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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

Absa PMI declines to 47.3 points in June, but price pressures may have peaked

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Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined from 50.8 in May to 47.3 index points in June. The sharp decline in the PMI’s purchasing price index by 13.5 points to 71.3 in June suggests that April and May may have marked the peak of price pressures, particularly given the fuel price reductions that came into effect on July 1, the bank says.

Fortress to raise R1.35bn in bookbuild

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JSE-listed real estate investment trust Fortress Real Estate Investments has placed 55.67-million B ordinary shares at R24.25 a share as a bookbuild placement following strong institutional demand. The shares represent about 4.5% of the company’s total B ordinary shares in issue and will raise gross proceeds of about R1.35-billion, it says.

South32 to sell most of its aluminium assets to Alcoa Corporation for up to $5.6bn

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Diversified miner South32 has signed a binding conditional agreement to sell its aluminium value chain assets, including its interest in Worsley Alumina, in Australia, and Hillside Aluminium, in South Africa, to NYSE- and ASX-listed Alcoa Corporation for up to $5.6-billion. South32's Mozal Aluminium operation, in Mozambique, is, however, excluded from the transaction. The operation remains on care and maintenance, with divestment under "active consideration".

Stellantis expects to make decision on South African plant in coming months

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Stellantis is still reviewing plans for a proposed manufacturing plant in South Africa's Eastern Cape province and expects to make a decision in the coming months, the company's local manager said on Tuesday. The automaker announced plans in 2023 to build a greenfield factory in the coastal city of Gqeberha, formerly known as Port Elizabeth, its first plant in South Africa, with the original intention of producing only the Peugeot Landtrek pickup truck.

Ramaphosa reshuffles Cabinet following DA request

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President Cyril Ramaphosa has announced that, following consultation with the leadership of the Democratic Alliance as a member of the Government of National Unity, a number of changes have been made to the national executive. As speculated, John Steenhuisen has been appointed Trade, Industry and Competition Deputy Minister, while Willem Aucamp has been appointed Agriculture Minister and David Maynier Forestry, Fisheries and the Environment Minister.
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