http://www.engineeringnews.co.za
R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61
 

State Companies News

Funding for SA firms seeking to increase African trade and investment exposure

By: Schalk Burger     3rd August 2018 Increased trade and interdependence with the rest of Africa are set to bolster the anaemic economy of South Africa through the R13.4-billion Export Credit Insurance Corporation of South Africa (ECIC) and African Export Import Bank (Afreximbank) South African Trade and Investment Promotion... 

Union welcomes appointment of Siza Mzimela as acting SAX CEO

By: African News Agency      2nd August 2018 The National Transport Movement (NTM) on Wednesday welcomed the announcement of Siza Mzimela as acting chief executive of beleaguered airline, SA Express (SAX). In a statement, NTM described Mzimela's appointment as an "excellent choice".  

Control of SAA transferred back to public enterprises – Treasury

By: African News Agency      2nd August 2018 Control of South African Airways (SAA) administration has been transferred back to the public enterprises minister from the finance minister, Treasury said on Wednesday. In a statement, Treasury said a proclamation signed by President Cyril Ramaphosa giving effect to the transfer was gazetted on... 

EIUG calls on Eskom to end impasse, resolve conflict

By: Simone Liedtke     1st August 2018 The Energy Intensive User Group (EIUG) of Southern Africa is concerned about the continuing industrial conflict at State-owned Eskom, it said in a statement on Wednesday. It called on the power utility and its unions to find a way to end the impasse, and to “show responsibility in respect of... 

State capture inquiry to start on August 20

By: News24Wire      27th July 2018 Deputy Chief Justice Raymond Zondo has announced that the judicial commission of inquiry into allegations of State Capture will officially begin on August 20. Zondo made the announcement at a media briefing in Johannesburg on Friday. Earlier this week, Zondo welcomed a decision by the North... 

African countries are rapidly expanding their use of UAVs, but South Africa lags

By: Rebecca Campbell     27th July 2018 The number of applications for unmanned aerial vehicles (UAVs/unmanned aerial systems (UASes) in Africa was increasing rapidly, Council for Scientific and Industrial Research (CSIR) principal aeronautical engineer John Monk told the aviation session of the recent Southern African Transport... 

Eskom’s financial position 

25th July 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom’s latest financial results, the utility’s need to raise more debt and what can be expected from Eskom in terms of the publication of a new long-term corporate plan. 

Eskom’s financial position
Eskom’s financial position

Eskom leaders hint at need for independent system operator 

By: Terence Creamer     24th July 2018 South Africa’s cash-strapped electricity utility Eskom is considering far-reaching changes to its business model as part of an in-depth review, being undertaken ahead of the finalisation of a new corporate plan. Chairperson Jabu Mabuza already flagged this week that the new corporate plan, which... 

Eskom leaders hint at need for independent system operator
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

SAA in talks with other airlines to strengthen its business

By: Rebecca Campbell     24th July 2018 Troubled State-owned national flag carrier South African Airways (SAA) has reported that it is in talks with other airlines on renewing or creating new commercial partnerships. SAA stressed, in its statement, that these discussions were only about “commercial agreements such as interline,... 

SAA in talks with other airlines to strengthen its business
Photo by Stock image
An SAA Airbus A340-300 at Johannesburg’s OR Tambo International Airport

LEIP MoU signed, 101 669 potential jobs created

By: Simone Liedtke     23rd July 2018 Up to 101 669 jobs could be created during the first five years of construction of the Limpopo Eco-Industrial Park (LEIP), which Eco-Industrial Solutions (EIS) CEO Deshika Kathawaroo on Monday said would “fundamentally change” the Limpopo province’s contribution to South Africa’s strategic... 

LEIP MoU signed, 101 669 potential jobs created
Photo by Simone Liedtke
(Left) Limpopo Economic Development Agency group CEO Ben Mphahlele and (right) Eco-Industrial Solutions CEO Deshika Kathawaroo (right) at the signing ceremony on Monday

Eskom confident of raising R72bn despite qualified audit  

By: Terence Creamer     23rd July 2018 Financially stressed electricity producer Eskom expressed confidence on Monday that it would be able raise the R72-billion it required for the 2019 financial year, despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly 20-billion in... 

Eskom confident of raising R72bn despite qualified audit
Eskom chairperson Jabu Mabuza explains why IPPs do not pose a financial risk to the utility. Camera Work & Editing: Nicholas Boyd. Recorded: 23.07.2018

We're doing all we can to end long wait in Home Affairs queues – Gigaba 

By: News24Wire      23rd July 2018 Home Affairs Minister Malusi Gigaba says his department is doing all it can to end the long wait in queues at their various branches across the country. Gigaba was speaking at a media briefing in Pretoria about progress made in the department's "War on Queues" campaign, which he launched in April... 

