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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

SARB takes 50% shareholding in PayInc, establishing it as a national payments utility

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Automated clearing house and payments infrastructure company PayInc, previously known as BankservAfrica, says the South African Reserve Bank (SARB) has subscribed to a 50% equity shareholding in it, which establishes PayInc as a national payments utility, jointly owned by the central bank and South Africa’s commercial banks. Concurrently, financial services firms Capitec and Investec have subscribed as direct shareholders, while Access Bank, African Bank, Capitec, Citibank SA and Investec will also subscribe for direct holdings in PayInc through the unbundling of the Dandyshelf shareholding.
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