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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

Power outage disrupts Rand Water pumping operations

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A State-owned power utility Eskom-related power outage and power dip has disrupted operations at Rand Water’s Zuikerbosch and Lethabo pumping stations. A power outage occurred at about 09h45 on Monday and while it was restored shortly thereafter at about 11h20, water systems recovery require an additional four hours to reach full recovery after disruptions.

KPMG South Africa is to move its Johannesburg office to Sandton

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KPMG South Africa, which is composed of audit services entity KPMG Incorporated and advisory and tax services entity KPMG Services (Proprietary) Limited, has announced that it will relocate its Johannesburg office from Parktown to Sandton next year. The Johannesburg office is its head office. The group occupied its leased Parktown office for almost 30 years and the move is the result of a normal property asset transaction between commercial landlords. KPMG stated that the move had no effect on its long-term tenancy, professional service delivery, or local operations.

Independent power producer Globeleq has appointed a new chief development officer

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UK-based African independent power developer, owner and operator group Globeleq announced on Monday that it has appointed Edouard Wenseleers as chief development officer. His appointment has been made effective from August 10. He originally joined the company in 2018 and was most recently its MD Business Development and Head of East Africa. “Edouard’s appointment reflects both his significant contribution to Globeleq over the past eight years and the depth of leadership talent within our organisation,” explained Globeleq CEO Jonathan Hoffman. “He has consistently demonstrated the ability to originate, develop and deliver complex projects in some of Africa’s most dynamic markets. As we continue to expand our development portfolio and pursue new opportunities, I believe Edouard is the right leader to get the most out of our team and deliver value for our business and the communities we serve.”

Itac recommends maintaining antidumping duties on ropes, cables from Germany and the UK

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The International Trade Administration Commission of South Africa (Itac) has recommend that the current antidumping duties on ropes and cables from Germany and the UK be maintained. It recommended that the antidumping duties on ropes and cables exceeding 32 mm in diameter from the UK be maintained at 76.17% and that the antidumping duties on similar products from Germany be maintained at 93%.

PPC reports earnings growth as Zim operations deliver ‘outstanding’ performance

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JSE-listed cement and construction materials company PPC notes in a trading update for the five-month period to August 31, that group earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 40% year-on-year while the group Ebitda margin strengthened by 6.2 percentage points year-on-year to 22.1%. Group revenue also increased by 1%, with the positive revenue growth in Zimbabwe of 4% offsetting a 2% decline in South Africa and Botswana cement revenue, which reflects lower sales volumes partly recovered through improved price and product mix.
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