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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

R1.2bn project to revamp Cape Town’s Golden Acre gathering steam

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The R1.2-billlion project to redevelop Cape Town’s well-known Golden Acre is gathering steam, with construction work in full swing to convert the 110-m-high, 24-storey office tower, located in the central business district (CBD), into rental accommodation. The more than 400 new units will include studios, as well as one-bedroom and two-bedroom units.

New dashboard confirms strong pipeline of advanced grid-connected projects

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A total of 332 generation and storage projects with a combined nameplate of 31.7 GW have either received budget quotes for grid connection in South Africa or have budget-quote applications pending for grid connection before 2030, a newly publicly available online portal shows. Of that, nearly 24 GW is made up of 204 advanced projects (mostly in the form of variable renewables projects) that are seeking to be connected to the grid over the coming five years.

South Africa’s wine exports decrease

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South Africa’s wine exports reached 264-million litres this year (the sector’s export versus domestic sales is 40:60) generating R9.8-billion in export value, a 2.4% year-on-year decline and a 13.8% contraction in volumes. Year-on-year, packaged wine volumes declined by 4.6%, but export value held steady.

Itac review of sugar tariff must protect rural jobs and livelihoods, says SA Canegrowers

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The review process of the sugar tariff by tariff advisory body International Trade Administration Commission of South Africa (Itac) must give full and proper regard to the risk facing rural jobs and livelihoods, says industry organisation the South African Canegrowers Association (SA Canegrowers). A collapse in domestic sugar production as a result of heavily-subsidised cheap sugar imports entering South Africa would risk job losses and increased poverty, the industry body says.

South African rand at strongest since 2022 as precious metals surge

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The South African rand hit its strongest level against the dollar in 3-1/2 years on Monday, boosted by record precious metal prices and optimism about the country's economic outlook. The rand struck 16 per dollar for the first time since June 2022, before slipping slightly to trade at 16.03 at 1200 GMT. The global gold price surged to an all-time high above $5 100 an ounce as central banks and investors sought refuge from geopolitical risks and market volatility. Gold and other precious metals like platinum, which also set a record high on Monday, are major South African exports. Their rally helped the rand gain about 14% against the dollar last year and more than 3% so far this year.
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