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Legislative Environment News

Investment in infrastructure only way to realise integrated Africa dream

By: Schalk Burger     17th November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and leverage... 

Landmark projects help Esor to improve performance in tough market

By: Dylan Slater     17th November 2017 Despite challenging market conditions and a deteriorating market environment for the six months ended August 31, JSE-listed civils and construction group Esor recorded a “significant improvement” in its finances, with profit before tax of R3.1-million, compared with a loss recorded in February.... 

African models boost construction development

By: Marleny Arnoldi     17th November 2017 Owing to various African countries’ having secured sovereign funding for construction projects that are being planned or in the process of implementation, these countries have the potential to promote rapid gross domestic product (GDP) growth, says consultancy firm WSP.  

African models boost construction development
VISHAAL LUTCHMAN There is a lot more awareness around projects, and legislation, and people are more vocal about the impacts of development projects on their circumstances

BLSA urges ANC to hold smooth elective conference

By: African News Agency      16th November 2017 Business Leadership South Africa (BLSA) on Thursday urged the ruling African National Congress (ANC) to ensure that it holds a smooth elective conference and respect its outcomes next month, for the sake of the country's prosperity. The ANC will hold its 54th National Conference on 16-20... 

BLSA urges ANC to hold smooth elective conference

McKinsey not sure who to refund for Eskom fiasco, partner tells parliamentary probe

By: African News Agency      15th November 2017 Global consultancy firm McKinsey stood ready to repay the money it earned from a flawed Eskom deal but did not know where to direct the R1-billion refund, senior partner Dave Fine told the parliamentary inquiry into allegations of state capture at the power utility. “McKinsey does not want... 

McKinsey not sure who to refund for Eskom fiasco, partner tells parliamentary probe
Parliamentary inquiry

Brown blocked Koko’s suspension, witness tells Eskom probe

By: African News Agency      14th November 2017 Public Enterprises Minister Lynne Brown took instructions from the Gupta brothers and ordered the Eskom board not to suspend Matshela Koko as CEO of the power utility, a witness on Tuesday told the parliamentary inquiry into the company. Khulani Qoma, the now suspended spokesperson for the Eskom... 

Brown blocked Koko’s suspension, witness tells Eskom probe
Photo by Duane Daws
Public Enterprises Minster Lynne Brown

Competition equips students with practical energy efficiency knowledge

By: Nica Schreuder     10th November 2017 International digital industrial company General Electric (GE) Africa held the University Business Challenge Competition last month, putting into practice its commitment to helping boost learning and skills development through technology, and stimulating students to create energy efficient... 

Competition equips  students with practical  energy efficiency knowledge
ROTI BALOGUN The competition is a proactive way of bridging the needs of industry

Organisation assists business in becoming energy efficient

By: Nica Schreuder     10th November 2017 Lack of energy supply security, economic costs associated with energy, and environmental costs, such as depleting resources, contributing to climate change are just some of the factors that can be mitigated if South Africa embraces energy efficiency and reliable renewable energy alternatives,... 

Organisation assists  business in becoming  energy efficient
MONITORED CONSUMPTION NCPC-SA is trying to find ways to optimise South Africa’s energy consumption

Why has no-one been punished yet for State capture, asks Gordhan

By: News24Wire      9th November 2017 One of the questions to be asked about the exposure of State capture in South Africa – on the political as well as business front - is why no one has been punished yet, former finance minister Pravin Gordhan said on Thursday. “Lots of names have been exposed and I think Jacques Pauw’s book [The... 

Why has no-one been punished yet for State capture, asks Gordhan
Photo by Reuters
Former Finance minister Pravin Gordhan

Deputy Minister says he did not attend ‘tea party’ with Gupta brother

By: African News Agency      9th November 2017 Deputy Public Enterprises Minister Ben Martins has rubbished claims by power utility Eskom’s suspended head of legal Suzanne Daniels that he had attended a meeting with Ajay Gupta, Duduzane Zuma and Salim Essa in Johannesburg in Melrose Arch this year. “As the head of Eskom’s legal department, Ms... 

Deputy Minister says he did not attend ‘tea party’ with Gupta brother
Photo by Duane Daws
Deputy Public Enterprises Minister Ben Martins

Zuma agrees to set up Sars inquiry – Gigaba

By: News24Wire      7th November 2017 Finance Minister Malusi Gigaba has asked President Jacob Zuma to set up an urgent judicial inquiry into tax administration and governance at the South African Revenue Services (Sars) Gigaba, speaking after a media briefing about plans for South African Airways on Tuesday, said Zuma had agreed to... 

 Zuma agrees to set up Sars inquiry – Gigaba
Photo by Bloomberg
Finance Minister Malusi Gigaba

Parliament wants report clearing Sars number two

By: African News Agency      6th November 2017 Parliament’s standing committee on finance on Monday said it had sent official letters to South African Revenue Service (Sars) commissioner Tom Moyane and Finance Minister Malusi Gigaba asking for a copy of a disciplinary inquiry report which cleared a senior Sars official. Jonas Makwakwa, widely... 

