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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

Itac review of sugar tariff must protect rural jobs and livelihoods, says SA Canegrowers

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The review process of the sugar tariff by tariff advisory body International Trade Administration Commission of South Africa (Itac) must give full and proper regard to the risk facing rural jobs and livelihoods, says industry organisation the South African Canegrowers Association (SA Canegrowers). A collapse in domestic sugar production as a result of heavily-subsidised cheap sugar imports entering South Africa would risk job losses and increased poverty, the industry body says.

South African rand at strongest since 2022 as precious metals surge

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The South African rand hit its strongest level against the dollar in 3-1/2 years on Monday, boosted by record precious metal prices and optimism about the country's economic outlook. The rand struck 16 per dollar for the first time since June 2022, before slipping slightly to trade at 16.03 at 1200 GMT. The global gold price surged to an all-time high above $5 100 an ounce as central banks and investors sought refuge from geopolitical risks and market volatility. Gold and other precious metals like platinum, which also set a record high on Monday, are major South African exports. Their rally helped the rand gain about 14% against the dollar last year and more than 3% so far this year.

South Africa nears fiscal turning point, Treasury chief says

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South Africa’s budget will show government debt stabilising relative to gross domestic product for the first time in almost 20 years, said the head of the National Treasury. It will also show a third straight primary surplus, supporting fiscal credibility and economic-growth prospects. “We are at an important turning point in South Africa’s fiscal trajectory,” Director-General Duncan Pieterse said in an editorial published in Business Day Monday. “Improved fiscal conditions will reduce the cost of servicing our debt, freeing up resources for critical frontline services and investment in public infrastructure.” The prospect of better metrics has pushed down bond yields, lifted the rand and delivered the first major ratings upgrade in 16 years.

Ramaphosa calls for increased investment to maintain economic recovery

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South Africa must build on the momentum of its economic recovery, and expanding investment is the key to a sustained shift in the country’s economic trajectory, President Cyril Ramaphosa writes in his latest weekly newsletter. He highlights four consecutive quarters of growth, a steady reduction in unemployment and recent data from Statistics South Africa showing that levels of poverty and inequality have declined, as indicators of economic recovery.

Gold prices push South Africa's rand closer to 16/$ handle

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South Africa's commodity-linked rand strengthened in early trade on Monday, edging closer to a 16-per-dollar level thanks to record gold prices, while traders awaited the central bank's first rate-setting meeting this year. At 0703 GMT the rand traded at 16.0475 against the dollar, roughly up by 0.4% on its previous close and hovering around its strongest level since June 2022.
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