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State Companies News

Legislative framework for SOEs inadequate – Maswanganyi

By: Anine Kilian     23rd June 2017 South Africa’s transport industry is not immune to the challenges faced by State-owned enterprises (SOEs), according to Transport Minister Joe Maswanganyi, who told a media briefing on Friday that the legislative framework for SOEs in South Africa was inadequate, conflicting and duplicitous.... 

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... 

If Koko returns, it won’t be as acting CEO, Brown avers, as she unveils interim board
Photo by Duane Daws
Zethembe Khoza, Lynne Brown, Ben Martins and Johnny Dladla

Local defence sector seeks strategic support from government

By: Keith Campbell     23rd June 2017 Pre-Cabinet level discussions are under way within the Government about transferring State-owned defence industrial group Denel from the aegis of the Department of Public Works to that of the Department of Defence (DoD). This was stated by Defence Secretary Dr Sam Gulube at a recent function... 

Salga calls on municipalities to comply with audit outcomes

By: Anine Kilian     22nd June 2017 The South African Local Government Association (Salga) has reiterated its call for action to be taken against municipalities that do not comply with audit outcomes, stating that municipalities that have irregular outcomes should face consequences. The latest municipal audit outcomes of local... 

Dladla appointed acting Eskom CEO ahead of closely watched AGM 

By: Terence Creamer     22nd June 2017 The board at State-owned power utility Eskom announced on Thursday that Johnny Dladla had been appointed acting group CEO with immediate effect. The position of CEO and acting CEO has been vacant since late May, when a decision was made to rescind the highly controversial reappointment of Brian... 

Dladla appointed acting Eskom CEO ahead of closely watched AGM
Johnny Dladla

Transnet denies claim that no CSR locomotives made in South Africa 

By: Terence Creamer     21st June 2017 State-owned freight logistics group Transnet has described as “inaccurate” the claim that none of the locomotives procured from China South Rail (CSR) have been manufactured locally. Research commissioned by independent economic research institution Trade and Industrial Policy Strategies (TIPS)... 

Transnet denies claim that no CSR locomotives made in South Africa

MPs to include State capture in Molefe probe

By: African News Agency      21st June 2017 Parliament’s portfolio committee on public enterprises on Wednesday resolved to devote August to an in-depth probe of the circumstances surrounding Brian Molefe’s re-appointment to the helm of Eskom, including allegations of the Gupta family’s hold on the power utility. “The committee agrees that... 

Institute of Directors guns for SAA chair, Dudu Myeni 

By: African News Agency      20th June 2017 The Institute of Directors in Southern Africa (IoDSA) said on Tuesday that the South African Airways (SAA) board and chairperson must fulfil their duties at this critical juncture. This comes after the Mail & Guardian last week reported that SAA chair, Dudu Myeni, had recently missed several... 

SAA to implement turnaround plan 

By: Megan van Wyngaardt     20th June 2017 Cash-strapped South African Airways (SAA) has compiled a five-year business turnaround plan, aimed at improving its financial stability, it said on Tuesday. The national carrier is currently plagued by a weak balance sheet, with projected losses of R3.5-billion for 2016/17– a R 2-billion increase... 

SAA to implement turnaround plan
Photo by Duane Daws
South African Airways acting CEO Musa Zwane

Companies Tribunal to hear case on SAA chair Dudu Myeni 

By: News24Wire      19th June 2017 The Companies Tribunal is on Monday set to hold a hearing on whether Dudu Myeni acted in a delinquent manner in her capacity as director of the South African Airways (SAA) board. In March, the Organisation Undoing Tax Abuse (OUTA) and the South African Airways Pilots Association had initially... 

Companies Tribunal to hear case on SAA chair Dudu Myeni
Photo by Duane Daws
SAA Chair Dudu Myeni

Local airline announces new routes after public survey

By: Keith Campbell     16th June 2017 South African low cost carrier FlySafair announced at the beginning of the month that it was launching new routes on its network. These will be between Durban and East London and Durban and Port Elizabeth. The new routes will be in operation by the end of November. The decision to implement these... 

