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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

Agri SA, Agbiz partner with ISA to undertake targeted agri road corridor development

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Industry bodies Agri SA and the Agricultural Business Chamber of South Africa (Agbiz) have formalised a strategic partnership with Infrastructure South Africa (ISA) to prioritise critical agricultural road corridors in the Free State. Having signed a memorandum of cooperation, the organisations have made an important step towards aligning infrastructure planning with the logistics requirements of the agricultural economy.

Parsons welcomes US court’s tariff decision, but warns challenges still lie ahead

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The US Supreme Court’s decision last week to declare President Donald Trump’s reciprocal tariffs illegal is a “welcome respite” for several countries, South Africa included, which have had to contend with an aggressive US tariff policy of late, North-West University Business School economist Professor Raymond Parsons says. The court upheld the principle that the rule of law applies to any changes in US import tariffs and that legal remedies are possible for businesses wanting to redress the situation, he points out.

More engineers, technical capacity needed in municipalities to boost service delivery – IMESA

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Technical capacity within municipalities play a central role in addressing service delivery and infrastructure challenges, says the Institute of Municipal Engineering of Southern Africa (IMESA), calling for the appointment of more engineers. Residents and communities are increasingly frustrated by water shortages, failing roads and broken infrastructure, and President Cyril Ramaphosa, in his State of the Nation address, acknowledged that patronage at the expense of technical capacity and merit, is weakening local government administrations in many places.

South African banks raise $322m in debut rescue-debt issue

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South Africa’s biggest lenders raised $322-million in new loss-absorbing debt to comply with a central bank framework designed to ensure failing financial institutions can be recapitalised without taxpayer bailouts. Absa Group Ltd. raised R3.2-billion through the new instruments that are known as funding for loss-absorbing capacity, or FLAC, notes, the lender said in a statement Friday. They’re linked to Zaronia, the reference rate for short-term financial contracts that the central bank is introducing to replace the Johannesburg interbank average rate by year-end. Investor demand exceeded expectations. Against a target of R3-billion, the auction drew R8.41-billion in bids, with the notes 2.65 times oversubscribed, Absa Treasurer Richard Klotnick said in the statement.
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