SMME Support as of July 2020 SMME Support as of July 2020 What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa SuperUser Account / Wednesday, October 21, 2020 0 2381 Article rating: 5.0 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. Read more
AFRICOAST ENERGY LAUNCHED AFRICOAST ENERGY LAUNCHED SuperUser Account / Monday, April 13, 2015 0 56231 Article rating: 5.0 FOLLOWING significant growth in the renewable energy business, AfriCoast Engineers SA has developed a sister company to exapnd its vision. Read more
AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY SuperUser Account / Thursday, February 12, 2015 0 53261 Article rating: 4.0 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. Read more
South Africa traders are most bearish on rand in three years SuperUser Account / Tuesday, February 24, 2026 0 1 Article rating: No rating Bearish options bets on the rand are at the highest in almost three years as traders start to question whether the South African currency’s headlong rally has further to run. So-called risk reversals — the difference in cost between options to buy and sell the rand — are signalling concern about the currency after a historic 15% rally over the past year. While many investors remain bullish on the rand, the moves have gone so far that some are speculating the market is due for a pause, especially as investors brace for potential budget surprises this week. Read more
Goldman and Citi see South Africa waiting to adopt rule on debt SuperUser Account / Tuesday, February 24, 2026 0 1 Article rating: No rating South Africa’s finance minister is unlikely to formally adopt a fiscal anchor in this week’s budget, opting to wait until at least October to introduce the rule aimed at curbing public debt, according to a Bloomberg poll. Enoch Godongwana pledged in November that he would finalise a proposal for a fiscal anchor this year, a step seen as crucial to putting South Africa’s debt-to-gross domestic product ratio on a sustained downward path. The metric is projected to peak in the current fiscal year. Read more
South African banks raise $322m in debut rescue-debt issue SuperUser Account / Friday, February 20, 2026 0 21 Article rating: No rating South Africa’s biggest lenders raised $322-million in new loss-absorbing debt to comply with a central bank framework designed to ensure failing financial institutions can be recapitalised without taxpayer bailouts. Absa Group Ltd. raised R3.2-billion through the new instruments that are known as funding for loss-absorbing capacity, or FLAC, notes, the lender said in a statement Friday. They’re linked to Zaronia, the reference rate for short-term financial contracts that the central bank is introducing to replace the Johannesburg interbank average rate by year-end. Investor demand exceeded expectations. Against a target of R3-billion, the auction drew R8.41-billion in bids, with the notes 2.65 times oversubscribed, Absa Treasurer Richard Klotnick said in the statement. Read more
NHI paused for now as Ramaphosa awaits ConCourt ruling SuperUser Account / Friday, February 20, 2026 0 11 Article rating: No rating Two cases relating to the controversial National Health Insurance will be heard in the Constitutional Court in May, prompting President Cyril Ramaphosa to refrain from promulgating any provisions of the Act until they are both finalised. One of the challengers of the NHI Act, Solidarity, said on Friday that it had received communication from Ramaphosa’s legal team that the NHI would be placed on hold. It was signed into law by Ramaphosa in 2024 but is yet to be implemented. The two cases that will be heard in May relate to public participation challenges. “We are instructed to advise that, in order to ensure the orderly procedural conduct of the pending challenges and to avoid parallel proceedings overlapping, the President confirms the undertaking set out below. The President undertakes not to promulgate any provisions of the NHI Act prior to the Constitutional Court handing down judgment in the public participation challenges,” a letter from Ramaphosa’s legal team reads. Read more
South African rand flat amid firmer dollar; US inflation in focus SuperUser Account / Friday, February 20, 2026 0 17 Article rating: No rating The South African rand was flat in early trade on Friday as a stronger US dollar continues to dominate trading, with investors also focused on upcoming US inflation data for clearer signals on the Federal Reserve's next move. At 0717 GMT the rand traded at 16.1325 against the dollar, little changed from its previous close of 16.15. Read more