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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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Unemployment rate worsens to 33.2%

South Africa's unemployment rate worsened by 0.3 of a percentage point to 33.2% in the second quarter, compared with the unemployment rate of 32.9% reported for the first quarter of the year. Statistics South Africa reports that there was an increase of 19 000 in the number of employed persons to 16.8-million, while there was an increase of 140 000 in the number of unemployed persons to 8.4-million in the second quarter. This resulted in an increase of 159 000 in the labour force during the same period.

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