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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

Port of Richards Bay moves to diversify beyond bulk exports while bolstering climate resilience

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The Port of Richards Bay, in KwaZulu-Natal, is progressing with planning for infrastructure and terminal investments aimed at consolidating its position as a bulk export hub for key minerals such as coal and chrome, while also diversifying its activities to include more containers, as well as the importation and storage of liquefied natural gas (LNG) and liquid fuels. The developments are included in a masterplan and the Transnet National Ports Authority (TNPA) estimates that investments of more than R30-billion will be required over the coming ten years to open up new berths, as well as to facilitate the relocation of the South African Navy from the Port of Durban to the Port of Richards Bay.

World Bank Group leadership highlights progress, reaffirms support for South Africa, Namibia

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A delegation of the World Bank Group’s (WBG’s) board of executive directors (EDs) has noted South Africa’s and Namibia’s progress in achieving their development goals and has reaffirmed the bank’s commitment to providing support to the two countries. The 11 EDs and alternate EDs were hosted by the World Bank and International Finance Corporation (IFC) country offices during their recent visit on July 7 to 13.

TFR boasts slight improvement but admits much work still to be done

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Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the woods yet”, TFR north corridor acting managing executive Theo Johnson has said. “‘Slight improvement’ is a term that I would accept. We're working on a lot of initiatives [in] the North Corridor, because that's the biggest corridor in TFR, particularly for the export coal line . . . but we are not out of the woods. We have a long way to go,” he said at the 2024 Coal & Energy Transition Day, in Johannesburg, on July 24.

Rand Water prepares for final phase of maintenance

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Rand Water is set to embark on the final phase of its extensive five-week maintenance project across Gauteng, with the water utility warning that it may take up to two weeks to fully recover after the completion of the maintenance work. The project, which started on June 22 and is expected to wrap up by the end of July, has been disruptive for many, with taps in several areas across Gauteng running dry for several days, as the systems worked to recover following the conclusion of a 50-hour maintenance project on the Zuikerbosch water treatment plant on July 17.

Vodacom delivers first quarter revenue growth, with Egypt its star performer

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JSE-listed Vodacom on Wednesday reported that its group revenue expanded 1.5% to R36.2-billion, impacted by foreign exchange rate headwinds, but boosted by its operations in Egypt, during the three months ended June 30. Group service revenue increased 10% on a normalised basis, as Vodacom’s revenue diversification strategy – by product and geography – starts bearing fruit in a challenging economic environment in recent years.
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