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State Companies News

Eskom, IPP deadlock on renewables PPAs coming to a head 

     19th January 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the impasse between Eskom and renewables IPPs on the signing of power purchase agreements. 

IPPs ‘entitled’ to approach courts to force Eskom to sign PPAs 

By: Terence Creamer     18th January 2017 A legal opinion secured by the South African Renewable Energy Council (Sarec) relating to the refusal by Eskom to conclude contracts with 37 independent power producers (IPPs) selected as preferred bidders by the Department of Energy (DoE) more than a year ago states that the IPPs “would be... 

IPPs ‘entitled’ to approach courts to force Eskom to sign PPAs

Fedusa takes aim at SoEs with Section 77 notice  

By: Natasha Odendaal     16th January 2017 The Federation of Unions of South Africa (Fedusa) is taking a stand against government’s alleged failure to appoint “suitably qualified, accountable, responsible and responsive” management at some of South Africa’s vital parastatals. A Section 77 Protest Action Notice has been lodged with the... 

Fedusa takes aim at SoEs with Section 77 notice

Sarec slams Eskom for distorting facts in calculating renewables-related loss 

By: Terence Creamer     12th January 2017 The South African Renewable Energy Council (Sarec) has slammed as a “blatant distortion of facts” Eskom’s claim that the country suffered a net economic loss of R9-billion in 2016 as a result of the State-owned utility’s purchases of power from the country’s renewable-energy plants. It has also... 

Sarec slams Eskom for distorting facts in calculating renewables-related loss

Comair CEO raises questions on State airlines merger 

By: News24Wire      12th January 2017 It is unclear what a merger between the three State-owned airlines SAA, Mango and SA Express would achieve that cannot be achieved by each airline individually, Erik Venter, CEO of Comair, told Fin24. This was in reaction to a parliamentary response by Public Enterprises Minister Lynne Brown.... 

CSIR responds to Eskom claim of R9bn renewables-related economic loss in 2016 

By: Terence Creamer     11th January 2017 The Council for Scientific and Industrial Research (CSIR) has responded to Eskom’s claim that buying power from the country’s renewable-energy plants resulted in a net economic loss of R9-billion in 2016 – a trend that could persist for the next five years, owing to the country’s surplus supply... 

CSIR responds to Eskom claim of R9bn renewables-related economic loss in 2016

Zambia withholding $243m in tax refunds owed to mining firms

By: Reuters     28th December 2016 Zambia is withholding 2.4-billion kwacha ($243-million) of the 5-billion kwacha owed to mining companies in tax refunds because the correct documentation has not been provided, the tax authority said on Wednesday. Zambia's government began paying up to 800-million kwacha a month in Value Added... 

Zambia withholding $243m in tax refunds owed to mining firms
Photo by Bloomberg
A mine supervisor overlooks Metorox's Chibuluma copper mine, near Kitwe, Zambia

PRASA must get house in order or face collapse – Untu 

By: Megan van Wyngaardt     22nd December 2016 The United National Transport Union (Untu) has lashed out against South African railway services, including the Passenger Rail Agency of South Africa (PRASA) and Transnet, stating that it needed to provide proper service, or face “total collapse”. The union said that a number of incidences in the... 

PRASA must get house in order or face collapse – Untu

Rate of growth in social investment by SA corporates stalled in 2016

By: Dylan Slater     16th December 2016 Private sector companies and State-owned enterprises in South Africa spent R8.6-billion on social development during 2015/16, representing a 6% increase in nominal growth from the previous year, according to corporate social investment (CSI) and sustainability consultancy Trialogue.  

Rate of growth in social investment by SA corporates stalled in 2016
HANDBOOK LAUNCH Trialogue director Cathy Duff presents the findings of research into South African corporate social investment expenditure

Umkhonto missile export programme now in its final stages

By: Keith Campbell     16th December 2016 South African State-owned defence industrial group Denel announced at the end of last month that extensive testing of the Denel Dynamics Umkhonto (“Spear”, in English) naval surface-to-air missile, for an export customer, would take place early next year. The Umkhonto forms part of the armament... 

