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Riots and strikes

By: Terry Mackenzie-hoy     17th August 2018 We are in an era of strikes and riots. Workers at State-owned power utility Eskom have been on strike for weeks and have just settled, the taxi drives are on strike, the public workers union are threatening a strike, platinum workers are on strike, and so on. All strikes happen with the usual... 

Wave of innovation for infrastructure development

By: Donald Makhafola     17th August 2018 With business spend in Africa predicted to grow from $2.6-trillion in 2015 to $3.5-trillion by 2025, wholly black-owned construction group Concor Construction believes that this trend will redefine urban areas and cities, triggering the need for rapid infrastructure development and services.... 

Grootegeluk boosts Exxaro’s H1 coal output

By: Marleny Arnoldi     16th August 2018 Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... 

NUM says ready to sign Eskom's wage offer

By: Reuters     16th August 2018 The National Union of Mineworkers (NUM) said on Thursday it was ready to sign a three-year wage offer from state power firm Eskom provided the utility agrees not to discipline staff who went on strike illegally. Investors want to see a resolution to the standoff between workers and Eskom as any... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

Gordhan announces whistleblower hotline to boost fight against corruption

By: News24Wire      15th August 2018 Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the portfolio committee on public enterprises on the progress made in addressing governance challenges at... 

Municipalities owed R139bn for services – Cogta

By: News24Wire      15th August 2018 Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize has revealed that municipalities are owed R139-billion for municipal services rendered. He said that the outstanding billions made it difficult for them to pay money owed to Eskom. Mkhize was responding to questions in the... 

Lazard drafting plan to bolster Eskom's balance sheet – sources

By: Reuters     14th August 2018 State-owned power firm Eskom has hired financial adviser Lazard to draft a plan to shore up its balance sheet as it struggles to emerge from a financial crisis, two banking sources told Reuters. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more than 90%... 

Eskom prices oversubscribed $1.5bn notes offering

By: Marleny Arnoldi     13th August 2018 State-owned power utility Eskom has successfully priced a two-tranche ten-year $1.5-billion global bond, under its $4-billion global medium-term note programme, following a series of investor meetings held by the utility, the Department of Public Enterprises, and Europe and US National... 

Tribunal to pursue alleged price-fixing, collusion in R240m Eskom tender

By: Marleny Arnoldi     13th August 2018 The Competition Tribunal has refused an application to dismiss a complaint against companies accused of alleged price-fixing and tender collusion in a R240-million tender issued by State-owned power utility Eskom in March 2015. The tender was for the supply, installation and dismantling of... 

Eskom vows to take disciplinary action against striking workers

By: African News Agency      13th August 2018 Eskom on Monday vowed to take disciplinary action against its workers who embarked on industrial action and damaged infrastructure last week as the power utility and unions failed to reach an agreement in protracted wage negotiations. The National Union of Metalworkers of South Africa (Numsa)... 

Industry provider to expand African footprint

By: Tasneem Bulbulia     10th August 2018 With many emerging and developing industries in Africa, as well as greater awareness of environmental issues and concerns, instrumentation manufacturer E Instruments regards the continent as an area of growth for its business. E Instruments product manager Bill Freed tells Engineering News that... 

Should we worry about Chinese generosity?

By: Martin Zhuwakinyu     10th August 2018 Back in March, former US Secretary of State Rex Tillerson became the umpteenth Western big gun to urge Africans to beware of Chinese generosity on the continent, which has taken the form of freebies such as the African Union headquarters in Addis Abba, Ethiopia – built at a cost of $200-million... 

Glencore closing in on oil deal, transacting with Eskom

By: Martin Creamer     8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... 

Universal's A$18.6m deal advances

By: Esmarie Swanepoel     8th August 2018 The South African Department of Mineral Resources (DMR) has given ASX-listed Universal Coal approval for the transfer of ownership of the Glisa and Eerstelingsfontein mining rights. Universal, through a 49%-owned subsidiary North Block Complex Proprietary (NBC), in March entered into an... 

Sars appoints acting finance chief to permanent position

By: Schalk Burger     7th August 2018 The South African Revenue Service (Sars) has appointed Johnstone Makhubu as its chief officer: finance with immediate effect. He had been the acting chief financial officer since August 2017. 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Power system recovery to take 30 days, load-shedding risk remains high

By: Simone Liedtke     3rd August 2018 State-owned Eskom expects it will take up to 30 days for the power system to recover from the effects of the recent industrial action, which interrupted continuous processes at the power stations. During the 30-day recovery period, the risk of load-shedding remains high, it warned on Friday. 

Numsa takes Eskom's latest wage offer back to members

By: African News Agency      3rd August 2018 The National Union of Metalworkers of South Africa (Numsa) said on Friday that it would take the latest wage offer made by power utility Eskom to its members for ratification.  This, as Numsa, together with other trade unions, met with the management team of Eskom on Thursday under the auspices... 

Darkness, is it contagious?

By: Riaan de Lange     3rd August 2018 A R2 300,000 000 loss, R19 600 000 000 in irregular expenditure, net cash from operations declining by 21.81% from R45 800 000 00 to R37 600 000 000, total debt increasing by 55.04% from R387 000 000 000 to R600 000 000 000, raising only 22% of the R72 000 000 000 borrowing commitment, a firm... 

