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State Companies News

TNPA appoints Seroka business development officer

By: Marleny Arnoldi     18th September 2018 Transnet National Ports Authority (TNPA) has appointed Linda Seroka business development officer, effective September 18. Seroka’s role will be to explore and unlock growth opportunities for TNPA and its clients in the fields of commercial and marketing, strategy, property and facilities... 

Calls mount for Eskom board to take the fall for coal shortages  

By: African News Agency      17th September 2018 The Energy Expert Coalition said on Monday that the Eskom board should take accountability after news surfaced that the power utility was facing yet another disastrous coal shortage. Eskom confirmed that there were currently eight power stations with less than 20 days of coal stockpiles, or nine... 

 Calls mount for Eskom board to take the fall for coal shortages

Kingon’s contract as Sars acting commissioner extended by 3 months

By: Marleny Arnoldi     17th September 2018 Finance Minister Nhlanhla Nene has extended Mark Kingon’s contract as acting commissioner of the South African Revenue Service (Sars) for a further 90 days, effective September 14. The power to appoint a permanent commissioner vests with the President.  

Stimulus package to rely on efficiencies not new budgetary resources – Nene

By: Terence Creamer     13th September 2018 Finance Minister Nhlanhla Nene announced on Thursday that government was “building a pipeline of investment opportunities and infrastructure projects” as part of redoubled efforts to address low levels of investment, which had been identified as the main inhibitor of growth in the... 

Stimulus package to rely on efficiencies not new budgetary resources – Nene
Finance Minister Nhlanhla Nene

State capture inquiry postponed 'until further notice'

By: News24Wire      11th September 2018 The judicial commission of inquiry into state capture has been postponed until further notice, it announced on Tuesday. The hearings were expected to resume on Wednesday with the testimony of former minister of public enterprises Barbara Hogan. The commission's chair, Deputy Chief Justice Raymond... 

Failure not an option at DCT berth deepening project, says TNPA

By: Shirley le Guern     11th September 2018 Transnet’s R7-billion megaproject to create deeper berths at the Durban Container Terminal (DCT) Pier 2’s North Quay will create some disruption and require close collaboration. However, given that this is the first project to be funded by the Brazil, Russia, India, China and South Africa's New... 

Failure not an option at DCT berth deepening project, says TNPA

Transnet Engineering appoints acting chief officer for advanced manufacturing

By: Simone Liedtke     11th September 2018 Transnet Engineering has appointed Thoba Majoka acting chief officer for advanced manufacturing, effective September 10. Majoka is currently the divisional executive for maintenance and services at Transnet Engineering, where he is responsible for the overall strategic direction of this... 

Coal-transition support should aid workers and communities, not Eskom – report

By: Terence Creamer     6th September 2018 A new report into South Africa’s coal sector argues that any subsidies set aside for the country’s “inevitable” transition away from coal in electricity production should be tailored to protect workers, their dependants and communities, rather than Eskom, or the coal sector as a whole. Published... 

Coal-transition support should aid workers and communities, not Eskom – report

Measures to support economic growth in the pipeline – Cabinet 

By: African News Agency      6th September 2018 A stimulus package to boost the South African economy will be announced "within a short period of time", Communications Minister Nomvula Mokonyane said on Thursday. Briefing the media on Wednesday's fortnightly cabinet meeting, Mokonyane said a host of measures would be taken in an attempt to... 

Measures to support economic growth in the pipeline – Cabinet
Communications minister Nomvula Mokonyane

Sars moves to suspend head of legal Refiloe Mokoena

By: News24Wire      6th September 2018 The South African Revenue Service (Sars) has served its head of legal Refiloe Mokoena with a notice of intention to suspend her from her position, News24 has learnt. News24 understands this is in relation with Mokoena's involvement in unlawful R420-million worth of VAT refunds claimed by Gupta... 

Sars moves to suspend head of legal Refiloe Mokoena

Transport committee says rail safety regulator should prioritise signalling challenges

By: African News Agency      5th September 2018 The Portfolio Committee on Transport has on Wednesday called on the Rail Safety Regulator (RSR) to prioritise signalling in its programmes. The call comes after more than 100 people were injured on Tuesday after a collision between two passenger Metrorail trains at the Eloff extension in Selby,... 

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

SABS gears up to restart partial testing in response to industry frustration

By: Terence Creamer     4th September 2018 The South African Bureau of Standards (SABS), which was placed under administration by Trade and Industry Minister Dr Rob Davies earlier this year, intends lifting its two-year moratorium on the partial testing of product conformance, also referred to as customer specific requirement testing. The... 

