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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

Fiscal support for Budget Facility for Infrastructure gains momentum

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The National Treasury will direct R20-billion of the projected R70.8-billion revenue overrun for the coming two years towards the Budget Facility for Infrastructure (BFI) pipeline. Director-general Dr Duncan Pieterse said this ringfenced amount for the BFI took account of the fact that government was currently meeting its fiscal target and that, besides building a R10-billion contingency reserve buffer, it was seen as sensible to direct the bulk of the revenue overrun towards public infrastructure.

Greater improvements required to strengthen infrastructure management, delivery – IMF finds

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Ahead of the Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on October 21, the National Treasury has solemnly reflected on multinational organisation the International Monetary Fund's (IMF’s) assessment of South Africa’s public investment management with its Public Investment Management Assessment (PIMA) and Climate-PIMA tools (C-PIMA), which found that South Africa has relatively strong public investment management institutions and frameworks, particularly for planning and resource allocation. However, weaknesses in implementation constrain the extent to which these frameworks translate into effective infrastructure outcomes.
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