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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 ups wage hike offer in ongoing union talks

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State-owned power utility Eskom has raised its salary increase offer to trade unions to 5.5% from the 3.5% it proposed last year, a document seen by Reuters showed, though it remains well below what unions are demanding. Eskom has been a long-term drag on Africa's biggest economy through its electricity cuts and financial woes. But a sharp improvement in the performance of its coal-fired power stations has allowed it to stop implementing nationwide blackouts. It reported its first full-year profit in eight years last financial year.

MPC member Chris Loewald to leave Reserve Bank

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The head of economic research at South Africa’s central bank is taking early retirement from the institution, reducing the number of voting members on the monetary policy committee. Chris Loewald, who joined the South African Reserve Bank in 2011 after working for more than a decade at the National Treasury, will step down effective March 1, the central bank said in a statement on Friday.

Gauteng water demand surges

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Gauteng’s three metropolitan municipalities are consuming water well above its agreed quotas with water utility Rand Water. Combined, the cities of Johannesburg, Ekurhuleni and Tshwane are consuming 3 744-million litres of water a day, up from 3 602-million litres a day withdrawn a year ago and 3 693-million litres a day recorded last week.

Draft amendments to B-BBEE codes open way for Transformation Fund

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Trade, Industry and Competition Minister Parks Tau has Gazetted proposed amendments to the existing Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice in a bid to open the way for the establishment of a new Transformation Fund. The notice has allocated 60 days for public comment on the draft amendments.
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