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State Companies News

Half of Ramaphosa’s SoE council to be made up of people from outside of government

By: Terence Creamer     23rd May 2018 President Cyril Ramaphosa has announced that the composition of the Presidential State-owned Enterprise (SoE) Council, whose establishment has been approved by Cabinet, will be split between Ministers, as well as business people, experts and stakeholders. Speaking in Parliament during the debate... 

Municipalities, State-owned companies must release unused land for urban poor – Ramaphosa

By: African News Agency      23rd May 2018 Municipalities and State-owned companies must expropriate and release unused land for housing the country's urban, landless poor, South African President Cyril Ramaphosa said on Wednesday. "Municipalities and State-owned enterprises need to release unused land and service sites for housing so... 

Municipalities, State-owned companies must release unused land for urban poor – Ramaphosa
President Cyril Ramaphosa

SAA CEO suggests business rescue will bring little benefit to airline

By: Rebecca Campbell     23rd May 2018 South African Airways (SAA) CEO Vuyani Jarana is of the opinion that placing the airline under business rescue would not lead to a radically different recovery plan for the deeply indebted and heavy loss-making national carrier. He was answering a question from FlightComm editor and aviation... 

SAA CEO suggests business rescue will bring little benefit to airline

TNPA appoints new COO, GM of corporate affairs

By: Simone Liedtke     21st May 2018 Nozipho Mdawe has been appointed COO of Transnet National Ports Authority (TNPA), with effect from May 21. Mdawe takes over the role recently vacated by Phyllis Difeto and briefly held in an acting capacity by Moshe Motlohi.  

TNPA appoints new COO, GM of corporate affairs
Newly-appointed TNPA COO Nozipho Mdawe

Denel's rescue plan must be fast-tracked – Minister

By: African News Agency      18th May 2018 A rescue plan for South Africa's state-owned arms manufacturer Denel needed to be sped up so it did not negatively affect the capability of the army, Defence Minister Nosiviwe Mapisa-Nqakula said on Friday. Speaking after delivering her department's budget vote, Mapisa-Nqakula said the... 

Dredging project revitalises Durban’s beaches

By: Nadine James     18th May 2018 An innovative sand pumping initiative between eThekwini Municipality and Transnet National Ports Authority (TNPA) has successfully reinstated sand along eroded sections of Durban’s popular Golden Mile and could offer similar benefits for beaches extending further northwards. The municipality and... 

Nzimande urges SOEs to plug leaks

By: News24Wire      18th May 2018 Transport Minister Blade Nzimande called for an end to warring board members and executives at entities within his department, urging them to prioritise turning the organisations around. Nzimande was speaking ahead of his budget vote at the Old Assembly chamber in Parliament on Friday morning.... 

Nzimande urges SOEs to plug leaks
Photo by Creamer Media
Transport Minister Blade Nzimande

Plans in place to redeem utility

18th May 2018 In its presentation to Parliament last month, State-owned power utility Eskom mentioned that it would be dealing with a number of issues within the utility relating to governance, ethics and accountability as well as improving liquidity to ensure financial sustainability. Presented on April 18,... 

Plans in place to redeem utility
Photo by Creamer Media
REVIVING ESKOM The new board Eskom will focus on multiple aspects to bring it to financial sustainability

Ninety-five years of lighting up South Africa

18th May 2018 For the past 95 years, State-owned power utility Eskom, has been at the forefront of contributing positively towards fighting the country’s socioeconomic challenges through the Eskom Development Foundation. The foundation, a nonprofit organisation solely funded by Eskom, has launched many... 

Ninety-five years of lighting up South Africa
PROVIDING POWER Eskom has been supplying South Africa with electricity for 95 years

New research group to bridge skills gap at Eskom

18th May 2018 Applied Thermo Fluid Process Modelling Research Unit (ATProM), a new research group, is building on an existing collaboration between State-owned power utility Eskom and the University of Cape Town (UCT) to provide engineers with up-to-date research and students with real-world experience while... 

New research group  to bridge skills gap  at Eskom
Photo by Creamer Media
HANDS ON Engineering students will get real world experience while helping tackle challenges Eskom faces

Science enhancement initiative expands to EC

18th May 2018 State owned power utility Eskom has signed an agreement with the Technology Research Activity Centre South Africa (TRAC SA) to increase the coverage of the Eskom Science Enhancement Initiative support programme, TRAC 2. In partnership with the Eastern Cape Department of Education, Eskom signed... 

UK airline to launch direct Durban–London air link

By: Rebecca Campbell     18th May 2018 The Dube TradePort Special Economic Zone has announced that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is located... 

