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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

AMSA, IDC reopen deal talks with nonbinding offer for mills

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ArcelorMittal and South Africa’s biggest development finance institution have resumed talks over the potential acquisition of the Luxembourg-based steel giant’s operations in the African country, after failing to lure other suitors. The Industrial Development Corporation (IDC) will submit a nonbinding offer for the business, said the people, who asked to not to be identified because the information is still private. Late last year, talks between the parties fell apart without a deal after ArcelorMittal didn’t accept an informal proposal of about R8.5-billion, which would have included the repayment of R7-billion in debt to the South African unit’s parent.
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