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State Companies News

SAA banking tender deferred due to debt consolidation 

By: News24Wire      19th July 2016 South African Airways' (SAA) controversial appointment of little-known finance company BnP Capital was not only expensive; it also put on hold an approved banking tender to Nedbank. News24 can exclusively reveal that SAA's board approved the awarding of banking services to Nedbank on May 27, for... 

Boeing, Mango in Africa's first jet biofuel flight 

By: Anine Kilian     15th July 2016 Aircraft manufacturer Boeing, along with South African Airways (SAA) and its low-cost carrier Mango on Friday celebrated Africa’s first commercial passenger flights using sustainable aviation biofuel. The flights used sustainable jet biofuel produced from research and development company... 

Boeing, Mango in Africa's first jet biofuel flight

Gordhan requests extension for SAA’s financial statement 

By: Creamer Media Reporter      14th July 2016 Finance Minister Pravin Gordhan has requested Parliament grant an extension until September 15 to table South African Airways’ (SAA’s) annual financial statement (AFS), the National Treasury said on Thursday. The national airliner’s AFS could not be finalised until a decision had been made on its... 

Gordhan requests extension for SAA’s financial statement
Photo by Duane Daws
Finance Minister Pravin Gordhan

New rail loop adds coal export capacity for Waterberg mines

By: Terence Creamer     14th July 2016 The capacity of South Africa’s coal export corridor to transport material mined in the Limpopo province’s Waterberg coalfields has been increased with the completion of a new 1.8 km passing loop at Matlabas, Transnet reports. The loop, which enables 100-wagon trains to cross without disrupting... 

New rail loop adds coal export capacity for Waterberg mines

Eskom, local universities sign Phase 2 of the EPPEI funding agreement

By: Samantha Herbst     13th July 2016 Eskom will next week sign Phase 2 of the Eskom Power Plant Engineering Institute (EPPEI) funding agreement, which will see the State power utility committing R155-million to execute and enhance eight interuniversity programmes in South Africa, integrating research efforts and creating synergy... 

Armscor: No ‘classified’ data leaked in Anonymous hack

By: News24Wire      13th July 2016 State-owned arms supplier Armscor has said a cyber breach on its website has not resulted in classified or sensitive information being leaked. Hacktivists claiming links to the Anonymous group have breached Armscor’s website, dumping hundreds of records linked to the company’s settlement and... 

What SAA paid departing CEOs and CFOs 

By: News24Wire      12th July 2016 In the past 11 years, South African Airways (SAA) has paid close to R23-million in separation packages to chief executives and chief financial officers who did not complete their contracts, according to a response to a parliamentary question. Pieter Groenewald from the Freedom Front Plus asked... 

What SAA paid departing CEOs and CFOs

80 MW Noupoort wind farm enters commercial operation

By: Terence Creamer     11th July 2016 The 80 MW Noupoort wind farm, in the Northern Cape, entered commercial operation on July 11, with all 35 turbines at the R1.9-billion facility commissioned and connected to the Eskom grid. Country programme manager Savva Antoniadis reports that Noupoort is also the first wind farm selected during... 

80 MW Noupoort wind farm enters commercial operation
The 80 MW Noupoort wind farm

SA Post Office raises R3.7bn to revitalise ailing State enterprise 

By: African News Agency      8th July 2016 The SA Post Office (SAPO) has raised R3.7-billion from local financial institutions to prop up the cash-strapped state enterprise. Telecommunications and Postal Services Minister Siyabonga Cwele said R1-billion of the amount was received a few months ago after the organisation went into the... 

SA Post Office raises R3.7bn to revitalise ailing State enterprise

Standard Bank keen to participate in South Africa’s gas-to-power programme

By: Terence Creamer     8th July 2016 Leading South African financial institution Standard Bank has confirmed that it is keen to participate in the funding of South Africa’s gas-to-power (GTP) programme and that it is eagerly awaiting the release of the project information memorandum, outlining government’s preferred procurement... 