South Africa might not reach 2017 growth projection – Gigaba

By: Anine Kilian     15th June 2017 Owing to poor economic developments in recent months, including three ratings downgrades, South Africa may not realise its expected 2017 growth projection of 1.3%, according to Finance Minister Malusi Gigaba, who spoke at a media briefing in Pretoria on Thursday. Ratings agency Fitch this month... 

South Africa might not reach 2017 growth projection – Gigaba
Finance Minister Malusi Gigaba

‘Not one’ CSR locomotive made in South Africa, economic research group claims 

By: Terence Creamer     14th June 2017 Research commissioned by independent economic research institution Trade and Industrial Policy Strategies (TIPS) has found that, despite local-content obligations, not one of the China South Rail (CSR) locomotives being procured by Transnet has been assembled in South Africa and that all have... 

‘Not one’ CSR locomotive made in South Africa, economic research group claims

No word yet on interim Eskom CEO as Ngubane resigns as chair

By: Creamer Media Reporter      13th June 2017 Public Enterprises Minister Lynne Brown has announced that Dr Ben Ngubane has resigned as nonexecutive director and chairperson of the Eskom board with immediate effect. “Dr Ngubane formally tendered his resignation, which I accepted,” Brown said in a statement released late on Monday night. 

No word yet on interim Eskom CEO as Ngubane resigns as chair
Photo by Duane Daws
Dr Ben Ngubane

State defence group Denel could be transferred from Public Enterprises to Defence 

By: Keith Campbell     9th June 2017 Pre-Cabinet level discussions are under way within the government about transferring State-owned defence industrial group Denel from the aegis of the Department of Public Works to that of the Department of Defence (DoD). This was stated by Defence Secretary Dr Sam Gulube at a function marking the... 

State defence group Denel could be transferred from Public Enterprises to Defence
Photo by Duane Daws/Creamer Media
Secretary of Defence Sam Gulube

Transnet sets up special review committee as locomotive-contract heat is turned up

By: Terence Creamer     9th June 2017 State-owned freight logistics group Transnet has established a special committee to review the company’s procurement processes, with a specific focus on the locomotive acquisition programme. The programme, and specifically the procurement of 359 electric locomotives from China South Rail (CSR),... 

Transnet sets up special review committee as locomotive-contract heat is turned up

Telkom boasts new fit-for-purpose operating model  

By: Creamer Media Reporter      9th June 2017 Creamer Media's Chanel de Bruyn speaks to Creamer Media Deputy Editor Natasha Odendaal about how Telkom’s restructuring has benefited the group and contributed to an improved financial performance for the year ended March 31. 

Telkom boasts new fit-for-purpose operating model
Telkom boasts new fit-for-purpose operating model. Video Camera person and Editing: Nicholas Boyd.

Denel purchase of aero engine company approved with conditions

By: Keith Campbell     9th June 2017 South Africa’s Competition Commission has recommended that State-owned defence and aerospace group Denel be allowed to buy local aero-engine company Turbomeca Africa (TMA). The recommendation was given to the Competition Tribunal. The Commission announced this decision on late last month.  

EFF to lay charges against Gigaba over Transnet locomotive procurement 

By: African News Agency      8th June 2017 The Economic Freedom Fighters (EFF) on Thursday said it would open a criminal case against Finance Minister Malusi Gigaba, whom it alleged was at the centre of corruption in the procurement of diesel locomotives by Transnet. The EFF could also lay charges against the Transnet board that was in... 

EFF to lay charges against Gigaba over Transnet locomotive procurement
Photo by Bloomberg
Finance Minister Malusi Gigaba

Eskom wants Nersa to consider two outstanding RCA applications in wake of court ruling 

By: Terence Creamer     7th June 2017 State-owned electricity utility Eskom believes the decision of the Supreme Court of Appeal (SCA) to upheld an appeal by National Energy Regulator of South Africa (Nersa) and Eskom relating to implementation of a clawback mechanism in South Africa’s tariff-setting methodology opens the way for... 

