R/€ = 15.59 Change: 0.01
R/$ = 13.69 Change: 0.00
Au 1292.60 $/oz Change: 2.31
Pt 805.62 $/oz Change: 3.47


Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

On-The-Air (26/10/2018) 

By: Martin Creamer     26th October 2018 South Africa is ahead of the world in the new race to develop innovative ‘power fuels’ that prevent climate change. An Australian company is selling its four big South African coal mines in Mpumalanga to new black owners. The Mandela Mining Precinct this week took its first steps towards the... 

South Africa’s synfuels know-how could give it edge as world mulls power fuels 

By: Terence Creamer     15th October 2018 The newly formed Global Alliance Power Fuels believes that South Africa is well positioned to become a leading site for the large-scale production of liquid fuels from renewable energy and has confirmed with Engineering News Online that the country is on its radar for possible future... 

PetroSA says it is committed to ethical leadership

By: Kim Cloete     1st October 2018 PetroSA has told international and local players in the energy space that it is committed to ethical leadership and prudent business management. “What has become pronounced is the issue of ethics in State-owned entities (SoE) and more broadly in government and elsewhere. National oil companies... 

Tullow Oil to shoulder Kosmos' $65m burden over Ghana rig dispute

By: Reuters     18th July 2018 Britain's Tullow Oil has to cough up around $65-million for Kosmos Energy's share and legal fees over a cancelled rig contract in Ghana, the companies said on Wednesday. A London judge had ordered Tullow this month to pay rig owner Seadrill around $254-million, saying Tullow was wrong to end the... 

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

We have the ocean, so why not use it?

26th April 2018 It’s South Africa’s greatest irony – a country ravaged by drought, that’s surrounded by ocean. Home to one of Africa’s busiest ports, it seems almost nonsensical that a country so economically dependent upon the ocean should be facing a water crisis. And yet, in 2018, South Africa’s water woes... 

Steering a course for growth – AMSOL

8th March 2018 STEERING A COURSE FOR GROWTH: AMSOL INVESTS IN A ROBUST TALENT PIPELINE As a finalist in the Skills Development category at the 2018 Oliver Empowerment Awards which recognise exceptional contributions to sustainable transformation in South Africa, majority Black South African owned specialist... 

Zuma is, alas, not an aberration

By: Rebecca Campbell     23rd February 2018 Well, Jacob Zuma is no longer President of the Republic of South Africa, following his “recall” (in effect, order to resign) by his political party, the African National Congress (ANC). The raid on the Johannesburg home of his close associates, the Gupta brothers, on the morning of February 14... 

Khoza to continue as Eskom chair

By: Anine Kilian     8th December 2017 Zethembe Khoza will continue in his position as chairperson of State-owned power utility Eskom until the 2018 annual general meeting, according to Public Enterprises Minister Lynne Brown, who announced the State-owned power utility’s new board on Friday. The new board – comprising Khoza, Dr Pat... 

Solidarity ranks SOEs, lambastes 'cadre merry-go-round'

By: Anine Kilian     14th November 2017 Trade union Solidarity has ranked South African Airways (SAA) as the most poorly managed State-owned enterprise (SOE) in the country. Speaking at the launch of its latest report ‘South African State Institutions and the Value for Tax Money’, on Wednesday, Solidarity CEO Dirk Hermann said SAA... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

PetroSA, Rosgeo sign multimillion-dollar deal for oil, gas exploration in South Africa

By: Anine Kilian     4th September 2017 State-owned PetroSA has signed an agreement with Russian geological exploration company Rosgeo that will result in the investment of about $400-million in oil and gas development off the coast of South Africa. The agreement was signed at the ninth yearly Brics Summit that is currently under way... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Kubayi refutes CEF board suspension report 

By: Creamer Media Reporter      1st August 2017 Energy Minister Mmamoloko Kubayi on Tuesday refuted a media report stating that she had suspended the Central Energy Fund (CEF) board. The Minister confirmed, however, that board members had been handed letters in July 26 requesting “an explanation on concerns”. No details were provided, however,... 

Tosaco Energy granted permits to explore for onshore gas in Mpumalanga 

By: Megan van Wyngaardt     6th July 2017 The Petroleum Agency of South Africa has granted a new entrant in South Africa’s energy sector, Tosaco Energy, three onshore technical cooperation permits (TCPs), enabling the company to explore for and develop a potential gas resource in Mpumlanga. Situated near existing natural gas pipeline... 

CEF appoints new interim PetroSA board

By: Megan van Wyngaardt     6th July 2017 The Central Energy Fund (CEF) has appointed a new interim board at embattled State-owned oil and gas company PetroSA, effective July 5. Former South African Farmers Development Agency MD Nhlanhla Gumede has been appointed chairperson, succeeding former interim chairperson Wilfred Ngubane. 

If Koko returns, it won’t be as acting CEO, Brown avers, as she unveils interim board

By: Terence Creamer     23rd June 2017 Public Enterprises Minister Lynne Brown has called on the new interim leadership of embattled power utility Eskom to give priority attention to addressing the management of contracts, conflicts of interest and the quality of coal being supplied to its power stations. Speaking following the Eskom... 

PetroSA denies business rescue allegations

By: Megan van Wyngaardt     8th May 2017 State-owned oil and gas company PetroSA on Monday refuted claims that it had asked its holding company, the Central Energy Fund, to place it under business rescue, stating that it was not in “financial distress”. It said media reports last week about the alleged request were “inaccurate and... 

