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State Companies News

SA revenue service special voluntary disclosure programme reaches R3.3bn mark

By: African News Agency      8th March 2018 The South African Revenue Service (Sars) said on Thursday it had entered into payment agreements through its Special Voluntary Disclosure Programme with non-compliant taxpayers who owe it over R3.3-billion in tax liabilities through unauthorised foreign assets and income. Sars said such taxpayers... 

State capture inquiry team announced

By: African News Agency      7th March 2018 Chair of State capture commission of inquiry Deputy Chief Justice Raymond Zondo on Wednesday announced key appointments to the inquiry, which included former auditor general Terence Nombembe. Nombembe, who is now chief executive of the South African Institute of Chartered Accountants, will head a... 

 State capture inquiry team announced
Deputy Chief Justice Raymond Zondo

DoE says renewable energy receiving ‘urgent attention’, Minister to brief the media on REIPPPP on Thursday 

By: Kim Cloete     7th March 2018 The Department of Energy (DoE) has promised that the signing of the outstanding power purchase agreements with renewable energy independent power producers (IPP) is receiving “very urgent attention” and would happen soon. Director General of the DoE Thabane Zulu on Tuesday told Parliament’s... 

DoE says renewable energy receiving ‘urgent attention’, Minister to brief the media on REIPPPP on Thursday
Photo by Creamer Media
IPP Office head Karen Breytenbach

Malusi Gigaba given 10 days to prepare for Eskom Inquiry

By: News24Wire      7th March 2018 Home Affairs Minister Malusi Gigaba has 10 days to prepare for his appearance before the Eskom Inquiry. Gigaba was scheduled to appear before the portfolio committee on public enterprises on Tuesday, but sent a letter to the chair Zukiswa Rantho on Friday March 2, requesting an extension. 

Malusi Gigaba given 10 days to prepare for Eskom Inquiry
Photo by Bloomberg
Home Affairs Minister Malusi Gigaba

ANC to re-table motion to fully nationalise SARB 

By: News24Wire      7th March 2018 The African National Congress (ANC) intends to re-table a Parliamentary motion to nationalise the South African Reserve Bank (SARB) by doing away with its private shareholders. On Tuesday, just hours before it was set to be heard, the ANC withdrew its initial motion to debate the nationalisation... 

 ANC to re-table motion to fully nationalise SARB

South Africa catching up with global energy transition – SAWEA

By: Marleny Arnoldi     6th March 2018 To grow its green economy industrial base and benefit from the continued decline in renewable prices achieved globally, the South African Wind Energy Association (SAWEA) suggests South Africa should urgently restart its large-scale renewables industry, which has been stalled over the past three... 

South Africa catching up with global energy transition – SAWEA
Renewables are becoming cheaper than thermal generation technologies

ANC withdraws motion to debate nationalisation of SARB

By: News24Wire      6th March 2018 An African National Congress (ANC) Parliamentary motion to debate the nationalisation of the South African Reserve Bank (SARB) has been withdrawn, to allow the party to consult further on the matter within its structures and with key stakeholders. The debate was set to take place in Parliament on... 

 ANC withdraws motion to debate nationalisation of SARB

Undoing State capture in South Africa will face stiff resistance, sabotage – Gordhan 

By: African News Agency      6th March 2018 Public Enterprises Minister Pravin Gordhan on Tuesday said the new political dispensation in South Africa and the reversal of the “bad things” which led to the capture of key state institutions by private interests will be regularly opposed by the beneficiaries of the corruption. “I think we all... 

Undoing State capture in South Africa will face stiff resistance, sabotage – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Eskom still studying Nersa report warning of utility ‘death spiral’ 

By: Terence Creamer     5th March 2018 State-owned electricity utility Eskom says it is still studying the reasons for decision (RfD) advanced by the National Energy Regulator of South Africa (Nersa) for restricting its 2018/19 tariff increase to 5.23%, as opposed to the 19.9% hike sought, and would “decide on the way forward... 

Eskom still studying Nersa report warning of utility ‘death spiral’

Khusela Diko is Ramaphosa’s new spokesperson

By: Sane Dhlamini     2nd March 2018 The Presidency on Friday announced that Khusela Diko would become spokesperson to President Cyril Ramaphosa from March 12. In a statement from the Presidency, Diko is described as a seasoned communicator and marketing professional who was, until recently, the African National Congress’s (ANC’s)... 

Khusela Diko is Ramaphosa’s new spokesperson
President's spokesperson Khusela Diko

Executive aviation terminal at OR Tambo airport now handling international flights

By: Rebecca Campbell     2nd March 2018 The Fireblade Aviation Fixed-Base Operations (FBO) terminal at Johannesburg’s OR Tambo International Airport handled its first international flight last week, the company reported on Tuesday. A FBO is a private air terminal, to cater for VIP and VVIP passengers, flying into, out of and within a... 

Long-suffering SA manufacturing sector hoping to reap Ramaphosa dividend

By: Dylan Slater     2nd March 2018 Prior to the Valentine’s Day resignation of now former President Jacob Zuma, popular industry sentiment pointed towards a better year in terms of manufacturing and gross domestic product (GDP) on the back of a recovering commodities market.  

