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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

IMF, World Bank, IEA warn that fuel prices may remain high for prolonged period

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The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have jointly warned that fuel and fertiliser prices may remain high for a prolonged period even if regular shipping flows resume through the Strait of Hormuz. In a statement after a meeting of the coordination group the three entities established in early April to maximise their response to the energy and economic impacts of the war in the Middle East, they indicated that the negative effects could linger given the damage to infrastructure as a result of the conflict.

IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls

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The International Monetary Fund, World Bank and International Energy Agency on Monday urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they called the biggest shock ever to the global energy market. IEA chief Fatih Birol told reporters after a meeting with IMF and World Bank leaders that several countries were holding onto stocks and imposing export restrictions and appealed to all countries to let energy stocks flow to the markets. He did not name the countries.

South Africa agrees new climate loan, critical minerals cooperation on Germany visit

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Germany has agreed to give South Africa a new €200-million ($234-million) concessional climate loan, and the two countries will deepen cooperation in other areas like critical minerals, South Africa's foreign minister said on Monday. The loan will support investment in South Africa's power grid and renewable energy capacity, Minister Ronald Lamola said after talks with German counterpart Johann Wadephul in Berlin.

Audi South Africa aims to maintain market share in constrained conditions

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Audi South Africa is aiming to maintain its second place in the country’s premium market, and also boost its market share, despite challenging times in the automotive industry and a reduction in this segment. At a media engagement last week, Audi South Africa head Markus Schuster indicated the manufacturer sold 5 350 vehicles last year, enabling it to overtake Mercedes-Benz to become the second biggest German premium market brand in South Africa, at 17%. This was supported by its top selling models – the A1, Q3 and Q5.
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