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SA Express on route to full re-certification by Civil Aviation Authority

By: Rebecca Campbell     12th July 2018 State-owned regional airline SA Express announced on Thursday that its certification as an aircraft maintenance organisation (AMO) had been reinstated by the South African Civil Aviation Authority (Sacaa) on June 22. “Since then SA Express has undergone a stringent and rigorous process to meet... 

Eskom wage talks: Unions want meeting with Nene, Gordhan

By: News24Wire      11th July 2018 Having reached a “sensitive stage” in the wage negotiation process, unions representing Eskom workers have asked to meet with Finance Minister Nhlanhla Nene and Public Enterprises Minister Pravin Gordhan to resolve the matter. This is according to a statement issued by the National Union of... 

Starting Eskom wage talks at 0% may have been 'tactically wrong' - Jabu Mabuza 

By: African News Agency      25th June 2018 Eskom Chairperson Jabu Mabuza on Monday said it may have been “tactically wrong” to start wage negotiations with unions representing employees at the power utility at zero per cent. “When you deal with the issues of wages, I think we could have handled this issue better as Eskom. It was perhaps... 

Union wants answers as gaps left by SAX grounding are plugged

By: Rebecca Campbell     15th June 2018 South African Airways (SAA) has created an extended flight schedule to replace the capacity lost with the grounding of the SA Express airline by the South African Civil Aviation Authority (CAA). (This grounding was because of “severe cases of non-compliance that pose serious safety risks” found... 

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Reinstatement of Eskom system reports seen as way to rebuild trust through transparency

By: Terence Creamer     7th June 2018 State-owned electricity producer Eskom has re-launched its weekly system status report as part of broader efforts to rebuild trust with South African citizens, who remain skeptical about the utility’s ability to keep the lights on. The service, which is now available on Eskom’s website, was... 

DPE probes Gupta-linked Alexkor for environmental law compliance

By: News24Wire      5th June 2018 The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation. This has emerged in Minister of Public Enterprises Pravin Gordhan's answer to a parliamentary question by DA... 

Prepare for greater generation competition, Radebe tells Eskom

By: Terence Creamer     4th June 2018 Energy Minister Jeff Radebe has hinted at possible dramatic changes in the structure of South Africa’s electricity supply industry, which is currently dominated by Eskom, a vertically integrated State-owned utility. During a recent stakeholder gathering the Minister responded strongly in the... 

As Eskom grapples with corporate plan, calls being made for radical restructuring 

By: Dylan Slater     1st June 2018 In a concerted effort to save and stabilise State-owned power utility Eskom as well as other deteriorating State-owned entities (SoEs), Public Enterprises Minister Pravin Gordhan announced in his Budget vote in May plans in the next 12 months that include the appointment of capable executive... 

As Eskom grapples with corporate plan, calls being made for radical restructuring

By: Dylan Slater     1st June 2018 In a concerted effort to save and stabilise State-owned power utility Eskom as well as other deteriorating State-owned entities (SoEs), Public Enterprises Minister Pravin Gordhan announced in his Budget vote in May plans in the next 12 months that include the appointment of capable executive... 

Denel Aeronautics acting CEO was in charge at SA Express when irregular contract signed – union

By: Rebecca Campbell     30th May 2018 Trade union Solidarity claimed on Wednesday that the reported fuel purchase contract, which failed to follow prescribed tender procedures, placed by State-owned airline SA Express with a little known company, EML Energy, had been placed while Victor Xaba had been acting CEO of the airline. Xaba... 

SAA, partner airlines assist stranded SA Express passengers

By: Anine Kilian     25th May 2018 South African Airways (SAA) and its partner airlines Mango and SA Airlink have put in place replacement capacity to support South African (SA) Express passengers. This comes after the South African Civil Aviation Authority (SACAA) on Thursday suspended SA Express’ flights after an audit uncovered... 

Eskom business-model review aimed at lowering utility’s risk to fiscus

By: Terence Creamer     24th May 2018 Public Enterprises Minister Pravin Gordhan has confirmed that the business model of power utility Eskom is up for discussion as government seeks to reduce the fiscal risk currently posed by utility and to reposition the State-owned enterprise (SoE) for future sustainability. On his eighty-sixth... 

South Africa authorities halt flights of State-run SA Express over safety

By: Reuters     24th May 2018 South Africa's Civil Aviation Authority (SACAA) said on Thursday it had suspended all flights of state-run airline SA Express over safety concerns. The decision comes after Public Enterprises Minister Pravin Gordhan said on Thursday that he had appointed an "intervention team" to help at the... 

Gordhan appoints new Denel, Transnet, SA Express boards; Hadebe appointed Eskom CEO

By: Anine Kilian     24th May 2018 Public Enterprises Minister Pravin Gordhan has appointed Phakamani Hadebe as Eskom CEO. Hadebe has been acting CEO of the power utility since January. 

Half of Ramaphosa’s SoE council to be made up of people from outside of government

By: Terence Creamer     23rd May 2018 President Cyril Ramaphosa has announced that the composition of the Presidential State-owned Enterprise (SoE) Council, whose establishment has been approved by Cabinet, will be split between Ministers, as well as business people, experts and stakeholders. Speaking in Parliament during the debate... 

