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State Companies News

Gordhan’s IPP renegotiation proposal triggers ‘breach of contract’ warnings 

By: Terence Creamer     Updated 7 hours ago A report indicating that the South African government may seek to renegotiate power purchase agreements (PPAs) concluded with independent power producers (IPPs) in 2011 and 2012 is raising alarm bells within the industry, which is still recovering from a protracted period of uncertainty created... 

Eskom’s operational and financial crisis 

15th February 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the operational and financial crisis facing Eskom, the immediate priorities for overcoming the crisis and what impact the proposed unbundling of Eskom is likely to have on the utility in the short term. 

Eskom’s operational and financial crisis
Eskom’s operational and financial crisis. Camerawork and Editing: Creamer Media's Nicholas Boyd.

Load-shedding 'not likely' on Friday – Eskom

By: African News Agency      15th February 2019 Eskom was not likely to implement load shedding on Friday, the power utility said. "Due to further improvement in generation performance and the notable strides made in replenishing water and diesel reserves, Eskom is not likely to implement load shedding on Friday. We thank South Africans and... 

Load-shedding 'not likely' on Friday – Eskom

Cesa optimistic after president’s address

By: Halima Frost     15th February 2019 The 2019 presidential address of industry body Consulting Engineers South Africa (Cesa) president Neresh Pather, which he delivered with cautious optimism, calling for a transparent drive for the betterment of the sector, sent out a strong message about the future of the civil engineering and... 

Cesa optimistic after president’s address
NERESH PATHER Procurement policies need to be formulated to embrace the long-term needs of projects

Ramaphosa sets up cabinet committee to manage Eskom daily

By: African News Agency      14th February 2019 President Cyril Ramaphosa said a special cabinet task team has been established to deal with the Eskom crisis and provide him with reports daily on the State of the power grid and "what actions need to be taken to ensure energy supply". Responding to the debate on the State of the nation address,... 

Ramaphosa sets up cabinet committee to manage Eskom daily
President Cyril Ramaphosa

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling 

By: Terence Creamer     14th February 2019 President Cyril Ramaphosa acknowledged on Thursday that there had been insufficient consultation with labour on government’s plan to unbundle Eskom into three separate companies, but he also stressed that the proposed restructuring would not result in privatisation. In his response to the debate... 

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling
President Cyril Ramaphosa

Ramaphosa rules out any privatisation of Eskom

By: African News Agency      14th February 2019 President Cyril Ramaphosa on Thursday emphatically ruled out privatising any part of Eskom as government moves to split the struggling power utility into three separate entities. In reply to the parliamentary debate on his state of the nation address, Ramaphosa urged critics of the plan to... 

Ramaphosa rules out any privatisation of Eskom
President Cyril Ramaphosa

NUM seethes over lack of consultation on Eskom unbundling 

By: Terence Creamer     14th February 2019 The National Union of Mineworkers (NUM) has expressed deep unhappiness with the decision of President Cyril Ramaphosa to announce the unbundling of Eskom in the absence of any prior consultation with the union, which is a formal ally of the governing African National Congress (ANC). The union,... 

NUM seethes over lack of consultation on Eskom unbundling
NUM president Joseph Montisetse (left) listens while his general-secretary David Sipunzi speaks during a media conference

SA infrastructure think tank slams Eskom's hiring of foreign engineers

By: African News Agency      14th February 2019 The Infrastructure Research Development Centre (IRDC) said on Thursday it opposed the government's decision to bring in external engineers to investigate the crisis at State utility Eskom's power stations. Public enterprises minister Pravin Gordhan on Wednesday told Parliament that a panel of... 

SA infrastructure think tank slams Eskom's hiring of foreign engineers

Mboweni to trim deficit forecast on growth hopes

By: Reuters     14th February 2019 South Africa's Treasury head Tito Mboweni is likely to appease rating agencies and squeeze a tenth of a percentage point off his previous budget deficit forecast for next financial year, a Reuters poll showed on Thursday. The poll taken in the past week suggests Mboweni will announce a deficit... 

Mboweni to trim deficit forecast on growth hopes
Photo by Reuters
Finance Minister Tito Mboweni

Shifting R100bn in Eskom debt to government will have ‘dire’ economic consequences 

By: Terence Creamer     13th February 2019 Amid confirmation that Eskom is technically insolvent and will require a capital injection by April to remain a going concern, a leading economist is cautioning against the proposed transfer of R100-billion of the utility’s debt to government’s balance sheet. Instead, Standard Bank chief... 

Shifting R100bn in Eskom debt to government will have ‘dire’ economic consequences
Photo by Creamer Media
Standard Bank chief economist Goolam Ballim

Load shedding: This is an emergency – Gordhan 

By: News24Wire      13th February 2019 No one could have anticipated the return of load shedding four days ago, Public Enterprises Minister Pravin Gordhan has said, referring to the present state of Eskom as an "emergency". The minister was briefing the portfolio committee on public enterprises on Wednesday about the crisis at Eskom. 

