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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

South Africa revamps black-empowerment fund proposal, BD says

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South Africa’s government will offer companies new incentives in an initiative to capitalise a fund that will be used to promote Black economic empowerment, Business Day reported, citing a Ministry of Trade, Industry and Competition document. Under the proposal, companies that contribute 3% of their net income to a so-called Transformation Fund will earn double the points currently available for a scorecard that measures businesses’ support for greater economic inclusion, the Johannesburg-based newspaper said. The increased number of points will improve companies’ access to government and corporate procurement.

BII, Alexforbes make R1bn investment in Revego Africa Energy Fund

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UK development finance institution British International Investment (BII) and financial services firm Alexforbes have each made a R500-million investment into renewable assets investment management firm Revego Africa Energy Fund. The funding will allow Revego to expand its portfolio of ten renewable-energy projects across South Africa and invest in new, high-quality renewable-energy assets that support South Africa’s energy transition.

Former Emira CEO Geoff Jennett joins Heartwood Properties board

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Geoff Jennett has been appointed nonexecutive director of Heartwood Properties, a commercial property development and investment company listed on the Cape Town Stock Exchange and soon to be listed on the A2X as well. Jennett is the former CEO of JSE-listed real estate investment trust (Reit) Emira.

M&A activity to continue, with technology disruption a strong influence – Bain & Co

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Global mergers and acquisitions (M&A) activity is set to maintain momentum this year, with 80% of M&A executives expecting to sustain or increase deal activity, management consulting firm Bain & Company (Bain & Co) reports. The firm points out that M&A deal value had increased by 40% year-on-year to $4.9-trillion in 2025 – the second-highest deal value on record.
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