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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

WCape set to meet target for new energy generation ahead of schedule

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Should the Western Cape Energy Resilience Programme (WCERP) maintain its current trajectory, a total of 1 800 MW of new power will have been installed in the region through the course of the 2026/27 financial year, says the Western Cape premier’s energy special adviser Alwie Lester. At the current rate, the province will meet its target of 5 700 MW of new energy generation, well ahead of the WCERP’s target of 2035, Lester noted at last week’s meeting of the Western Cape Integrated Energy and Water Council.

SA’s energy transition must deliver affordable power, community growth – Ramaphosa

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President Cyril Ramaphosa has emphasised that South Africa’s shift to clean energy must be an inclusive process that strengthens local communities and lowers the cost of electricity for everyday citizens. Writing in his weekly newsletter on Monday, Ramaphosa stated that it is the collective responsibility of government, business, labour, and civil society to ensure the energy transition delivers equitable benefits.

Petrol prices to decrease by 52c a litre, but diesel prices to increase by up to R1.38 a litre

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The Department of Mineral and Petroleum Resources has revealed that the price of Petrol 93 and Petrol 95 will decrease by 52c a litre from Wednesday, but the prices of diesel will increase by R1.23 and R1.38 a litre for diesel with a 0.005% and 0.05% sulphur content, respectively. The department notes that these changes are based on various factors, including a decrease in the average Brent crude oil price, from $86.53/bbl to $82.37/bbl, for the period under review.

Absa PMI declines in July, but domestic demand and new sales orders improve

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Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined to 46.8 in July, from 47.3 points in the prior month. While this reading suggests a weak start to the third quarter, the headline decline arguably overstates the weakness in underlying manufacturing conditions, as domestic demand improved and lifted new sales orders, Absa comments.
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