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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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Ramaphosa: Local investment dominates as economic momentum builds

Hot off the success of R890-billion in investment pledges made at the South Africa Investment Conference last month, President Cyril Ramaphosa noted on Monday that most of the pledges were made by local firms, which he says signals to international investors that the South African economy is stable and strengthening. South Africa’s new target seeks R3-trillion in new investments over the next five years, which Ramaphosa said was called “unrealistic” by some. “Yet, building on the momentum that has been created, drawing on the efforts of all South Africans, there is no reason why we cannot achieve it,” he assured. With global uncertainty and increasing competitiveness, Ramaphosa expressed confidence that the pledges made at the conference reflected renewed confidence in South Africa’s economy, particularly after years of stagnant growth, State capture and electricity instability.

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