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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

Eskom sets out to appoint forensic services providers to resolve investigations backlog

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State-owned power utility Eskom has issued an invitation to tender or request for proposals for the provision of forensic and anticorruption services to resolve a backlog of forensic investigations. While Eskom maintains internal forensic capability, the scale and specialised nature of legacy cases require additional expertise to support accelerated delivery. This project forms part of the utility’s broader efforts to strengthen governance and accelerate consequence management across the organisation.

Traxtion says R1.4bn equity raise positions it for yet more rail investments as market opens

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Independent railways operator Traxtion has concluded an $86-million (R1.4-billion) equity capital raise, which the company says has created the financial platform for yet further investments into a South African market that is beginning to open up to competition. The transaction involves STANLIB Infrastructure Investments and Standard Bank, which have acquired an undisclosed minority position in Traxtion, as well as Harith’s InfraCo and PAIDF2 funds, consolidating Harith’s long-standing shareholding in the company.

TIA 2.0 aims to spearhead innovation

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The Technology Innovation Agency (TIA), an entity of the Department of Science, Technology and Innovation (DSTI), is entering a new stage for the agency, TIA 2.0, to position the agency at the forefront of innovation and drive economic growth and sustainable development. Speaking at a media engagement, in Sandton, on June 2, TIA chairperson Loyiso Tyira explained that this was a completely new way of working for the agency, differing from TIA 1.0, by adopting a systems-based approach and a quadruple helix model of innovation, which was cognisant of the fact that a working innovation system required an all-of-society method.

South Africa meeting fiscal, structural reform targets, Treasury DG Pieterse assures

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South Africa has demonstrated that it can deliver on its fiscal targets and its structural reform agenda, and the benefits of latent improving fiscal credibility are already evident in the form of lower borrowing costs and a stronger currency, National Treasury director-general Dr Duncan Pieterse has said. According to the National Budget tabled in February, South Africa's debt-to-GDP ratio stabilised for the first time since before the 2008 global financial crisis, and was expected to decrease to 76.5% by 2028/29. The country also posted a third consecutive primary surplus, he said in a prepared speech.
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