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State Companies News

Gordhan gets tough on government procurement 

By: News24Wire      4th May 2016 The way the government buys its goods and services is getting a shake-up aimed at saving billions, Finance Minister Pravin Gordhan said on Wednesday. This includes saving a targeted R1.4-billion by reviewing the government's top 100 contracts, saving a possible R1.8-billion by having a closer... 

Eskom claims ‘steady’ recovery in energy availability factor 

By: Terence Creamer     4th May 2016 State-owned electricity utility Eskom this week claimed that there had been a steady improvement in the energy availability factor (EAF) at its power stations, reporting “preliminary figures” indicating an EAF of 76.37% from the start of its financial year to May 3, 2016. The group’s financial... 

Eskom claims ‘steady’ recovery in energy availability factor

Partnership aims to use Joburg offices as a catalyst for redevelopment

By: Dylan Slater     29th April 2016 State-owned company the Johannesburg Property Company (JPC) is partnering with the South African Property Owners Association (Sapoa) in a municipal property development project valued at R12-billion, which aims to enhance the use of municipal-owned land within the City of Johannesburg’s (CoJ’s)... 

Partnership aims to use Joburg offices as a catalyst for redevelopment
PARTNERSHIP DEAL Helen Botes and Neil Gopal shake hands at the announcement of the property development programme

‘Clinics-on-wheels’ on track for 12m-patient milestone this year 

By: Creamer Media Reporter      28th April 2016 Transnet’s Phelophepa I and II healthcare trains are on track to reach their 12-millionth patient by the end of September, Transnet chairperson Linda Mabaso reports. To date, the ‘clinics-on-wheels’ have reached a combined 11.7-million patients since inception in 1994. The Phelophepa healthcare... 

‘Clinics-on-wheels’ on track for 12m-patient milestone this year

Post Office nears raising R2.7bn in capital 

By: News24Wire      28th April 2016 The embattled South African Post Office (Sapo) is near to raising R2.7-billion in capital from the likes of banks, says chief executive officer Mark Barnes. Sapo has suffered years of maladministration with the state-owned entity recording a R1.5-billion loss in 2015. A months-long 2014 strike... 

Post Office nears raising R2.7bn in capital

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites 

By: Terence Creamer     28th April 2016 State-owned freight logistics group Transnet is taking aim at new sectors, such as fast-moving consumer goods (FMCG) and manufacturing, as it seeks to sustain volumes amid the prevailing commodity “meltdown”. Speaking publically for the first since his appointment as permanent Transnet CEO,... 

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites
Photo by Duane Daws
Transnet CEO Siyabonga Gama

Rail sector moves to deal with ‘mismatch’ between localisation promises and delivery 

By: Terence Creamer     28th April 2016 The railways sector and government have agreed to the creation of a framework to improve the monitoring and implementation of localisation commitments associated with multibillion-rand investments being undertaken by both Transnet and the Passenger Rail Agency of South Africa (PRASA). Discussions... 

Rail sector moves to deal with ‘mismatch’ between localisation promises and delivery

Lynne Brown: SOEs must stay in government hands 

By: News24Wire      26th April 2016 Government needs to retain its ownership of state-owned companies to ensure economic growth and create employment for generations to come, said Public Enterprises Minister Lynne Brown. In her budget speech for the 2016-17 financial year, Brown emphasised that South Africa’s parastatals, worth... 

Lynne Brown: SOEs must stay in government hands
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Commission study shows only 47% alignment between Budget and NDP 

By: Terence Creamer     22nd April 2016 A preliminary analysis conducted by South Africa’s second National Planning Commission (NPC) of the current alignment between the country’s Budget and the National Development Plan (NDP) shows there to be only a 47% correlation. Nevertheless, Minister in the Presidency Jeff Radebe, who is NPC... 

