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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 African rand at strongest since 2022 as precious metals surge

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.

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