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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

Omnia receives R21.8bn buyout bid from India-headquartered group

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JSE- and A2X-listed Omnia has announced that Solar SA Investments has made an offer to acquire all of Omnia’s issued ordinary shares in an all-cash transaction valued at R21.8-billion, after which Omnia’s shares will be delisted from the JSE and A2X markets. This follows only days after Omnia on September 11 informed shareholders that it was in discussions with a then unnamed party regarding a potential offer.

BLSA CEO calls for confidence, investment to improve GDP growth

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South Africa’s economy contracted by 0.2% in the second quarter, with trade, manufacturing and mining all shrinking. These figures underscore the point that reform creates conditions for growth but it does not guarantee it, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso writes in her latest weekly newsletter. Agriculture grew slightly in the period, while electricity and transport provided more upside support.

Ramaphosa touts BRICS success, vows to build on $10-billion SA-India economic ties

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President Cyril Ramaphosa has reaffirmed South Africa's commitment to leveraging its BRICS membership to drive domestic economic growth, expand trade and solidify bilateral ties with India. Following the conclusion of the 18th BRICS Summit, held over the weekend in New Delhi, in India, Ramaphosa detailed how South Africa is capitalising on its strategic partnerships to boost investment and modernise key domestic industries.

New Network Statement to increase rail-access contract period to 15 years

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Public consultations on the draft Network Statement Version 4, which will govern access to South Africa's national rail network for the coming two years, have been concluded and it is anticipated that the document will be Gazetted imminently. Transnet Rail Infrastructure Manager (TRIM) CEO Moshe Motlohi tells Engineering News that the final consultations on the document were concluded with the Department of Transport (DoT) in early September, following a public-comment phase launched in early July.
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