Commission study shows only 47% alignment between Budget and NDP
NPC deputy chairperson professor Malegapuru Makgoba on the need to align the Budget withthe NDP goals. Camera Work & Editing: Nicholas Boyd. Recorded: 22.4.2016

Govt officials to receive SEZ training in China

By: Creamer Media Reporter      21st April 2016 A group of 20 government employees – comprising Department of Trade & Industry (DTI) officials involved in the planning, development, management and operations of special economic zones (SEZs) in South Africa – will depart for Tianjin, China on Friday to participate in a month-long... 

Govt officials to receive SEZ training in China
Trade and industry Minister Dr Rob Davies

Public Works asset register complete

By: African News Agency      21st April 2016 The long awaited immovable asset register of the Department of Public Works (DPW) was complete and showed government had in excess of R75-billion worth of land parcels and buildings, a media briefing in Parliament heard on Wednesday. Briefing journalists on the department’s budget vote, Minister... 

Public Works asset register complete
Photo by Duane Daws
Public Works Minister Thulas Nxesi

Eskom challenges ‘unfair’ State capture claims 

By: Terence Creamer     19th April 2016 State-owned electricity utility Eskom has moved to challenge ongoing media reports suggesting that the company has been “captured by politically connected families and individuals” and has also called on its former chairperson to approach the law enforcement agencies if he has any information... 

Eskom challenges ‘unfair’ State capture claims
Photo by Duane Daws
Eskom chairperson Dr Baldwin Ngubane

SA Post Office to reach profitability in 2018 – CEO 

By: African News Agency      15th April 2016 The South African Post Office (SAPO) could only hope to be profitable in two years’ time, Mark Barnes, CEO of the cash-strapped entity told MPs on Friday. Briefing Parliament’s portfolio committee on telecommunications and postal services on the SAPO it annual performance and strategic plan,... 

SA Post Office to reach profitability in 2018 – CEO

Brazilian side of joint A-Darter missile programme hit by serious budget cuts

By: Keith Campbell     15th April 2016 The Brazilian side of the joint South African/Brazilian A-Darter missile development programme has been significantly affected by severe emergency budget cuts that have taken place in the South American country. The A-Darter is a fifth-generation infrared (IR) homing air-to-air missile (AAM).... 

Denel says it seeks to resolve 'misunderstandings' with National Treasury

By: Keith Campbell     14th April 2016 State-owned defence industrial group Denel issued a press release on Thursday stating that it will continue to discuss with National Treasury the issue of its joint venture with private sector South Africa company VR Laser, to create a Hong Kong-based company to be called Denel Asia, to resolve... 

Denel says it seeks to resolve 'misunderstandings' with National Treasury
Photo by Duane Daws
Denel acting CEO Zwelakhe Ntshepe

Sale of Optimum Coal to Tegeta concluded

By: Terence Creamer     14th April 2016 The joint business rescue practitioners of Optimum Coal Holdings announced on Thursday that all outstanding obligations in respect of the sale of the assets of Optimum Holdings to Tegeta Exploration & Resources had been performed and that the transaction would become effective on April 15. Joint... 

Sale of Optimum Coal to Tegeta concluded

Koeberg to pursue dry-cask storage as used-fuel pools head for 2018 limit 

By: Terence Creamer     14th April 2016 The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a total of 2 229 spent-fuel... 

Koeberg to pursue dry-cask storage as used-fuel pools head for 2018 limit

Gama appointed permanent Transnet CEO 

By: Terence Creamer     13th April 2016 Cabinet approved the appointment of Siyabonga Gama as the permanent CEO of Transnet at its meeting on Wednesday – a role that he had been performing in an acting capacity since the departure of Brian Molefe to Eskom in April last year. Gama, who has been at Transnet for the past 21 years and an... 

Gama appointed permanent Transnet CEO
Photo by Duane Daws
Transnet group CE Siyabonga Gama

Post Office chair must pay back the money – Scopa member

By: News24Wire      13th April 2016 South African Bitumen Association. A review of the South African road network and its impact on the bituminous product industryParliamentary officials have demanded that the Post Office chair pay back money lost through the resignations of top officials. South African Post Office (Sapo) chair Dr... 

