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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

Poland pledges $1.1bn for African projects

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Bank Gospodarstwa Krajowego (BGK), Poland’s State development bank, has confirmed an allocated financing facility exceeding $1.1-billion, earmarked specifically for trade, joint ventures (JVs) and infrastructure projects across sub-Saharan Africa. A quarter of that allocation, or about $250-million, is targeted directly at South African ventures. The ‘Team Poland’ initiative brings together six sSate institutions – BGK, the Polish Investment and Trade Agency (PAIH), the Polish Development Fund and export credit insurer KUKE, among others – to provide financing, risk underwriting and market advisory for international expansion.

Eskom unbundling to be carefully sequenced and managed over coming 18 months – Pieterse

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National Treasury director-general Dr Duncan Pieterse has described moves under way to transfer ownership and control of Eskom’s grid assets to an independent Transmission System Operator (TSO) in the coming 18 months as a prerequisite for the investment and competition needed for affordable electricity. Pieterse co-chairs the Eskom Restructuring Task Team (ERTT) set up by President Cyril Ramaphosa in February to develop a detailed proposal and implementation plan to deliver an independent State-owned TSO.

Opinion: South Africa’s energy debate has skipped a step

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In this opinion article, Dr Ross Compton, who is Senior Director of Global Policy for the EnerGeo Alliance, argues that South Africa has oil and gas geological potential and that an enabling environment for responsible seismic surveys and exploration should, thus, be created.

Phelan Green’s family board approves R12bn Phase 1 eSAF investment

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Phelan Green’s family board has approved the Phase 1, R12-billion investment in the R47-billion electro-sustainable aviation fuel (eSAF) project near Saldanha Bay, and has committed the equity required to start construction in the first quarter of next year. Founded in 2005 and headquartered in Cape Town, the Phelan Green Group is an Irish, privately-owned family business. The group develops renewable-energy and sustainable fuel projects for the global energy transition.

Trade conditions firmed further in August – Sacci

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The South African Chamber of Commerce and Industry’s (Sacci’s) Trade Conditions Survey for August shows that trade conditions improved marginally in July and August and appear to have stabilised, although it remains in negative terrain. The effect of the war in the Middle East on fuel prices in April had a disrupting impact on trade conditions. Trade conditions appear to be recovering slowly, with the index, after reaching a low of 35 in June, having recovered somewhat to 42 in August.
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