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State Companies News

Transnet confirms Gama fired with full pay for six months

By: African News Agency      Updated 7 hours ago Transnet on Monday confirmed that Siyabonga Gama has been fired as the freight rail operator's chief executive officer and said it was in line with a government drive to turn around State-owned entities.  Transnet said it informed Gama of its decision on Sunday and Monday would be his last... 

Transnet removes Gama as CEO

By: Reuters     22nd October 2018 The board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multimillion-dollar deal. Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in... 

Transnet removes Gama as CEO
Photo by Creamer Media
Siyabonga Gama

Revived SARS illicit economy unit already eyeing 58 cases, says Kingon

By: News24Wire      19th October 2018 The soon-to-be reopened South African Revenue Service (SARS) unit probing the illicit economy has already identified 58 cases for investigation, the tax agency's Acting Commissioner Mark Kingon told the Nugent Commission of Inquiry on Friday.  The unit was one of several shut down under the... 

 Revived SARS illicit economy unit already eyeing 58 cases, says Kingon

Regional carrier SA Express continues to re-establish its route network

By: Rebecca Campbell     19th October 2018 State-owned domestic and regional airline SA Express, as part of its relaunch strategy, has reinstated two more of its services. This is part of its plan to, as soon as possible, re-establish its best-performing routes. The two routes concerned are the domestic Johannesburg-Hoedspruit (Mpumalanga... 

Sanral e-toll proposals are desperate threats – Outa

By: Sashnee Moodley     17th October 2018 The South African National Roads Agency Limited’s (Sanral’s) various proposals to try and force motorists to pay outstanding e-toll bills are desperate threats and will be extremely difficult to implement, said the Organisation Undoing Tax Abuse (Outa) on Wednesday. Sanral CEO Skhumbuzo Macozoma... 

Sanral e-toll proposals are desperate threats – Outa

CSIR seeks municipal partners for energy master plan pilot project 

By: Terence Creamer     16th October 2018 The Council for Scientific and Industrial Research (CSIR) aims to partner with a metropolitan council and a district municipality to compile pilot municipal energy master plans for electricity (MEMPs), which will provide the two councils with insight into the best electricity supply blends for... 

CSIR seeks municipal partners for energy master plan pilot project
CSIR Energy Centre head Dr Clinton Carter-Brown

ACSA reports fall in earnings in line with lower aeronautical charges

By: Rebecca Campbell     12th October 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was... 

Wind body to request smoothing of procurement profile in IRP submission

By: Terence Creamer     11th October 2018 The South African Wind Energy Association (SAWEA) will appeal for a “smooth rolling procurement” of new wind-energy capacity in its response to the draft Integrated Resource Plan (IRP 2018) so as to close a three-year procurement gap in the current document. The Draft IRP 2018 was released on... 

Wind body to request smoothing of procurement profile in IRP submission
The Nojoli wind farm

Report error actually ranks S Africa 110 out of 162 in economic freedom   

By: Sane Dhlamini     11th October 2018 South Africa now ranks 110 out of 162 as an economically free country, according to the Economic Freedom of the World (EFW) index. The Free Market Foundation (FMF) revealed on Wednesday that South Africa had ranked 94 but an error in World Bank data, spotted and investigated by the FMF’s Eustace... 

Report error actually ranks S Africa 110 out of 162 in economic freedom

Jessie Duarte ‘keen’ to testify at State capture commission  

By: Sashnee Moodley     10th October 2018 The ruling African National Congress’s (ANC’s) deputy general-secretary, Jessie Duarte, said on Wednesday that she was “very keen” to testify at the Commission of Inquiry into State Capture. Speaking at a media briefing around the ANC’s position on former Finance Minister Nhlanhla Nene’s... 

Jessie Duarte ‘keen’ to testify at State capture commission
ANC deputy general-secretary Jessie Duarte

Parly's transport committee grills Prasa on lack of progress

By: News24Wire      10th October 2018 Parliament's Portfolio Committee on Transport grilled the Passenger Rail Agency of South Africa's (Prasa) presentation at a meeting in Cape Town on Tuesday, for lacking urgency and progress. The meeting comes after the Rail Safety Regulator (RSR) communicated its intention to suspend Prasa's... 

Parly's transport committee grills Prasa on lack of progress

Mboweni sworn in as Finance Minister, after Ramaphosa accepts Nene’s resignation   

By: Sashnee Moodley     9th October 2018 President Cyril Ramaphosa announced on Tuesday afternoon that he had accepted Finance Minister Nhlanhla Nene’s resignation and that former Reserve Bank governor Tito Mboweni would be sworn in as the new Minister with immediate effect. Ramaphosa revealed that, as a consequence of State capture... 

Mboweni sworn in as Finance Minister, after Ramaphosa accepts Nene’s resignation
Photo by Creamer Media
Finance Minister Tito Mboweni

Airline SA Express continues to re-establish its route network

By: Rebecca Campbell     9th October 2018 State-owned domestic and regional airline SA Express announced on Tuesday that it had relaunched two more of its services, as part of its plan to, as soon as possible, re-establish its best-performing routes. The two routes concerned are the domestic Johannesburg-Hoedspruit (Mpumalanga province)... 

