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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

Home Affairs boosts border force with 301 new immigration officers

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The South African Department of Home Affairs has initiated a major recruitment drive to hire 301 additional immigration officers, aiming to drastically bolster the country's border security and law enforcement capabilities. This deployment addresses a long-standing personnel deficit that has strained the department's capacity to police national immigration laws effectively.

Turkish Airlines announces increased number of flights to both its South African destinations

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Turkish Airlines has announced that it will increase the frequency of flights on both its Istanbul-Johannesburg and Istanbul-Cape Town routes, with effect from late October. This will be to meet the elevated demand during the northern winter/southern summer season. Currently, Turkish operates seven flights a week between Johannesburg and Istanbul and another seven a week between Cape Town and Istanbul, for a total of 14. The airline will introduce three extra flights a week on each route, to take the weekly total to 20. These extra flights will be operated until late March next year. They are expected to boost two-way tourism, business and air cargo between the two countries.

SAETA urges timely finalisation of electricity market rules to unlock investment, competition

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South Africa's electricity market reforms have reached a critical point, with the regulations now being finalised by the National Energy Regulator of South Africa (Nersa) set to determine whether the country succeeds in attracting the private investment needed to build a competitive, secure and affordable electricity market, states industry body the South African Energy Traders Association (SAETA). As South Africa transitions from an electricity system dominated by State-owned Eskom to one with multiple market participants, including buyers, sellers and privately owned generators, Nersa is finalising the market code, which underpins the South African Wholesale Electricity Market (SAWEM), as well as the trading rules, which provide for specific trading arrangements within the evolving electricity market.

City of Johannesburg welcomes Moody's ratings confirmation, positive outlook

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The City of Johannesburg (CoJ) has welcomed the decision by Moody's Ratings to affirm the city's long-term issuer rating at Ba3, while revising the outlook to positive, following the conclusion of its review. The city, in a media release, says the rating affirmation and positive outlook represent an important vote of confidence in the city's financial resilience, its ability to meet its debt obligations and the strength of Johannesburg's economic fundamentals despite a challenging operating environment.
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