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Swifambo loses SCA bid to retain R3.5bn 'tall trains' PRASA tender

30th November 2018 Controversial locomotive supplier Swifambo Rail Leasing has lost a Supreme Court of Appeal challenge to a High Court order that stripped it of a R3.5-billion tender with the Passenger Rail Agency of South Africa (PRASA). Last year, Judge J Francis in the South Gauteng High Court in Johannesburg... 

Cape Town households shoulder a bigger share of water restrictions so economy and business can recover

30th November 2018 Cape Town households will shoulder a bigger share of the new water restrictions to make more water available for the region’s economic drivers of agriculture, industry and tourism. This reflects a major shift in the way the region’s water is allocated, with agriculture getting a bigger share than... 

Govt should urgently plan for massive cyclone storm damage in SA - Wits researcher

29th November 2018 The South African government should begin to urgently plan to deal with the impact of Category 5 storms resulting from an increase in the severity of cyclone activity in the Indian Ocean. According to Wits University researcher Dr Jennifer Fitchett, these storms are related to the increase in... 

Rand likely to remain volatile, says deputy SARB governor

29th November 2018 Exchange rate forecasts for the rand remain widely dispersed, deputy governor of the SA Reserve Bank (SARB) Daniel Mminele said on Wednesday. It is likely that the rand, along with other emerging market (EM) currencies, will remain volatile, he said at the Bloomberg FX'18 event in Johannesburg. 

'Debt-driven' Eskom not ruling out load shedding for remainder of year

28th November 2018 Weak financial ratios, reduced generation performance and low coal stock levels have again raised the spectre of load shedding for power utility Eskom. Announcing the interim financial results for the six months ended September 30, CEO Phakamani Hadebe warned that although liquidity had improved,... 

Include 'important' nuclear in SA's electricity mix, says Parly committee

28th November 2018 The energy portfolio committee has come out in strong support of including nuclear power in South Africa's future electricity mix. This is in stark contrast to the latest government plan for South Africa's future electricity mix – the draft Integrated Resource Plan (IRP) 2018 – which contains no... 

AA predicts massive drop in petrol price in December

28th November 2018 Motorists can expect a R1.85 reduction per litre in the price of petrol, with diesel coming down by an estimated R1.40, and illuminating paraffin dropping by R1.28, the Automobile Association (AA) predicted on Wednesday. The association was commenting on unaudited month-end fuel price data... 

Department of Energy to review how it costs basic fuel price

28th November 2018 The department of energy has invited public comments on how it calculates the underlying prices of fuel, diesel and illuminating paraffin, known as the Basic Fuel Price (BFP). This is the price of fuel before taxes, transport, and other costs are added.  

Parly committee adopts Eskom inquiry report, recommends top executives testify before Zondo

28th November 2018 Parliament’s portfolio committee on public enterprises has adopted its final report into allegations of State capture at Eskom and Transnet, which recommends that some of power utility's former board chairs and top executives be requested to appear before the ongoing judicial commission of... 

SIU moves to recover R2.2bn in failed Giyani water project

28th November 2018 The Special Investigating Unit (SIU) is seeking to recover R2.2-billion from the tender appointment of LTE Consulting Engineers by state-owned water utility Lepelle Northern Water (LNW) for a failed water project in Giyani, Limpopo. The SIU has instituted a civil claim in the High Court in... 

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