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State Companies News

Court rejects Zuma's bid to review State capture report

By: African News Agency      13th December 2017 The High Court in Pretoria on Wednesday ruled that Chief Justice Mogoeng Mogoeng will select the judge to preside over the State capture commission of inquiry ordered by former public protector Thuli Madonsela. "The President [Jacob Zuma] is directed to appoint a commission of inquiry within 30... 

South African defence industry group beleaguered by financial woes

By: Keith Campbell     13th December 2017 Trade union Solidarity on Wednesday reported that State-owned defence industrial group Denel might not be able to pay its staff their salaries for December. It did so in a press release, following a meeting with Denel management, and expressed its “shock and concern” at the situation. The union... 

South African defence industry group beleaguered by financial woes
Photo by Keith Campbell/Creamer Media
Some Denel products on display: in the very front, a portable launch system for the Ingwe anti-tank missile, followed by the Ingwe missile itself; behind them a Badger Infantry Fighting Vehicle and in the rear, a Casspir mine protected vehicle. Just visible between the Badger and the Casspir is a Seeker 400 unmanned aerial vehicle

Court action to stop PRASA 'conspiracy'

By: News24Wire      12th December 2017 The Passenger Rail Agency of South Africa (PRASA) has missed a deadline to respond to demands by the UniteBehind coalition. Legal action will now be taken against the agency responsible for Metrorail, GroundUp reports. 

Brown to reveal new Eskom board late on Friday

By: News24Wire      8th December 2017 Public Enterprises Minister Lynne Brown will reveal Eskom's new board on Friday. Brown's spokesperson Colin Cruywagen said that the long-awaited announcement would be made by end of business on Friday. 

 Brown to reveal new Eskom board late on Friday
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Battling threat of sugar tax, excessive imports and low price

By: Victor Moolman     8th December 2017 The large amount of sugar being imported into South Africa has caused the country’s sugar industry, which may soon be further compromised by the introduction of a sugar tax, to start exporting sugar at world market prices to offload excess sugar, which it is unable to sell locally. While opposing... 

Battling threat of sugar tax, excessive imports and low price
Photo by Victor Moolman
DEDICATED TO SUGAR CANE Large parts of KwaZulu-Natal and Mpumalanga, about 360 000 ha, are dedicated to growing sugar cane

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate

By: Terence Creamer     7th December 2017 President Jacob Zuma used his address at the Energy Indaba, taking place in Johannesburg this week, to assure business and investors that the upcoming African National Congress (ANC) elective conference would be “orderly and peaceful”, while promising a “seamless” handover to the new ANC... 

Zuma promises ‘seamless’ ANC transition at energy indaba that sidesteps IRP debate
President Jacob Zuma and Energy Minister David Mahlobo

New Eskom board to be announced on Friday

By: African News Agency      7th December 2017 The new board of South Africa's State-owned power utility Eskom will be announced on Friday, an official from the department of public enterprises said on Thursday. The names were discussed in Wednesday's cabinet meeting, but Public Enterprises Minister Lynne Brown's spokesperson Colin Cruywagen... 

 New Eskom board to be announced on Friday

Kganyago concerned another big power tariff hike will trigger grid defections

By: Terence Creamer     6th December 2017 South African Reserve Bank governor Lesetja Kganyago has added his voice to a growing chorus of concern that South African businesses, and even high-income households, could defect from the electricity grid in numbers should Eskom prevail in its bid for a 19.9% tariff increase from April 1, 2018.... 

Kganyago concerned another big power tariff hike will trigger grid defections
South African Reserve Bank governor Lesetja Kganyago

Nersa says special power deal for Silicon Smelters must start on July 1 or earlier

By: Terence Creamer     6th December 2017 The National Energy Regulator of South Africa (Nersa) has confirmed that a special pricing agreement (SPA) between Eskom and Silicon Smelters, which was approved in August, should commence no later than July 1, 2018, and continue for a maximum of two years. Silicon Smelters, a subsidiary of... 

