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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

BLSA CEO calls for confidence, investment to improve GDP growth

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South Africa’s economy contracted by 0.2% in the second quarter, with trade, manufacturing and mining all shrinking. These figures underscore the point that reform creates conditions for growth but it does not guarantee it, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso writes in her latest weekly newsletter. Agriculture grew slightly in the period, while electricity and transport provided more upside support.

BRICS finance chiefs call for urgent IMF, World Bank reform

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BRICS finance chiefs and central bank governors on Friday reiterated calls for urgent reform of the International Monetary Fund and World Bank to give emerging and developing economies a greater say in the two institutions. The Bretton Woods institutions, created in the aftermath of World War II, should better reflect shifts in the global economy, they said in a joint statement, calling for increased IMF quota and voting shares for emerging and developing countries. They also backed greater representation of those economies in the leadership of the IMF and World Bank. “We reiterate the urgent need to reform the Bretton Woods Institutions to make them more agile, effective, credible, inclusive, fit for purpose, unbiased, accountable, and representative,” the finance chiefs and governors said in the statement.
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