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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

AMSA flags widened interim losses

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Steelmaker ArcelorMittal South Africa (AMSA) has warned that its loss a share for the six months ended June 30 is likely to be between R1.10 and R1.14, compared with a loss a share of 84c in the first half of 2025. Further, its headline loss a share is expected to have widened by 45% to 51% to between R1.32 and R1.37, compared with the headline loss a share of 91c reported for the prior comparable period.

Itac recommends three-year safeguard duty extension for threaded fasteners

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The International Trade Administration Commission of South Africa (Itac), on February 27, initiated an investigation into the extension of safeguard duties against increased imports of threaded iron and steel fasteners. The application was lodged by the South African Fasteners Manufacturers' Association (Safma) on behalf of its members. Safma members constitute more than 80% of the total Southern African Customs Union (Sacu) industry by production volume.

Itac grants a 20% duty increase on certain rock drilling equipment parts

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The International Trade Administration Commission of South Africa (Itac) has recommended an increase in the general rate of customs duty on certain rock drilling equipment parts, from free of duty to the World Trade Organisation bound rate of 20% ad valorem. This follows an application made by South African manufacturer and supplier of valve gear and consumable spares for rock drills Derry Engineering.

Parly welcomes Treasury’s release of R7.1bn in municipal funds, but says it will be monitored

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Parliament’s joint oversight committees have welcomed National Treasury’s announcement that the remaining R7.1-billion in withheld local government equitable share transfers will be released to 49 municipalities on Friday. The breakthrough follows a critical meeting on Tuesday between Finance Minister Enoch Godongwana and Cooperative Governance and Traditional Affairs Minister Velenkosini Hlabisa regarding Treasury’s recent decision to temporarily freeze R13.5-billion from 69 noncompliant municipalities.

PIC seeks fixers after governance meltdown

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Africa’s largest money manager plans to appoint private contractors to help change its culture after a slew of suspensions and resignations left the state firm without a chair, board or chief executive officer. The Public Investment Corporation (PIC), which manages about $220-billion in public pensions, is looking for service providers to “design and facilitate and implement the culture-transformation interventions” that were identified as necessary in an internal survey, and for human resources to help implement them over a five-year period, according to a notice on its website.
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