Nersa says special power deal for Silicon Smelters must start on July 1 or earlier

Sarb’s attack could cost Mkhwebane her job, PP counsel argues

By: News24Wire      6th December 2017 The South African Reserve Bank’s (Sarb) personal attack on Public Protector Busisiwe Mkhwebane’s integrity could cost Mkhwebane her job, a court has heard. During the Bankorp-CIEX hearing which continued on Wednesday at the North Gauteng High Court, Mkhwebane’s legal counsel Paul Kennedy SC... 

 Sarb’s attack could cost Mkhwebane her job, PP counsel argues
Photo by Reuters
Public Protector Busisiwe Mkhwebane

Transnet board, executives to be summonsed after no-show in Parliament

By: African News Agency      6th December 2017 The board and executives of South Africa's State-owned freight and logistics company, Transnet, will be summonsed to appear before Parliament's standing committee on public accounts (Scopa) after a no-show on Wednesday. Board chairperson Linda Mabaso and her team were expected to respond to MPs... 

 Transnet board, executives to be summonsed after no-show in Parliament

Eskom inquiry postponed, suspended CFO Singh accused of delaying tactics

By: African News Agency      5th December 2017 Suspended Eskom CFO Anoj Singh was on Tuesday told he would be called to testify before Parliament’s inquiry into the power utility at a later date, after he infuriated MPs by submitting 400 pages of documentation less that 24 hours before his scheduled appearance. “We are not going to engage... 

Eskom administrator tells inquiry he insisted Brown be informed of Molefe's retirement package

By: African News Agency      5th December 2017 Eskom administrator Anton Minnaar on Tuesday told the parliamentary inquiry into Eskom that he insisted Public Enterprises Minister Lynne Brown be informed of the plans to grant former CEO Brian Molefe early retirement shortly after he left the company. "I knew there is risk in this whole thing,... 

 Eskom administrator tells inquiry he insisted Brown be informed of Molefe's retirement package
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Transnet CEO urges more investment in African ports

By: African News Agency      5th December 2017 The head of South Africa’s State-owned transport company Transnet on Tuesday called for greater integration, deregulation and investment into Africa’s port capacity, to reduce costs and increase turnaround times. Transnet CEO Siyabonga Gama told the African Terminal Operators’ Conference in... 

Sars denies paying Makwakwa a bonus while on suspension

     4th December 2017 The South African Revenue Service (Sars) on Monday dismissed as "inaccurate and untrue" media reports that its embattled chief officer of business and individual tax, Jonas Makwakwa, was paid a bonus while on suspension. "Sars finds it necessary to specifically clarify the deliberate... 

Sars denies paying Makwakwa a bonus while on suspension
Photo by Duane Daws
Sars Commissioner Tom Moyane

Nersa shifts Eskom tariff decision to December 13

By: Terence Creamer     4th December 2017 The National Energy Regulator of South Africa (Nersa) confirmed on Monday that it would announce its decision on Eskom’s 2018/19 revenue application on December 13, instead of the December 7 date initially set for the determination. “The date has been changed due to more time being required to... 

Nersa shifts Eskom tariff decision to December 13

CIPC collaboration with banks to extend to BEE certification

By: Nadine James     1st December 2017 Company registration and business licensing organisation, the Companies and Intellectual Property Commission (CIPC) reports that companies will soon be able to attain black economic empowerment (BEE) certificates from South Africa’s four main banking institutions. CIPC commissioner Advocate Rory... 

Necsa shuts down key unit because of compliance failure

By: Keith Campbell     1st December 2017 The South African Nuclear Energy Corporation (Necsa) has executed an immediate shut down of its NTP Radiochemical Facility, because of non-compliance with licensing conditions. NTP produces radioisotopes for both industrial and an especially medical purposes, and many cancer and other patients in... 

