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State Companies News

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... 

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

Gordhan gets tough on 'largely captured' State entities

By: News24Wire      2nd May 2018 Minister of Public Enterprises Pravin Gordhan told Parliament on Wednesday that his department would hold parastatals on a much shorter leash as they recover from what he called “the phenomenon of State capture”. Among others, he said, captains of South Africa’s State-owned enterprises would have... 

 Gordhan gets tough on 'largely captured' State entities
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

Kubayi-Ngubane to unveil Mandela Mining Precinct

By: Nadine James     30th April 2018 Science and Technology Minster Mmamoloko Kubayi-Ngubane will deliver the keynote address at the launch of the Mandela Mining Precinct, a Mining Phakisa initiative aimed at reviving South Africa’s flagging mining sector, on May 4. The Mandela Mining Precinct is aimed at supporting local... 

Kubayi-Ngubane to unveil Mandela Mining Precinct
MMAMOLOKO KUBAYI-NGUBANE The minister will be joined by the Ministers of Mineral Resources, Trade and Industry and Planning, Monitoring and Evaluation

Unions at odds over SAA business rescue

By: Rebecca Campbell     27th April 2018 Trade union Solidarity believes that business rescue is the only way that jobs can be saved at embattled State-owned national flag-carrier South African Airways (SAA) and the company put back on a sustainable footing. This was made clear at the media briefing at the union's head office on... 

New association aims to raise level of debate on energy economics in South Africa

By: Terence Creamer     26th April 2018 A new independent professional organisation was launched in Pretoria on Thursday with the aim of raising the level of research and debate on energy economics in South Africa, where policy and regulatory uncertainty remain a major constraint to investment. Named the South African Association for... 

New association aims to raise level of debate on energy economics in South Africa
Photo by Dylan Slater
SAAEE president Professor Roula Inglesi-Lotz

Global wind body sees South African market returning to ‘full health’ in 2018

By: Terence Creamer     25th April 2018 The Global Wind Energy Council (GWEC) expects the South African wind market to return to “full health” in the coming year, following more than two years of uncertainty. The council’s latest Global Wind Report, which deals with market developments for 2017, notes that the South African renewable... 

Global wind body sees South African market returning to ‘full health’ in 2018

South African Airways says it needs capital injection 'now' 

By: Reuters     24th April 2018 South African Airways (SAA) needs a new capital injection "now" to stay afloat and is in discussions with banks and the National Treasury for "an open credit line", its chief executive said on Tuesday. State-owned SAA, which has not generated a profit since 2011, is regularly cited by ratings... 

South African Airways says it needs capital injection 'now'

Agreement opens way for R1.8bn oil services hub at Saldanha port

By: Terence Creamer     23rd April 2018 A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and... 

Agreement opens way for R1.8bn oil services hub at Saldanha port
Port of Saldanha

South African air traffic controller elected VP of global ATC representative body

By: Rebecca Campbell     23rd April 2018 Air Traffic and Navigation Services, the State-owned company that is responsible for South Africa’s air traffic management, announced on Sunday that its Area Radar Controller at OR Tambo International Airport (Johannesburg), Peter van Rooyen, had been elected Executive VP of the International... 

Sars introduces electronic reporting requirements for customs clients

By: African News Agency      20th April 2018 The South African Revenue Service (Sars) said on Friday it would at the weekend introduce a new electronic cargo reporting system to track the movement of cargo into and out of the country. Sars said the paperless system would bring an end to one of its last remaining paper-based processes and... 

Sars introduces electronic reporting requirements for customs clients

New Denel board faces tough turnaround task as financial pressure mounts

By: Rebecca Campbell     20th April 2018 Public Enterprises Minister Pravin Gordhan recently announced the completely new, high-powered, Board to turn-around beleaguered State-owned defence industrial group Denel. Technically, it is currently an interim Board, he explained, because it had not yet been approved by the Cabinet. He... 

Salga voices concern about impact of possible higher electricity tariffs on municipalities

By: Marleny Arnoldi     19th April 2018 During public hearings being held to enable the National Energy Regulator of South Africa (Nersa) to determine whether to allow power utility Eskom to recoup R66.6-billion under the Regulatory Clearing Account (RCA) mechanism, the South African Local Government Association (Salga) has expressed... 

