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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

‘Boost for global standing’ – Ramaphosa welcomes S Africa’s grey list exit

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President Cyril Ramaphosa said on Monday that government has committed more spending to counter money-laundering and terrorism financing, as he welcomed South Africa’s exit from the Financial Action Task Force grey list. He wrote in his weekly letter to the nation that exiting the grey list demonstrated that government’s anti-money laundering system was beginning to act against corruption and other financial crimes. He said it laid the basis for further improvements. “…it is a signal of our collective determination to ensure that the malfeasance of the past is well behind us,” he said. Ramaphosa said the exit boded well for the integrity and reputation of South Africa’s financial system, its status as an investment destination and for the economy.

Wage talks in vehicle assembly sector deadlocked

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The National Union of Metalworkers of South Africa (Numsa) says wage talks in the vehicle assembly sector have stalled, with the union and employers at odds over the increases on offer to cement a new three-year wage deal. The Automobile Manufacturers Employers Organisation (Ameo) is offering 6.5% for the first year, and 5% for the following two years.

DoT opens RFI process for passenger rail, including long-distance projects

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The Department of Transport (DoT) has kickstarted a request-for-information (RFI) process for private companies interested in investing in South Africa’s passenger-rail system. Speaking at a media briefing on the weekend, Transport Minister Barbara Creecy said the State-owned Passenger Rail Agency of South Africa (PRASA) had commissioned 35 out of its 40 passenger corridors by the end of May, and had achieved a yearly audited figure of 77-million passenger journeys.

PPS Investments expects noisy but benign investment environment in coming quarters

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Financial services firm PPS Investments, in its ‘Investment Perspectives’ report for the third quarter, says it expects the environment to remain noisy, but benign, over the coming quarters and for markets to continue oscillating as new data and policy surprises come to the fore. Further, the company foresees potential for the US rally to continue, supported by AI-led growth, and for broader gains outside the US in markets, such as South Africa, where valuation support exists.

Global airports body issues guidelines for private sector participation in developing airports

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Airports Council International (ACI) World and ACI Latin America and the Caribbean (ACI LAC) jointly released, on Monday, their new guideline document for airport development by means of concession agreements. The document, entitled 'Airport Development Concessions Agreements: Global Approaches and Guidelines for Public-Private Partnerships' (PPPs), was released at the joint ACI World and ACI North America Annual General Assembly, Conference and Exhibition, in Toronto, Canada. “Airports are ...
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