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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

Sustained Middle East conflict could push global insolvencies up by 10% this year

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Global business insolvencies are set to rise by 6% this year, on the back of a 6% rise in 2025, which would result in the fifth consecutive year of growing insolvencies, before plateauing at a high level in 2027, says trade credit insurance company Allianz Trade. However, a prolonged conflict in the Middle East would amplify insolvency risks.

South Africa poised for record IPP deployments in 2026

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South Africa’s utility-scale renewables and battery storage market is poised for a record year of installations, a new research note produced by the Power Futures Lab at the UCT Graduate School of Business shows. Authors Dr Olakunle Alao and Dr Wikus Kruger state that six projects with a combined capacity of 1 787 MW had already advanced to financial close by April 30, while a further 27 projects, representing 3 575 MW, are poised to achieve that milestone by year-end.

Heidelberg weighs bid to acquire South African cement firm PPC

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Heidelberg Materials is in talks with banks to appoint financial advisers as it considers a bid for top South African cement maker PPC, according to people familiar with the matter. The German building-materials firm already has a presence especially in West Africa and wants to expand on the continent, said the people, who asked not to be identified because the information is private. Heidelberg is weighing a complete acquisition of the 134-year-old Africa-focused cement maker, they said.

DWS calls on water users to register, update water user information

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Water users are being urged to register or update their water use information as part of a nationwide effort to strengthen the management and protection of South Africa’s water resources. The 90-day registration period started on April 24 for all water users who are not registered or whose details are outdated.

Kganyago wary of CPI yet guarded on rate outlook

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South Africa’s central bank Governor Lesetja Kganyago said policymakers will “very carefully” monitor incoming data to guide their next rate decision, as the Iran war clouds the inflation outlook and injects fresh uncertainty into the global economy. “As ever, we are not going to pre-commit to a path and give up optionality. We cannot offer certainty about our next steps,” Kganyago told an audience on Monday at Rhodes University in the Eastern Cape. “Instead, we want to maximize certainty about where inflation is going – specifically, that it is going back” to the 3% target, he said.
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