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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

SA signals intent to prohibit goods produced by forced labour after new 12.5% US tariff

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Trade, Industry and Competition Minister Parks Tau reports that government will publish a Gazette notice requesting public comments on South Africa’s intent to issue regulations to prohibit goods produced using forced labour and child labour. The move follows a decision by the United States Trade Representative (USTR) to impose tariffs of 12.5% on those South African exports not specifically exempted from such duties, or which are already subjected to other tariffs.

BLSA reform tracker warns against complacency in energy, logistics reform

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Business organisation Business Leadership South Africa’s Reform Tracker quarterly update, released last week, shows real progress in home affairs and public services; however, there are concerning reversals on electricity and logistics, the two reforms most critical to growth, CEO Busi Mavuso writes in her latest weekly newsletter. “With loadshedding behind us and the ports performing better than at the height of the crisis, I fear we are falling into the trap of ‘good enough’. For a country with 32% unemployment, good enough is not good enough,” she cautions.   

Vodacom reports growth as Safaricom acquisition unlocks a new phase

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As telecommunications giant Vodacom Group wraps the quarter ended June 30 with growth, the completion of its acquisition of a controlling stake in Safaricom marked a defining moment for the group. In a trading update for the quarter ended June 30, Vodacom Group CEO Shameel Joosub on Monday highlighted that the Safaricom transaction was completed effective June 30, increasing the company’s shareholding from 35% to 55%.

Godongwana to appoint new board at PIC

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Finance Minister Enoch Godongwana said on Friday he would appoint a new board for the Public Investment Corporation (PIC) after a series of board resignations at the state-owned asset manager. Eight board members, including Deputy Finance Minister David Masondo, who served as PIC board chair, have resigned, Godongwana said in a statement, with Masondo's departure on Thursday marking the latest exit.

Vodacom, UJ, AWS launch AI partnership to build next generation of South Africa’s digital talent

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JSE-listed Vodacom Group has launched a new AI partnership with the University of Johannesburg (UJ) and cloud computing platform Amazon Web Services (AWS) aimed at building South Africa's AI talent pipeline and strengthening collaboration between academia and industry. Speaking at the launch of the Vodacom AI Lab at Vodacom World, in Johannesburg, on July 24, Vodacom Group CEO Shameel Joosub said Africa had an opportunity not only to participate in the latest global AI developments, but to help shape it by developing its own talent, innovation and solutions.
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