 Load shedding: This is an emergency – Gordhan
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

Eskom 'technically insolvent', won't last beyond April 2019 – committee hears

By: News24Wire      13th February 2019 Eskom is "technically insolvent" and will cease to exist at the current trajectory by April 2019, the portfolio committee on public enterprises heard. The department of public enterprises (DPE) briefed members of the portfolio committee on public enterprises on Wednesday, where the issues at... 

Eskom 'technically insolvent', won't last beyond April 2019 – committee hears

Eskom and the multi-billion rand mega projects that could have saved SA 

By: News24Wire      13th February 2019 Corruption and State capture are major reasons why coal plants Medupi and Kusile are not delivering electricity as planned and why South Africa is facing crippling blackouts, say energy experts. Kusile and Medupi, the third and fourth largest coal power plants in the world, were originally due to... 

 Eskom and the multi-billion rand mega projects that could have saved SA

Eskom to implement Stage 3 load shedding

By: African News Agency      13th February 2019 Eskom will implement Stage 3 load shedding on Wednesday from 8am to 11pm as a result of a shortage of capacity, the power utility said. The shortage was a result of a number of generating units that are out of service due to breakdowns, it said. 

Eskom to implement Stage 3 load shedding

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan  

By: Terence Creamer     12th February 2019 The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA), in which he announced that the utility would be split, under Eskom Holdings, into three... 

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan

Outa calls for bold decisions to end load shedding

By: African News Agency      12th February 2019 The Organisation Undoing Tax Abuse (Outa) on Tuesday called on government to make bold interventions to minimise load shedding by the State-owned power utility. This as Eskom on Monday unexpectedly began cutting off power supply with stage 4 load shedding after six power generating units tripped.... 

Outa calls for bold decisions to end load shedding

Opinion: Are there really more jobs in coal than in renewables? 

By: Tobias Bischof-Niemz     12th February 2019 There is considerable support in South Africa for the notion that a transition in the electricity system from coal to renewable energy will trigger a jobs bloodbath at both Eskom and the Mpumalanga coal mines. A detailed analysis of the job numbers, however, suggests quite the opposite. In fact,... 

Opinion: Are there really more jobs in coal than in renewables?
Dr Tobias Bischof-Niemz

Eskom to take 3 000 MW off the grid in rotational powercuts

By: African News Agency      12th February 2019 State power company Eskom said it would implement rolling blackouts for a third straight day on Tuesday, taking 3 000 MW off the load at any given time to ease pressure on the national grid. It said generating units that had broken down unexpectedly had returned to service, but emergency reserves... 

Eskom to take 3 000 MW off the grid in rotational powercuts

Ramaphosa says Eskom power cuts 'most worrying'

By: Reuters     12th February 2019 South Africa's president Cyril Ramaphosa said on Monday the prospect of more power cuts by utility Eskom were "most worrying". The cash-strapped company warned of wider controlled power cuts on Monday after six additional generating units unexpectedly went offline. 

Ramaphosa says Eskom power cuts 'most worrying'
President Cyril Ramaphosa

New statistics point to renewables playing a role in load-shedding mitigation  

By: Terence Creamer     11th February 2019 Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the country’s wind and solar plants during those hours towards the end of 2018 when Eskom resorted to load-shedding. Compiled by the Council for... 

New statistics point to renewables playing a role in load-shedding mitigation
CSIR Energy Centre principal engineer Jarrad Wright

Gordhan meeting Eskom executives over power crisis 

By: Reuters     11th February 2019 Public Enterprises Minister Pravin Gordhan is meeting executives from state power firm Eskom on Monday to find solutions to the country's electricity crisis, Eskom spokesperson Khulu Phasiwe told Reuters. Eskom said on Monday it would cut 4 000 MW from the national grid from 13:00 after six... 

Gordhan meeting Eskom executives over power crisis
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

President initiates remedial action on Mogajane appointment

By: News24Wire      11th February 2019 The Presidency has informed the Office of the Public Protector that President Cyril Ramaphosa has initiated remedial action in line with the report of the Public Protector on the appointment of National Treasury Director General Dondo Mogajane.   On 18 December 2018, the Public Protector issued a... 

 President initiates remedial action on Mogajane appointment
National Treasury Director General Dondo Mogajane

Eskom says risk of rotational power cuts high for Monday

By: African News Agency      11th February 2019 State power utility Eskom said the risk for staggered powercuts was high for Monday after implementing the first loadshedding since early December on Sunday. "The probability of rotational loadshedding remains high tomorrow as a result of a shortage of capacity due to a number of generating units... 

Eskom says risk of rotational power cuts high for Monday

Ramaphosa confirms Eskom restructuring 

8th February 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about President Cyril Ramaphosa’s confirmation that power utility Eskom will be split into three independent entities, what this will mean for the utility and its customers, and if it will be enough to put Eskom on... 