New African owners of Ibhubesi gas prospect aim to settle Ankerlig supply deal in 2017

By: Terence Creamer     15th December 2016 The new African owners of the Ibhubesi Gas Project (IGP), off South Africa’s West Coast, report that negotiations with Eskom for the supply of gas to the Ankerlig power station are ongoing, with the conclusion of a gas supply agreement (GSA) targeted for the second quarter of 2017. The project... 

New African owners of Ibhubesi gas prospect aim to settle Ankerlig supply deal in 2017
Sunbird executive chairperson Kerwin Rana

UN, Coca-Cola upskill 25 000 women entrepreneurs 

By: Anine Kilian     14th December 2016 The United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), together with The Coca-Cola Company, on Wednesday celebrated the upskilling of 25 000 female micro entrepreneurs in South Africa, achieved through the entities’ project to empower women entrepreneurs through a... 

UN, Coca-Cola upskill 25 000 women entrepreneurs
Department of Small Business Development Edith Vries talks to Engineering News Online about female entrepreneurs in South Africa

Eskom insists Koeberg not affected by manufacturing anomalies afflicting French reactors 

By: Terence Creamer     13th December 2016 South African electricity utility Eskom insisted on Tuesday that the Koeberg nuclear power station, located in the Western Cape, is not affected by manufacturing anomalies that have afflicted the French nuclear industry this year, resulting in several reactor outages. The State-owned company... 

Eskom insists Koeberg not affected by manufacturing anomalies afflicting French reactors

Gordhan lashes Eskom in address to Numsa

By: African News Agency      13th December 2016 Finance Minister Pravin Gordhan on Monday criticised State-owned enterprises for obstructing government’s objectives through corruption, as he addressed the tenth conference of the National Union of Metalworkers of SA (Numsa). “Not all boards are working for us…They must work for South Africa... 

Gordhan lashes Eskom in address to Numsa
Photo by Reuters
Finance Minister Pravin Gordhan

Sars commissioner faces fraud charges

By: Sane Dhlamini     12th December 2016 Nonprofit anticorruption organisation Corruption Watch (CW) has laid criminal charges against South African Revenue Services (Sars) commissioner Tom Moyane for fraud and corruption. The charges relate to the matter involving alleged fraud and corruption committed by senior Sars employees, Jonas... 

Sars commissioner faces fraud charges
Photo by Duane Daws
SARS Commissioner Tom Moyane

Zambia eyes energy diversification, reviews South Africa's progress

By: Natasha Odendaal     9th December 2016 Zambia has started reviewing its options to reverse the country's current energy constraints and diversify its own energy mix, leaving no viable potential initiatives off the table as it seeks to become a "power trader". The mostly hydropowered Southern African country is currently battling... 

Zambia eyes energy diversification, reviews South Africa's progress
Zambian President Edgar Lungu

Former President Mbeki appointed Unisa chancellor

By: Samantha Herbst     9th December 2016 In an effort to sustain the reputable profile of outgoing University of South Africa (Unisa) chancellor Judge Bernard Ngoepe, who served the university for 15 years before stepping down this week, Unisa has appointed former South African President Thabo Mbeki its new chancellor. In a media... 

Former President Mbeki appointed Unisa chancellor
Former President Thabo Mbeki

Public consultations for IRP, IEP get under way as DoE attracts criticism over timelines, pricing basis 

By: Natasha Odendaal     7th December 2016 Planned nationwide public consultations got under way in Boksburg on Wednesday for the Department of Energy’s (DoE’s) long-awaited draft Integrated Energy Plan (IEP) and updated Integrated Resource Plan (IRP), drawing some industry criticism regarding timelines and an outdated pricing structure.... 

Public consultations for IRP, IEP get under way as DoE attracts criticism over timelines, pricing basis

SAA still years from break-even

By: Keith Campbell     2nd December 2016 National carrier South African Airways (SAA) does not expect to reach break-even point for another five years. “We remain committed to ensuring that the airline becomes financially self-reliant and the arrival of these aircraft mark a stepping stone in our move in that direction,” assured SAA... 