Parliament wants report clearing Sars number two

Eskom hike not justifiable, sustainable – Busa

By: Natasha Odendaal     3rd November 2017 State-owned power utility Eskom’s bid for above-inflation tariff increases was not justifiable nor sustainable in the current climate, Business Unity South Africa (Busa) said on Friday. The pursuit of higher revenues without first examining its business model will just add further strain to an... 

Reforms, business models key to unlocking private sector investment for climate change – IFC

By: Natasha Odendaal     2nd November 2017 Smart policy reforms and innovative business models can unlock the trillions of dollars in private investment that is needed to ensure Africa meets its climate targets as agreed to in the landmark Paris Agreement. The private sector, boasting innovation, the financing and resources, is considered... 

Transnet seeks to navigate State Capture allegations, economic storms 

     2nd November 2017 Creamer Media’s Samantha Herbst talks to Engineering News editor Terence Creamer about Transnet’s new 4.0 strategy and how it intends to deal with State Capture allegations. 

Transnet seeks to navigate State Capture allegations, economic storms
Transnet seeks to navigate State Capture allegations, economic storms

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Sub-Saharan Africa sets another record for number of business reforms

MTN files its plea against Turkcell’s Iran litigation drive

By: Natasha Odendaal     31st October 2017 Telecommunications giant MTN this week filed a Statement of Defence plea as its protracted legal battle with Turkish mobile operator Turkcell rages on over a 2004 telecommunications operating licence bid in Iran. The Turkish rival has brought several international and local claims against MTN for... 

Conference aims to strengthen cross-border relations

By: Nadine James     27th October 2017 The prospects for wind power within and beyond the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) will be discussed at this year’s Windaba conference and exhibition, exploring opportunities outside South Africa’s borders, and consider ways of establishing cross-border... 

Conference aims to strengthen cross-border relations
ANSWERS IN THE WIND The Windaba programme has been designed to be relevant regardless of whether the mid-term outlook is good or uncertain

Sasol mitigates material matters issues in 2017

     27th October 2017 To mitigate material matters that could substantially affect its ability to create value in the short, medium or long term, as a result of not being able to execute its strategy and the impact thereof on its ability to stay competitive, petrochemicals giant Sasol has outlined a five-step process... 

Sasol mitigates material matters issues in 2017
MANAGING MATTERS Sasol reviews and monitors material matters through stakeholder inclusiveness always keeping a sustainability context in mind

UCT’s business school to participate in UN programme research council

By: Mia Breytenbach     27th October 2017 The University of Cape Town’s (UCT’s) Graduate School of Business (GSB) has been named as one of nine leading universities to be part of a partnership with the United Nations Development Programme (UNDP) to develop a research agenda that will better leverage private investment to finance the... 

Wind training facility increases course offering

By: Nadine James     27th October 2017 Accredited wind energy training facility the South African Renewable Energy Technology Centre (SARETEC) has become a Global Wind Organisation- (GWO-) certified training facility, and can now offer the GWO Basic Safety Training (BST) and Basic Technical Training (BTT) qualifications to wind... 

Wind training  facility increases course offering
NAIM RASSOOL The formal wind turbine service technician qualification programme is offered every six months

Gigaba’s maiden MTBPS receives mixed reviews

By: Sane Dhlamini     26th October 2017 Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS) has received mixed reactions, with many organisations calling out its lack of attention to detail. Gigaba MTBPS was delayed by Economic Freedom Fighters MPs who objected to him delivering the budget on the basis... 

Gigaba’s maiden MTBPS receives mixed reviews
Photo by Reuters
Finance Minister Malusi Gigaba

Molefe’s pension trial date set for three days

By: News24Wire      24th October 2017 Former Eskom CEO Brian Molefe’s court date has been set to be heard in Pretoria’s North Gauteng High Court for three days at the end of November. That is according to the Department of Public Enterprises spokesperson Colin Cruywagen on Tuesday. 

 Molefe’s pension trial date set for three days
Photo by Duane Daws
Former Eskom CEO Brian Molefe

High Court to hear Zuma's State of Capture report review application

By: News24Wire      24th October 2017 The North Gauteng High Court is on Tuesday expected to hear President Jacob Zuma's application to review the remedial action contained in former Public Protector Thuli Madonsela's State of Capture report. The case has been set down for three days. 

High Court to hear Zuma's State of Capture report review application
Photo by Reuters
President Jacob Zuma

On third day of Eskom probe, Parly names new chair for public enterprises committee

By: African News Agency      20th October 2017 The African National Congress (ANC) in Parliament on Friday announced the appointment of a new chairperson for the legislature’s public enterprises committee, on the third day of its probe into allegations of widespread impropriety at South Africa’s national power utility, Eskom. It said Lungi... 

