banner

News

SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

SuperUser Account 0 5486 Article rating: 3.5
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

SuperUser Account 0 56458 Article rating: 4.0
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.
RSS

Industry News

Mega-scale 506 MW Free State solar cluster takes another big step forward

SuperUser Account 0 17 Article rating: No rating
A mega-scale solar and battery storage hub is under construction on a 560 ha site in the grid-ready Free State province – a development that comprises two solar PV farms with a combined capacity of 506 MW and advanced plans for the construction of an associated battery energy storage system (BESS). The NOA Group, which is developing the project to supply private customers, reports that the 157 MW Khauta West solar PV facility achieved financial close this month. This, after the 349 MW Khauta South advanced to financial close in June.

Treasury holds first round of workshops on fiscal anchors, broad public engagement to follow

SuperUser Account 0 18 Article rating: No rating
The National Treasury has reported back on the first round of consultative stakeholder workshops on its Fiscal Anchors discussion document, which was published on March 12. The workshops marked the opening stage of a broader consultation process aimed at strengthening the sustainability, credibility and transparency of South Africa’s fiscal framework. The discussion document outlines how slow economic growth and persistent budget deficits have led to a tripling of public debt over the last 15 years. This has forced the government to spend more on interest payments, crowding out services and investment.

New code on dismissals positive, but withdrawal of lending amendments a setback – Mavuso

SuperUser Account 0 17 Article rating: No rating
The new code of practice on dismissals, under the Labour Relations Act, which makes it easier for small businesses to dismiss underperforming employees is welcome news, but the withdrawal of credit regulation reforms that would have helped small businesses access loans more easily is a setback, says business organisation Business Leadership South Africa CEO Busi Mavuso. The new code of practice on dismissals, which was gazetted by Employment and Labour Minister Nomakhosazana Meth last week, is based on draft codes published in January that had been developed through an extensive National Economic Development and Labour Council (Nedlac) process, Mavuso points out.

Afrimat Construction Index recovers in second quarter, with materials value and volumes up

SuperUser Account 0 20 Article rating: No rating
The Afrimat Construction Index (ACI) recorded a solid recovery in the second quarter, with several key indicators having made a strong rebound since the first quarter of the year. The index, compiled by economist Dr Roelof Botha on behalf of JSE-listed construction materials and industrial minerals producer Afrimat, showed a 21.7% quarter-on-quarter increase in the value of buildings completed indicator, while the sales value of building materials indicator was up by 13% and the volume of building materials produced by 10%.

Reserve Bank’s new inflation goal faces a key test

SuperUser Account 0 20 Article rating: No rating
The South African Reserve Bank’s (SARB's) new goal of anchoring inflation at 3% faces a big test this week, with two key data points and its first policy meeting since announcing the move. A closely watched gauge of inflation expectations will be released at 10 a.m. local time, followed by the August consumer price index Wednesday and the SARB’s interest-rate decision a day later.
RSS
12

© AfriCoast Energy (Pty) Ltd

Designed by Gavin Sterley in association with Meropa

Developed by PCW New Media