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State Companies News

Procurement standard set to stop use of ‘cheap’ professional services

By: Marleny Arnoldi     Updated 2 hours 46 minutes ago The National Treasury’s (NT’s) standard for infrastructure procurement and delivery management aimed at addressing government’s use of “cheap” professional service providers in public infrastructure projects officially became applicable to municipalities last month.  

Govt denies rumours of 'super presidency' taking over budget process

By: News24Wire      17th August 2017 Communications Minister Ayanda Dlodlo on Wednesday downplayed suggestions that government wants to create a so-called super presidency by having a hand in budgetary processes. During a media briefing following the Cabinet meeting, Dlodlo said Cabinet approved the mandate paper for the 2018 Budget. 

 Govt denies rumours of 'super presidency' taking over budget process
Communications Minister Ayanda Dlodlo

Infraco to get new CEO as Kwele’s term ends

By: Creamer Media Reporter      17th August 2017 Cabinet on Thursday reported the appointment of AD Matseke as CEO of State-owned Broadband Infraco for a five-year term from September 1, 2017, to August 30, 2022. Further, the fixed-contract of current CEO Phuleng Kwele has been extended by three months from September 1 to November 30. 

Denel appoints new CFO, legal officer

     17th August 2017 State-owned Denel has appointed Odwa Mhlwana CFO and Vuyokazi Xaxa company secretary and legal officer.   “The new additions to our executive team are critical to create stability in Denel and will contribute to our transformation into a self-sustaining State-owned company,” says Denel acting CEO... 

In a context of State capture, the ‘developmental-State project is almost dead’

By: Terence Creamer     17th August 2017 In the context of State capture and corruption, former Deputy Finance Minister Mcebisi Jonas believes South Africa’s “developmental-State project is almost dead”, with resources being diverted away form dealing with the country’s serious unemployment crisis towards poorly governed State-owned... 

In a context of State capture, the ‘developmental-State project is almost dead’
Mcebisi Jonas

Parliamentary State capture probe hits first hurdle

By: African News Agency      16th August 2017 The investigation into State capture by Parliament’s portfolio committee on public enterprises on Wednesday hit its first hurdle as it was confirmed to members that the legislature would not pay for an independent evidence leader. Acting chairperson Zukiswa Rantho told MPs she had asked the chair... 

Parliamentary State capture probe hits first hurdle

Eskom given 30 days to meet Nersa requirements for 2018 tariff application 

By: Terence Creamer     11th August 2017 The National Energy Regulator of South Africa (Nersa) has refused Eskom’s request to deviate from key aspects of the multiyear price determination (MYPD) methodology, as well as the minimum information requirements for a tariff application (MIRTA) and has given the utility until the end of August... 

Eskom given 30 days to meet Nersa requirements for 2018 tariff application

Zuma survives no confidence vote, opposition vow to step up pressure

By: African News Agency      8th August 2017 President Jacob Zuma on Tuesday survived a vote of no confidence in the National Assembly, but the result indicated that a significant number of African National Congress (ANC) MPs broke ranks to support the opposition motion. Speaker Baleka Mbete announced that 177 MPs voted in favour of the... 

Zuma survives no confidence vote, opposition vow to step up pressure
Photo by Reuters
President Jacob Zuma

Gigaba orders forensic investigation into Tegeta report

By: Creamer Media Reporter      4th August 2017 National Treasury is set to undertake a forensic investigation into the Tegeta report which it handed over to Parliament’s Standing Committee on Public Accounts (Scopa). The investigation deals with the processes related to coal supply contracts awarded to Gupta-linked Tegeta Exploration and... 

Sacci, Outa welcome appointment of Jarana as SAA CEO

By: Creamer Media Reporter      4th August 2017 The South African Chamber of Commerce and Industry (Sacci) and the Organisation Undoing Tax Abuse (Outa) on Friday welcomed the appointment of Vuyani Jarana as the new CEO of South African Airways (SAA). He is the first permanent CEO to be appointed at the airline since 2014.   “He is a person... 

Gigaba warns of wider risk of SAA default

By: African News Agency      4th August 2017 Finance Minister Malusi Gigaba on Friday voiced frustration at the slow pace at which South African Airways was taking steps to stem its financial losses and warned that defaulting on its debt payments could trigger a wider reaction from state-owned entities’ lenders. Gigaba said one example was... 

Gigaba warns of wider risk of SAA default

First delivery of locomotives expected in Q4

By: Simone Liedtke     4th August 2017 Rail technology provider Bombardier Transportation (BT) will hand over the first of 240 Bombardier Traxx Africa locomotives to State-owned freight utility Transnet, during the fourth quarter of this year. 