Post Office chair must pay back the money – Scopa member

Think tank calls for expert panel to study relationship between growth and transformation 

By: Terence Creamer     7th April 2016 A domestic policy think tank called this week for the creation of a “blue ribbon commission” to study the relationship between growth and economic transformation in South Africa and to make recommendations as to how opportunities for black business could be expanded in a way that encouraged... 

Think tank calls for expert panel to study relationship between growth and transformation
CDE executive director Ann Bernstein

Growth, fiscal stresses at heart of S&P’s downgrade review, but political tensions a worry

By: Terence Creamer     6th April 2016 South Africa’s weak growth outlook as well as the country’s fiscal risks – including the possibility that government might need to step in to support State-owned Companies (SoCs) with weak balance sheets – would be the key “pressure points” in Standard & Poor's (S&P’s) assessment of whether or... 

Growth, fiscal stresses at heart of S&P’s downgrade review, but political tensions a worry

LNG imports a real option for South Africa – IGU president 

By: Terence Creamer     5th April 2016 The development of liquefied natural gas (LNG) export capacity in countries such as the US and Australia is transforming gas into a “global energy market” and creating opportunities for countries such as South Africa to diversify its energy mix and bolster security of supply. This is the view of... 

LNG imports a real option for South Africa – IGU president

First phase of N8 highway rehabilitation due for completion in June

By: Samantha Herbst     31st March 2016 The first of two contracts that will see the rehabilitation of the N8 highway between Bloemfontein and Thaba Nchu is due for completion in June, the South African National Roads Agency Limited (Sanral) revealed on Thursday. Sanral embarked on the two-contract upgrade owing to a significant... 

First phase of N8 highway rehabilitation due for completion in June

Gupta director joined Eskom board within three months  

By: News24Wire      29th March 2016 Mark Pamensky was appointed to the Eskom board three months after joining the board of Gupta-owned Oakbay Resources and Energy, Eskom revealed on Tuesday. The Eskom website describes Pamensky as group operations officer of Blue Label Telecoms, which he isn’t, while there is no mention of him... 

 Gupta director joined Eskom board within three months

State-owned companies can play a role in avoiding BBBEE fronting

By: Natasha Odendaal     29th March 2016 State-owned companies (SoCs) could play a role in combatting fronting by looking within for the skills they need and encouraging the establishment of supplier companies in line with their demands. With fronting an ever-increasing issue impacting on the transformation ambitions of the 2003... 

State-owned companies can play a role in avoiding BBBEE fronting
Photo by Duane Daws
BBBEE advisory council member Lefadi Makibinyane

Jonas purge could be Zuma's next move – economist

By: News24Wire      22nd March 2016 A Cabinet shuffle could be embattled President Jacob Zuma's next defensive move, according to emerging markets economist Peter Attard Montalto of Nomura. Reacting on Monday to the ANC's National Executive Committee (NEC) meeting held over the weekend, Montalto commented that the ANC has closed... 

Jonas purge could be Zuma's next move – economist
Mcebisi Jonas

New codes to catalyse transformation

By: Dylan Slater     18th March 2016 Compliance with the new Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice needs to be widespread if further youth uprisings are to be averted, thereby enabling South Africa to build additional small and medium-sized enterprises (SMEs) and triggering transformation and growing... 

New codes to catalyse transformation
Photo by Duane Daws
BBBEE CODES The biggest change in the new codes is a sub minimum of 40% compliance for all categories

Finance house assists with small business growth

By: Dylan Slater     18th March 2016 Through financial services provider Sanlam’s enterprise and supplier development (ESD) programme, small and medium-sized enterprises (SMEs) have experienced an average of 19% growth in revenue in the past two years.  