Standard Bank keen to participate in South Africa’s gas-to-power programme
Standard Bank head of power Rentia van Tonder

SAA contractor BnP Capital had its FSB licence revoked – Outa 

By: News24Wire      8th July 2016 Civil rights body Outa presented proof on Friday that BnP Capital, which has a contract with South African Airways (SAA), had its Financial Services Board (FSB) licence revoked. "We have learnt that the FSB licence of BnP Capital has been suspended," said Outa director of legal affairs Advocate... 

SAA contractor BnP Capital had its FSB licence revoked – Outa

AfDB signs loan facilities with Eskom worth R20bn

By: Terence Creamer     7th July 2016 State-owned power utility Eskom reported on Thursday that it had concluded three loan facilities with the African Development Bank (AfDB) collectively valued at around R20-billion. The signed facilities will be used to fund the utility’s general capital requirements, including new-build projects,... 

AfDB signs loan facilities with Eskom worth R20bn
Photo by Duane Daws
Eskom CFO Anoj Singh

Nersa grants Eskom extension on new tariff submission 

By: Terence Creamer     7th July 2016 The National Energy Regulator of South Africa (Nersa) has approved Eskom’s application for an extension, until April 1, 2017, to submit a new multi-year price determination (MYPD) application. The State-owned utility had originally been given three months, from March 1, to make a fresh... 

Nersa grants Eskom extension on new tariff submission

Eskom showing signs of operational stabilisation 

6th July 2016 Creamer Media’s Samantha Herbst speaks to Engineering News editor Terence Creamer about Eskom’s latest integrated results presentation. 

Eskom showing signs of operational stabilisation
Eskom showing signs of operational stabilisation

Eskom insists R1 600/t is the ‘total cost’ of Anglo coal to Tutuka 

By: Terence Creamer     6th July 2016 State-owned electricity utility Eskom moved to clarify its statement that Anglo American’s New Denmark colliery had supplied coal to the Tutuka power station between April 2015 and May 2016 at R1 600/t – a level that group executive for generation Matshela Koko described as “unacceptable”. In a... 

Eskom insists R1 600/t is the ‘total cost’ of Anglo coal to Tutuka
Eskom group executive for generation Matshela Koko on its coal sourcing strategy and the 'unacceptable' cost of coal to Tutuka. Camera Work: Nicholas Boyd. Editing: Lionel da Silva

Eskom says it owns assets at some South African coal mines

By: Bloomberg     6th July 2016 South Africa’s power utility plans to transfer assets at coal mines it helped to pay for onto its own balance sheet, which will involve a “painful process” of discussions with companies including Anglo American and Exxaro Resources, an executive said. Lawyers for Eskom, South Africa’s biggest... 

Eskom says it owns assets at some South African coal mines

Molefe in forceful defence of Gupta-linked coal deal  

By: Terence Creamer     5th July 2016 Eskom CEO Brian Molefe went on the offensive on Tuesday against critics of the State-owned utility’s recent coal contract with the Gupta-family-linked Tegeta Exploration and Resources, likening the role of the banks and the media in the “hullabaloo” to that of a “kangaroo court”. Speaking at the... 

Molefe in forceful defence of Gupta-linked coal deal
Eskom CEO Brian Molefe defends Tegeta coal deal, while slamming banks and media. Camera Work & Editing: Nicholas Boyd. Recorded: 5.6.2016

South Africa’s ‘messy’ political state hampers economic growth, coalition government increasingly likely

By: Natasha Odendaal     5th July 2016 South Africa’s “messy” political landscape is not aiding the country’s economic growth ambitions, Centre for Politics and Research executive director Prince Mashele said on Tuesday. “We are in a mess politically,” he told delegates at a Gordon Institute of Business (GIBS) discussion, pointing out... 

South Africa’s ‘messy’ political state hampers economic growth, coalition government increasingly likely

Eskom reports strong profit recovery despite another fall in yearly sales 

By: Terence Creamer     5th July 2016 Despite another, albeit modest, fall in electricity sales, State-owned electricity producer Eskom reported a strong recovery in its financial performance for 2016, with net profit rising to R4.6-billion from R200-million in 2015. At the interim stage, however, net profit stood at R11.3-billion,... 

