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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

Co-location of utility-scale solar with batteries emerging as ‘default configuration’

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Rapid declines in battery costs are transforming the economics of renewable power, a new report by the International Renewable Energy Agency (Irena) asserts, adding that the co-location of batteries with new utility-scale solar PV is emerging as the default configuration. In 2025, battery costs fell faster than those of any other energy technology, with Irena estimating the installed cost of a four-hour utility-scale battery at $140/kWh – a decrease of close to 30% in a single year and around 95% since 2010.

Transalloys warns of permanent closure of South Africa’s last manganese smelter

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Manganese ferroalloys producer Transalloys has fully stopped its ferroalloys production in Mpumalanga on July 1, with no indication of when operations may resume. The company highlights that the suspension of smelting places about 600 permanent jobs and an estimated 7 000 downstream livehoods at risk as the company prepares to phase out its plant.

Nigeria joins IEA, boosting global energy governance

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Nigeria has joined global organisation the International Energy Agency (IEA), which deepens the IEA's cooperation with Africa’s most populous nation and marks a milestone for global energy governance. The Governing Board of the IEA unanimously agreed for Nigeria to join the organisation as an association country.

Alcoa sees South Africa’s Hillside Aluminium being 'cash flow accretive immediately'

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This asset adds scale to our smelting portfolio in a way that is expected to be cash flow accretive immediately, Alcoa Corporation President and CEO William (Bill) F. Oplinger said of South Africa’s Hillside Aluminium smelting business during a conference call following the New York Stock Exchange-listed company’s announcement of the aluminium-linked assets of the Johannesburg Stock Exchange-listed South32. “We think we’re acquiring fantastic long-term assets at a really reasonable price,” Oplinger said during question time in reply to Citi Investment Research analyst Alex Hacking.

Johannesburg faces R2.1bn funding gap as its bills mount

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Johannesburg is starting a new financial year with a multibillion-rand budget that’s not fully funded, potentially deepening a crisis that’s already left it unable to pay for power and fuel supplies. South Africa’s biggest city is facing an unfunded budget gap of about R2.1-billion for the year starting July 1, according to a framework seen by Bloomberg News. The National Treasury attributed the shortfall to city revenue projections that appear overstated relative to audited results, according to the document.
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