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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

Metair warns of earnings hit as Durban port delays drive up costs

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JSE-listed automotive group Metair Investments has warned shareholders that severe congestion at the Port of Durban will heavily affect the company’s bottom line, estimating unrecoverable additional costs at 20% to 25% of its prior-year earnings before interest, taxes, depreciation and amortisation (Ebitda). The company says that, among other issues, the implementation of the new terminal operating system has severely disrupted container handling and equipment failures, while limited crane availability has compounded the problem, with delays at times reaching 20 days.

Seifsa calls for urgent action to halt industrial decline

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Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on government to act urgently to arrest the deterioration of the metals and engineering sector. In a media statement, the federation says falling production, underutilised capacity and mounting import pressure are weakening the industrial base, adding that government’s response remains too slow and fragmented for the scale of the threat.

Eskom holds IPP conference to find solutions to add generation to grid

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State-owned power utility Eskom is hosting independent power producers (IPPs) and electricity sector stakeholders at its Megawatt Park, Sunninghill, offices to optimise grid connection and find practical solutions to bring more generation onto South Africa’s electricity grid. Grid access remains critical to advancing new generation projects and strengthening energy security, it says.

India’s Jindal Power gets $470m loan for Botswana project

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The power arm of Jindal Group has signed an offshore loan of about $470-million to help fund a power project in Botswana, according to people familiar with the matter, as one of India’s largest conglomerates boosts its footprint in the African nation. A group of three Indian lenders — Axis Bank, ICICI Bank and Export-Import Bank of India — provided the nine-year door-to-door facility to Jindal Power, the people said, asking not to be identified because the information is private. The loan is being syndicated with some global institutional lenders expected to join, the people said.

Ten years later, Highveld Industrial Park’s revival sets tone for future

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The Highveld Industrial Park, near eMalahleni, in Mpumalanga, has been successfully revived and repurposed into a fully integrated, large-scale industrial ecosystem. Celebrating its tenth anniversary this year, the park has positioned itself as a model for industrial regeneration, demonstrating how dormant industrial assets can be repurposed to support economic activity, job creation and South Africa’s broader reindustrialisation ambitions.
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