Eskom reports strong profit recovery despite another fall in yearly sales

Tambo-Springs container terminal briefing moves ahead as Transnet offers zoning assurances

By: Terence Creamer     4th July 2016 A briefing session will be held this week for potential bidders for a proposed inland Tambo Springs container terminal, earmarked for development as a public-private partnership (PPP) in eastern Gauteng. State-owned freight logistics group Transnet issued a request for proposals (RFP) in June,... 

 Tambo-Springs container terminal briefing moves ahead as Transnet offers zoning assurances

DoT CFO joins PRASA as acting group CEO 

By: Natasha Odendaal     1st July 2016 The Department of Transport (DoT) has welcomed the appointment of Collins Letsoalo as acting group CEO of the Passenger Rail Agency of South Africa (PRASA), effective immediately. Letsoalo was moving from his position as CFO at the DoT, assuming the role until PRASA’s board resolved several... 

Eskom in surprise termination of Duvha contract talks

By: Terence Creamer     30th June 2016 State-owned electricity utility Eskom reported on Thursday that it had terminated contract negotiations for the rebuild portion of the Duvha Unit 3 boiler recovery project after the “supplier was unable to meet the conditions precedent to enable agreement on the contract”. Eskom did not name the... 

Eskom in surprise termination of Duvha contract talks

DoE ‘disturbed’ by SFF's disregard for governance processes in Chevron bid

By: Terence Creamer     30th June 2016 Department of Energy (DoE) director-general Thabane Zulu has slammed the announcement by the Strategic Fuel Fund (SFF) of its intention to bid for Chevron’s South African assets, saying the government is “disturbed at the complete disregard for governance processes by the entity in question”. On... 

DoE ‘disturbed’ by SFF's disregard for governance processes in Chevron bid

GE, Transnet explore use of digital technologies to boost locomotive performance

By: Terence Creamer     30th June 2016 Technology multinational GE reports that it is working with South Africa’s Transnet on ways to integrate its digital solutions into the locomotives it has already supplied, and is in the process of supplying, to the State-owned freight logistics group. The two companies are using GE’s newly... 

GE, Transnet explore use of digital technologies to boost locomotive performance
Photo by Duane Daws
GE South Africa CEO Thomas Konditi

Transnet pares back its capital investment plan 

30th June 2016 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Transnet’s slowing capital investment and the impact of this on the economy. 

Transnet pares back its capital investment plan
Transnet pares back its capital investment plan

TNPA luring private oil-services investors to Saldanha using ‘flexible’ terminal concessions  

By: Terence Creamer     29th June 2016 Freight logistics group Transnet is optimistic of receiving positive responses to a tender for the development of an offshore supply base (OSSB) for the oil and gas industry in Saldanha Bay, reporting that around 120 people attended a tender site briefing this week. A request for proposals (RFP)... 

TNPA luring private oil-services investors to Saldanha using ‘flexible’ terminal concessions
Operation Phakisa programme director Ricky Bhikraj outlines the approach being taken to PPP projects at the Port of Saldanha. Camera Work: Nicholas Boyd. Editing: Lionel da Silva.

TFR to begin 14-day coal-line shutdown on July 11

By: Creamer Media Reporter      29th June 2016 State-owned railways utility Transnet Freight Rail (TFR) announced on Wednesday that it would begin a 14-day total shutdown of the coal export line on July 11. The yearly maintenance shutdown would continue until July 24. On average, 230 000 t/day is railed down the corridor, which links the... 

TFR to begin 14-day coal-line shutdown on July 11

TNPA to add container capacity at Durban harbour as it puts dig-out port on hold 

By: Terence Creamer     28th June 2016 Having pulled back from any immediate development of the so-called Durban Dig-Out Port (DDOP), Transnet National Ports Authority (TNPA) is moving ahead with two more modest projects to expand the container capacity at the Port of Durban. Transnet CEO Siyabonga Gama has indicated that the DDOP is... 