Airline SA Express continues to re-establish its route network
Photo by SA Express
A Bombardier CRJ700 regional airliner in the colours of SA Express

Dladla steps down as CEO of Eskom Rotek Industries

By: Creamer Media Reporter      9th October 2018 Eskom Rotek Industries CEO Johnny Dladla, who served a short stint as the group's CEO in 2017, has resigned and will leave Eskom at the end of October to "pursue private business interests".   The State-owned utility said in a statement that Dladla's successor would be announced in due course.... 

Dladla steps down as CEO of Eskom Rotek Industries
Photo by Creamer Media
Johnny Dladla

Nzimande urges Prasa, rail regulator to resolve trains safety impasse out of court

By: African News Agency      8th October 2018 Transport minister Blade Nzimande on Monday appealed to both the Railway Safety Regulator (RSR) and Passenger Rail Agency of South Africa (Prasa) to find an out of court settlement in the interests of millions of commuters who daily use the Metrorail, in a stand off over safety. The regulator... 

Nzimande urges Prasa, rail regulator to resolve trains safety impasse out of court
Transport Minister Blade Nzimande

Nestlé, Transnet among South Africa’s top employers

By: Simone Liedtke     5th October 2018 Food and beverage company Nestlé South Africa and State-owned freight logistics group Transnet are among South Africa’s top employers, according to the Top Employer Institute, which, this week, held its Top Employer Awards ceremony, in Sandton. The Top Employer Institute Certification Programme... 

SAA appoints Telkom’s Fredericks new interim CFO

By: Simone Liedtke     5th October 2018 South African Airways (SAA) on Friday announced that Deon Fredericks has been appointed SAA’s new interim CFO, effective October 15. Fredericks is on secondment from Telkom for a 12-month period. 

SAA appoints Telkom’s Fredericks new interim CFO
Photo by Dylan Slater
Newly-appointed SAA interim CFO Deon Fredericks

Necsa hopeful that radioisotope production will restart soon

By: Rebecca Campbell     4th October 2018 South African Nuclear Energy Corporation (Necsa) CEO Phumzile Tshelane told “Engineering News Online” on Thursday that it was hoped that production at its subsidiary NTP Radioisotopes would restart in the near future. Operations at NTP were shut down in June following a breach in safety... 

Necsa hopeful that radioisotope production will restart soon
Photo by Duane Daws/Creamer Media
Necsa’s Pelindaba complex, which includes its NTP operation

ATNS announces interim CEO

By: Rebecca Campbell     4th October 2018 The Board of Directors of South Africa’s Air Traffic and Navigation Services (ATNS), the State-owned company responsible for the country’s air traffic control, announced on Wednesday that it had appointed an interim CEO for the organisation. He is Thomas Kgokolo, who was (before his new... 

Eskom suspends senior manager pending investigations into internal audit reports  

By: News24Wire      4th October 2018 Eskom announced on Thursday afternoon that it had placed its Senior General Manager of Assurance and Forensics, Molefi Nkhabu, on a precautionary suspension. The power utility said this was pending an investigation into circumstances surrounding internal audit investigation reports related to... 

 Eskom suspends senior manager pending investigations into internal audit reports

Public Enterprises confirms DG is 'leaving the public service'

By: African News Agency      3rd October 2018 The public enterprises ministry on Wednesday confirmed director-general Richard Seleke would be leaving the public service. In a statement issued on Wednesday afternoon, the ministry said it had been informed by President Cyril Ramaphosa's office that an agreement had been reached with Seleke... 

Public Enterprises confirms DG is 'leaving the public service'
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

Zuma sacked me for rejecting Gupta deals – Nene

By: Reuters     3rd October 2018 Finance Minister Nhlanhla Nene said on Wednesday he was fired by former president Jacob Zuma for refusing to approve contracts that would financially benefit the Gupta family, friends of Zuma accused of corruption. Nene, who was giving testimony at a judicial inquiry into influence-peddling, said... 

Zuma sacked me for rejecting Gupta deals – Nene
Finance Minister Nhlanhla Nene

Nene met Guptas, refused Russia nuke deal

By: Bloomberg     3rd October 2018 Finance Minister Nhlanhla Nene said he met repeatedly with members of the Gupta family, who have been implicated in a corruption scandal related to former President Jacob Zuma and separately was twice pressured to sign a multi-billion Russian nuclear-power deal by former Energy Minister Tina... 

KPMG South Africa to replace CEO after corruption scandal

By: Reuters     3rd October 2018 KPMG South Africa said on Wednesday that Chief Executive Nhlamulo Dlomu will step down to allow a new leader to restore the auditor's reputation after a corruption scandal that saw the company lose several major clients. The new CEO will be recruited externally, it said. 