Long-suffering SA manufacturing sector  hoping to reap Ramaphosa dividend

Lynne Brown resigns as ANC MP

By: News24Wire      1st March 2018 The African National Congress (ANC) announced on Thursday that former public enterprises minister Lynne Brown has resigned as a Member of Parliament for the party. Brown was removed from her position in Cabinet in President Cyril Ramaphosa's reshuffle on Monday night. 

Lynne Brown resigns as ANC MP
Photo by Duane Daws
Former Public Enterprises Minister Lynne Brown

TNPA calls for new entrants into South Africa's ports

By: Simone Liedtke     28th February 2018 Attracting new entrants that meet broad-based black economic empowerment (BBBEE) requirements is critical in order to meet State-owned company Transnet's National Ports Authority (TNPA) mandate as a change agent for several business opportunities in the private sector pipeline. Owing to this,... 

Eskom signs a $2bn short-term loan with seven lenders

By: Reuters     28th February 2018 South Africa's State-run power utility Eskom said on Wednesday it has signed a R20-billion ($2-billion) short-term credit facility with a consortium of seven local and international banks. "The funding provides Eskom with sufficient liquidity to allow the company time to continue resolving its... 

New power generation exemption framework creates fresh hurdles for IPPs

By: Terence Creamer     28th February 2018 A warning has been sounded that recent amendments to the Electricity Regulation Act relating to licence exemptions for generation plants could create further impediments to the deployment of private generation facilities. Titled ‘Licensing Exemption and Registration Notice’, the amendment was... 

New power generation exemption framework creates fresh hurdles for IPPs

Sars pays over R205bn in tax refunds

By: African News Agency      28th February 2018 The South African Revenue Service (Sars) said on Wednesday that it has paid over R205-billion in refunds across all tax types in the past 10-and-a-half months. Sars said that the payout to individuals and companies, from the beginning of the financial year on 1 April 2017 to 9 February 2018,... 

Sars pays over R205bn in tax refunds

Dudu Myeni a no show at Eskom inquiry

By: African News Agency      28th February 2018 Former South African Airways chairperson Dudu Myeni, who has been named in the inquiry as being one of the people who interferred in the affairs of Eskom, was a no show at a parliamentary inquiry on Wednesday. Myeni, a close ally of former president Jacob Zuma, was meant to testify at the inquiry... 

 Dudu Myeni a no show at Eskom inquiry
Former SAA chairperson Dudu Myeni

Aarto Amendment Bill too broken to be fixed – Dembovsky

By: Nadine James     28th February 2018 The Administrative Adjudication of Road Traffic Offence (Aarto) Amendment Bill is unconstitutional and will inevitably be challenged once signed into law, Justice Project South Africa chairperson Howard Dembovsky told a National Press Club briefing on Tuesday. He stated that, in addition to being... 

Sars welcomes back Nhlanhla Nene as finance minister

By: African News Agency      27th February 2018 Tom Moyane, the Commissioner for the South African Revenue Services (Sars), on Tuesday welcomed and congratulated Nhlanhla Nene in his re-appointment as the new finance minister. Nene was re-appointed in a Cabinet reshuffle announced by President Cyril Ramaphosa at the Union Buildings on Monday... 

Sars welcomes back Nhlanhla Nene as finance minister
Photo by Duane Daws
Finance Minister Nhlanhla Nene

Study launched into economic impact of possible EV transition in South Africa 

By: Terence Creamer     23rd February 2018 A macroeconomic study into the impact of a possible transition in the South African transport market from internal combustion engine (ICE) vehicles to electric vehicles (EVs) has been launched. Initially proposed by the Department of Trade and Industry (DTI), the study is backed by the South... 

Study launched into economic impact of possible EV transition in South Africa

New Joburg–Musina passenger train service launched 

By: African News Agency      23rd February 2018 South African transport minister Joe Maswanganyi on Friday launched a new passenger train service between Johannesburg and Musina for long distance-travelers to commute directly between Gauteng and Limpopo. At the official launch at Johannesburg Park Station, Maswanganyi said that the intention... 

Competition Commission prohibits Airlink-Safair merger, companies to challenge ruling

By: African News Agency      23rd February 2018 The Competition Commission on Friday said that it prohibited the proposed merger between SA Airlink and Safair Operations because the transaction was likely to result in a substantial prevention of competition. SA Airlink is the largest independent regional airline in southern Africa and operates... 

Union threatens protest action at defence group Denel 

By: Rebecca Campbell     23rd February 2018 Trade union Solidarity warned on Friday that its members at State-owned defence industrial group Denel were ready to start protesting at the company. This follows the response by Public Enterprises Minister Lynne Brown to a recent urgent letter to her from Solidarity about, in the union’s words,... 

Union threatens protest action at defence group Denel
Photo by Keith Campbell/Creamer Media
Various Denel products on display at the Group’s Head Office in Centurion, south of Pretoria. From front to rear, a portable launcher for the Ingwe missile, an Ingwe missile, a Badger infantry fighting vehicle, a Seeker 400 unmanned aerial vehicle (largely obscured), and a Casspir mine protected vehicle.

