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Waste gas fuels smelter

By: Halima Frost     31st August 2018 A gas processing plant, built by backup and continuous power solutions provider Diesel Electric Services, in Boshoek near Rustenburg, has achieved over 45 000 lost-time injury-free hours in its first year of operation. The project –  which started in January 2016, and took about 16 months to... 

Adventures on the interconnected power system

By: Terry Mackenzie-hoy     31st August 2018   I worked for State-owned power utility Eskom as the senior engineer for operations in the Eastern Cape for just under two years. It was a fabulous job. I reported to the chief engineer, who, in turn, reported to the regional manager. But both the chief engineer and I had a reporting... 

Power Shifts

By: Terence Creamer     31st August 2018 Electricity nerds such as myself are bracing themselves for a breathless few months, with significant developments on the horizon. Much of the focus will be on the updated Integrated Resource Plan (IRP), which has finally been released for public comment. This is a critical document and it is... 

Renewable Energy Independent Power Producer Procurement Programme – fourth window

By: Sheila Barradas     31st August 2018 Twenty-seven Renewable Energy Independent Power Producer Procurement Programme project agreements were signed in April 2018.  

Eskom, unions settle on salary adjustments

By: Marleny Arnoldi     30th August 2018 State-owned power utility Eskom has reached a three-year wage agreement with trade unions the National Union of Mineworkers (NUM), the National Union of Metalworkers of South Africa (Numsa) and Solidarity. In terms of the agreement, Eskom’s bargaining unit permanent employees will receive salary... 

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert   

By: Terence Creamer     29th August 2018 A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... 

Eskom needs to be 'rightsized' – Mabuza

By: Kim Cloete     28th August 2018 Eskom chairperson Jabu Mabuza says the utility is up to 33% overstaffed at all levels and may need to be "rightsized" in time. “We don't know whether we will downsize but we are determined to rightsize. We will do that within the confines of the Labour Relations Act. We can’t tell people here how... 

Eskom to sue Trillian; warns some dismissed Eskom employees still have their tentacles in the utility

By: Kim Cloete     28th August 2018 Eskom CEO Phakamani Hadebe says Eskom will continue to tighten the screws on implicated former and current employees and suppliers who have drained the utility of its resources and plunged it into debt. He told Parliament on Tuesday that Eskom would also sue Gupta-linked Trillian later this year... 

Coal suppliers urged to put South Africa first 

By: Kim Cloete     28th August 2018 Public Enterprises Minister Pravin Gordhan has suggested that Parliament call in some of the big and small coal suppliers to account for their export of coal, amid increasing concerns about the shortage of coal in the country. Gordhan was speaking after several Members of Parliament suggested... 

Eskom gives up debt to equity conversion plan – Mabuza 

By: African News Agency      28th August 2018 Eskom has shelved plans to ask the Public Investment Corporation (PIC) to convert some of its debt to equity, Eskom chairperson Jabu Mabuza told MPs on Tuesday. "We are not asking anybody to convert debt," he told a joint meeting of the portfolio committees on energy and public enterprises 

Eskom to sue Trillian to recover R600-million

By: African News Agency      28th August 2018 Eskom will sue Trillian later this year to recover R600-million from the firm linked to the infamous Gupta family, the utility's CEO Phakamani Radebe told MPs on Tuesday. "In December we will be going to court to face up to Trillion to demand our R600-million," Radebe told a joint sitting of... 

Collaboration required to improve South Africa’s sovereign credit rating

By: Maxine Arries     27th August 2018 Finance Minister Nhlanhla Nene will, on the first day of the 2018 Southern African Metals and Engineering Indaba, meet with Business Unity South Africa CEO Tanya Cohen, Federation of Unions of South Africa General Secretary Dennis George and Centre for Development and Enterprise Executive... 

Maimane asks Ramaphosa to table terms, conditions of R33bn Eskom-China loan in Parliament

By: African News Agency      24th August 2018 Main opposition Democratic Alliance leader Mmusi Maimane said on Friday he had written to President Cyril Ramaphosa requesting that he table in Parliament within 14 days, the full terms and conditions of a R33-billion loan agreement state power firm Eskom recently signed with the Chinese... 

Square Kilometre Array project, Africa and Australia

By: Sheila Barradas     24th August 2018 The Square Kilometre Array telescope manager critical design review has been completed. 

