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Control of SAA transferred back to public enterprises – Treasury

2nd August 2018 Control of South African Airways (SAA) administration has been transferred back to the public enterprises minister from the finance minister, Treasury said on Wednesday. In a statement, Treasury said a proclamation signed by President Cyril Ramaphosa giving effect to the transfer was gazetted on... 

Risk of rotational load shedding high on Wednesday – Eskom

1st August 2018 South Africa's power utility, Eskom, on Wednesday, said that the risk of Stage 1 rotational load shedding remained high but will only be implemented if "absolutely necessary". Eskom said it did not implement load shedding on Wednesday morning, adding that the electricity system remained... 

Nene extends deadline for VAT panel to submit report to him

1st August 2018 Finance Minister Nhlanhla Nene has extended the deadline for a panel of experts appointed to review the current list of items exempt from value-added tax (VAT) to submit its final report to him, the National Treasury said on Tuesday. "The Chair of the Independent Panel of Experts for the review... 

Eskom faces risk of loadshedding as coal delivery disruption hits power stations

30th July 2018 Eskom has reported that coal delivery at some of its power stations was disrupted due to a workers' protest in the early hours of Monday morning, leaving the South African power utility at risk of yet more load-shedding.  Eskom spokesperson Khulu Phasiwe tweeted that coal trucking at Majuba and... 

Thales seeks permanent stay of prosecution in Zuma graft case

27th July 2018 The legal team for Thales South Africa, indicted alongside former President Jacob Zuma for fraud and corruption related to the decades old multimillion-rand arms deal, will seek to have a permanent stay of prosecution. The French arms company also believes attempts by the National Director of... 

Uganda signs agreement to protect small-scale renewable energy projects

27th July 2018 Uganda on Friday became the first African country to de-risk small and medium scale renewables in a bid to ensure the viability of these renewable energy projects. This, as Uganda signed an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade... 

Google SA works with Johannesburg libraries to give youth digital skills

27th July 2018 The city of Johannesburg's library department has collaborated with Google SA to provide free online-training in digital and entrepreneurial skills programmes in 12 of its eLearning classrooms, the mayor's office said on Friday. Johannesburg has a population of around 4.9-million people and... 

China loans to Africa energy, infrastructure projects almost trebled between 2016 and 2017

26th July 2018 The value of Chinese loans to energy and infrastructure projects in Africa almost trebled between 2016 and 2017 to nearly $9-billion and the impact of this lending is increasingly visible in Africa, law firm Baker McKenzie said at the sidelines of a Brics summit. Baker McKenzie, participating at... 

Business Leadership urges SA private sector to match foreign investment

26th July 2018 Business Leadership South Africa (BLSA) on Thursday urged the local private sector to help build on the BRICS Summit by matching and taking advantage of the investment opportunities presented by the summit and associated business forums.  This follows an announcement of US $14,7 billion worth of... 

Nene announces independent inquiry into PIC's affairs

25th July 2018 Finance Minister Nhlanhla Nene met with the board of the Public Investment Corporation (PIC) on Wednesday and informed them of an independent inquiry into the affairs of the institution which manages pension funds on behalf of South African government employees, a statement from Treasury said.... 

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