SAA still years from break-even
Photo by SAA
SAA’s first Airbus A330-300 airliner

Koko appointed Eskom acting CEO 

By: Terence Creamer     30th November 2016 Eskom group executive for generation Matshela Koko has been named acting CEO as from December 1. The appointment follows the November 11 resignation of Brian Molefe, which came in the wake of the release of the Public Protector’s 'State of Capture' report, in which he was implicated. Molefe has... 

Koko appointed Eskom acting CEO
Photo by Duane Daws
Matshela Koko

Brown says current power build ‘trajectory’ may be detrimental to consumers 

By: Terence Creamer     30th November 2016 Public Enterprises Lynne Brown says that South Africa is currently adding electricity capacity to the grid at rate higher than what is required and argues that the “current trajectory” could be detrimental to consumers. She asserts, therefore, that it is “critical that the Integrated Resource... 

Brown says current power build ‘trajectory’ may be detrimental to consumers
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

S&P's downgrades Eskom further into junk territory

By: Reuters     25th November 2016 Standard & Poor's Global Ratings on Friday cut South African power utility Eskom's credit rating a further notch into subinvestment, raising concerns the country's sovereign rating would also be dragged into junk status. S&P's, which has South Africa's debt on the lowest investment level with a... 

S&P's downgrades Eskom further into junk territory
Photo by Duane Daws
CFO Anoj Singh

Eastern Cape SMMEs to manufacture dolosse for N2 refurbishment project

By: David Oliveira     25th November 2016 The South African National Roads Agency Limited (Sanral) announced last month the appointment of four small, medium-sized and microenterprises (SMMEs) in the Eastern Cape to manufacture interlocking concrete blocks, known as dolosse. The roads agency, which has a responsibility to protect its... 

‘Ramaphosa meets our criteria for president’: Cosatu

By: African News Agency      24th November 2016 Despite being embroiled in the fallout following the Marikana killings, the Congress of South African Trade Unions (Cosatu) said Deputy President Cyril Ramaphosa was the right person to take over the leadership of the African National Congress (ANC) next year. Cosatu’s second deputy president... 

‘Ramaphosa meets our criteria for president’: Cosatu

Busa concerned about Eskom, govt misalignment on nuclear component of IRP 

By: Terence Creamer     24th November 2016 Business Unity South Africa (Busa) expressed concern on Thursday about a seeming lack of alignment between government and Eskom on the nuclear component of the newly released draft base case of the Integrated Resource Plan (IRP). In a statement welcoming the Department of Energy’s (DoE’s)... 

Busa concerned about Eskom, govt misalignment on nuclear component of IRP

Home Affairs kicks off civil records digitisation project

By: Natasha Odendaal     23rd November 2016 The Department of Home Affairs (DHA) and Statistics South Africa (Stats SA) have taken the first steps in the R200-million digitisation of South Africa’s 286-million civil records – 90% of which are in paper format. DHA and Stats SA have combined their resources to digitise birth, marriage and... 

Home Affairs kicks off civil records digitisation project
Photo by Duane Daws
Home Affairs Minister Malusi Gigaba

Creecy unveils R250bn Gauteng budget, warns on risk late invoice payments pose

By: Megan van Wyngaardt     22nd November 2016 Departmental accruals, where invoices from one financial year are forwarded for payment in the following financial year, pose a threat to the overall financial health of the Gauteng provincial government (GPG) and its R250-billion Medium Term Budget, Finance MEC Barbara Creecy said on Tuesday.... 

Creecy unveils R250bn Gauteng budget, warns on risk late invoice payments pose

Dismissive of 2037 nuclear timeline in IRP base case, Eskom to release RFP by year-end 

By: Terence Creamer     22nd November 2016 State-owned power utility Eskom indicated on Tuesday that it planned to move ahead with a controversial request for proposals (RFP) for nuclear before the end of 2016, despite the base case in a draft Integrated Resource Plan (IRP) update indicating that the first reactor would only be required... 