Eskom wants Nersa to consider two outstanding RCA applications in wake of court ruling

Maswanganyi confirms letter to PRASA board, won’t reveal its contents

By: African News Agency      6th June 2017 Transport Minister Joe Maswanganyi on Tuesday confirmed he wrote a letter to the PRASA board, but refused to divulge whether the missive had asked board members to supply him with reasons why they should not be suspended. “…the letter remains a private and confidential correspondence between the... 

Redisa should have been stopped earlier – Outa

By: Megan van Wyngaardt     6th June 2017 The Organisation Undoing Tax Abuse (Outa) on Tuesday welcomed Environmental Affairs Minister Edna Molewa’s decision to have the Recycling and Economic Development Initiative of South Africa (Redisa) placed under liquidation, but raised some questions about the move. Last week, Molewa lodged an... 

Redisa should have been stopped earlier – Outa

Deputy finance minister dismisses report of graft

By: Reuters     6th June 2017 Deputy Finance Minister Sfiso Buthelezi said on Tuesday he was dismayed by a media report alleging he improperly benefited from tenders during his time as chairperson of the state-owned rail services company. Allegations of government corruption have escalated this week after local media began... 

Deputy finance minister dismisses report of graft
Photo by Bloomberg
Deputy Finance Minister Sfiso Buthelezi

TFR introduces new customer-centric apps

By: Megan van Wyngaardt     5th June 2017 Transnet Freight Rail (TFR) is introducing three digital business solutions to enhance its business and customer relations. Through Transnet Online, the parastatal seeks to unlock digital value. Formerly known as R2R, Transnet Online is available for customers to download from Google Play and... 

Redisa placed under liquidation

By: Megan van Wyngaardt     5th June 2017 The Recycling and Economic Development Initiative of South Africa (Redisa) has been placed under liquidation to safeguard the operations and assets associated with the programme. Environmental Affairs Minister Dr Edna Molewa filed an urgent application for the liquidation at the Cape Town High... 

Redisa placed under liquidation

Eskom to make final ‘double digit’ tariff application for 2018/19 this month

By: Terence Creamer     5th June 2017 State-owned electricity utility Eskom says it will make a final revenue application to the National Energy Regulator of South Africa (Nersa) this month, but has confirmed that the application will be for a “double digit” tariff increase for implementation on April 1, 2018. Business news website... 

Eskom to make final ‘double digit’ tariff application for 2018/19 this month
Photo by Duane Daws
Eskom CFO Anoj Singh

Brown studying Molefe’s legal challenge to dismissal as Eskom boss

By: African News Agency      5th June 2017 Public Enterprises Minister Lynne Brown is studying court documents filed by Brian Molefe to challenge his dismissal as CEO of Eskom, her office said on Monday. “We have received Mr Molefe’s documents. Minister’s Brown’s legal team is studying it,” her spokesperson Colin Cruywagen said. 

Brown studying Molefe’s legal challenge to dismissal as Eskom boss
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

IDC raises black industrialist funding target to R7.4bn for FY18

By: Terence Creamer     5th June 2017 The Industrial Development Corporation (IDC) is budgeting to pick up the pace of lending to black industrialists during its 2017/18 financial year, during which it aims to increase approvals to around R7.4-billion, from R4.7-billion in 2016/17. Divisional executive for agro, infrastructure and... 

IDC raises black industrialist funding target to R7.4bn for FY18
Divisional executive for agro, infrastructure and new industries Lizeka Matshekga

Molefe holding Eskom to ransom, says Sanco 

By: African News Agency      5th June 2017 The South African National Civic Organisation (Sanco) on Monday decried Brian Molefe’s labour court action to challenge his removal as Eskom CEO as an attempt to hold the power utility to ransom. Molefe, who was fired as Eskom CEO last week, on Sunday indicated his intention to take his former... 

