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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

FNB, Mastercard launch cross-border payment service

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Financial services provider FNB and multinational payment card services company Mastercard on November 11 launched Globba, a cross-border payments solution powered by Mastercard Move. The product aims to simplify and secure the way South Africans send money abroad, with research indicating that people in the country are considerable senders, and that there is a need for money to be sent and accessed quicky, efficiently and cost-effectively, FNB Personal Segment Lytania Johnson explained at the launch in Sandton.

Manufacturing production up 0.3% y/y in Sept

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South Africa’s manufacturing production increased by 0.3% year-on-year in September, Statistics South Africa (Stats SA) reports. The largest positive contributions were made by the motor vehicles, parts and accessories and other transport equipment division – 7.6% and contributing 0.5 of a percentage point – and the food and beverages division – 1.8% and contributing 0.5 of a percentage point.

ArcelorMittal, IDC end exclusive South Africa talks with no deal

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ArcelorMittal’s exclusive talks with South Africa’s biggest development finance institution regarding its potential sale of its local steel operation have ended without a deal, leaving the company free to seek other investors. An informal proposal of about R8.5-billion from South Africa’s Industrial Development Corporation (IDC) made to the Luxembourg-based steelmaker hasn’t broken the impasse, people familiar with the situation said. Talks are continuing about a possible gradual takeover of ArcelorMittal South Africa, or AMSA, the people said, asking not to be identified because the company hasn’t made a public statement.

South Africa starts trial of first self-made vaccine in 50 years

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South Africa started a clinical trial for its oral cholera inoculation, the first developed from scratch locally in 50 years as President Cyril Ramaphosa has joined continent-wide calls for growing vaccine self-sufficiency. Less than 1% of the world’s vaccines are made in Africa, even as infectious diseases are the leading cause of death on the continent, especially in children younger than five. Only a handful of African countries have vaccine-production facilities, with South Africa and Senegal the sole nations in the region with capacity to make them from start to finish. If the trial is successful, the Biovac Institute — a partly State-owned developer — will sell the vaccine from 2028. Recent global outbreaks of the diarrhoeal disease have raised demand for inoculations.

Mossel Bay bulletproofs Hartenbos waste water plant with solar, microgrid project

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The Mossel Bay municipality has cut the ribbon on the Hartenbos Waste Water Treatment Works solar PV plant and microgrid project. Developed in partnership with Solareff and Element Consulting Engineers, the hybrid, grid-tied microgrid is designed to ensure uninterrupted power supply to the wastewater treatment facility, up to and including Stage 6 loadshedding.
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