Lynne Brown says she will not resign

By: African News Agency      30th November 2017 Public Enterprises Minister Lynne Brown on Thursday dismissed calls for her resignation, saying that South African State-owned companies were in a better position since she took over in 2014. Brown, who twice missed a session to answer questions in the National Assembly - once because she was... 

Lynne Brown says she will not resign
Photo by Duane Daws
Public Enterprises Minster Lynne Brown

Ramaphosa rules out IMF assistance for Eskom

By: African News Agency      30th November 2017 Deputy President Cyril Ramaphosa on Thursday emphatically ruled out International Monetary Fund (IMF) assistance for struggling State-owned power utility Eskom, saying it could cost the country in terms of sovereignty. "Eskom is a jewel of our democracy and we need to pay attention to it and we... 

 Ramaphosa rules out IMF assistance for Eskom
Photo by Reuters
Deputy President Cyril Ramaphosa

Academy of engineers calls for nuclear procurement halt until IRP consensus is reached

By: Terence Creamer     30th November 2017 The South African Academy of Engineering (SAAE) has called for a moratorium on the procurement of new electricity generation capacity, including nuclear power, until consensus has been reached on a new Integrated Resource Plan (IRP), which should be the outcome of “proper consultation in an open... 

Academy of engineers calls for nuclear procurement halt until IRP consensus is reached
Photo by Duane Daws
Energy Minister David Mahlobo

Molefe's R30m pension was unlawful, must pay back – DA

By: African News Agency      29th November 2017 South Africa's official opposition, the Democratic Alliance (DA) on Wednesday told the High Court in Pretoria that the R30.1-million pension granted to former Eskom CEO Brian Molefe was unlawful. "He told the whole nation and the minister [Public Enterprises ... Minister Lynne Brown] that he was... 

 Molefe's R30m pension was unlawful, must pay back – DA
Photo by Duane Daws
Former Eskom CEO Brian Molefe

SAA's debt at R13.8bn, losses to widen – executives

By: Reuters     29th November 2017 Losses at South African Airways (SAA) are set to widen to R4-billion ($292.86 million) in 2017/18 from a previous estimate of R2.8-billion, the State airline's CFO said, piling further pressure on government finances. Last week, SAA said even with a government injection of R10-billion, the... 

Pretoria court to hear application for Molefe to reimburse Eskom

By: African News Agency      29th November 2017 Former Eskom CEO Brian Molefe’s court action to repay his R30.1-million pension, has been set down to be heard in Pretoria’s North Gauteng High Court for three days, starting on Wednesday. Molefe was taken to court by Solidarity, the Democratic Alliance and the Economic Freedom Fighters, which... 

Koko disciplinary hearing 'fair and transparent' - Eskom

By: African News Agency      29th November 2017 Stung by criticism, Eskom on Wednesday issued a statement declaring that it's disciplinary hearing of its suspended group executive, Matshela Koko, was being conducted in "a fair, professional, and transparent manner". The power utility said it "has noted with great concern" some media reports... 

Grid operators turning to batteries as costs fall and need for flexibility rises

By: Terence Creamer     28th November 2017 The standalone cost of battery energy storage remains above South Africa’s prevailing, albeit rising, electricity tariffs, but could already be commercially viable in some instances when the “stacked benefits” of the technology are taken into account. A levelised cost of electricity (LCOE) study... 

Grid operators turning to batteries as costs fall and need for flexibility rises
Photo by Duane Daws
Eskom's battery energy storage test site at Rosherville, in Gauteng

MPs call for Parliamentary probe into Transnet–Gupta links

By: African News Agency      28th November 2017 Members of Parliament (MPs) from across the political divide on Tuesday called for a probe into allegations of State capture at South African State-owned freight and logistics company, Transnet. Transnet group chief executive Siyabonga Gama and his team appeared before Parliament’s standing... 

Eskom links Medupi new coal-fired unit to national grid

By: Reuters     28th November 2017 Eskom has linked unit four of its Medupi coal power station, which has been marred by delays, to the grid, the State-owned power utility said on Tuesday. The coal-fired unit in South Africa's Limpopo province is a rare example of a Medupi project that has been completed ahead of time. It was... 

