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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

Itac grants a 20% duty increase on certain rock drilling equipment parts

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The International Trade Administration Commission of South Africa (Itac) has recommended an increase in the general rate of customs duty on certain rock drilling equipment parts, from free of duty to the World Trade Organisation bound rate of 20% ad valorem. This follows an application made by South African manufacturer and supplier of valve gear and consumable spares for rock drills Derry Engineering.

Parly welcomes Treasury’s release of R7.1bn in municipal funds, but says it will be monitored

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Parliament’s joint oversight committees have welcomed National Treasury’s announcement that the remaining R7.1-billion in withheld local government equitable share transfers will be released to 49 municipalities on Friday. The breakthrough follows a critical meeting on Tuesday between Finance Minister Enoch Godongwana and Cooperative Governance and Traditional Affairs Minister Velenkosini Hlabisa regarding Treasury’s recent decision to temporarily freeze R13.5-billion from 69 noncompliant municipalities.

PIC seeks fixers after governance meltdown

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Africa’s largest money manager plans to appoint private contractors to help change its culture after a slew of suspensions and resignations left the state firm without a chair, board or chief executive officer. The Public Investment Corporation (PIC), which manages about $220-billion in public pensions, is looking for service providers to “design and facilitate and implement the culture-transformation interventions” that were identified as necessary in an internal survey, and for human resources to help implement them over a five-year period, according to a notice on its website.

Sanral concedes routine road maintenance procurement process was flawed, changes approach   

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The South African National Roads Agency Limited (Sanral) on July 28 held a media briefing to set the record straight on allegations of corruption and to clarify legal issues surrounding the entity’s procurement system. Speaking at the briefing, outgoing CEO Reginald Demana said the timing of his resignation was not in response to the issues facing Sanral and assured stakeholders that he had not been asked to step down by the new board, which assumed office on March 1.

SolarAfrica, MPower to build 184 MW solar, 300 MWh storage plant in Mpumalanga

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Independent power producer (IPP) SolarAfrica has partnered with property investment company Moolman Group’s energy platform MPower and investment company Fledge Capital to develop the 184 MW utility-scale solar PV plant and 300 MWh battery energy storage system (BESS), in Mpumalanga. Located near eMalahleni, the Highveld Hybrid Energy project will combine large-scale solar generation with battery storage, thereby enabling renewable energy generated during the day to be stored and discharged during periods of higher demand.
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