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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

Ramaphosa credits SARS recovery with boosting public finances, funding social wage

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President Cyril Ramaphosa has credited the post-State capture recovery of the South African Revenue Service with driving improved tax collection rates, which in turn are funding critical social and developmental programmes across the country. Writing in his weekly newsletter to the nation, Ramaphosa emphasised that the turnaround at SARS is injecting fresh momentum into public finances following the presentation of the Medium-Term Budget Policy Statement by Finance Minister Enoch Godongwana. According to the President, the country’s improving fiscal health gives concrete evidence that South Africa is moving in the right direction. Ramaphosa detailed how the recovered revenue is being directly channelled into public infrastructure and social development, highlighting that around 60% of non-interest spending is dedicated to the social wage, supporting health, education, and services for low-income households.

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.
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