We're doing all we can to end long wait in Home Affairs queues – Gigaba
Photo by Bloomberg
Home Affairs Minister Malusi Gigaba

Transnet expansion project uplifts the community

20th July 2018 State-owned freight rail company Transnet’s R2.38-billion Manganese Rail Phase 1 Expansion project created about 2 200 employment opportunities in the remote Northern Cape region and provided skills development and training to local staff. 

Transnet expansion project  uplifts the community
BENEFICIARIES Women to Women Shelter is one of the community organisations that benefited from the project

SAA gives assurances to union about its future plans, including privatisation

By: Rebecca Campbell     20th July 2018 In a letter to trade union Solidarity, and released by the union at a recent media briefing, South African Airways (SAA) CEO Vuyani Jarana has given a number of assurances about the plans for the future of the beleaguered State-own national flag carrier. The letter followed a meeting between... 

One arrested as Eskom stolen cables worth R5m discovered in Johannesburg 

By: Reuters     13th July 2018 An investigation team from Eskom recovered stolen Eskom infrastructure worth R5-million, the power utility said on Friday. One person was arrested when the team and members of the SA Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in... 

Action needed to integrate UAVs into civil air space in South Africa – Denel

By: Rebecca Campbell     13th July 2018 Unmanned aerial vehicle (UAV) manufacturer Denel Dynamics (which also produces missiles and space technology) has called for a national programme to integrate UAVs (popularly called drones) into the country’s civilian controlled air space. Controlled air space is air space in which all air... 

Action needed to integrate UAVs into civil air space in South Africa – Denel
Photo by Duane Daws/Creamer Media
A Denel Dynamics Seeker military UAV (with a Casspir mine-protected vehicle in the background)

Designation status a cabling industry boon

By: Paige Müller     13th July 2018 Providing the cable industry with designation status has helped the industry to grow despite a myriad of local manufacturing barriers, says the Association of Electrical Cable Manufacturers of South Africa (AECMSA). The Department of Trade and Industry’s (DTI’s) revised Preferential Procurement... 

Designation status a cabling industry boon
MANUFACTURING NIGHTMARE The unique local cable manufacturing challenges make cable production in South Africa particularly costly and time-consuming

Wind energy industry warned of tough road ahead

By: Kim Cloete     12th July 2018 A leading economist has warned the wind energy industry that it will need to become even more competitive and lower the price of wind power in a stagnant and increasingly challenging South African energy sector.   “Our power sector is bankrupt. Whether we like it or not, this will impact the wind... 

Wind energy industry warned of tough road ahead

SA Express on route to full re-certification by Civil Aviation Authority

By: Rebecca Campbell     12th July 2018 State-owned regional airline SA Express announced on Thursday that its certification as an aircraft maintenance organisation (AMO) had been reinstated by the South African Civil Aviation Authority (Sacaa) on June 22. “Since then SA Express has undergone a stringent and rigorous process to meet... 

SA Express on route to full re-certification by Civil Aviation Authority
Photo by SA Express
A Bombardier CRJ 700 of SA Express, before the airline was grounded

SAA CEO gives assurances on plans to secure the airline’s future 

12th July 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about assurances given by South African Airways CEO Vuyani Jarana to trade union Solidarity and the general public about plans to secure the airline’s future. 

SAA CEO gives assurances on plans to secure the airline’s future
SAA CEO gives assurances on plans to secure the airline’s future

Ramaphosa embarks on Eskom overhaul

By: Reuters     12th July 2018 A month after Cyril Ramaphosa took the helm of South Africa's ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed at the struggling... 

Ramaphosa embarks on Eskom overhaul
President Cyril Ramaphosa

Jarana confirms aim of strategic partnership for SAA

By: Rebecca Campbell     11th July 2018 South African Airways (SAA) CEO Vuyani Jarana confirmed on Wednesday that a Strategic Equity Partner (SEP) would be sought for the airline. He was addressing the Southern African Transport Conference in Pretoria. "The government has pronounced, last year already, that there would be private... 

Jarana confirms aim of strategic partnership for SAA

Criticise us, but give us a chance, SAA CEO implores South Africans

By: News24Wire      11th July 2018 It is very important that South Africans give the new board and management at South African Airways (SAA) the opportunity to turn the national airline around financially, CEO Vuyani Jarana told Fin24 on Wednesday. "South Africans must support the airline. I can only shape its future, since I was... 

 Criticise us, but give us a chance, SAA CEO implores South Africans
SAA CEO Vuyani Jarana

Eskom wage talks: Unions want meeting with Nene, Gordhan

By: News24Wire      11th July 2018 Having reached a “sensitive stage” in the wage negotiation process, unions representing Eskom workers have asked to meet with Finance Minister Nhlanhla Nene and Public Enterprises Minister Pravin Gordhan to resolve the matter. This is according to a statement issued by the National Union of... 