Creecy concerned about lack of infrastructure spending

By: African News Agency      23rd August 2018 Gauteng Finance MEC Barbara Creecy on Thursday raised her concerns about the negative impact on the quality of public facilities and job creation caused by poor spending of infrastructure budgets by municipalities in the province. During a meeting with MMCs of Finance from all municipalities in... 

South32 to consider South African energy coal ownership options in Sept

By: Marleny Arnoldi     23rd August 2018 Diversified miner South32 will start a process to broaden the ownership of its South Africa Energy Coal (SAEC) business, in September. “We have been very clear that we don’t plan to own an interest in energy coal in the long term, and it has never been a better time in terms of where South... 

Eskom expects to reduce staff by 15% in five years

By: Reuters     23rd August 2018 South Africa's State-run power utility Eskom expects to have 7 000 less staff in five years from now, a senior manager at the utility that is struggling to emerge from a financial crisis said on Thursday. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more... 

Eskom begins stakeholder interactions on ‘Strategy 2035’  

By: Terence Creamer     23rd August 2018 South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... 

Solidarity welcomes Mantashe’s proposal to withdraw MPRDA Amendment Bill

By: Marleny Arnoldi     22nd August 2018 Trade union Solidarity on Wednesday said the mining sector’s quest for policy certainty will receive a huge boost if Mineral Resources Minister Gwede Mantashe’s proposal to withdraw the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill is implemented. Business Day reported... 

Eskom warns of load-shedding on Wednesday evening 

By: African News Agency      22nd August 2018 Power utility Eskom said the risk of load-shedding remained high on Wednesday, especially for the evening peak period from 5pm to 9pm, due to a number of its generating units being out on maintenance and possibly not being back in time to meet the evening peak period. "We encourage residents and... 

Eskom execs grilled on tender processes

By: News24Wire      22nd August 2018 Members of Parliament wasted no time in trying to get to the bottom of questionable contracts at Eskom on Wednesday, however executives at the power utility seemed less prepared - fumbling answers and even requesting time to regroup. The Standing on Public Accounts (Scopa) was being briefed by... 

NHI will negatively impact on South Africa’s healthcare systems – Solidarity  

By: Anine Kilian     21st August 2018 Trade union Solidarity believes the power of medical services in South Africa will be negatively impacted if government decides to centralise the healthcare system through the National Health Insurance (NHI) Bill. Speaking at a Healthcare Crisis Summit organised by Solidarity, in Pretoria, on... 

Set up special tribunal for officials abusing tender system – State capture inquiry witness 

By: News24Wire      21st August 2018 The government's procurement system is intentionally not followed in at least 50% of all tenders, chief procurement officer Willie Mathebula told the commission of inquiry into allegations of State capture on Tuesday. Mathebula has proposed a special tribunal to deal with those who transgress and... 

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

Creditors to vote on Basil Read business rescue plan in September

By: Marleny Arnoldi     21st August 2018 Since JSE-listed Basil Read announced its entering into business rescue in June, it has secured R265-million in funding and its business rescue practitioners (BRP) have, this week, published a business rescue plan. The company’s appointed BRPs – Siviwe Dongwana and John Lightfoot – believe the... 

Sasol FY18 headline earnings fall 22%

By: Anine Kilian     20th August 2018 Integrated chemicals and energy company Sasol on Monday reported a 22% year-on-year decrease in its headline earnings a share to R27.44 for the financial year ended June 30. Speaking at a presentation of the group’s results on Wednesday, joint president and CEO Bongani Nqwababa said core headline... 

State capture inquiry gets underway in Johannesburg

By: African News Agency      20th August 2018 The judicial commission of inquiry into alleged capture of the South African State and its entities, referred to as ''State capture'', is set to begin on Monday in Johannesburg. At the centre of the hearings are the fugitive Gupta family, who have since left the country as allegations of... 

Sasol says earnings down 22% in year to June

By: African News Agency      20th August 2018 Global integrated chemicals and energy company Sasol said on Monday its headline earnings per share dropped 22% to R27.44 in the year to June 30. Earnings before interest, taxes, depreciation, and amortization rose 10% to R52-billion and the company declared a dividend per share of R12.90. 

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... 

Numsa rejects Eskom disciplinary action proposal against striking workers

By: African News Agency      16th August 2018 The National Union of Metalworkers South Africa has rejected Eskom's proposal to institute disciplinary action against workers who participated in industrial action during protracted wage negotiations, on the grounds that the power utility is an essential service.  On Wednesday Eskom declared a... 

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... 

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