SABS gears up to restart partial testing in response to industry frustration
Photo by Creamer Media
SABS acting CEO Garth Strachan

Eight killed in blast at South African munitions depot

By: Reuters     3rd September 2018 At least eight people were killed in an explosion at a South African munitions depot in Somerset West, near Cape Town, but the cause of the incident was still unknown, a fire and rescue official said on Monday. The blast occurred at Rheinmetall Denel Munition (RDM) depot, a joint venture between... 

Gordhan: Fuel prices will rock SOEs 

By: News24Wire      3rd September 2018 Public Enterprises Minister Pravin Gordhan has told Parliament that most of the companies in his portfolio will be rocked by the latest fuel price hikes, with exposure to these hikes racking up millions in extra costs.  In a reply sent to Members of Parliament last week, Gordhan said an increase... 

 Gordhan: Fuel prices will rock SOEs
Public Enterprises Minister Pravin Gordhan

Public Protector to probe Metrorail in Western Cape

By: African News Agency      3rd September 2018 The Public Protector has agreed to investigate struggling Metrorail in the Western Cape, where the service has been hit with multiple problems that have seen the numbers of commuters drop by nearly half. Frequent delays and inadequate space on commuter trains have been made worse by the recent... 

CSIR Aeronautics attracting international clients as SA budgets fall

By: Rebecca Campbell     31st August 2018 The Council for Scientific and Industrial Research (CSIR) Aeronautics Systems Competency has created an innovation team to address both emerging opportunities and problems in the global aerospace environment. (“Innovation team” is a description, not a title.) This amounts to the creation of a new... 

CSIR Aeronautics attracting international clients as SA budgets fall

Poor governance, corruption led to a number of shortfalls at SA Express- MPs heard

By: African News Agency      29th August 2018 Lack of leadership capacity and poor governance due to lack of focus over the years has led to a number of procurement shortfalls and poor performance culture at the embattled regional airline South African Express, Parliament's portfolio committee on public enterprises heard on Wednesday.... 

SABS business stable following Ministerial intervention

By: Simone Liedtke     29th August 2018 After having been placed under administration by Trade and Industry Minister Dr Rob Davies in July, the South African Bureau of Standards (SABS) has been stabilised. The co-administrators – SABS COO Jodi Scholtz, SABS technical infrastructure chief director Dr Tshenge Demana and acting CEO Garth... 

Sars shortfall to blame for VAT hike – Treasury 

By: News24Wire      29th August 2018 Treasury would not have needed to increase value added tax by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (Sars), deputy director general at National Treasury Ismail Momoniat told the Nugent Commission of Inquiry on Wednesday.... 

Sars shortfall to blame for VAT hike – Treasury

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert   

By: Terence Creamer     29th August 2018 A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... 

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert
University of Cape Town Graduate School of Business’ Professor Anton Eberhard outlines a ‘pragmatic’ restructuring plan for Eskom. Camera Work: Nicholas Boyd. Editing: Christo Greyling. Recorded: 28.8.2018

Denel is getting itself back on an even keel, but needs further government guarantees

By: Rebecca Campbell     29th August 2018 State-owned defence industrial group Denel’s acting Group CEO Michael Kgobe assured the Parliamentary Portfolio Committee on Public Enterprises on Wednesday that the new Denel Board was carrying out comprehensive actions against corruption and dubious transactions, as well as to reinforce... 

Denel is getting itself back on an even keel, but needs further government guarantees

Eskom needs to be 'rightsized' – Mabuza

By: Kim Cloete     28th August 2018 Eskom chairperson Jabu Mabuza says the utility is up to 33% overstaffed at all levels and may need to be "rightsized" in time. “We don't know whether we will downsize but we are determined to rightsize. We will do that within the confines of the Labour Relations Act. We can’t tell people here how... 

Eskom to sue Trillian; warns some dismissed Eskom employees still have their tentacles in the utility

By: Kim Cloete     28th August 2018 Eskom CEO Phakamani Hadebe says Eskom will continue to tighten the screws on implicated former and current employees and suppliers who have drained the utility of its resources and plunged it into debt. He told Parliament on Tuesday that Eskom would also sue Gupta-linked Trillian later this year... 

