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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

Bidvest posts higher revenue, all divisions deliver trading profit growth

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JSE-listed services and trading group Bidvest has reported a 2.9% year-on-year increase in revenue to R130.3-billion for the financial year ended June, while trading profit increased by 8.4% year-on-year to R13.1-billion, with every division delivering trading profit growth. Headline earnings per share (HEPS) grew by 6% to R18.64. Group basic EPS increased by 1.3%, to R18.08 a share.

Altron unpacks trading, operational performance

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JSE-listed Altron on Monday published a voluntary trading and operational performance covering the five months to July 31, revealing performance that has been broadly in line with management expectations. The group’s Platforms segment, Altron’s growth engine, delivered high-single-digit revenue growth, while its IT Services segment delivered modest revenue growth, a notable improvement on the prior comparative period when revenue declined, resulting in overall growth in revenue from continuing operations in the low-single digits.

Cape Town signs two agreements to buy power at below Eskom rates

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The City of Cape Town (CoCT) has signed two purchase agreements for a combined 70 MW of power, with more to follow in the coming months under a competitive tendering process for delivery of up to 200 MW of power. The 20-year power purchase agreements (PPAs) are with solar plants that will be connected to the city’s grid in Atlantis (30 MW from Jempec), and Philippi (40 MW from Make A Difference).

Ramaphosa assures competitive overhaul will curb skyrocketing electricity costs

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President Cyril Ramaphosa on Monday vowed to tackle the country's soaring electricity tariffs, acknowledging that the rising cost of power is inflicting severe financial hardship on families and crippling business competitiveness. Writing in his weekly newsletter to the nation, the President declared that South Africa must move away from its century-old reliance on a single utility provider if it hopes to secure an affordable, reliable and sustainable energy future. Over the past two decades, South African electricity prices have surged dramatically and Ramaphosa highlighted that these high costs force ordinary citizens to make “impossible choices” while trying to balance food, transport and basic necessities. He said for the business sector, the consequences are equally damaging, with manufacturing goods and providing services becoming increasingly expensive.
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