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.


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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.

Industry News

Metair expects 105% knock to earnings in FY22

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JSE-listed energy storage and automotive components manufacturer Metair advises that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended December 31 will be at least 105% and 104% lower, respectively. EPS and HEPs will, therefore, be at least 369c lower than the EPS and HEPS of 350c and 354c, respectively, reported for the 2021 financial year.

Current account deficit at 2.6% of GDP in fourth quarter

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South Africa's current account balance switched to a deficit of 2.6% of gross domestic product (GDP) in the final quarter of 2022 from a small surplus in the third quarter, central bank data showed on Thursday. In rand terms the current account deficit for the October to December period was R174-billion from a surplus of R3.1-billion in the previous quarter.

Power-starved South Africa halts Karpowership bid for port plant

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Karpowership, the Turkish company seeking to supply 1 220 MW of electricity to South Africa, had its environmental application to moor a ship-mounted power plant at the port of Saldanha Bay suspended after allegations that the views of small-scale fisheries were misrepresented. Triplo4 Sustainable Solutions, the company’s consultant, was given until March 17 to respond to allegations by environmental nonprofit The Green Connection that it used the views of commercial fishing companies and aquaculture operators to represent those of smaller operators.

Airlink now has international marketing and sales representation on all five continents

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South African regional airline Airlink now has representation in markets in North America and Asia. This follows its appointment of Germany-based international aviation, tourism, hospitality, food and beverage brands communications company AVIAREPS as its General Sales Agent (GSA) in these markets. “North America is a significant source market, not just for Airlink, but for businesses, entrepreneurs, and leisure travellers,” explained Airlink Executive Manager: Sales & Marketing Carla da Silva. “Economic activity between South Africa and North America is increasing, including tourism, trade and commerce. Similarly, with Asia reopening we expect a surge in demand as re-emerges as another vital market for Airlink and the businesses and communities we serve.”

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