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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

Chief economists have divergent views on AI stock gains, regional economic growth – WEF

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The World Economic Forum (WEF) finds in its latest 'Chief Economists’ Outlook' publication that 53% of respondents expect global economic conditions to weaken in the year ahead, down from 72% of chief economists that expected such in September last year. This shows the relative resilience of the global economy despite turbulence, the WEF states.

World Bank’s South African GDP growth forecast shows local reforms working – GCIS

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The World Bank’s outlook projects that GDP growth in South Africa will increase to 1.4% this year and 1.5% in 2027, which reflects the positive impact of continued reform momentum, particularly in the energy and logistics sectors, alongside rising public investment, says the Government Communication and Information System (GCIS). According to the World Bank report, private consumption and private-sector investment are expected to remain the main drivers of growth, supported by ongoing efforts to improve public expenditure efficiency and ease supply-side constraints.

South Africa’s rand set for longest winning streak since 2002

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South Africa’s rand is on a weekly winning run not seen in more than two decades as elevated precious-metal prices and an improving economic backdrop drive gains. The currency is on track for its eighth straight weekly advance against the dollar, which would be the longest streak since December 2002, according to data compiled by Bloomberg. It’s strengthened 6.1% over the period. While record gold and silver prices have supported rand gains, economic reforms and a cautious central bank have also helped. Policy makers adopted a lower inflation target last year, boosting confidence that the country will maintain its interest-rate advantage over the US. “Possibly, the main cyclical factor is the commodity tailwind,”, said Burak Baskurt, chief emerging markets strategist at BNP Paribas. “But structural factors mostly explain the sharp appreciation.”

Global trade set to slow in 2026 as protectionism, fragmentation intensify, Unctad says

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Global trade is expected to continue growing this year but at a slower pace after reaching a record high in 2025, as rising protectionism, geopolitical tensions and tighter regulation reshape trade flows and increase risks for developing economies, UN Trade and Development (Unctad) reports. In a global trade update published on January 15, Unctad said preliminary data showed global trade had grown by 7% in 2025, exceeding $35-trillion for the first time.
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