Rand recovery double-edged sword, land must be shared – Ramaphosa 

By: Reuters     18th April 2018 President Cyril Ramaphosa said on Wednesday the rebound in the country's currency, the rand, had both positive and negative effects but wasn't quite complete. "It is a double-edged sword," Ramaphosa said in a interview with Bloomberg television. "It reflects the level of confidence that the world... 

Rand recovery double-edged sword, land must be shared – Ramaphosa
President Cyril Ramaphosa

Solidarity gives Brian Molefe Friday deadline to pay back the money

By: African News Agency      18th April 2018 Trade union Solidarity has given former Eskom chief executive Brian Molefe until Friday 11am to pay back the money he unlawfully received from the power utility as part of the R30-million pension payout granted to him. On Tuesday, Molefe lost his court bid to appeal a January high court judgement... 

 Solidarity gives Brian Molefe Friday deadline to pay back the money
Former Eskom CEO Brian Molefe

Nersa public hearings into Eskom’s RCA applications get under way 

18th April 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the first round of public hearings held by the National Energy Regulator of South Africa to determine whether or not to grant Eskom’s applications to recover R66.6-billion in cost and sales variances. 

Nersa public hearings into Eskom’s RCA applications get under way
Nersa public hearings into Eskom’s RCA applications get under way

SAA awarded 4-Star Skytrax ranking for 16th consecutive year

By: Marleny Arnoldi     17th April 2018 South African Airways (SAA) has maintained a 4-Star Skytrax ranking, in both business and economy class, for a sixteenth consecutive year.  

SAA awarded 4-Star Skytrax ranking for 16th consecutive year
South African Airways' A330-300 airbus

Everything a priority at PRASA except safe rail transport – Nzimande

By: African News Agency      17th April 2018 Transport Minister Blade Nzimande on Tuesday conceded to MPs that safe rail transport for the working class was low on the list of priorities for the Passenger Rail Agency of South Africa (PRASA), but vowed this would change. Briefing MPs on his department's annual performance plan, Nzimande said... 

Molefe loses court bid to appeal pay back pension ruling

By: News24Wire      17th April 2018 The North Gauteng High Court on Tuesday dismissed an application by former Eskom CEO Brian Molefe for leave to appeal a ruling that he pay back the part of his pension payout he already received. Judge Elias Matojane said based on the submission presented to the court "we are of the view that... 

Outa calls for Eskom turnaround before tariff hikes are granted  

By: Kim Cloete     17th April 2018 Eskom should first implement a turnaround strategy before the National Energy Regulator of South Africa (Nersa) considers granting it a tariff hike, says the Organisation for Undoing Tax Abuse (Outa). “Eskom leadership must institute stringent measures to recoup the billions of rands siphoned out... 

Cosatu strongly rejects Eskom’s appeal for more money

By: Kim Cloete     16th April 2018 The Congress of South African Trade Unions (Cosatu) has rejected Eskom’s appeal to the National Energy Regulator of South Africa (Nersa) to recover its costs in the provision of electricity, calling it “unaffordable, unreasonable and unjustifiable”. “We have no faith in Eskom. We completely... 

Detailed design phase for R200m Durban cruise terminal to start this month

By: Shirley le Guern     16th April 2018 Transnet National Ports Authority and the KwaZulu Cruise Terminal (KCT) consortium on Monday officially signed an agreement that will see the construction of a R200-million-plus cruise terminal at the entrance to the Port of Durban.   The consortium, which is 70% owned by MSC Cruises, the largest... 

Detailed design phase for R200m Durban cruise terminal to start this month

State-owned model leaves commercial airlines struggling to compete

By: Marleny Arnoldi     12th April 2018 South Africa has missed out on opportunities in key air travel markets, owing to its reliance on a dominant national carrier and State-owned airports, an executive of privately-owned Lanseria International Airport, north of Johannesburg, said on Thursday. Lanseria operations deputy executive... 

Eskom outlines case for R67bn clawback amid tariff-hike hostility

By: Terence Creamer     12th April 2018 State-owned electricity group Eskom has expressed confidence that its three applications to recoup nearly R67-billion through the Regulatory Clearing Account (RCA) mechanism will succeed, stressing that its submissions are fully aligned to the most recent RCA decision made in 2016 for the 2013/14... 

Eskom outlines case for R67bn clawback amid tariff-hike hostility

Trade union Solidarity believes business rescue essential to save SAA; other unions strongly disagree

By: Rebecca Campbell     12th April 2018 Trade union Solidarity believes that business rescue is the only way that jobs can be saved at embattled State-owned national flag-carrier South African Airways (SAA) and the company put back on a sustainable footing. This was made clear at the media briefing at the union's head office on... 

