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Gordhan’s IPP renegotiation proposal triggers ‘breach of contract’ warnings 

By: Terence Creamer     15th February 2019 A report indicating that the South African government may seek to renegotiate power purchase agreements (PPAs) concluded with independent power producers (IPPs) in 2011 and 2012 is raising alarm bells within the industry, which is still recovering from a protracted period of uncertainty created... 

Harmony Gold and DRDGold make headlines  

15th February 2019 Mining Weekly editor Martin Creamer unpacks Harmony Gold rising to President Cyril Ramaphosa's ten-point mining challenge, DRDGold calling Eskom’s grid upkeep problematic and, Harmony looking to solar power and biofuel energy.   

'South Africans must take climate change seriously' – Ramaphosa

By: News24Wire      15th February 2019 It is time for South Africans to take climate change seriously, said President Cyril Ramaphosa on Thursday in his response to the debate on his State of the Nation Address. He said if South Africa is a country that prioritises the interests of the poor and the vulnerable, then we need to act with... 

Resources Watch  

14th February 2019 Working together can deliver mining’s massive benefits; De Beers to spend R30m on diamond exploration this year; and, Ramaphosa challenges mining to take ten value-adding steps 

Ramaphosa sets up cabinet committee to manage Eskom daily

By: African News Agency      14th February 2019 President Cyril Ramaphosa said a special cabinet task team has been established to deal with the Eskom crisis and provide him with reports daily on the State of the power grid and "what actions need to be taken to ensure energy supply". Responding to the debate on the State of the nation address,... 

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling 

By: Terence Creamer     14th February 2019 President Cyril Ramaphosa acknowledged on Thursday that there had been insufficient consultation with labour on government’s plan to unbundle Eskom into three separate companies, but he also stressed that the proposed restructuring would not result in privatisation. In his response to the debate... 

Ramaphosa rules out any privatisation of Eskom

By: African News Agency      14th February 2019 President Cyril Ramaphosa on Thursday emphatically ruled out privatising any part of Eskom as government moves to split the struggling power utility into three separate entities. In reply to the parliamentary debate on his state of the nation address, Ramaphosa urged critics of the plan to... 

2019 Budget will present South Africa with ‘a path of hope’ – PwC 

By: Simone Liedtke     13th February 2019 With Finance Minister Tito Mboweni scheduled to deliver the 2019 Budget Speech, in Cape Town, on February 20, expectations are high as the country waits to hear how he plans to balance competing expenditure priorities to stimulate economic growth, in spite of fiscal consolidation measures. In the... 

South Africa a step closer to new driver's licence demerit system

By: News24Wire      13th February 2019 Parliament's Portfolio Committee on Transport approved amendments to the Administrative Adjudication of Road Traffic Offences (Aarto) Bill, bringing the country a step closer to a point demerit system for traffic infringements by drivers. While DA MPs are keen to see the demerit system... 

Shifting R100bn in Eskom debt to government will have ‘dire’ economic consequences 

By: Terence Creamer     13th February 2019 Amid confirmation that Eskom is technically insolvent and will require a capital injection by April to remain a going concern, a leading economist is cautioning against the proposed transfer of R100-billion of the utility’s debt to government’s balance sheet. Instead, Standard Bank chief... 

Survey still points to stifled trade environment in 2019 – Sacci  

By: Marleny Arnoldi     13th February 2019 Seventy per cent of respondents to the South African Chamber of Commerce and Industry’s (Sacci’s) trade conditions survey for January were negative about trade conditions. The Trade Activity Index (TAI), at 30 in January, was at its lowest level since inception of the survey in 2000. The prior... 

South Africa not planning to privatise Eskom after split – Gordhan

By: Reuters     13th February 2019 South Africa is not planning to privatise embattled power utility Eskom after the firm is split into three separate entities of generation, transmission and distribution, Public Enterprises Minister Pravin Gordhan said on Wednesday. "At no stage has the president said, or the government... 

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan  

By: Terence Creamer     12th February 2019 The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA), in which he announced that the utility would be split, under Eskom Holdings, into three... 

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge  

By: Martin Creamer     12th February 2019 Harmony Gold CEO Peter Steenkamp is rising to President Cyril Ramaphosa’s ten point mining challenge by striving to pay meaningful social dividends across a broad front and answering the call to beneficiate, which is no mean feat when it comes to gold. The executive head of the million-ounce-plus... 

Eskom blames new-plant faults as South Africa blackouts continue

By: Bloomberg     12th February 2019 Struggling power utility Eskom started a third day of power outages, blaming issues including failures at two huge new power stations that are also the main source of the company’s massive debt. Eskom on Tuesday implemented rotational power cuts of 3 000 MW. The utility Monday resorted to the... 

Ramaphosa says Eskom power cuts 'most worrying'

By: Reuters     12th February 2019 South Africa's president Cyril Ramaphosa said on Monday the prospect of more power cuts by utility Eskom were "most worrying". The cash-strapped company warned of wider controlled power cuts on Monday after six additional generating units unexpectedly went offline. 

Load-shedding moves from Stage 2 to Stage 4 

By: News24Wire      11th February 2019 Eskom announced on Monday afternoon that load shedding would move from Stage 2 to Stage 4 from 13:00.  The rotational power cuts are expected to continue until 22:00.  

President initiates remedial action on Mogajane appointment

By: News24Wire      11th February 2019 The Presidency has informed the Office of the Public Protector that President Cyril Ramaphosa has initiated remedial action in line with the report of the Public Protector on the appointment of National Treasury Director General Dondo Mogajane.   On 18 December 2018, the Public Protector issued a... 

