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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

Moody's says South Africa's budget update is credit positive

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Moody's Ratings said in a report released on Monday that South Africa's medium-term budget policy statement was positive for the country's credit profile, citing tighter monetary policy, continued fiscal consolidation despite higher oil prices, and weaker nominal GDP growth than assumed in February. Moody's rates South Africa Ba2 with a positive outlook. The issuer did not announce a rating action. The government cut its fiscal 2026 consolidated deficit target to 3.9% of GDP from 4.0% in the policy statement, helped by a R17.1-billion upward revision to gross tax revenue. Moody's forecasts government debt at 84.9% of GDP by fiscal 2028, from about 86.8% in fiscal 2025, saying debt has probably peaked.

AndisaZA enters local industrial lubricants market

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Industrial lubricants supplier AndisaZA has strategically entered South Africa’s industrial lubricants market, positioning itself as a key supplier for high-performance and specialty lubrication solutions. Valued at about R7.6-billion, the industrial lubricants sector presents a highly lucrative opportunity for emerging independent resellers and serves as a critical part of South Africa’s manufacturing, mining and heavy engineering industries.

Effective education spending should be the next focus for Treasury – Mavuso

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South Africa spends 6% of its GDP on education, which is more than other emerging markets – Brazil at 5.5%, China at 4% and India at 4.1% – as well as several developed countries, but has a skills gap and significant unemployment. Shifting this spending into demand-led approaches would get better results because how South Africa spends on education matters as much as how much it spends, says business organisation Business Leadership South Africa CEO Busisiwe Mavuso. “We need skilled people to grow and we cannot build a prosperous country while so many young people are locked out of work. Business leaders struggle to find the right people for the roles available.

Industry media roundtable speakers consider transport infrastructure opportunities, challenges

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Transport infrastructure has the potential to translate into economic opportunity for South Africa and the country is working to accelerate infrastructure investment. This was noted by speakers during a media roundtable hosted by engineering consulting firm GIBB, the Academy of Science of South Africa (ASSAf) and the South African Academy of Engineering (SAAE) earlier this week.

Bolt adds EV option to Johannesburg e-hailing services

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E-hailing platform Bolt has added an electric vehicle (EV) category to its Johannesburg services through collaboration with the South African Meter Taxi and E-Hailing Association (Samtea), EV manufacturer BYD and other industry stakeholders supporting the rollout. The practical collaboration between the e-hailing and taxi sectors demonstrates how industry stakeholders can work together to create a more inclusive, integrated and future-ready mobility ecosystem, Bolt says.
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