Incoming Necsa chairperson promises to do his utmost in the post

By: Keith Campbell     18th March 2016 The new Chairperson-designate of the Board of the South African Nuclear Energy Corporation (Necsa), Dr Kelvin Kemm, has thanked Energy Minister Tina Joemat-Petterson for nominating him to the post. Kemm is, among other things, the CEO of Nuclear Africa and a columnist for Engineering News.  

Nuclear regulator confirms receipt of Thyspunt, Duynefontein applications 

By: Terence Creamer     15th March 2016 South Africa’s National Nuclear Regulator (NNR) confirmed on Tuesday that it had received, on March 10, two Nuclear Installation Site Licence (NISL) applications from Eskom for Thyspunt, in the Eastern Cape, and Duynefontein, in the Western Cape. The NNR said that both NISL applications had been... 

Nuclear regulator confirms receipt of Thyspunt, Duynefontein applications

ANC wants answers from deputy finance minister  

By: News24Wire      14th March 2016 The African National Congress (ANC) is planning on meeting Deputy Finance Minister Mcebisi Jonas following reports that the Gupta family offered him the top job in the ministry. The party tried to call Jonas at the weekend to get clarity, but he was out of the country, ANC national spokesperson... 

ANC wants answers from deputy finance minister
Photo by Duane Daws
Mcebisi Jonas

French keen to include energy-intensive South African firms as nuclear equity partners 

By: Terence Creamer     13th March 2016 The French nuclear industry, led by electricity utility EDF, is gearing up in earnest to respond to South Africa’s request for proposals (RFP), which could be released before the end of March. The French President’s special envoy for the France-South Africa Nuclear Partnership, Pascal Colombani,... 

French keen to include energy-intensive South African firms as nuclear equity partners
Photo by Creamer Media
The French would offer the EPR reactor like this one being built in Flamanville

Treasury to showcase action taken as Moody’s reviews possible downgrade

By: Natasha Odendaal     9th March 2016 With Moody’s Investors Service heading to South Africa’s shores for its yearly review, the National Treasury on Wednesday said it would highlight the key actions taken to avert a possible downgrade. The ratings agency this week placed South Africa’s respective long- and short-term ratings of Baa2... 

Treasury to showcase action taken as Moody’s reviews possible downgrade

Parliament questions Post Office chair's commitment

By: News24Wire      9th March 2016 The Standing Committee on Public Accounts (Scopa) has questioned the commitment of the South African Post Office (Sapo) chair after he failed to appear at a key hearing. Sapo chairperson Dr Simosezwe Lushaba failed to appear before the committee on Tuesday after the Post Office posted a... 

Parliament questions Post Office chair's commitment

Brown: Eskom debt could climb to R350bn within 5yrs 

By: News24Wire      4th March 2016 Eskom had a debt of R333-billion at the end of last year, according to a written parliamentary reply by Public Enterprises Minister Lynne Brown. The power utility's approved borrowing programmes in the 2015/16 corporate plan was R237-billion. 

Brown: Eskom debt could climb to R350bn within 5yrs
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Give SOEs a chance – Ramaphosa

By: News24Wire      3rd March 2016 Give state-owned enterprises (SOEs) a chance, and stop rubbishing them, Deputy President Cyril Ramaphosa pleaded in Parliament on Wednesday. Addressing a question on the state of the South African Post Office, Ramaphosa said the SOE was on a journey to something admirable. 

Give SOEs a chance – Ramaphosa
Photo by Reuters
Cyril Ramaphosa

Ramaphosa: Don't expect wholesale privatisation of SOEs

By: News24Wire      2nd March 2016 Politicians should not run ahead of themselves and expect the wholesale or partial privatisation of state-owned enterprises (SOEs), Deputy President Cyril Ramaphosa said in parliament on Wednesday. Responding to oral questions from MPs, Ramaphosa said there are currently around 700 SOEs – some of... 

Ramaphosa: Don't expect wholesale privatisation of SOEs
Photo by Duane Daws
Deputy President Cyril Ramaphosa
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