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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

Cape Town tables draft three-year, R40-billion capital budget

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Cape Town Mayor Geordin Hill-Lewis this week tabled a proposed R40-billion, three-year infrastructure budget for the city. “To give you some perspective on the progress we have made – in the 2021/22 budget, when all of us were elected, the city’s capital budget was R6.1-billion,” said Hill-Lewis.

First Chery vehicles to roll off Pretoria assembly line in mid-2027

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Chery South Africa (SA) says its newly acquired plant in Rosslyn, Pretoria, will be recommissioned and retrofitted over the next 12 to 18 months, with the first locally produced Chery-branded vehicles to roll off the assembly line by mid-2027. The Chinese manufacturer says it plans to invest in the modification and upgrade of the former Nissan facility to quickly bring the factory to full production capacity.

Cape Town seeks 500 MW from energy traders at below-Eskom rates

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The City of Cape Town has issued an energy trader tender that targets the procurement of 500 MW through power purchase agreements (PPAs), spanning one to ten years, from a variety of power generation technologies, including solar. Interested parties have until May 13 to respond to this tender, aimed at diversifying the city’s energy mix and protecting it against Eskom’s loadshedding schedule and the utility’s rising electricity charges.

South Africa tax collection beats estimate despite tough climate

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South Africa’s tax collection modestly beat estimates, boosted by stronger contributions from companies, personal income receipts and value-added tax, preliminary data show. The South African Revenue Service collected R2.010 trillion on a net basis in the fiscal year through March, Commissioner Edward Kieswetter told reporters in Pretoria, the capital, on Wednesday. The amount collected was 8.4% higher than the previous financial year and slightly better than the National Treasury’s estimate of R2.007-trillion in its budget review last month. Surpassing that forecast will help support Treasury projections that government debt peaked as a share of gross domestic product in the 2025-26 fiscal year.

Green energy features prominently at 2026 investment gathering

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Investment commitments by South African and international renewables investors featured prominently at the sixth South Africa Investment Conference, with combined pledges of more than R50-billion announced. In addition, green energy also featured strongly in an energy-related investment prospectus released by government at the event, where a new R2-trillion investment target was set for the period to 2030.
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