Denel fails to pay senior staff in reform setback

By: Reuters     1st October 2018 South African State-owned arms manufacturer Denel did not pay senior staff their salaries in full this month, the company said, in a setback for President Cyril Ramaphosa's drive to turnaround struggling state companies. Ramaphosa has made improving governance and stabilising the finances of... 

Eskom expresses pride on its improved electricity access

By: News24Wire      28th September 2018 South Africa’s power utility Eskom on Friday said electricity access had improved from 36 percent in 1994 to 90 percent to date. Eskom said in 1994, at the “the dawn of democracy”, only 36 percent of the country had access to electricity, with 12 percent being rural electrification. To date, the... 

Eskom expresses pride on its improved electricity access

Transnet head Gama given notice of termination, board confirms

By: News24Wire      28th September 2018 The Transnet Board has confirmed Transnet group chief executive Siyabonga Gama was given notice of termination, with ten days to justify why he should not be axed. In a statement, the Board said it had on Thursday served Gama with a letter explaining its decision, citing "serious violations" of... 

Transnet head Gama given notice of termination, board confirms
Photo by Dylan Slater
Siyabonga Gama

Airports Company reports fall in its earnings but also in its debt

By: Rebecca Campbell     27th September 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported on Thursday that, despite declines in its revenues, profits, and earnings before interest, taxes, depreciation and amortisation (Ebitda), it... 

Airports Company reports fall in its earnings but also in its debt

SAA states it is ahead of plan in terms of trading performance

By: Rebecca Campbell     26th September 2018 Embattled State-owned national carrier South African Airways affirmed in a press release on Wednesday that its turnaround strategy was “on track”. It reported that its results for the first quarter indicated that it was “ahead of the plan in its trading performance”. But the release did not give... 

E-toll summonses up nearly 20-fold in 3 years

By: News24Wire      26th September 2018 Summonses issued for e-toll nonpayments have increased nearly 20-fold over the past three years but collections are down, according to data supplied by the minister of transport to members of Parliament. Transport Minister Blade Nzimande gave details on the number of summonses issued by the South... 

 E-toll summonses up nearly 20-fold in 3 years

Wind body seeks right to contest Nersa report on delayed renewables projects

By: Creamer Media Reporter      25th September 2018 The National Energy Regulator of South Africa (Nersa) Tribunal has invited the South African Wind Energy Association (SAWEA) to present its case this week as to why the tribunal should hear the association’s arguments in opposition to a 2017 Nersa panel report. The document in question concluded... 

Wind body seeks right to contest Nersa report on delayed renewables projects

New Eskom strategy to include pan-African expansion roadmap

By: Terence Creamer     25th September 2018 State-owned electricity utility Eskom has confirmed that its new strategy, which will involve far-reaching changes to its business model, will seek to position the company for opportunities arising in the rest of Africa. “Growth opportunities for Eskom are not restricted to South Africa. To grow... 

New Eskom strategy to include pan-African expansion roadmap

Selling off assets won't save SAA, says DA

By: African News Agency      24th September 2018 Reported plans to sell off certain assets will not save the South African Airways (SAA) and the airline needs to be put into business rescue, the Democratic Alliance said on Sunday. The DA was not surprised by media reports on Sunday that SAA was contemplating selling off assets as a result of... 

Saudi Arabia offers opportunities to South African defence industry

By: Rebecca Campbell     20th September 2018 State-owned Saudi Arabian Military Industries (SAMI) is seeking very close relationships with South African defence companies. "We are ready to invest in the South African defence industry and fund local research and development (R&D)," SAMI CEO Dr Andreas Schwer told Engineering News Online at... 

Saudi Arabia offers opportunities to South African defence industry
Photo by Dylan Slater
SAMI CEO Dr Andreas Schwer

Pretoria high court dismisses Transnet director's challenge to dismissal

By: African News Agency      19th September 2018 The Pretoria High court on Tuesday dismissed former Transnet director Seth Radebe's challenge to have his removal by Public Enterprises Minister Pravin Gordhan set aside. Gordhan said in a statement he welcomed the ruling, adding that Rabebe's approach to the court had been "vexacious". 

Eskom delays finalisation of new strategy to mid-November  

By: Terence Creamer     18th September 2018 South Africa’s electricity utility Eskom has delayed the publication of a new strategy blueprint to mid-November from an initial deadline of the end September to allow for greater consultation with external stakeholders. Following the appointment of a new board in February, a strategy review was... 

Eskom delays finalisation of new strategy to mid-November

TNPA appoints Seroka business development officer

By: Marleny Arnoldi     18th September 2018 Transnet National Ports Authority (TNPA) has appointed Linda Seroka business development officer, effective September 18. Seroka’s role will be to explore and unlock growth opportunities for TNPA and its clients in the fields of commercial and marketing, strategy, property and facilities... 

TNPA appoints Seroka business development officer
TNPA business development officer Linda Seroka
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