Dismissive of 2037 nuclear timeline in IRP base case, Eskom to release RFP by year-end
Energy Minister Tina Joemat-Pettersson

National Treasury makes further strides in bringing down supplier costs

By: Natasha Odendaal     21st November 2016 In an effort to bring down supplier costs, National Treasury’s Office of the Chief Procurement Officer (OCPO) has successfully renegotiated an existing contract with Telkom-owned Business Connexion (BCX). It is expected that the renegotiated fixed-line telecommunication services contract will... 

Futuregrowth lifts DBSA lending suspension

By: Terence Creamer     21st November 2016 The Development Bank of Southern Africa (DBSA) has become the third public entity to confirm that Futuregrowth Asset Management has lifted a lending suspension imposed on it and five other State-owned companies (SoCs) earlier in the year. On August 31, Futuregrowth announced that, owing to... 

Futuregrowth lifts DBSA lending suspension
Photo by Duane Daws
DBSA CEO Patrick Dlamini

As DoE prepares to release IRP, all eyes will be on nuclear 

By: Terence Creamer     17th November 2016 The Department of Energy (DoE) will on Tuesday November 22 release the long-waited draft of the updated Integrated Resource Plan (IRP) for electricity, as well as the draft Integrated Energy Plan (IEP). The release, which will take place in Pretoria, follows the Cabinet decision of November 2,... 

As DoE prepares to release IRP, all eyes will be on nuclear
The Koeberg nuclear power station, in the Western Cape

Where to from here for Eskom? 

     17th November 2016 Creamer Media’s Samantha Herbst talks to Engineering News editor Terence Creamer about the power utility’s handling of Thuli Madonsela’s State of Capture report and the matter of renewables. 

Where to from here for Eskom?
Where to from here for Eskom?

State-owned entities fare poorly in Auditor-General findings

By: Megan van Wyngaardt     16th November 2016 Embattled State-owned entities such as the South African Post Office (SAPO), the South African Broadcasting Corporation (SABC) and Airports Company South Africa (ACSA) once again fared poorly in the yearly audits of South Africa’s Auditor-General (AG), Kimi Makwetu, who puts this down to... 

Any recapitalisation of SAA would be off balance sheet – Jonas

By: African News Agency      16th November 2016 Recapitalisation of South African Airways (SAA) was an option but it would be funded off the balance sheet of the troubled carrier and not from the state’s coffers, Deputy Finance Minister Mcebisi Jonas said on Wednesday. “If we are going to recapitalise, it will be off balance sheet, it will not... 

Any recapitalisation of SAA would be off balance sheet – Jonas

Brown to make new Eskom board proposals to Cabinet after Pamensky quits

By: Terence Creamer     16th November 2016 Public Enterprises Minister Lynne Brown says she intends submitting recommendations to Cabinet soon regarding the strengthening the Eskom Board, after confirming that she had accepted Mark Pamensky request to step down. Pamensky’s resignation follows days after CEO Brian Molefe announced that he... 

Brown to make new Eskom board proposals to Cabinet after Pamensky quits
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

DA alleges political concealment about the state of PetroSA

By: Kim Cloete     15th November 2016 A controversial forensic audit report into embattled State entity PetroSA, which was to have been disclosed to the media and public during the course of a meeting of Parliament’s Portfolio Committee on Energy, has been withheld. At the meeting, on Tuesday, which was closed to the media and... 

South Africa’s slump in African renewables index reflects Eskom-induced uncertainty

By: Terence Creamer     15th November 2016 South Africa’s ranking in a continent-wide renewable-energy index has plummeted, reflecting the current market uncertainty that has arisen as a result of Eskom’s refusal to sign power purchase agreements (PPAs) with preferred bidders named following the most recent auctions held under the... 

South Africa’s slump in African renewables index reflects Eskom-induced uncertainty
Fieldstone Africa CEO Jason Harlan
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