Eskom wage talks: Unions want meeting with Nene, Gordhan
Photo by Reuters
Finance Minister Nhlanhla Nene

Solidarity trade union reports SAA assurances about its future plans, including privatisation

By: Rebecca Campbell     10th July 2018 In a letter to trade union Solidarity, and released by the union at a media briefing on Tuesday, South African Airways (SAA) CEO Vuyani Jarana has given a number of assurances about the plans for the future of the beleaguered State-own national flag carrier. The letter followed a meeting between... 

Solidarity trade union reports SAA assurances about its future plans, including privatisation

Eskom and IPP deal to create more than 60 000 jobs

By: African News Agency      10th July 2018 More than 60 000 jobs are expected to be created during the 27 new renewable energy plant projects being rolled out under the independent power producers (IPP) programme, valued at some R56-billion. According to a statement issued on behalf of Workforce Staffing, a temporary employment service... 

Eskom and IPP deal to create more than 60 000 jobs

Eskom wage negotiations continue

By: African News Agency      10th July 2018 Wage negotiations between power utility Eskom and unions resumed on Tuesday in Johannesburg. National Union of Mineworkers (Num) spokesperson Livhuwani Mammburu told television news channel eNCA that unions have given Eskom two options of a one year deal or a three year one. Eskom on Friday... 

 Eskom wage negotiations continue

Eskom welcomes apology and R902m from McKinsey

By: News24Wire      10th July 2018 Eskom on Monday welcomed McKinsey's apology to South Africans and confirmed it received R902-million from the global consultancy firm. Eskom Group Chief Executive Phakamani Hadebe said the payment goes a long way towards the utility's quest to address the issues of lost funds and regaining trust.... 

Eskom welcomes apology and R902m from McKinsey
Photo by Dylan Slater
Eskom Grop CEO Phakamani Hadebe

McKinsey overhauls South African office after graft scandal 

By: Reuters     9th July 2018 McKinsey has made sweeping changes to its South Africa business to try to rebuild its reputation following an ill-fated deal with friends of scandal-plagued former President Jacob Zuma. Kevin Sneader, who started as McKinsey's global managing partner last week, announced on Monday that the firm... 

McKinsey overhauls South African office after graft scandal

Post Office strike halts payment to grant beneficiaries

By: News24Wire      9th July 2018 Thousands of workers at the South African Post Office (Sapo) and Telkom downed tools on July 6 to demand higher wages. They are affiliated to three unions - the Communication Workers', Customs and Democratic Postal and Communications unions, GroundUp reported. The workers are demanding a 12%... 

Post Office strike halts payment to grant beneficiaries

Eskom executive structure strengthened with the appointment of a COO

By: Nadine James     6th July 2018 The board of State-owned power utility Eskom has appointed Jan Oberholzer COO. The board, which was appointed in January, was mandated to resolve and take decisions to address the immediate challenges facing Eskom. Key to this mandate was to bring stability to the executive leadership structures... 

Davies appoints senior DTI officials as SABS co-administrators

By: Terence Creamer     6th July 2018 Trade and Industry Minister Dr Rob Davies has appointed three senior Department of Trade and Industry (DTI) officials as co-administrators of the South African Bureau of Standards (SABS), which he placed under administration on June 28 after dissolving the SABS board. The co-administrators had... 

Davies appoints senior DTI officials as SABS co-administrators
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies

Eskom ups pay rise offer to 6.7%, NUM says ready to strike

By: Reuters     6th July 2018 South Africa's State-run power utility Eskom has raised its latest pay rise offer to 6.7% from around 6% to three unions it is in negotiations with, a source with the National Union of Mineworkers (NUM) said on Friday. The NUM source earlier said its members were demanding as much as 12% but... 

Eskom ups pay rise offer to 6.7%, NUM says ready to strike

Troubles at SAA helping to drive local businesses to budget airlines

By: Rebecca Campbell     6th July 2018 Business travel sources have reported that troubled State-owned national carrier South African Airways (SAA) has slashed the discounts it gives to corporations for business travel. Furthermore, the airline’s cutbacks on certain routes have also adversely affected major businesses. The consequence... 

Sars kicks off tax season with charter outlining taxpayers' rights

By: News24Wire      2nd July 2018 The South African Revenue Service (Sars) is taking steps to improve the service delivered to taxpayers with the release of the Service Charter which outlines taxpayers’ rights and responsibilities as well as service standards they can expect from the agency. Acting Sars commissioner Mark Kingon... 

 Sars kicks off tax season with charter outlining taxpayers' rights

Restoring the credibility of Sars critical – Nene

By: African News Agency      2nd July 2018 As the annual tax filing season opened, Finance Minister Nhlanhla Nene on Monday said government was deeply committed to stabilising the South African Revenue Service (Sars) to a credible operation and making sure it met collection targets. "There can be no mission more important than stabilising... 

 Restoring the credibility of Sars critical – Nene
Photo by Bloomberg
Finance Minister Nhlanhla Nene

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

Radebe says labour cannot be 'left behind' in energy transition
Photo by Dylan Slater
Energy Minister Jeff Radebe

Latest News

more

Latest Videos

more

Projects

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close