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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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South Africa inflation jumps more than expected in June

South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursday. Annual headline consumer inflation accelerated to a two-year high of 5.0% in June from 4.5% in May, data from Statistics South Africa showed on Wednesday. Economists polled by Reuters had expected a reading of 4.7%. The transport category was the largest contributor to both the annual and monthly rises in the Consumer Price Index, as the Iran war sent fuel prices sharply higher. Annual core inflation, which strips out volatile items like food and energy, came in at 4.1% in June, also above economists' forecast for a reading of 3.9%. The South African Reserve Bank aims to keep inflation at 3% and will announce its next interest rate decision on Thursday.

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