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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 keeps repo rate steady in split decision

South Africa's central bank kept its main lending rate unchanged at 6.75% on Thursday, saying it wanted to see inflation expectations fall further and citing potential price pressures including electricity tariffs. The majority of economists polled by Reuters had expected no change in the repo rate. Central bank Governor Lesetja Kganyago told a press conference that four members of the bank's Monetary Policy Committee preferred to keep the repo rate steady, while two favoured a 25-basis-point cut. "We look forward to (inflation) expectations declining further as South Africans experience ongoing lower inflation," Kganyago said. South Africa's headline inflation rate inched up to 3.6% in December from November, above the bank's 3% target but staying within its one-percentage-point tolerance band.

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