over G20 presidency to the US

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South Africa should not hand the G20 presidency over to the US, Columbia University Center for Sustainable Development director Jeffrey Sachs has suggested. “Don’t hand it over. If there's no one here to hand it over to, don't hand it over. The US is doing its own thing. I don't know whether there will be a G20 in the US or not. You never know, day by day, what is happening in my weird country,” he said on November 21 at The European House – Ambrosetti (TEHA) CEO dialogue on Southern Africa, in Johannesburg.

Sasol CEO sees chemical business potentially listing by 2028

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Sasol CEO Simon Baloyi said the South African company may spin off its international chemicals business as soon as 2028, depending on how quickly profit grows. Shares of the fuel and chemicals firm have gained about 47% this year — heading for its best performance since 2021 — as Baloyi, who became CEO last year, focuses on increasing output from the Secunda manufacturing hub in South Africa and turning around the international chemicals division ahead of a potential listing. That part of the company includes the $12.8-billion sprawling Lake Charles complex in Louisiana.

Transnet celebrates 200th modern locomotive produced in fleet renewal programme

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Transnet has reached a significant milestone in its modernisation programme with the two-hundredth Traxx 23E locomotive having rolled off the assembly line at Transnet Engineering’s project site in Durban, together with partner company Alstom.   The development is regarded as pivotal to South Africa’s industrial and economic recovery.
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