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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

Developing countries hit by overlapping crises, UNDP chief warns

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Rising energy costs, a super El Nino and soaring borrowing costs are increasing pressure on developing countries, with conditions nearing those of the pandemic when the G20 suspended debt payments for the poorest nations, the United Nations Development Programme said on Friday. Global policymakers are expected to discuss the huge challenges facing developing countries at the annual meetings of the International Monetary Fund and World Bank in the Thai capital Bangkok from October 12 to 18, UNDP Administrator Alexander De Croo told reporters. He warned events could trigger a "domino effect with many, many countries being pushed into financial distress," but stopped short of calling for a new round of debt relief.

Absa becomes first African bank to offer digital-asset custody

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Absa Group has become the first bank on the continent to offer digital-asset custody as it seeks to tap a market estimated at about $1.5-billion. The Johannesburg-headquartered lender will offer its South African asset institutional clients, which include asset managers, non-bank financial institutions and corporates, with secure safekeeping, administration and transfer services for digital assets.

Ten years at the wheel, Toyota boss gears up for yet more change

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Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby this year marks a decade in the driver’s seat at the country’s best-selling vehicle brand. (Toyota has, in fact, been South Africans’ favourite car brand for 46 years running.) When Kirby took charge of the Japanese subsidiary in 2016, the automotive industry was a very different place, both globally and on the domestic front.

South Africa delays RFP for $1bn inaugural private grid procurement to 2027

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The South African government has announced a delay to Phase I of the country’s inaugural independent transmission projects (ITP) procurement programme, indicating that the final request for proposals (RFP) is now targeted for release in the second quarter of the 2027 calendar year. The Department of Electricity and Energy and the National Treasury, which are driving the procurement being implemented through the Independent Power Producer Office, have previously indicated that the RFP would be released by no later than the third quarter of the 2026 calendar year.

High fuel prices weighed heavily on South Africa’s second-quarter GDP – TIPS

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South Africa's non-agricultural GDP contracted by 0.2% in the second quarter, ending four quarters of growth. This slowdown was primarily owing the extraordinary global spike in petrol and diesel prices following the start of the US-Israeli and Iran war at the end of February, says economic research institution Trade and Industrial Policy Strategies (TIPS).
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