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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

Airlink goes long-haul through expanded codeshare agreement with Qatar Airways

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South African regional and domestic airline Airlink and major global carrier Qatar Airways have announced an expansion of their codesharing agreement. From August 31, Airlink will put its flight code, 4Z, on Qatar-operated flights and start marketing Doha in Qatar as its first long-haul destination. This agreement will apply to Qatar-operated flights from Johannesburg, Cape Town and Durban. It will, over subsequent months, also be applied to other destinations in Qatar’s global network.

Tau appoints two deputy Competition Commission commissioners

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Trade, Industry and Competition Minister Parks Tau has appointed Busikhosibakhe David Majenge and Tamara Leigh Mokoka as deputy commissioners of the Competition Commission, effective from September 1. The appointments strengthen the commission's executive leadership as it continues to advance its mandate of promoting and maintaining competition in the South African economy, protecting consumers and supporting inclusive economic growth, says Tau.

DHA launches Electronic Travel Authorisation platform to boost tourism, curb corruption

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The Department of Home Affairs (DHA) has launched South Africa’s Electronic Travel Authorisation (ETA) platform, which was designed to modernise and digitally transform South Africa’s visa and immigration system. The ETA improves mobility and migration management in South Africa and unlocks economic growth through tourism, investment and legitimate travel, while combating visa fraud and illegal immigration.

South African rand steady ahead of mining data and as Fed rate-hike bets shrink

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The South African rand was little changed early on Thursday as investors awaited domestic mining production data and lower-than-expected US inflation figures tempered expectations that the Federal Reserve will raise interest rates next month. At 0745 GMT the rand traded at 16.1625 against the dollar, almost unchanged from its previous close.

Rainbow Chicken to report significant earnings increase on the back of stronger demand

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JSE-listed poultry products company Rainbow Chicken expects its earnings per share (EPS) for its financial year ended June 28 to be between 122% and 142% higher year-on-year at between 141.87c and 154.68c, compared with the EPS of 64.04c reported for the prior financial year. Similarly, it expects headline earnings per share (HEPS) for the financial year to be 118% to 138% higher year-on-year at between 143c and 156.12c, compared with the HEPS of 65.57c in the prior financial year.
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