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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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Reserve Bank cuts key rate, will aim for bottom of target band

South Africa's central bank cut its key interest rate by 25 basis points to 7.00% on Thursday and said it would now aim for the bottom of its inflation target range. The rate cut was in line with the median forecast of economists polled by Reuters. The central bank's Monetary Policy Committee was unanimous in its decision, central bank governor Lesetja Kganyago told a press conference. "We have decided to aim for the bottom of our inflation target range, of 3%-6%, ... this would expand policy space and make our framework more robust to shocks," Kganyago said. Headline inflation in Africa's largest economy rose to 3.0% year on year in June from 2.8% in May after being below it for three months. The South African Reserve Bank also trimmed its policy rate by 25 basis points at its previous meeting in May.

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