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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

Cell C emerges stronger, reduces debt as it delivers its maiden results post listing

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JSE-listed Cell C on Friday delivered its maiden financial results, since its listing in November, showing improved financial results as its turnaround gains momentum. During the year ended May 31, 2026, Cell C reported a 161.8% increase in earnings before interest, tax, depreciation and amortisation (Ebitda) of R5.51-billion, including one-off gains arising from the restructuring transaction.

Reatile to become ADNOC’s BBBEE partner following its takeover of Shell Downstream SA

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South African diversified investment holding company Reatile Group and ADNOC Distribution, part of Abu Dhabi’s State-owned energy group ADNOC, have announced that they have agreed to a long-term strategic relationship with a definitive agreement by which Reatile will acquire a minority shareholding in Shell Downstream South Africa (SDSA). This agreement will come into force once ADNOC Distribution has completed its acquisition of SDSA from Shell South Africa Holdings. ADNOC’s 100% acquisition of SDSA, announced in July, is valued at some $1-billion, before adjustments for net debt and working capital. The deal is subject to regulatory approvals and the meeting of the conditions precedent and the closing conditions. All being well, the deal is expected to be concluded next year.

Transnet taking action on procurement irregularity whistleblower report

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State-owned freight transport and logistics company Transnet says it is responding firmly to allegations of procurement irregularities at the company’s Richards Bay port terminal operations. The company says it is implementing the recommendations arising from an investigation into the alleged procurement irregularities, while further investigations into other matters raised in the preliminary report remain under way.

Nedbank event outlines opportunities for KZN manufacturers, despite challenges

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KwaZulu-Natal’s manufacturing sector has lagged since the pandemic, and there are myriad local and international challenges to contend with as it pursues a revival; however, there are opportunities that manufacturers have capitalised on and scope to bolster this. This was highlighted by economics insights company Spatial Economics senior economist Justice Matarutse, delivering the keynote address at financial institution Nedbank’s Manufacturing breakfast, held in Mount Edgecombe, KwaZulu-Natal, on August 20.
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