Redefining philanthropy

By: Martin Zhuwakinyu     3rd August 2018 Aliko Dangote, Africa’s richest man – with a net worth of $12.4-billion – is redefining philanthropy in his native Nigeria. But the 61-year-old is doing this in a way that will make his bank account even fatter. Dangote Group, the 30 000-employee multinational industrial conglomerate he founded... 

Has anything changed?

By: Terence Creamer     3rd August 2018 It would arguably be easier for a novice cyclist to take on Tour de France’s fabled Alpe d'Huez ascent than for the new leadership at Eskom to restore credibility. Besides load-shedding and extreme tariff hikes, the State-owned utility’s reputation has been all but decimated by allegations... 

LONG ROAD AHEAD

3rd August 2018 Eskom CEO Phakamani Hadebe only just managed to guide the utility through to the there end of its horrific 2018 financial year, during which it nearly run of cash and almost had its bonds suspended. The journey ahead for Hadebe remains equally treacherous, as has already been seen from the false... 

Square Kilometre Array project, Africa and Australia

By: Sheila Barradas     3rd August 2018 A French consortium, comprising five research organisations and seven private companies, has joined the SKA Organisation. 

Solidarity accepts Eskom's latest wage offer

By: African News Agency      2nd August 2018 Trade union Solidarity on Thursday said its members had accepted power utility Eskom's wage offer. In a statement, the union said "it would now do everything within its power to stabilise the power grid", after members indicated they would accept an offer of a 7.5% wage increase for this year, 7%... 

Eskom postpones power interruptions to the Emfuleni municipality 

By: African News Agency      2nd August 2018 South African power utility, Eskom on Thursday said it has postponed the planned power interruptions to the Emfuleni municipality following a court interdict lodged by a group of local businesses in the greater Vaal area, in Gauteng. Eskom spokesperson Khulu Phasiwe said the businesses have asked... 

Eskom offers investors up to $1.5bn of 10-year bonds – source

By: Reuters     2nd August 2018 South Africa's struggling state-owned power firm Eskom offered investors up to $1.5-billion of ten-year bonds on Thursday, a source familiar with the matter told Reuters. Separately, Eskom spokesperson Khulu Phasiwe said Eskom was planning a foreign bond sale and that the firm's chief executive... 

AMSA studies new Vanderbijl electric arc furnace as it moves to restart Vereeniging mill 

By: Terence Creamer     1st August 2018 Steel producer ArcelorMittal South Africa (AMSA), which announced its first interim profit in six years and may be on track to deliver its first full year profit since 2010, has initiated a study for the construction of a new electric arc furnace (EAF) at its Vanderbijlpark mill and has also... 

Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

Risk of rotational load shedding high on Wednesday – Eskom 

By: African News Agency      1st August 2018 South Africa's power utility, Eskom, on Wednesday, said that the risk of Stage 1 rotational load shedding remained high but will only be implemented if "absolutely necessary". Eskom said it did not implement load shedding on Wednesday morning, adding that the electricity system remained... 

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... 

South Africa faces power cuts as Eskom power units down – internal report 

By: Reuters     31st July 2018 Fifteen units are currently down at nine South African power stations, taking over 6 000 MW of power or 13% of Eskom's output off the national grid, an internal document seen by Reuters showed on Tuesday. Eskom provides more than 90% of the power for Africa's most industrialised economy, but the... 

Eskom faces risk of loadshedding as coal delivery disruption hits power stations

By: African News Agency      30th July 2018 Eskom has reported that coal delivery at some of its power stations was disrupted due to a workers' protest in the early hours of Monday morning, leaving the South African power utility at risk of yet more load-shedding.  Eskom spokesperson Khulu Phasiwe tweeted that coal trucking at Majuba and... 

Eskom workers down tools at some South African power stations

By: Reuters     30th July 2018 Workers at some of South African State-owned utility Eskom's power stations have downed tools after an impasse over wages but supply has not been disrupted, spokesperson Khulu Phasiwe said on Monday. A spate of controlled blackouts was triggered last month following worker-led protests after the... 

Treasury says has received draft report on Eskom coal contract

By: News24Wire      30th July 2018 South Africa's National Treasury has received the draft forensic report on alleged irregularities in the awarding by state power utility Eskom of a coal contract to Tegeta and in logistics firm Transnet’s procurement of locomotives from China South Rail, it said at the weekend. The Treasury said... 

Anglo draws line in sand for thermal coal

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

South Africa’s wind industry calls for standard metrics for employment in the energy sector 

By: Kim Cloete     27th July 2018 The South African wind industry has called for a standardised metric to determine employment in the energy sector.   Currently all South African coal power-related employment studies use the metric employees or jobs as opposed to the more internationally applied metric person-years, which is used... 

Funding a vital link across 912kms

27th July 2018 Railway infrastructure is key to the growth of any economy – all the more, if you are exporting coal across international trade waters. Thanks to the revamped and extended Nacala Logistics Corridor, the Moatize coal mine in the northwest Tete region of Mozambique can now export greater volumes of... 

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