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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 promises not to impose burdens on other customers as it inks MoU to support embattled ...

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Eskom has signed a memorandum of understanding (MoU) with Samancor Chrome and the Glencore–Merafe Chrome Venture in a bid to finalise an electricity tariff solution that prevents the closure of additional smelting capacity, and averts the threat of widespread job cuts in the sector. In a statement, Eskom said a joint task team had been set up to develop the intervention following what the State-owned company described as constructive engagements held on December 5 with Electricity and Energy Minister Dr Kgosientsho Ramokgopa and organised labour.

Building confidence index jumps to 10-year high

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The FNB/BER Building Confidence Index jumped to a 10-year high of 43 in the fourth quarter of this year, up from 35 in the third quarter. However, despite the uptick, the current index level still means that the majority (more than 55%) of respondents are dissatisfied with prevailing business conditions.

Highest weather station in Southern Africa installed in the Maluti-Drakensberg range

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The National Research Foundation – South African Environmental Observation Network (NRF-SAEON), in collaboration with the University of the Free State’s (UFS’s) Afromontane Research Unit (ARU), has installed the highest weather station in Southern Africa in the Mont-aux-Sources area of the Maluti-Drakensberg. Positioned atop the iconic Drakensberg Amphitheatre at 3 100 m above sea level, the automatic weather station will provide real-time climate data critical to understanding a region of exceptional biodiversity value, says the NRF.

Nampak grows full-year revenue and Ebitda, reduces debt

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JSE-listed packaging company Nampak increased its revenue for the financial year ended September 30, by 8% year-on-year, while trading profit increased by 26% and trading margin improved to 12.3% from 10.5% in the 2024 financial year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the metals segment was R1.6-billion, while the Ebitda of the corporate segment was R284-million. Ebitda based on operating profit increasing by 26% to R1.9-billion, the company says.

Scatec starts commercial operation at Grootfontein solar power plant

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Renewable-energy provider Scatec ASA has started commercial operation of the 273 MW Grootfontein solar power plant in South Africa, which will generate predictable revenues from a 20-year power purchase agreement. “We are proud to commence commercial operations at Grootfontein, reinforcing our strong record in South Africa.
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