Planning commission outlines case for Eskom split in new energy document 

By: Terence Creamer     23rd February 2018 The National Planning Commission (NPC) has released a new discussion document on the energy sector, which reinforces the National Development Plan’s (NDP’s) “explicit” requirement for the system operations, planning, power procurement, purchasing and contracting functions within Eskom to be... 

Planning commission outlines case for Eskom split in new energy document

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian  

By: News24Wire      23rd February 2018 The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

 Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Portfolio Committee asks DMR to intervene at Optimum mine

By: Anine Kilian     23rd February 2018 The Portfolio Committee on Mineral Resources has called on the Department of Mineral Resources (DMR) to intervene at the Gupta-owned Optimum coal mine and “establish with certainty” the future of the mine. Power utility Eskom late on Thursday confirmed that the mine, which supplies coal to its... 

Portfolio Committee asks DMR to intervene at Optimum mine

Ramaphosa must fire Brown 'immediately' – DA

By: News24Wire      23rd February 2018 The Democratic Alliance (DA) on Thursday said it was vindicated by the Public Protector's finding that Public Enterprises Minister Lynne Brown was guilty of misleading Parliament after she failed to disclose business dealings between Gupta-linked Trillian and Eskom. Natasha Mazzone, DA public... 

Ramaphosa must fire Brown 'immediately' – DA
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Nuclear corporation, and country, hit hard by safety shut of radioisotope maker

By: Rebecca Campbell     23rd February 2018 The safety compliance failures at NTP Radioisotopes, a wholly-owned subsidiary of the State-owned South African Nuclear Energy Corporation (Necsa), has created a crisis within the parastatal and for the country’s nuclear medicine community and its patients. Necsa shut down operations at NTP in... 

South African nuclear group in tight financial situation, but optimistic about recovery

By: Rebecca Campbell     23rd February 2018 The South African Nuclear Energy Corporation (Necsa) is currently facing financial pressures, confirms the State-owned group’s Chief Executive, Phumzile Tshelane to “Engineering News”. “At the moment, Necsa is under financial stress, because [subsidiary] Pelchem is loss-making and we need to... 

A major local aerospace industry development initiative is coming back to life

By: Rebecca Campbell     23rd February 2018 The Centurion Aerospace Village (CAV), an initiative of the Department of Trade and Industry (DTI) is being revitalised after spending some years in the doldrums. The initiative dates back to 2006 and was formally opened in 2008, but to date has only had one tenant, local aeronautics enterprise... 

Koko says he is 'moving on', despite Eskom court victory

By: News24Wire      22nd February 2018 The Labour Court on Wednesday ruled in favour of controversial former Eskom executive Matshela Koko, but he said it was too little too late and that he has already moved on. Judge Graham Moshoana ruled that Eskom’s attempt to fire Koko, based on a directive from then Deputy President Cyril... 

Koko says he is 'moving on', despite Eskom court victory
Photo by Duane Daws
Former Eskom executive Matshela Koko

Sars vows to collect on R2.6-billion additional revenue target

By: African News Agency      22nd February 2018 Tom Moyane, the Commissioner for the South African Revenue Service (Sars), on Thursday committed the revenue authority to achieving an increased revenue target for the 2017/18 financial year. This comes after finance minister Malusi Gigaba on Wednesday increased the anticipated revenue that has... 

Sars vows to collect on R2.6-billion additional revenue target
Photo by Duane Daws
Sars commissioner Tom Moyane

SAWEA welcomes govt’s commitment to renewables

By: Megan van Wyngaardt     22nd February 2018 The South African Wind Energy Association (SAWEA) on Thursday appealed to President Cyril Ramaphosa, as well as to the Finance, Energy and Public Enterprises Ministers to ensure the setting of a firm date for concluding power purchase agreements (PPAs) for duly procured renewable energy, by no... 

Transnet delivering on its Africa strategy

By: Simone Liedtke     22nd February 2018 State-owned Transnet's Diaspora Infrastructure Development Group (DIDG) Consortium on Wednesday delivered rolling stock to the National Railways of Zimbabwe (NRZ) to strengthen regional integration, trade and the recapitalisation of the Zimbabwean railway programme. This transaction between a... 

Inside Metrorail’s cable theft and commuter crisis

By: News24Wire      22nd February 2018 Brazen thieves, who have effectively brought a critical rail route in Cape Town to a standstill for nearly six weeks, leaving thousands of commuters in the lurch, have become the focus of intense and unprecedented operations to squeeze out criminals who target beleaguered Metrorail's... 

Land and asset sales on cards as government seeks revenue-neutral support for State firms

By: Terence Creamer     21st February 2018 Finance Minister Malusi Gigaba used his maiden Budget to reinforce President Cyril Ramaphosa’s recent announcement that stakes in cash-strapped State-owned companies (SoCs) could be sold to reduce their reliance on bail-outs and debt. Ramaphosa made the announcement in his response to the debate... 

Land and asset sales on cards as government seeks revenue-neutral support for State firms

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