Eskom gives up debt to equity conversion plan – Mabuza 

By: African News Agency      28th August 2018 Eskom has shelved plans to ask the Public Investment Corporation (PIC) to convert some of its debt to equity, Eskom chairperson Jabu Mabuza told MPs on Tuesday. "We are not asking anybody to convert debt," he told a joint meeting of the portfolio committees on energy and public enterprises 

 Eskom gives up debt to equity conversion plan – Mabuza
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Eskom to sue Trillian to recover R600-million

By: African News Agency      28th August 2018 Eskom will sue Trillian later this year to recover R600-million from the firm linked to the infamous Gupta family, the utility's CEO Phakamani Radebe told MPs on Tuesday. "In December we will be going to court to face up to Trillion to demand our R600-million," Radebe told a joint sitting of... 

 Eskom to sue Trillian to recover R600-million

Gupta revealed 'top secret' Denel matter – Mentor

By: African News Agency      28th August 2018 Ajay Gupta revealed top secret information regarding state-owned arms manufacturer Denel during a meeting at the family's Saxonwold compound, former African National Congress (ANC) parliamentarian Vytjie Mentor testified at the state capture commission of inquiry on Tuesday. This was a meeting... 

Mcebisi Jonas to take stand in State capture inquiry

By: News24Wire      24th August 2018 Former deputy finance minister Mcebisi Jonas is expected to address the commission of inquiry into State capture on Friday. Jonas claimed that the Gupta family offered him an initial R600 000 cash, and then R600-million to be given later, if he accepted the job of finance minister. He was... 

Mcebisi Jonas to take stand in State capture inquiry
Photo by Reuters
Former Finance Minister Mcebisi Jonas

Transnet results eclipsed by irregular expenditure, qualified audit 

23rd August 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Transnet’s latest financial results, which revealed an increase in its irregular expenditure to more than R8-billion, as well as the serious divisions between the Transnet board and the group's executives. 

Transnet results eclipsed by irregular expenditure, qualified audit
Transnet results eclipsed by irregular expenditure, qualified audit

Eskom begins stakeholder interactions on ‘Strategy 2035’  

By: Terence Creamer     23rd August 2018 South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... 

Eskom begins stakeholder interactions on ‘Strategy 2035’

Eskom execs grilled on tender processes

By: News24Wire      22nd August 2018 Members of Parliament wasted no time in trying to get to the bottom of questionable contracts at Eskom on Wednesday, however executives at the power utility seemed less prepared - fumbling answers and even requesting time to regroup. The Standing on Public Accounts (Scopa) was being briefed by... 

Eskom execs grilled on tender processes

Nene unpacks SOE failures, remedial measures 

By: Marleny Arnoldi     22nd August 2018 Finance Minister Nhlanhla Nene on Tuesday addressed governance challenges in State-owned enterprises (SOEs) during a National Council of Provinces gathering, stating that rebuilding should focus on the institutions, rather than individuals. “Given the dire situation in which some of these SOEs... 

Nene unpacks SOE failures, remedial measures
Photo by Creamer Media
Finance Minister Nhlanhla Nene

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

Study initiated to assess conversion of Kelvin power station from coal to gas
The Kelvin power station

Treasury slams excess cash on NSFAS books

By: News24Wire      21st August 2018 The National Student Financial Aid Scheme (NSFAS) had R153.8-million more cash left than projected at the end of the 2017/18 financial year, it has emerged. Speaking to Parliament's Standing Committee on Appropriations on Tuesday, Treasury’s deputy director general Dr Mampho Modise explained that... 

 Treasury slams excess cash on NSFAS books

Sanral bears brunt of lack of government clarity on e-tolls 

By: News24Wire      21st August 2018 The South African National Roads Agency (Sanral) has collected R5.6-billion less in e-toll fees than budgeted mostly because there is no clarity from government about the future of the system, Parliament has heard. Briefing the Standing Committee on Appropriations on Tuesday, Treasury’s deputy... 

 Sanral bears brunt of lack of government clarity on e-tolls

Fear rules Sars, Nugent inquiry hears

By: News24Wire      21st August 2018 A climate of fear has engulfed the South African Revenue Service (Sars) to the point that some staff members are afraid to come forward to give evidence to the Nugent Commission, which is probing tax administration and governance issues at the revenue service. This revelation came out at the... 

 Fear rules Sars, Nugent inquiry hears

Transnet results eclipsed by irregular expenditure, qualified audit and State capture

By: Terence Creamer     20th August 2018 A surge in irregular expenditure to over R8-billion triggered a qualification of Transnet’s 2018 financial results, all but eclipsing an otherwise strong financial and operational performance by the State-owned group. The irregular expenditure related primarily to procurement undertaken by... 

Transnet results eclipsed by irregular expenditure, qualified audit and State capture

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