Molefe holding Eskom to ransom, says Sanco
Photo by Duane Daws
Former Eskom CEO Brian Molefe

Molefe to challenge sacking in court

By: News24Wire      5th June 2017 The former head of South Africa's power utility Eskom has approached the courts to overturn his sacking, local media reported on Sunday. Eskom was told to remove chief executive Brian Molefe last week after members of the ruling African National Congress (ANC) criticised his reinstatement just... 

Molefe to challenge sacking in court
Photo by Duane Daws
Former Eskom CEO Brian Molefe

On track for Africa Rail

By: Marleny Arnoldi     2nd June 2017 This month, business-to-business media company Terrapinn will host the twentieth annual Africa Rail exhibition and conference at the Sandton Convention Centre in Johannesburg, Gauteng, from June 13 to 14. Africa Rail provides an interactive platform for rail industry stakeholders to share... 

On track for Africa Rail
INCLUSIVE GROWTH Africa Rail provides an interactive platform for rail industry stakeholders with the view to improve railway performance and its contribution to economic development

Solidarity, NUM welcome Molefe’s dismissal

By: Anine Kilian     1st June 2017 Solidarity and the National Union of Mineworkers (NUM) on Thursday welcomed Public Enterprises Minister Lynne Brown’s decision to rescind the reappointment of Brian Molefe as CEO of Eskom. The NUM said it was concerned about a lack of stability in Eskom's leadership and called on the Minister to... 

Broadening scope of State capture inquiry a transparent attempt at diversion - BLSA

By: Terence Creamer     1st June 2017 Business Leadership South Africa (BLSA) has strongly criticised an African National Congress (ANC) suggestion that the scope of a proposed judicial commission of inquiry into allegations of State capture be broadened beyond the issues outlined in the former Public Protector’s ‘State of Capture’... 

Broadening scope of State capture inquiry a transparent attempt at diversion - BLSA
Photo by Duane Daws
BLSA chairperson Jabu Mabuza

Bishop calls for Eskom board to resign, inquiry

By: Sashnee Moodley     1st June 2017 Parliament must consider an inquiry into the Eskom board’s fitness to hold office if the board does not resign, says Southern African Catholic Bishops’ Conference (SACBC) Justice and Peace Commission chairperson Bishop Abel Gabuza. He called on the board to “do the right thing” and resign... 

Bishop calls for Eskom board to resign, inquiry

Cape Town airport reaches milestone in environmental approval for new runway

By: Keith Campbell     31st May 2017 Cape Town International Airport (CTIA), which belongs to the State-owned Airports Company South Africa (Acsa), has received authorisation from the Department of Environmental Affairs (DEA) to proceed with its planned runway realignment and other necessary infrastructural developments. Acsa... 

Cape Town airport reaches milestone in environmental approval for new runway
Photo by Duane Daws/Creamer Media
Cape Town International Airport

Gigaba supports NEC sanctioned inquiry into State capture  

By: Sane Dhlamini     30th May 2017 Finance Minister Malusi Gigaba acknowledges and shares the serious concerns about corruption raised in a report released by The State Capacity Research Project and, at the same time as the African National Congress's National Executive Committee signalled a willingness to see further... 

Gigaba supports NEC sanctioned inquiry into State capture
Photo by Duane Daws
Finance Minister Malusi Gigaba

Scopa welcomes SIU investigation into Eskom coal deals

By: Ilan Solomons     30th May 2017 The Standing Committee on Public Accounts (Scopa) has welcomed the decision by Public Enterprises Minister Lynne Brown to refer Eskom’s procurement contracts, including those signed with the Gupta family-linked Tegeta Resources, to the Special Investigating Unit (SIU) for investigation. The SIU... 

Scopa welcomes SIU investigation into Eskom coal deals
Photo by Duane Daws
Minister of Public Enterprises Lynne Brown
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