Ramaphosa confirms Eskom restructuring
Ramaphosa confirms Eskom restructuring

Denel urges govt to use, support its new cybersecurity unit

By: Rebecca Campbell     8th February 2019 State-owned defence industrial group Denel has urged the Government to support the development of and make use of the capabilities of the group’s recently established division, Denel Sovereign Security Solutions (Denel S3). The aim is to ensure that cyber security for Government information and... 

Ramaphosa promises ‘meaningful consultation’ as he confirms split of Eskom into three units 

By: Terence Creamer     7th February 2019 President Cyril Ramaphosa confirmed on Thursday that South Africa’s embattled State-owned electricity producer would be split, under Eskom Holdings, into three separate entities – generation, transmission and distribution – in an effort to bring credibility to the turnaround of the utility and to... 

Ramaphosa promises ‘meaningful consultation’ as he confirms split of Eskom into three units
Photo by Reuters
President Cyril Ramaphosa

ASJV denies it terminated Mtentu project owing to alleged ‘financial inability’

By: Simone Liedtke     7th February 2019 Aveng and Strabag International on Thursday reasserted that the Aveng-Strabag Joint Venture (ASJV) had terminated the Mtentu river bridge contract as a result of force majeure, adding in a statement that the termination “had nothing to do with either of the ASJV members’ financial ability to... 

Steel group to approach Nersa for power-tariff relief  

By: Terence Creamer     7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... 

Steel group to approach Nersa for power-tariff relief
AMSA CEO Kobus Verster on the threat posed by power hikes and on the group's plan to approach the regulator for relief. Camera Work & Editing: Darlene Creamer. Recorded: 7.2.2019

Mboweni appoints panel to assist in appointment of Sars commissioner  

By: Nadine James     7th February 2019 Finance Minister Tito Mboweni has appointed a panel to interview and recommend a shortlist of potential candidates for the position of the Commissioner of the South African Revenue Service (Sars). The President appoints the Sars Commissioner, but the Finance Minister is responsible for overseeing... 

Tribunal confirms Alcon Marepha’s settlement and R1.37m fine

By: Marleny Arnoldi     7th February 2019 The Competition Tribunal on Wednesday confirmed, as an order, a settlement agreement between power cable supplier Alcon Marepha and the Competition Commission, with Alcon to pay an administrative penalty of R1.37-million. Alcon admitted to collusive tendering through the submission of cover... 

South Africa to unveil Eskom support package in coming days – Ramaphosa

By: Reuters     5th February 2019 South Africa will in the coming days unveil a package of measures to shore up State-owned Eskom's finances and address structural issues facing the struggling power firm, President Cyril Ramaphosa said on Tuesday. "In the coming few days we will be announcing a package of measures to stabilise as... 

Nersa to make Eskom tariff decision before March 15  

By: Terence Creamer     5th February 2019 The National Energy Regulator of South Africa (Nersa) says it will make a ruling on Eskom’s heavily contested revenue application before March 15, but has not committed to a firm date for the release of the determination. Full-time regulatory member Nomfundo Maseti, who chaired the marathon... 

Nersa to make Eskom tariff decision before March 15
Photo by Dylan Slater
Eskom CFO Calib Cassim pictured during the marathon Gauteng leg of nationwide public hearings, which started in Cape Town on January 14

Eskom’s own survival at risk should big hikes be permitted, EIUG warns  

By: Terence Creamer     5th February 2019 The Energy Intensive User Group (EIUG) has added its voice to the overwhelming chorus of societal opposition to Eskom’s latest tariff submission, warning on Tuesday that above-inflation hikes would have “immediate, catastrophic and irreversible” consequences for South Africa’s mining and... 

Eskom’s own survival at risk should big hikes be permitted, EIUG warns
Photo by Dylan Slater
Nersa panel members listen to submissions during the marathon Gauteng leg of the regulator's nationwide public hearings process

Expect some tough announcements on Eskom soon – Davies 

By: News24Wire      5th February 2019 Eskom is in deep trouble financially and operationally and South Africa is facing enormous challenges in the electricity industry, Minister of Trade and Industry Rob Davies said on Tuesday. Davies was a guest speaker at a round table discussion hosted by the Department of Trade and Industry on... 

Expect some tough announcements on Eskom soon – Davies
Photo by Creamer Media
Trade and Industry Minister Rob Davies

PIC directors will remain until a new board is appointed

By: Marleny Arnoldi     5th February 2019 Public Investment Corporation (PIC) corporate affairs head Dean Botha on Tuesday confirmed that the organisation’s board of directors remains in place. This follows after the nonexecutive members of the PIC board on February 1 requested Finance Minister Tito Mboweni release them as directors.  

Unbundle Eskom to make it sustainable – CEO  

By: News24Wire      4th February 2019 Decisions that need to be taken at Eskom might end up being painful, but they have to be taken, the power utility’s CEO, Phakamani Hadebe told delegates at Mining Indaba 2019 on Monday. Of his appointment as Eskom CEO, he told delegates that nothing prepares one to deal with an institution where... 

 Unbundle Eskom to make it sustainable – CEO
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe
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