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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

African business leaders to sign manifesto on continental economic growth, investment

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Leaders of several major international organisations are set to sign a manifesto on the advancement of African business on November 21, Italian management consulting firm and international think tank TEHA Africa CEO Pietro Mininni has announced. The signing will take place on the second day of the TEHA CEO Dialogue on Southern Africa, organised by The European House – Ambrosetti in Johannesburg.

Ramaphosa doubles down on ‘Equality, Solidarity and Sustainability’ theme in B20 address

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President Cyril Ramaphosa doubled down on South Africa’s G20 Presidency theme of ‘Equality, Solidarity and Sustainability’ in an address to the B20 on the eve of the G20 Leaders’ Summit in Johannesburg, which is being boycotted by the US and which has been strongly critical of the theme. “South Africa embarked on its G20 Presidency determined to advance the principles of Equality, Solidarity and Sustainability.

Mining Weekly driven around Joburg in platinum-based hydrogen fuel cell electric car

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Mining Weekly as well several B20 visitors were this week chauffeured around Johannesburg in a platinum-catalysed hydrogen fuel cell electric vehicle (FCEV) that journalists attending South Africa’s B20 Summit witnessed being refuelled by Air Products with hydrogen from Sasol, and the full tank providing sufficient energy for a 500 km to 600 km journey. (Also watch attached Creamer Media video.) Six companies were responsible for the impressive display of mine-to-market activation, which elevated the status of South Africa’s platinum group metals sky-high at a time of visiting B20 delegates.

Collaboration highlighted as pivotal to pursue infrastructure development for minerals

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Unlocking Africa’s resources potential requires infrastructure development and this should be pursued collaboratively, Electricity and Energy Minister Dr Kgosientsho Ramokgopa said on the second day of the Business 20 (B20) Summit, in Sandton, on November 19. The B20 South Africa 2025 Summit is being held for the first time in Africa, as part of South Africa’s G20 presidency.

South African key rate lowered at first decision under new inflation target

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South Africa's central bank cut its main lending rate by 25 basis points to 6.75% on Thursday at the first meeting since its inflation target was lowered, easing concerns that the new target would prevent it from cutting rates. The decision by members of the bank's Monetary Policy Committee was unanimous. "Members agreed there was scope now to make the policy stance less restrictive, in the context of an improved inflation outlook," Governor Lesetja Kganyago told a news conference. The bank made small downward revisions to its inflation forecasts for 2025 and 2026. Economists polled by Reuters had been divided on what Thursday's policy decision would be. Some thought the committee would take a cautious stance given its new 3% inflation target, while others thought there was room for a rate cut with inflation only slightly above target and within a 1-percentage-point "tolerance band" set by the finance minister.
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