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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

Major pipe burst impacts Palmiet booster station

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A major burst on the B4 Pipeline is affecting water supply to the Palmiet booster pumping station, Rand Water reported on Thursday. The burst pipe, which occurred at about 06:00 on Thursday, led to a reduction in pumping operations at the Palmiet station to 70% of normal capacity, which may impact water supply to the areas served by the station.

Eskom warns grid reform may jeopardise finances, rattle lenders

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South Africa should hold off on transferring assets from Eskom to a separate transmission company until the government addresses risks to the State power utility’s finances and its lenders, according to its chairperson. While Eskom’s board backs the creation of an independent transmission system operator (ITSO) that would oversee the wholesale electricity market and provides fair access to the grid, it only wants the company to have to cede ownership of the transmission infrastructure once key financial hurdles have been cleared, Mteto Nyati said. He warned that the transfer could trigger change-of-control provisions in lending agreements, give rise to accounting complications and unsettle bondholders.

Sappi expects fourth-quarter results to be materially above that of the third quarter – Binnie

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JSE-listed woodfibre-based products company Sappi CEO Steve Binnie has said the company expects to post fourth-quarter results – for the three months to September 30 – that will be materially above that reported on August 6 for the third quarter to end June. During a conference call to present the company's results for the three months to June 30, he said that, despite challenging market conditions, the teams delivered disciplined cost-containment and encouraging sales performance.

Business Partners launches R150m SME Youth Jobs Fund

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Small and medium-sized enterprise (SME) financier Business Partners has established a R150-million SME Youth Jobs Fund to enable established SMEs to create new employment opportunities for young South Africans, while supporting business growth and driving inclusive economic development. The launch comes as youth unemployment remains one of the country's most pressing socioeconomic challenges. 

Green hydrogen-focused private equity fund reports R3bn first close

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Blended finance private equity fund SA-H2, which focuses on the green hydrogen value chain and the Southern African energy transition, has achieved its first close with R3-billion in commitments from public and private institutions. The milestone was announced by Climate Fund Managers, a climate-focused blended finance investment manager operating in emerging markets across Africa, Asia and Latin America.
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