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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

Eskom redeems R38bn ES26 bond

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State-owned Eskom has announced the successful redemption of its ES26 bond, a decisive milestone in the utility’s journey toward financial independence. First issued in March 2007 as a R500-million tranche at a coupon of 7.85%, the ES26 bond grew to an outstanding amount of about R38-billion over its 19-year tenure, reflecting strong and sustained investor support, Eskom says in a statement.

South African rand weakens as Trump's Iran deadline keeps markets on edge

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The South African rand was weaker in early trade on Tuesday, as investors remained cautious ahead of a deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz. At 0737 GMT the rand traded at 16.93 against the dollar,down about 0.4% from its previous close. Iran and Israel traded attacks as Tehran refused to reopen the Strait of Hormuz and accept a ceasefire deal on the eve of Trump's deadline to agree to his demands or get "taken out."

South Africa private sector returns to growth but Iran war clouds outlook, PMI shows

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South Africa's private sector returned to growth in March as faster output and hiring outweighed a slump in export orders and business confidence linked to the US-Israeli war in Iran, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.8 in March from 50.0 in February. PMI readings above 50.0 indicate growth, while those below denote contraction.

Cabinet offers fuel assurances as task team mulls response measures

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President Cyril Ramaphosa has established a Ministerial Task Team to coordinate government’s response to the impact on the cost of living, fuel and food security because of the disruptions to shipping in the Strait of Hormuz that have followed the military attacks on Iran by the US and Israel. The task team is being chaired by Mineral and Petroleum Resources Minister Gwede Mantashe, and includes Finance Minister Enoch Godongwana, Transport Minister Barbara Creecy, Trade, Industry & Competition Minister Parks Tau, International Relations & Cooperation Minister Ronald Lamola, Agriculture Minister John Steenhuisen, Electricity & Energy Minister Dr Kgosientsho Ramokgopa, Forestry, Fisheries and Environment Minister Willie Aucamp and Minister in the Presidency Khumbudzo Ntshavheni.
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