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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

Fedgroup concludes R1bn-plus facility to expand KwaZulu-Natal project

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Financial solutions company Fedgroup has concluded a senior debt refinancing facility in excess of R1-billion to support the continued expansion and finalisation of Seaton and Lalela Estates on KwaZulu-Natal’s North Coast. Through the consolidation of existing debt into a single senior facility, Fedgroup has become the sole funder of the estates’ next phase of development.

Araxi to expand payments capabilities with R1bn Pay@ Group buyout

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Bank and enterprise payment solutions company Araxi has announced that it will acquire business-to-business payments solutions company Pay@ Group for R1-billion. The proposed acquisition is expected to enhance Araxi Group’s payments capabilities significantly and enable it to deliver an expanded and more competitive offering to its enterprise clients across South Africa.

RASA welcomes Competition Commission's decisive action against suspected price-fixing in scrap ...

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The Recycling Association of South Africa (RASA) has welcomed the Competition Commission’s proactive and decisive intervention in the scrap metal sector. RASA points out that, on February 13, the commission conducted search-and-seizure operations at the premises of several major scrap metal buying companies as part of its ongoing investigation into alleged coordinated price-fixing of shredded and processed scrap metal.

Macpherson says property investment vehicle will unlock value from R155bn State portfolio

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Public Works and Infrastructure Minister Dean Macpherson has provided some more high-level details on a plan to use a ringfenced property investment vehicle to begin to unlock value from the State’s extensive portfolio of buildings and properties. While these holdings are collectively valued at about R155-billion, many of the properties currently stand vacant, are decaying or are underused. In addition, government spends up to R6-billion every year leasing private buildings.

NUM calls for urgent talks with Necom on Eskom unbundling following SoNA directive

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The National Union of Mineworkers (NUM) has called for urgent and structured consultations between organised labour and the National Energy Crisis Committee (Necom) task team that is deliberating on the transfer of Eskom’s transmission assets to an independent Transmission System Operator (TSO). In his State of the Nation Address (SoNA), President Cyril Ramaphosa gave the task team three months to report back to him on the restructuring process, including clear time frames for its phased implementation.
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