Eskom inquiry cancelled for this week

By: Reuters     27th November 2017 Parliament announced on Monday that the inquiry into the mismanagement of funds at state power utility Eskom will not sit this week. In a statement, Parliament said the Portfolio Committee on Public Enterprises will not meet this week to conduct its inquiry on Eskom into the mismanagement of... 

Growing domestic demand at heart of plan to create a million manufacturing jobs 

By: Terence Creamer     24th November 2017 The Manufacturing Circle released a plan on Friday outlining how South Africa could create a million jobs over a ten-year period through pursuing a series of reforms designed at stimulating demand for South African manufactured products and improving the investment climate. The 48-page document,... 

Growing domestic demand at heart of plan to create a million manufacturing jobs
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies and Manufacturing Circle chairperson André de Ruyter

Hawks probing Brian Molefe's R30m pension payout claims

By: News24Wire      24th November 2017 Trade Union Solidarity announced on Thursday that it would launch legal proceedings to force former Eskom CEO Brian Molefe to repay the "unlawful" R30-million pension payout he received. "Unlawful actions must bear consequences. An apology and even pay back [from Molefe], is not enough,"... 

Hawks probing Brian Molefe's R30m pension payout claims
Photo by Duane Daws
Former Eskom CEO Brian Molefe

Active pharmaceutical ingredients pilot plant marks important step for SA industry

By: Keith Campbell     24th November 2017 A pilot plant for the manufacture of generic active pharmaceutical ingredients (APIs) has been officially opened in Pretoria. A R50-million joint project between local company CPT Pharma (CPT standing for Chemical Process Technologies), the Industrial Development Corporation (IDC) and the... 

Tax, spend, squander provide toxic backdrop for nuclear plans

By: Keith Campbell     24th November 2017 On November 7, France ran out of money. Or, rather, France ran out of its own money; that is, it ran out of all the money the French State had gathered in taxes and other imposts. Between November 7 and December 31, the French State is running on borrowed money. This fascinating calculation was... 

South African nuclear body shuts down key unit because of compliance failure 

By: Keith Campbell     22nd November 2017 The South African Nuclear Energy Corporation (Necsa) has executed an immediate shut down of its NTP Radiochemical Facility, because of non-compliance with licensing conditions. NTP produces radioisotopes for both industrial and an especially medical purposes, and many cancer and other patients in... 

South African nuclear body shuts down key unit because of compliance failure
Photo by Duane Daws/Creamer Media
An aerial view of Necsa’s complex at Pelindaba

Eskom’s ‘death spiral’ under the microscope 

By: Terence Creamer     21st November 2017 A major topic of discussion during recent public hearings into Eskom’s 2018/19 revenue application, was whether a further double-digit tariff hike could trigger a “utility death spiral”, whereby rising tariffs and utility costs spark an exodus of energy-intensive customers from the network,... 

Eskom’s ‘death spiral’ under the microscope

SAA remains undercapitalised, despite bailout 

By: Reuters     21st November 2017 South African Airways on Tuesday said even with a recent government injection of R10-billion ($709-million), the struggling airline will remain under-capitalised with a negative equity position of over R9-billion, a presentation to Parliament showed. The national airline has been relying on... 

SAA remains undercapitalised, despite bailout

Eskom rejects call for inflation-capped hike, as Nersa gears up for Dec 7 decision 

By: Terence Creamer     20th November 2017 State-owned power utility Eskom has rejected calls for its 2018/19 tariff to be capped at the level of inflation, arguing that such a move would be financially unsustainable as it would result in a revenue reduction, which would further squeeze its liquidity and could place the country’s credit... 

Eskom rejects call for inflation-capped hike, as Nersa gears up for Dec 7 decision
Photo by Duane Daws
Nersa fulltime regulatory member for electricity Mbulelo Ncetezo says decision should be announced on December 7
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