MPs to summon ministers on R13.8bn owed to Eskom by municipalities

By: African News Agency      16th May 2018 Members of Parliament (MPs) on Wednesday resolved to summon the inter-ministerial task team looking into municipalities which owe State-owned power utility Eskom close to R14-billion in debt to Parliament. At a meeting of Parliament's standing committee on public accounts (Scopa), Eskom board... 

 MPs to summon ministers on R13.8bn owed to Eskom by municipalities

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target
Photo by Dylan Slater
Energy Minister Jeff Radebe

Mohammed Mahomedy appointed interim CFO at Transnet

By: Creamer Media Reporter      16th May 2018 Mohammed Mahomedy has been appointed as Transnet’s interim CFO, effective May 15. He is a chartered accountant and, over his 12 years of service at Transnet, has led key strategic portfolios within finance. Before being appointed interim CFO, he was GM Finance at Transnet Group Capital. He also... 

SAA briefing to Parliament cancelled after political parties clash

By: African News Agency      16th May 2018 A briefing by South African Airways (SAA) to Parliament's finance committee was called off on Wednesday after MPs from the ruling African National Congress (ANC) and the Democratic Alliance (DA) clashed on whether the meeting should be closed to the public. Acting finance committee chairperson... 

 SAA briefing to Parliament cancelled after political parties clash

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs
Public Enterprises Minister Pravin Gordhan

Government ready to do business with the private property sector – Nxesi

By: Simone Liedtke     15th May 2018 The government is ready to do business with the private property sector to bring certainty to the market, says Public Works Minister Thulas Nxesi. Delivering his Budget Vote in Parliament, on Tuesday, the Minister said market certainty would be based on market-related pricing, improved value and... 

Union welcomes departure of Denel Group CEO

By: Rebecca Campbell     15th May 2018 The Solidarity trade union on Tuesday welcomed the resignation of Denel Group CEO Zwelakhe Ntshepe that same day. It also expressed its support for recently appointed board chairperson (Ms) Monhla Hlahla, complimenting her for the changes she has already made at the State-owned defence industrial... 

Union welcomes departure of Denel Group CEO
Photo by Duane Daws/Creamer Media
Zwelakhe Ntshepe

Denel Group CEO resigns

By: Rebecca Campbell     15th May 2018 State-owned defence industrial group Denel announced on Tuesday that its Group CEO, Zwelakhe Ntshepe, had resigned. The resignation was also with effect from Tuesday. He had been appointed Group CEO only six months ago, following two years in which he had been acting in that capacity. Ntshepe... 

Denel Group CEO resigns
Photo by Duane Daws/Creamer Media
Michael Kgobe

Popo Molefe to lead new interim board at Transnet

By: Simone Liedtke     15th May 2018 Public Enterprises Minister Pravin Gordhan has appointed a new interim board for State-owned Transnet, pending a full appointment, in consultation with Cabinet. The interim board will be led by Popo Molefe as chairperson and includes directors Louis Zeuner, Ramasela Ganda, Ursula Fikelepi, Edward... 

Eskom wants 3% on top of any tariff hike for three years to claw back R66bn-plus 

By: Terence Creamer     14th May 2018 State-owned electricity utility Eskom has proposed a five-year phasing-in period to recoup R66-billion-plus in cost and revenue variances contained in three separate Regulatory Clearing Account (RCA) applications. The applications are being adjudicated simultaneously by the National Energy... 

Eskom wants 3% on top of any tariff hike for three years to claw back R66bn-plus
Photo by Dylan Slater
Eskom acting CFO Calib Cassim

Durban port truck booking system could become compulsory by April 2019

By: Shirley le Guern     11th May 2018 The Durban port may have a compulsory truck booking system in place by April 2019, Transnet Port Terminals (TPT) CE Nozipho Sithole tells Engineering News Online. In an interview on the sidelines of the Transport Forum Special Interest Group, in Durban, this week, she was adamant that TPT had... 

Large power users urge Nersa to hold Eskom accountable for inefficiencies 

By: Terence Creamer     11th May 2018 The Energy Intensive Users Group of Southern Africa (EIUG) has argued that any cost-recovery granted to Eskom in relation to three Regulatory Clearing Account (RCA) applications currently under review by the regulator be capped at R40.5-billion. However, it also urged the National Energy... 

Large power users urge Nersa to hold Eskom accountable for inefficiencies
Photo by Dylan Slater
The Eskom team presenting at the Nersa hearings in Soweto on Friday

Transnet, Tshipi é Ntle sign long-term manganese contract

By: Simone Liedtke     11th May 2018 State-owned Transnet has signed the second long-term agreement under its Manganese Export Capacity Allocation (Meca) programme, which seeks to integrate a number of export manganese contracts. The seven-and-a-half-year contract with manganese miner Tshipi é Ntle will result in 2.1-million tonnes... 