Business, industry comment on positives, negatives of SoNA 2019 

By: Marleny Arnoldi     8th February 2019 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) and many other industry bodies and companies have welcomed President Cyril Ramaphosa’s State of the Nation Address (SoNA), which was delivered on Thursday evening. His war on corruption and focus on economic growth,... 

Industry shares sentiments on Eskom, energy landscape following SoNA 

By: Marleny Arnoldi     8th February 2019 Following President Cyril Ramaphosa’s State of the Nation Address (SoNA) on Thursday evening, Business Unity South Africa (Busa) said it concurred on the urgent need to implement an effective turnaround strategy at Eskom.  The organisation also welcomed the general thrust of policies mapped out... 

Investec says Sona focused on reviving growth with enhanced policy certainty 

By: African News Agency      8th February 2019 Investec economist Kamilla Kaplan said on Friday that President Cyril Ramaphosa's State of the Nation address (Sona) reaffirmed the key economic policy objective of reviving fixed investment rates in a bid to place the economy on a sustainable faster economic growth path. Ramaphosa's Thursday... 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

Ramaphosa confirms Eskom restructuring 

8th February 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about President Cyril Ramaphosa’s confirmation that power utility Eskom will be split into three independent entities, what this will mean for the utility and its customers, and if it will be enough to put Eskom on... 

Ramaphosa floundering on job creation, says IRR

By: African News Agency      8th February 2019 The south African Institute of Race relations (IRR) said on Thursday that it found President Cyril Ramaphosa’s State of the Nation Address was floundering especially on the creation of jobs.  Dr Frans Cronje, IRR chief executive, said their research demonstrated a close relationship between... 

Minerals council applauds Ramaphosa's focus on improving ease of doing business

By: African News Agency      8th February 2019 The Minerals Council South Africa on Friday applauded President Cyril Ramaphosa’s emphasis on improving the ease of doing business in the country during his annual address in Parliament on the state of the nation. The council also welcomed Ramaphosa's commitment to fighting corruption and state... 

Action louder than words

By: Terence Creamer     8th February 2019 Organised business is responding positively and proactively to President Cyril Ramaphosa’s decision to place higher growth at the heart of his Presidency, which is all but certain to continue beyond the upcoming elections. Under the aegis of the Public-Private Growth Initiative (PPGI), 19 sectors... 

GO FOR GROWTH

By: Terence Creamer     8th February 2019 The greater sense of cohesion between government and business in South Africa was on visible display at Business Unity South Africa’s indaba in Johannesburg last week. President Cyril Ramaphosa used the platform to declare growth as his number one priority. The growth theme was echoed and... 

Ramaphosa promises ‘meaningful consultation’ as he confirms split of Eskom into three units 

By: Terence Creamer     7th February 2019 President Cyril Ramaphosa confirmed on Thursday that South Africa’s embattled State-owned electricity producer would be split, under Eskom Holdings, into three separate entities – generation, transmission and distribution – in an effort to bring credibility to the turnaround of the utility and to... 

Policy and Regulatory Framework for South Africa’s Mining Industry - Looking ahead

By: Creamer Media Reporter      7th February 2019 There’s never been a more pertinent time to reflect on the current landscape of the mining industry in South Africa than now. The year 2018 was an eventful year for the mining industry. The year saw the election of Cyril Ramaphosa as the new President of the ruling African National Congress (ANC)... 

Business confidence index ‘virtually unchanged’ from December 

By: Simone Liedtke     6th February 2019 The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) remained “virtually unchanged” at 95.1 index points in January, compared with the 95.2 points recorded for December 2018. The BCI was, however, 4.6 index points lower than the 99.7 recorded in January... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

SA business confidence flat amid little real economic progress – Sacci 

By: African News Agency      6th February 2019 Confidence among South African businesses remained virtually unchanged in January compared to December as the optimism that greeted President Cyril Ramaphosa's inauguration a year ago continues to wane, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci's)... 

Minerals Council welcomes President’s statements at Mining Indaba

By: Tasneem Bulbulia     6th February 2019 The Minerals Council South Africa has welcomed the statements made by President Cyril Ramaphosa during his address at the Investing in African Mining Indaba, in Cape Town, on Tuesday. The Minerals Council said the President had, throughout his address, echoed the sentiments expressed by Mineral... 

South Africa to unveil Eskom support package in coming days – Ramaphosa

By: Reuters     5th February 2019 South Africa will in the coming days unveil a package of measures to shore up State-owned Eskom's finances and address structural issues facing the struggling power firm, President Cyril Ramaphosa said on Tuesday. "In the coming few days we will be announcing a package of measures to stabilise as... 

Ramaphosa challenges mining to take ten value-adding steps   

By: Martin Creamer     5th February 2019 President Cyril Ramaphosa on Tuesday challenged the mining industry to take ten value-adding steps to hoist the industry into a potent new orbit across the entire continent. Addressing the Investing in African Mining Indaba, the president said he wished to issue a challenge against the background... 

SA mining is a sunrise industry – Ramaphosa 

By: African News Agency      5th February 2019 President Cyril Ramaphosa said on Tuesday that the mining industry in South Africa is not a sunset industry, rather it is a sunrise industry.  Speaking on the second day on the 25th annual Investing in African Mining Indaba in Cape Town, Ramaphosa said government recognised the important role... 

Energy megaprojects on South Africa's radar as utility falters

By: Bloomberg     5th February 2019 South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion... 

Corruption over the past years crippled mining sector – Minerals Council

By: African News Agency      5th February 2019 The damage that was done to South Africa's economy over the past nine years before Cyril Ramaphosa became President has had huge impact on the investability of the mining sector, Minerals Council of South Africa CEO Roger Baxter said on Tuesday. "A year ago we arrived in Cape Town for the 2018... 

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