On third day of Eskom probe, Parly names new chair for public enterprises committee

New Statistician-General and head of Statistics South Africa appointed

By: Natasha Odendaal     20th October 2017 Statistics South Africa (Stats SA) deputy director-general for statistical collections and outreach Risenga Maluleke has been appointed as successor to Statistician-General and Stats SA head Dr Pali Lehohla. Lehohla’s tenure expires at the end of October. 

Businesses must take action to drive inclusive growth in Africa

By: Robyn Wilkinson     20th October 2017 There is a need for a new social narrative that balances generating profits with building social capital to drive inclusive economic growth in Africa, says management consultant IQbusiness CEO Adam Craker.  

Businesses must take action to drive inclusive growth in Africa
ADAM CRAKER South Africa must focus on building a strong home economy if it is to be a participant in regional or continental growth

Clarifying sustainability reporting imperative for modern business

By: Robyn Wilkinson     20th October 2017 A clear and shared sustainability reporting framework is integral for enabling companies to demonstrate a positive impact on not only the economies but also the societies and environments in which they operate, says independent international organisation Global Reporting Initiative (GRI) CE Tim... 

Clarifying sustainability reporting imperative for modern business
Photo by Bloomberg
DRIVING GROWTH GRI is assisting SMEs in Africa to gain access to global value chains by building their capacities for corporate sustainability management and reporting

Treasury appoints new deputy director-general for public finance

By: Thabi Madiba     19th October 2017 National Treasury on Thursday issued a statement congratulating the newly appointed deputy director-general for public finance Dr Mampho Modise. She was formerly a chief director for strategy and risk management in the department’s Asset and Liability Management division and dealt with policy... 

Treasury appoints new deputy director-general for public finance
Photo by Duane
Finance Minister Malusi Gigaba

If Zuma removes me, I’ll accept it – Ramaphosa

By: African News Agency      19th October 2017 I serve at the pleasure of the President, and If I’m fired, it will be at the pleasure of the President, South Africa’s deputy president said on Thursday. Cyril Ramaphosa was asked by opposition party members in the National Assembly to confirm or deny speculation that he was next in line to be... 

If Zuma removes me, I’ll accept it – Ramaphosa
Deputy President Cyril Ramaphosa

‘Absolutely no need' for nuclear, Dames says in State-capture testimony

By: Kim Cloete     18th October 2017 Former Eskom CEO Brian Dames has revealed that he faced a breakdown in communication between the board and management, as well as death threats during his time at the state utility.  He has also told Parliament’s Portfolio Committee on Public Enterprises that there is "absolutely no need" for... 

‘Absolutely no need' for nuclear, Dames says in State-capture testimony
Former Eskom CEO Brian Dames

Economist warns of consequences of low growth, potential tax hikes

By: Ilan Solomons     18th October 2017 It is well known that the South African economy is having serious growth challenges, which is unlikely to improve over the next three years, with best estimates that the country’s gross domestic product (GDP) will grow by just 2% during this period. This is according to financial services company... 

Economist warns of consequences of low growth, potential tax hikes
Photo by Duane Daws
Citibank South Africa chief economist Gina Schoeman

Chamber files for review of 'disastrous' Mining Charter

By: News24Wire      18th October 2017 The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a... 

Chamber files for review of 'disastrous' Mining Charter
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

Brian Dames: Gigaba adviser lured me to meet Guptas

By: News24Wire      18th October 2017 Former Eskom CEO Brian Dames said he was asked to meet “some people” who turned out to be the Guptas by Finance Minister Malusi Gigaba’s adviser Siyabonga Mahlangu. “It was somewhere in Midrand and there was one other individual: I assume it was one of the brothers,” he said. “I was very angry... 

Brian Dames: Gigaba adviser lured me to meet Guptas
Former Eskom CEO Brian Dames

‘You are too late’ – Dames on State capture inquiry

By: News24Wire      18th October 2017 Former Eskom chief executive Brian Dames told Parliament’s State capture inquiry on Wednesday that while the process is a great move, it was too late. “You are too late,” he said. “You should have done this a long time ago.” 

‘You are too late’ – Dames on State capture inquiry
Photo by Duane Daws
Former Eskom CEO Brian Dames

Evidence of blatant corruption at Eskom unpacked at Parliament’s inquiry into State capture

By: Kim Cloete     17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has kicked off its inquiry into alleged State capture with a report revealing “overwhelming evidence of grand corruption”, governance failure and a stream of irregularities at Eskom, South Africa’s largest State-owned entity. Research... 

Evidence of blatant corruption at Eskom unpacked at Parliament’s inquiry into State capture
Research professor Anton Eberhard

EU remains focused on progressive trade policies, transparency

By: Natasha Odendaal     17th October 2017 Transparency, as well as balanced, inclusive and progressive trade policies remain top priorities for the European Union (EU) Commission as it shifts its trade approach in an ever-changing world to harness globalisation fairly. In recent years, global trade has come under immense negative... 

EU remains focused on progressive trade policies, transparency
Photo by Bloomberg
European Union Commissioner for Trade Cecilia Malmström
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