Solidarity union to continue with SAA business rescue plan despite latest bailout 

By: Rebecca Campbell     11th May 2018 The Solidarity trade union will continue with its court application to place State-owned flag carrier South African Airways (SAA) under business rescue, despite another government bailout for the airline, the union announced on Friday. This follows a statement on Thursday by SAA CEO Vuyani Jarana... 

Solidarity union to continue with SAA business rescue plan despite latest bailout
Photo by SAA
An Airbus A340-600 wide-body airliner

SAA to get R5bn capital injection after plea for cash – CEO

By: Reuters     11th May 2018 South Africa has promised another R5-billion ($400-million) capital injection to help its struggling state airline meet urgent financial obligations, the CEO of South African Airways (SAA) said on Thursday. SAA has not generated a profit since 2011 and has already received State guarantees... 

Ministers from SA and India stress bilateral opportunities at business summit

By: Rebecca Campbell     11th May 2018 India has progressed from having almost no trade with South Africa in 1994 to today being the country's sixth to eight largest trading partner, South African Trade and Industry Minister Dr Rob Davies has highlighted. He was addressing the recent India-South African Business Summit in Sandton,... 

More banks needed in SA, including State-owned bank – Ramaphosa 

By: African News Agency      8th May 2018 President Cyril Ramaphosa on Tuesday expressed support for a legislative amendment to create a State-owned bank and breaking the monopoly of the big four commercial banks in South Africa.  "We need to move away from the monopoly of just four banks in our country and create more banks so there is... 

 More banks needed in SA, including State-owned bank – Ramaphosa
President Cyril Ramaphosa

Union urges Parliament to debate SAA

By: Rebecca Campbell     8th May 2018 Trade union Solidarity on Tuesday petitioned Parliament to hold a debate in the House of Assembly on the State-owned flag-carrier airline, South African Airways (SAA). The union also urged the Government to support Solidarity’s application to place the airline under business rescue and to stop... 

Union urges Parliament to debate SAA

SAA requires R5bn bailout to stay afloat – treasury official 

By: Reuters     8th May 2018 State carrier SAA requires a R5-billion cash injection in the current financial year to help it meet its financial obligations, a senior treasury official said on Tuesday. National Treasury director-general Dondo Mogajane told parliament the cash injection could however not come from government,... 

SAA requires R5bn bailout to stay afloat – treasury official

Direct Durban-London air link to be launched by UK carrier

By: Rebecca Campbell     8th May 2018 The Dube TradePort Special Economic Zone announced on Tuesday that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is... 

Direct Durban-London air link to be launched by UK carrier
Photo by Dube TradePort
An aerial view of King Shaka International Airport

South Africa urged to consider CSP-PV blend to lower cost of dispatchable solar generation 

By: Terence Creamer     7th May 2018 International technology and infrastructure group Abengoa, which has developed a portfolio of three concentrated solar power (CSP) projects in South Africa, believes blending CSP with solar photovoltaic (PV) technology is the logical next step for lowering CSP costs, while also producing... 

South Africa urged to consider CSP-PV blend to lower cost of dispatchable solar generation
The 100 MW XiNa Solar One parabolic-trough CSP power station in the Northern Cape

Black-owned energy group disputes notion that renewables programme is anti-transformation

By: Terence Creamer     4th May 2018 Black-owned and managed independent power producer (IPP) Pele Green Energy (PGE), which is an active owner and partner in wind and solar projects with a combined capacity of 900 MW, does not agree with prevailing arguments that South Africa’s IPP programmes are failing to deliver on South... 

Black-owned energy group disputes notion that renewables programme is anti-transformation
Pele Green Energy MD Gqi Raoleka

Transnet chair resigns on eve of meeting with government 

By: African News Agency      4th May 2018 The chairperson of Transnet, Linda Mabaso, has resigned with immediate effect, Public Enterprises Minister Pravin Gordhan said on Thursday. Mabaso's resignation comes on the eve of a shareholder meeting called by Gordhan for Friday.  

Exclusive CEO Forum to discuss utilities transformation at AUW

By: Melissa Zisengwe     4th May 2018 CEOs from Africa will meet at the Pan-African Utility CEO Forum to discuss pertinent issues affecting the power, energy and water sectors. The Forum at African Utility Week (AUW), taking place from 15 to 17 May, is the largest of the five forums and is the meeting place for CEOs from across the... 

Exclusive CEO Forum to discuss utilities transformation at AUW
UTILITY CEOs About 40 CEOs from the continent are expected to attend the forum

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines  

By: Terence Creamer     3rd May 2018 In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe... 

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines
Eskom acting CEO Phakamani Hadebe on what he told investors on a recent roadshow and why load-shedding is unlikely this winter. Camera Work & Editing: Darlene Creamer. Recorded: 3.5.2018

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