Trade union Solidarity believes business rescue essential to save SAA; other unions strongly disagree

Eskom considers sale of mortgage business

By: Reuters     12th April 2018 South Africa's state power utility Eskom is sounding out possible buyers for its mortgage business, a tender document showed on Wednesday, in what would be the first major privatisation deal under President Cyril Ramaphosa. Ramaphosa has made revamping state-owned firms like Eskom a top priority... 

Rand Water threatens to cut water to Emfuleni municipality over R419m debt

By: News24Wire      11th April 2018 Rand Water has announced that it will once again reduce the bulk water supply to the Emfuleni Local Municipality after it failed to reach a settlement on the payment of the municipality's R419-million debt. Rand Water's Justice Mohale said in a statement on Wednesday that the entity was taking... 

Home Affairs vows to tackle long queues

By: Thabi Madiba     10th April 2018 Home Affairs Minister Malusi Gigaba on Tuesday directed his department to prepare a comprehensive report and strategy that will deal with managing long queues at Home Affairs branches across the country. Gigaba said this was high priority as the department remained committed to delivering high... 

Home Affairs vows to tackle long queues
Photo by Reuters
Home Affairs minister Malusi Gigaba

‘High priority’ IRP update to be published soon

By: Terence Creamer     10th April 2018 Department of Energy (DoE) director-general Thabane Zulu says the updated Integrated Resource Plan (IRP) is undergoing a final set of processes and consultations, as stipulated by Cabinet in December, before being published in the Government Gazette. Speaking at the Africa Power Roundtable in... 

‘High priority’ IRP update to be published soon
Photo by Dylan Slater
Department of Energy director-general Thabane Zulu

Gordhan appoints new Denel interim board

By: Rebecca Campbell     9th April 2018 Public Enterprises Minister Pravin Gordhan on Monday announced a completely new, high-powered, board to turn around beleaguered State-owned defence industrial group Denel. Technically, it is currently an interim board, he explained, because it had not yet been approved by the Cabinet. He... 

Gordhan appoints new Denel interim board
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

Trade union to seek to put SAA into business rescue

By: Rebecca Campbell     9th April 2018 Trade union Solidarity announced on Sunday that it was to start court proceedings to place State-owned and financially very troubled national carrier South African Airways (SAA) under business rescue. In an open letter to President Cyril Ramaphosa, Finance Minister Nhlanhla Nene and Public... 

Trade union to seek to put SAA into business rescue

Ramaphosa refers Eskom allegations to Special Investigating Unit

By: News24Wire      6th April 2018 President Cyril Ramaphosa referred allegations of mismanagement and graft at state power utility Eskom and rail and ports group Transnet to the Special Investigating Unit (SIU). The SIU, which probes corruption and maladministration in the government, must include “any alleged serious... 

 Ramaphosa refers Eskom allegations to Special Investigating Unit
President Cyril Ramaphosa

WWF welcomes energy minister signing renewable energy contracts

By: African News Agency      5th April 2018 The World Wide Fund for Nature (WWF) on Thursday applauded South African Energy Minister Jeff Radebe's signing off of a R56-billion contract with Independent Power Producers (IPPs). Radebe on Wednesday signed the hotly-contested renewable energy agreements with 27 independent power producers on... 

WWF welcomes energy minister signing renewable energy contracts
Energy Minister Jeff Radebe

Radebe says signing of 27 IPP agreements a ‘new dawn’ for renewables in South Africa

By: Terence Creamer     4th April 2018 Agreements opening the way for the construction of 27 renewable-energy independent power producer (IPP) projects, with a combined investment value of R56-billion and a combined capacity of 2 300 MW, were finally signed on Wednesday April 4, after a confidence-sapping delay of over two years. At... 

Radebe says signing of 27 IPP agreements a ‘new dawn’ for renewables in South Africa
Photo by Dylan Slater
Energy Minister Jeff Radebe

SoE governance, operating models under the spotlight 

4th April 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the shift in conversation away from only focusing on governance problems at State-owned enterprises (SoEs) to also include discussions on the operating models of these entities and particularly for Eskom and... 

SoE governance, operating models under the spotlight
SoE governance, operating models under the spotlight

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