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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

Tackling South Africa’s big transmission challenge also holds big opportunities

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South Africa’s transmission grid constraints are widely recognised, with a host of challenges and considerations that if properly leveraged also offer considerable opportunities. This was highlighted by speakers during a recent Creamer Media webinar, ‘Investing in South Africa’s Electricity Transmission Grid’, the second of a two-part Energy Outlook series featuring a practical discussion on the country’s electricity transmission infrastructure.

Independent transmission company ‘one of most important reforms in country’s history’

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President Cyril Ramaphosa has described the move to establish a fully independent State-owned transmission company as “one of the most important reforms in our country’s history”, while confirming the composition of the dedicated task team he has established to clarify the implementation and timing of its establishment. In his response to the debate on his State of the Nation Address (SoNA), the President also emphasised the complexity of the initiative, which he said required detailed technical work and strong coordination across different entities.

Competition Commission refers two autoglass companies to Tribunal

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The Competition Commission has referred a complaint against two companies operating in the automotive glass sector to the Competition Tribunal for prosecution. The commission seeks an order from the tribunal declaring that the two companies have contravened a section of the Competition Act and are liable for the payment of an administrative penalty equal to 10% of their respective turnover.

IMF proffers suggestions for South Africa’s economy

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To keep South Africa’s economy stable and resilient, it is important to follow prudent fiscal policies that reduce public debt without impeding growth. This is according to mission chief Delia Velculescu, who was interviewed by the organisation’s Country Focus, following the release of the IMF’s recent Article IV economic report.

Urgent implementation of PPP investment model needed to halt multiyear slump – Seifsa

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The multiyear slide in South Africa’s metals and engineering sector, which makes up about 25% of South Africa’s manufacturing sector and 5% of GDP, continued last year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has confirmed. In its ‘State of the Metals and Engineering Sector 2026’ report, Seifsa shows that production fell by 1.6%, having declined at a compound annual growth rate of 1.7% since 2008. In addition, employment fell by 0.43% to about 360 000 employees from over 575 000 in 2008.
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