Station’s strategic location to improve corridor capacity

By: Simone Liedtke     4th August 2017 Rosmead station, in the Eastern Cape, was identified as strategic in improving operational capacity along the export corridor and forms part of Phase 1 of State-owned freight utility Transnet’s Port of Ngqura manganese export expansion project. 

Successful event to be held again next year

     4th August 2017 Following the success of the Africa Rail exhibition and conference in 2017, the event will be held again on June 12 to 13 next year at the Sandton Convention Centre, in South Africa. 

Treasury announces new SAA CEO, completes first three economic ‘action plans’ 

By: Natasha Odendaal     3rd August 2017 Three key deadlines for specific actions within the National Treasury’s new 14-point plan have been met, with the appointment of new South African Airways (SAA) CEO Vuyani Jarana this week marking the third completed task. Jarana, currently Vodacom Business CEO, is set to start once his... 

Treasury announces new SAA CEO, completes first three economic ‘action plans’

Minister lauds court ruling invalidating two PRASA contracts worth millions of rand

By: African News Agency      2nd August 2017 Transport Minister Joe Maswanganyi on Wednesday said he “welcomes” the Pretoria High Court judgment ruling two contracts entered into by Passenger Rail Agency of South Africa (PRASA) with Fenton Gastin, its CFO, were invalid. The first contract that was found to be invalid was the one entered... 

Zim staves off punitive action by Eskom, again – report 

By: News24Wire      2nd August 2017 Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40-million debt. Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut... 

Brown sacks personal assistant over Gupta links

By: African News Agency      2nd August 2017 Public Enterprises Minister Lynne Brown on Wednesday asked her personal assistant Kim Davids to resign after details of her ties to the controversial Gupta family emerged. ”This past week I have been confronted by allegations against Ms Davids. In the interest of fairness, I asked Ms Davids to... 

Localisation in infrastructure development in SADC critical for industrialisation

By: Anine Kilian     1st August 2017 Localisation in infrastructure development across the Southern African Development Community (SADC) region is critical for industrialisation, according to African Integration and Industry chief director Nigel Gwynne-Evans, who spoke at the SADC Industrialisation Week in Johannesburg on Tuesday.... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

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,... 

Kubayi refutes CEF board suspension report
Energy Minister Mmamoloko Kubayi

TNPA appoints first female CE

By: Creamer Media Reporter      1st August 2017 Shulami Qalinge has been appointed to succeed Richard Vallihu as CE of the Transnet National Ports Authority (TNPA), effective July 7. She is the first female CE of the TNPA and will provide strategic direction and leadership in the implementation of the overall TNPA strategic objectives and... 

TNPA appoints first female CE

Outgoing PRASA board slams transport minister on completion of tenure

By: African News Agency      1st August 2017 Popo Molefe, the outgoing chairperson of the Passenger Rail Agency of South Africa (PRASA) board which completed its term on Monday, took a parting shot at new Transport Minister Joe Maswanganyi for failing to attend requested meetings aimed at tackling corruption and governance anomalies. “The... 

Names of all IDC clients, including politically exposed people, now being made public 

By: Terence Creamer     31st July 2017 The Industrial Development Corporation (IDC) has officially started to publish, on its website, the identities of all of its clients, including those officially identified as politically exposed people (PEPs). This disclosure affects all of the State-owned development finance institution’s... 

Names of all IDC clients, including politically exposed people, now being made public
Economic Development Minister Ebrahim Patel on why the IDC will, from know on, be disclosing the identities of its clients. Camera Work: Nicholas Boyd. Editing: Lionel da Silva. Recorded: 31.7.2017.

Eskom CFO Anoj Singh placed on special leave

By: African News Agency      28th July 2017 Eskom’s chief financial officer Anoj Singh was placed on special leave on Thursday, amid mounting allegations of improper financial dealings by the power utility with companies in the Gupta business empire, “The Board of Directors of Eskom has taken a decision to grant Chief Financial Officer, Mr... 

Eskom CFO Anoj Singh placed on special leave

Education institutions struggling with connectivity

By: Simone Liedtke     28th July 2017 Amid water, electricity and basic infrastructure challenges at various education institutions, the lack of Internet connectivity has also been a challenge, states wireless connectivity firm Ruckus sub-Saharan Africa sales director Riaan Graham. 

Education institutions  struggling with connectivity
RIAAN GRAHAM Connectivity to the Internet is essential and if it is available at a school, WiFi can be used to distribute access to the students

State capture is about ‘stealing State resources’ – Gordhan  

By: Sane Dhlamini     27th July 2017 Former Finance Minister Pravin Gordhan said on Wednesday that State capture was about “stealing State resources” and that it was a no-go area for him and his former deputy Mcebisi Jonas. Gordhan and Jonas both addressed a seminar organised by the University of Johannesburg, on State capture,... 

