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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

Work begins on ambitious ‘whole-of-government’ services digitalisation plan

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The South African government is embarking on a new five-year roadmap to deliver a unified and modernised ‘One Person, One Government, One Touch’ system that reshapes how citizens access essential public services. The Roadmap on the Digital Transformation of the South African Government aims to formalise the integration of government services and develop a data exchange framework, establish a national digital identity, introduce a digital payments system and offer a zero-rated digital services platform.

dtic launches desk to support exporters impacted by US tariff hike

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The Department of Trade, Industry and Competition (dtic) on July 31 announced the launch of an Export Support Desk to serve as a direct point of contact for companies affected by the imminent 30% tariff hike on South African exports to the US, which comes into effect on August 1.  The support desk is among urgent interventions being implemented by the dtic in its efforts to protect jobs, preserve market access in the US and promote export diversification to alternate markets in Africa, the EU, Asia, Latin America and other strategic partners.

SAPVIA welcomes new solar PV projects under Bid Window 7

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The South African Photovoltaic Industry Association (SAPVIA) celebrates a significant milestone following the Department of Electricity and Energy’s (DEE’s) allocation of six new solar PV projects under Bid Window 7 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). SAPVIA says the six projects, totalling 1 290 MW, solidify solar PV’s leading role in South Africa’s clean energy transition. All awarded projects were secured by SAPVIA member companies, which the association says highlights the industry’s proven competitiveness and reliability.

AMSA’s decarbonisation plans on hold while long steel crisis persists

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Steelmaker ArcelorMittal South Africa (AMSA) is effectively putting its ambitious decarbonisation plans on hiatus while it figures out how to navigate the crisis surrounding the impending closure of its beleaguered long steel plants. During the company’s interim results presentation for the six months ended June 30, CEO Kobus Verster told Engineering News that, while the company’s decarbonisation plans were highly attractive from a cost-benefit perspective, it could not move ahead while the company faced so many uncertainties in its core business model.

Reserve Bank cuts key rate, will aim for bottom of target band

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South Africa's central bank cut its key interest rate by 25 basis points to 7.00% on Thursday and said it would now aim for the bottom of its inflation target range. The rate cut was in line with the median forecast of economists polled by Reuters. The central bank's Monetary Policy Committee was unanimous in its decision, central bank governor Lesetja Kganyago told a press conference. "We have decided to aim for the bottom of our inflation target range, of 3%-6%, ... this would expand policy space and make our framework more robust to shocks," Kganyago said. Headline inflation in Africa's largest economy rose to 3.0% year on year in June from 2.8% in May after being below it for three months. The South African Reserve Bank also trimmed its policy rate by 25 basis points at its previous meeting in May.
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