LPG industry urged to act on non-binding market inquiry findings 

By: Terence Creamer     24th April 2017 South Africa’s Competition Commission has made far-reaching, yet non-binding, recommendations for dealing with prevailing “market distortions” in the domestic liquid petroleum gas (LPG) sector following its first-ever market inquiry, which took nearly three years to complete. The report... 

Energy Minister reveals extent of executive vacancies at State-owned energy entities 

By: Megan van Wyngaardt     19th April 2017 Several executive positions in the country’s State-owned energy entities have remained vacant for a year or more, a written Parliamentary reply by Energy Minister Mmamoloko Kubayi reveals. The Petroleum Agency of South Africa (PASA) has now been without a CEO for five years. 

MCS registers its first ship under the South African flag 

By: Natasha Odendaal     16th March 2017 Cape Town-based vessel operator, seafarer recruitment and training company Marine Crew Services (MCS) has registered a modern, multipurpose platform supply and support vessel (MPSV) on the South African Ships Register. The 4 221 t, 93.67 m MPSV Greatship Manisha, bareboat chartered from owner... 

Bleeding at South Africa’s State-owned oil company continues, MPs told 

By: African News Agency      14th March 2017 State-owned oil company PetroSA is set to suffer a projected devaluation of assets of R1.1-billion this financial year in addition to the R14.5-billion impairment it suffered in the 2014/15 financial year, MPs heard on Tuesday. Briefing parliament’s portfolio committee on energy, PetroSA board... 

PetroSA reports two fatalities at Mossel Bay GTL refinery

By: Creamer Media Reporter      1st February 2017 State-owned PetroSA on Wednesday said two employees had been killed in an incident at its Mossel Bay gas-to-liquids (GTL) refinery on Tuesday. The employees, one a mechanical fitter and the other an operator, were working on a vessel when they lost consciousness. 

New African owners of Ibhubesi gas prospect aim to settle Ankerlig supply deal in 2017

By: Terence Creamer     15th December 2016 The new African owners of the Ibhubesi Gas Project (IGP), off South Africa’s West Coast, report that negotiations with Eskom for the supply of gas to the Ankerlig power station are ongoing, with the conclusion of a gas supply agreement (GSA) targeted for the second quarter of 2017. The project... 

Bonuses for failing PetroSA executives must be paid back, says DA

By: African News Agency      5th December 2016 The Democratic Alliance (DA) on Sunday called for the R17.3-million in bonuses paid by PetroSA to its top executives to be paid back immediately, and for the legal opinion which “informed this disastrous payment” to be made public and tabled before Parliament. “This is after it was revealed today... 

In bid to revive GTL refinery, PetroSA plans gas-to-condensate swing 

By: Terence Creamer     18th November 2016 South Africa’s embattled national oil company, PetroSA, has confirmed yet another, albeit smaller, loss for 2015/16, while revealing that it is planning to use more heavy condensate as a feedstock at its gas-to-liquids (GTL) refinery in Mossel Bay, as indigenous gas resources dwindle. The swing... 

Forensic report into PetroSA's R14bn impairment under lock and key

By: African News Agency      2nd November 2016 A forensic report into the R14-billion loss suffered by state-owned oil company PetroSA will remain under lock and key for now, it emerged in Parliament on Tuesday. Last week, Parliament’s portfolio committee on energy sent PetroSA board members packing for failing to submit the forensic report... 

Call for expressions of interest for S Africa’s gas-to-power plan

22nd July 2016 The Department of Energy (DoE) announced, early in May, a call for expressions of interest (EoI) for the appointment of strategic partners to assist State-owned companies (SoCs) in the development of a 600 MW gas-fired power plant, says international law firm White & Case.  

Ibhubesi gas project, South Africa

By: Sheila Barradas     29th April 2016 Sunbird Energy has signed a conditional agreement with a South African consortium to divest of its noncash assets for A$8.5-million, which includes its 76% interest in the Ibhubesi project. 

BASF co-sponsored innovative diploma course yields first graduates at Nelson Mandela Metropolitan University

20th April 2016 Contribution addresses the critical scarce-skills needs of the chemical processing industry BASF remains committed  to supporting the upliftment of science, mathematics and engineering programmes BASF South Africa joins the Nelson Mandela Metropolitan University’s InnoVenton Institute in... 

Sunbird announces transaction to sell assets to South African consortium

By: Esmarie Iannucci     18th April 2016 South Africa-focused Sunbird Energy has signed a conditional agreement with a South African consortium to divest of its noncash assets for A$8.5-million. The assets include a 74% interest in the Mopane, Springbok Flats and Springbok Flats West coal-bed methane projects, as well as its 76%... 

Ankerlig and Gourikwa open-cycle gas turbine conversion project, South Africa

By: Sheila Barradas     19th February 2016 Eskom is poised to proceed with the conversion of its Ankerlig and Gourikwa open-cycle gas turbines to dual-fuel facilities. 

Ibhubesi gas project, South Africa

By: Sheila Barradas     13th November 2015 Sunbird Energy is proposing additional components to its Ibhubesi project. 

PetroSA announces departure of suspended CEO

By: Natalie Greve     30th October 2015 South African national oil company PetroSA has reached an agreement with CEO Nosizwe Nokwe-Macamo that will see her employment terminated, with effect from November 1, the company said in a statement on Friday. Noting that the terms of the agreement were confidential, the company said the... 

Partnerships, not sell-offs, key to PetroSA’s recovery – CEO

By: Natasha Odendaal     29th October 2015 Partnerships are one of several initiatives embattled national oil and gas company PetroSA will work towards as it tries to turn its financial position around, the State-owned group said on Thursday. Days after reports emerged that the parastatal planned to sell up to 49% in equity stakes in some... 

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