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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

South Africa's venture capital ecosystem is maturing, study shows

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Successful exits of companies from venture capital funds in South Africa delivered more than twice the capital invested and show that the country’s venture capital ecosystem is moving to a more mature investment market that can attract greater institutional capital, say South African venture capital organisations. The 'South African Venture Capital: Exit & Performance Analysis' report shows that realised cash returns substantially exceeded invested capital, with capital-weighted realised returns ranging from 2.01-times to 2.45-times invested capital.

TFR making progress on coal rail line improvements

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South Africa has an abundance of coal reserves, but the coal mining sector’s competitiveness requires an efficient logistical network to move coal from mine to market. While the industry has faced significant challenges with regard to rail reliability, infrastructure security concerns and port constraints, performance in the sector is improving and collaboration is strengthening.

National action plan for water published

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As South Africa’s water crisis reaches a breaking point, President Cyril Ramaphosa has published the National Water Action Plan (NWAP), outlining strategic interventions to reverse the significant deterioration in water supply and quality over the short, medium and long term. The release of the plan followed a meeting of the National Water Crisis Committee (WATERCOM) in Pretoria on Thursday.

Masondo resigns as PIC chairperson

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Deputy Finance Minister David Masondo has resigned as the chair of the board of directors of State-owned asset manager the Public Investment Corporation (PIC), he said on Thursday. The asset manager faces mounting scrutiny after its CE was suspended pending an investigation into allegations raised by a whistleblower. South Africa's financial regulator has also launched a governance probe.

South Africa unexpectedly holds rates as it flags growth risks

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The South African Reserve Bank defied expectations and held interest rates steady to support economic growth after revising its inflation forecasts lower, while warning that the renewed conflict in the Middle East could justify more tightening. The six-member monetary policy committee maintained the benchmark policy rate at 7%, Governor Lesetja Kganyago told reporters in Pretoria on Thursday. Only three of 20 economists surveyed by Bloomberg had expected a hold. The rest predicted a 25 basis point increase.
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