TNPA to add container capacity at Durban harbour as it puts dig-out port on hold
TNPA senior manager for planning and development Selvan Pillay on the berth-deepening and Salisbury Island projects to increase container capacity at the Port of Durban. Camera Work & Editing: Nicholas Boyd. Recorded: 28.6.2016

Transnet Engineering hands over passenger coaches to Botswana Railways

By: Samantha Herbst     27th June 2016 The engineering unit of State-owned freight logistics group Transnet on Monday released the last batch of passenger coaches to Botswana Railways at a handing-over ceremony in Salt River, Cape Town. This followed the initial staggered delivery of 22 coaches to the Botswana utility this year, which... 

Transnet Engineering hands over passenger coaches to Botswana Railways

Vandalised assets costing PRASA millions, raises concern over risk to new rolling stock

By: Natasha Odendaal     27th June 2016 The Passenger Rail Agency of South Africa (PRASA) on Monday said extensive, ongoing incidences of vandalism against, and theft of, its assets had severely impacted on services, threatened safety and cost the operator some R331-million it could ill afford to lose. The ongoing incidents of... 

Vandalised assets costing PRASA millions, raises concern over risk to new rolling stock
Photo by Duane Daws
PRASA acting CEO Nathi Khena

Call for investigation into alleged procurement irregularities at Eskom

By: Sane Dhlamini     27th June 2016 Nonprofit organisation Corruption Watch last week issued an urgent request to the National Treasury to investigate the manner in which State-owned power utility Eskom managed its contracts with existing suppliers and its general adherence to supply chain processes, including its vetting... 

Call for investigation into alleged procurement irregularities at Eskom
Photo by Duane Daws
Corruption Watch Director, David Lewis

Big ‘focus’ on ensuring rail OEMs meet local-content commitments 

By: Terence Creamer     24th June 2016 A senior Department of Trade and Industry (DTI) official “promised” on Friday that the department was giving focused attention to ensuring that the local-content targets associated with Transnet’s R50-billion locomotive procurement programme were met. Chief director for industrial procurement Dr... 

Big ‘focus’ on ensuring rail OEMs meet local-content commitments

Icasa, SABS outline process for issuing of EMI/EMC certificates of compliance

By: Anine Kilian     20th June 2016 Manufacturers and importers of electronic equipment can expect a “transparent, predictable and efficient process” when applying for Electromagnetic Interference/ Compatibility (EMI/EMC) Certificates of Compliance (CoCs), South African Bureau of Standards (SABS) CEO Dr Boni Mehlomakulu said on... 

Zulu wants small business development integrated into nine-point plan

By: Mia Breytenbach     17th June 2016 While the South African Department of Small Business Development (DSBD) is one of the lead departments for one of the priority interventions of government’s Nine-Point Plan to boost economic growth and create much-needed jobs – unlocking the potential of small, medium-sized and microenterprises... 

Zulu wants small business development integrated into nine-point plan
Photo by Duane Daws
LINDIWE ZULU The Department of Small Business Development has set a target of increasing the . . . jobs created by the small business sector from 7.1-million to 9.2-million by 2019

Protesting firefighters showed courage against exploitation – Numsa

By: News24Wire      16th June 2016 South African firefighters who went on strike in Canada were 'ruthlessly' exploited, the National Union of Metalworkers of SA (Numsa) said on Thursday. "[Numsa] warmly congratulates the 301 fire-fighters who protested at the way they were being ruthlessly exploited while they were courageously... 

Protesting firefighters showed courage against exploitation – Numsa
Photo by Air Canada
Work on fire firefighters arrive in Canada

SAA scraps idea that it gave Mango cheap plane leases 

By: News24Wire      16th June 2016 Four days after South African Airways (SAA) said it sub-leased aircraft to its low-cost subsidiary Mango Airlines at a discounted cost, inadvertently raising concerns of collusion, the embattled airline did an about-turn and denied that it had done so. The change in tune came hours after... 

WC Department of Health office wins green building accolades

By: Anine Kilian     14th June 2016 The Western Cape Department of Transport and Public Works has been recognised by the Green Building Council of South Africa (GBCSA) for its work on a R128-million regional office building currently under construction for the Department of Health in Bellville, Western Cape. The building, located... 

WC Department of Health office wins green building accolades
Department of Health office building, Bellville

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