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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

Trump’s trade envoy to meet with Parks Tau

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US Trade Representative Jamieson Greer and Minister of Trade, Industry and Competition Parks Tau are expected to meet on Thursday in a bid to resolve an impasse over tariffs, people with knowledge of the matter said. The parties will meet while a South African delegation visits New York to attend the United Nations General Assembly, said the people, who asked not to be identified as the information is private. Relations between the two countries have deteriorated since President Donald Trump’s inauguration in January, with the American leader falsely accusing the nation of conducting a genocide against White people.

South Africa inflation falls to 3.3% y/y in August

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South African inflation unexpectedly slowed in August thanks to softer fuel and food prices, with some analysts saying the central bank might now decide to cut interest rates on Thursday. Headline consumer inflation fell to 3.3% year-on-year from 3.5% in July, lower than the 3.6% forecast of economists polled by Reuters. The consensus before Wednesday's inflation data was that the central bank would maintain its repo rate at 7% on Thursday as it seeks to steer inflation to 3%, the new, lower level it said it would aim for at its last policy meeting. But some analysts said the downside surprise, coupled with falling bond yields and a stronger rand, opened the door to another cut. "This (inflation) release is something of a game changer. Suddenly, the September meeting is looking very live," said Razia Khan, chief economist for Africa and Middle East at Standard Chartered.
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