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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

Oil prices firm as investors weigh supply outlook and Venezuelan uncertainties

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Oil prices rose on Tuesday as the market weighed expectations of ample global supply this year against uncertainty around Venezuelan crude output after the US capture of President Nicolas Maduro.  Brent crude futures gained 46 cents, or 0.74%, to $62.22 a barrel by 1407 GMT while US West Texas Intermediate crude rose 41 cents, or 0.7%, to $58.73.

60% of African companies faced AI-enabled attacks; 25% of AI defence tools seen as advanced - ...

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The 'AI Is Raising the Stakes in Cybersecurity' report, published by consulting firm Boston Consulting Group (BCG), finds that almost 60% of African companies believe they experienced an AI-powered cyberattack in the past year, while only half prioritise using AI to improve cyber-defences. The report finds that 3% of African companies, compared with 5% of companies globally, have significantly increased cybersecurity budgets owing to AI. Further, 82% of African companies, compared with 69% of companies globally, report difficulty hiring AI-cybersecurity talent.

Rand rally looks sustainable as volatility nears 25-year low

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Traders are just fine with the rand at its strongest level against the dollar in more than three years, volatility measures show. The South African currency strengthened 14% against the greenback in 2025 and extended gains this year, buoyed by record-high precious-metal prices and improving investor sentiment as economic reforms were rewarded by a credit-rating upgrade from S&P Global Ratings in November.

25-year-old KZN consulting engineer firm MNA highlights lessons for success for startups

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Consulting Engineering firm Makhaotse, Narasimulu & Associates last month celebrated 25 years in the sector. Founded in KwaZulu-Natal, the company now has six offices spread across the country, in the Eastern Cape, Free State, Gauteng, Limpopo and the Western Cape. “One of our earliest hurdles was trust,” highlighted company co-founder and director Martin Makhaotse. “As we reflect on 25 years, South Africa was still in the early stages of transformation and while there were many opportunities, competition remained intense. What remains a strong hold over two decades later is that clients always want reassurance that you have the resources and skills to deliver. And our anniversary is a testament to our ability to deliver on this trust.”
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