Nzimande urges SOEs to plug leaks

By: News24Wire      18th May 2018 Transport Minister Blade Nzimande called for an end to warring board members and executives at entities within his department, urging them to prioritise turning the organisations around. Nzimande was speaking ahead of his budget vote at the Old Assembly chamber in Parliament on Friday morning.... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Popo Molefe to lead new interim board at Transnet

By: Simone Liedtke     15th May 2018 Public Enterprises Minister Pravin Gordhan has appointed a new interim board for State-owned Transnet, pending a full appointment, in consultation with Cabinet. The interim board will be led by Popo Molefe as chairperson and includes directors Louis Zeuner, Ramasela Ganda, Ursula Fikelepi, Edward... 

Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – Goldman Sachs

By: Anine Kilian     11th May 2018 President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the existing National Development Plan (NDP), but Ramaphosa’s focus on economic stewardship and reform... 

Transnet chair resigns on eve of meeting with government 

By: African News Agency      4th May 2018 The chairperson of Transnet, Linda Mabaso, has resigned with immediate effect, Public Enterprises Minister Pravin Gordhan said on Thursday. Mabaso's resignation comes on the eve of a shareholder meeting called by Gordhan for Friday.  

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines  

By: Terence Creamer     3rd May 2018 In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe... 

Gordhan gets tough on 'largely captured' State entities

By: News24Wire      2nd May 2018 Minister of Public Enterprises Pravin Gordhan told Parliament on Wednesday that his department would hold parastatals on a much shorter leash as they recover from what he called “the phenomenon of State capture”. Among others, he said, captains of South Africa’s State-owned enterprises would have... 

Global risks, opportunities and a new dawn for South Africa – Gordhan

By: Rebecca Campbell     30th April 2018 The global situation posed a number of risks, Public Enterprises Minister Pravin Gordhan cautioned on Monday. He was addressing the India-South Africa Business Summit. These risks include a new global financial crisis and damage to the multilateral trade regime, as well as the readiness (or lack... 

New Denel board faces tough turnaround task as financial pressure mounts

By: Rebecca Campbell     20th April 2018 Public Enterprises Minister Pravin Gordhan recently announced the completely new, high-powered, Board to turn-around beleaguered State-owned defence industrial group Denel. Technically, it is currently an interim Board, he explained, because it had not yet been approved by the Cabinet. He... 

Solidarity alleges mismanagement of funds at Denel

By: Simone Liedtke     19th April 2018 Trade union Solidarity on Thursday alleged in a report titled ‘Denel Dossier’ that State-owned aerospace and defence group Denel’s top management received increases of up to 60% in their salaries, as well as 100% performance bonuses last year, while there were insufficient funds to pay employees... 

CMH achieves 17.2% y/y increase in FY18 headline earnings despite challenges

By: Marleny Arnoldi     17th April 2018 Investment holding company Combined Motor Holdings (CMH) on Tuesday reported a good set of results for the financial year ended February 28, despite ongoing challenges including a difficult economic, trading and political environment.  

Trade union to seek to put SAA into business rescue

By: Rebecca Campbell     9th April 2018 Trade union Solidarity announced on Sunday that it was to start court proceedings to place State-owned and financially very troubled national carrier South African Airways (SAA) under business rescue. In an open letter to President Cyril Ramaphosa, Finance Minister Nhlanhla Nene and Public... 

TNPA to launch dredging school this year

By: Jessica Oosthuizen     30th March 2018 State-owned company Transnet National Ports Authority (TNPA) will launch its dredging school – the first of its kind in Africa – this year, says TNPA infrastructure and port planning GM Hamilton Nxumalo. “The TNPA Dredging School is a result of the Supplier Development (SD) Programme related to... 

Now is the time to reform, stabilise and revitalise State-Owned Entities

28th March 2018 Our vision is that by 2030 state institutions are well-run and effectively coordinated, managed by professionals committed to the public good and capable of delivering consistently high-quality services, and working for economic growth and reduced poverty and inequality. In June 2015 Topco Media... 

Youth Employment Service to benefit 1m young people  

By: Marleny Arnoldi     27th March 2018 President Cyril Ramaphosa on Tuesday launched the Youth Employment Service (Yes) initiative – a business-led partnership with government, labour and society, that aims to empower one-million young South Africans between the ages of 18 and 34 through paid work experiences over the next three years.  

There are no investigations into Gordhan – Hawks

By: News24Wire      20th March 2018 The Hawks have denied allegations that they are targeting Public Enterprises Minister Pravin Gordhan for supposedly taking part in illegal interceptions and spying during his time as South African Revenue Service (Sars) commissioner. In a statement, Hawks spokesperson Brigadier Hangwani Mulaudzi... 

Radebe’s inbox

By: Terence Creamer     9th March 2018 Having initially exercised some restraint in his retention of Dipuo Peters as Energy Minister from May 2009 to July 2013, former President Jacob Zuma grew increasingly agitated by the lack of nuclear progress and made several changes in relatively quick succession. Ben Martins, Tina... 

NPC engages stakeholders on South Africa’s future energy mix

By: Marleny Arnoldi     8th March 2018 The National Planning Commission (NPC) on Thursday hosted a roundtable discussion on its energy paper, which was released in February. The discussion covered mainly coal and carbon pricing, the end-state of the electricity industry, nuclear energy, the integration of renewables into the national... 

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... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Ramaphosa announces sweeping Cabinet changes

26th February 2018 President Cyril Ramaphosa’s statement outlining changes to the National Executive. 

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