State capture is about ‘stealing State resources’ – Gordhan
Former Finance Minister Pravin Gordhan, his former deputy Mcebisi Jonas and economist Lumkile Mondi addressed a seminar organised by the University of Johannesburg, on State capture, white monopoly capital and radical transformation. Video and editing: Darlene Creamer

No local-content verification of Transnet locomotives conducted yet, SABS confirms 

By: Terence Creamer     26th July 2017 The South African Bureau of Standards (SABS) has confirmed with Engineering News Online that it has not conducted any verification of local content in the 1 064 locomotives being acquired by Transnet and that it also does not have an agreement with Transnet to do so. Transnet awarded the... 

No local-content verification of Transnet locomotives conducted yet, SABS confirms

Minister Brown says ‘Gupta freebie’ allegations against officials must be probed

By: African News Agency      26th July 2017 Public Enterprises Minister Lynne Brown says she is fully behind investigations by the Directorate for Priority Crime Investigation (Hawks) into allegations of corruption levelled against officials in her department.  Brown’s personal assistant, Kim Davids, this week became the latest official to... 

Minister Brown says ‘Gupta freebie’ allegations against officials must be probed
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

SAA asked for R10bn injection – Treasury

By: Reuters     25th July 2017 South Africa's troubled state-run airline South African Airways asked the Treasury for a R10-billion ($770-million) bail-out in March, Finance Minister Malusi Gigaba said in a written reply to parliamentary questions. Gigaba did not say if the request for R10-billion would be granted. The... 

SAA asked for R10bn injection – Treasury

South Africa’s ‘accelerating’ SOE-guarantee exposure a risk to debt sustainability

By: Terence Creamer     24th July 2017 Rising contingent liabilities in State-owned enterprises (SOEs), together with the recent ratings downgrades pose the main risks to South Africa’s debt sustainability, the Organisation for Economic Cooperation and Development (OECD) cautions in its fifth and latest economic survey of the country.... 

South Africa’s ‘accelerating’ SOE-guarantee exposure a risk to debt sustainability
Photo by Duane Daws
OECD secretary-general Angel Gurría and South Africa's Finance Minister Malusi Gigaba

Public Protector to investigate Brian Molefe over R30m ‘golden handshake’

By: African News Agency      24th July 2017 Public Protector Advocate Busisiwe Mkhwebane has agreed to investigate disgraced former Eskom CEO Brian Molefe, for the R30 million “golden handshake” he received was awarded by the beleaguered power utility. Democratic Alliance (DA) MP Natasha Mazzone on Monday said her party requested the... 

CSP engineering specialist optimistic of technology’s inclusion in new IRP

By: Terence Creamer     24th July 2017 Global engineering and technology group SENER, which is active in three concentrated solar power (CSP) projects in South Africa, is optimistic that South Africa’s updated Integrated Resources Plan (IRP) will include an allocation for CSP, despite the technology’s exclusion from the draft Base... 

CSP engineering specialist optimistic of technology’s inclusion in new IRP
SENER regional MD Siyabonga Mbanjwa

South Africa makes surprise recovery in 2017 reputation index

By: Terence Creamer     21st July 2017 Despite ongoing political turmoil and an increase in policy uncertainty, South Africa made a surprise recovery in the 2017 edition of a global reputation study, rising four places to 45 out of 71 countries measured. Unveiling the results of the latest Country RepTrak study, which has been... 

South Africa makes surprise recovery in 2017 reputation index

Eskom ‘galloping’ towards financial distress, says Num 

By: African News Agency      20th July 2017 The National Union of Mineworkers (Num) on Thursday said Eskom was heading for financial distress despite the power utility’s assurances this week that it was on firm financial footing. Eskom released its 2016/17 financial results on Wednesday in which it said earnings before interest, taxes,... 

Eskom ‘galloping’ towards financial distress, says Num

Eskom’s reputational platform is burning 

By: Terence Creamer     20th July 2017 Arguably one of the most telling statements made at this week’s Eskom results presentation was the public assurance given by interim CEO Johnny Dladla that “no decision would, in future, be taken outside the executive committee meetings. “Whatever decision is taken, it will be a decision that is... 

Eskom’s reputational platform is burning
Second Take: Eskom’s reputational platform is burning

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

State capture casts long shadow over Eskom’s results
Interim Eskom CEO Johnny Dladla on his first 21 days and his main priorities for the embattled utility. Camera Work & Editing: Darlene Creamer. Recorded: 19.7.2017
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