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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

Sanral aims to drive sector transformation through its contractor development programme

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The South Africa National Roads Agency Limited (Sanral) has launched a Contractor Development Programme (CDP) aimed at increasing the capacity, equity ownership, sustainability and quality of work of grade five to nine civil engineering (CE) contractors registered with the Construction Industry Development Board (CIDB). This programme will assist CE contractors maximise their participation on road projects and also provide the requisite skills development, training, mentorship and financial support needed to address the challenge of “the missing middle” CIDB grades.

SAPVIA calls for fair access to limited grid as new renewable utility Eskom Green powers up

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Industry organisation the South African Photovoltaic Industry Association (SAPVIA) welcomes the establishment of State-owned renewable-energy utility Eskom Green, but calls for assurance that access to the limited grid capacity will be shared equitably by all independent power producers and players. The establishment of Eskom Green recognises that utility-scale renewable energy and energy storage will be central to delivering long-term energy security, supporting economic growth and attracting investment into the country's energy infrastructure.

Structural reforms gain traction but criminal justice enforcement lags, BLSA says

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There are emerging signs that South Africa’s structural reforms are slowly improving the country’s investment potential. In her weekly newsletter titled 'Three good news signals, one unfinished task: unlocking investment', business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso highlights that the 0.5% GDP growth, Fitch ratings upgrade, and the Port of Durban’s recognition as the world most improved port by international financial organisation the World Bank all reflect successful structural reform efforts and point to a stabilising fiscal outlook following years of decline.

Fitch upgrades Eskom to B+, in line with South Africa's credit rating

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Credit rating agency Fitch Ratings has upgraded State-owned Eskom's credit rating to B+ with a stable outlook, up from a B rating, in line with the recent improvement in South Africa’s sovereign credit rating. Specifically, Fitch upgraded Eskom's long-term Issuer default ratings to B+ with a stable outlook; its senior unsecured debt to B+ with its recovery rating of RR4 unchanged; and Eskom's guaranteed senior unsecured debt to BB from BB-.

TIA, Coega form industrialisation innovation partnership

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The Coega Development Corporation (Coega) and the Technology Innovation Agency (TIA) have formed a partnership to advance South Africa’s innovation and industrialisation agenda. The strategic partnership is aimed at unlocking the full potential of innovation-led growth. Based in the Coega Special Economic Zone (SEZ), the collaboration aims to strengthen the link between research, innovation, technology development and commercialisation, and thereby contribute to sustainable socioeconomic development.
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