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State Companies News

New Statistician-General and head of Statistics South Africa appointed

By: Natasha Odendaal     20th October 2017 Statistics South Africa (Stats SA) deputy director-general for statistical collections and outreach Risenga Maluleke has been appointed as successor to Statistician-General and Stats SA head Dr Pali Lehohla. Lehohla’s tenure expires at the end of October. 

Nersa releases dates and venues for upcoming Eskom hearings

By: Creamer Media Reporter      20th October 2017 The National Energy Regulator of South Africa (Nersa) has published the dates and venues for its upcoming public hearings into Eskom’s revenue application for the 2018/19 financial year. Eskom has applied for an allowable revenue of R219.5-billion, which would translate to a 19.9% average... 

Nersa releases dates and venues for upcoming Eskom hearings

Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal

By: Terence Creamer     20th October 2017 The black-empowerment consortium selected as the preferred bidder for Anglo American’s Eskom-tied coal operations is optimistic that the State-owned utility will approve the ceding of three coal supply agreements (CSAs) from Anglo to Seriti Coal by year-end. The R2.3-billion transaction was... 

Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal
Photo by Duane Daws
Thebe Energy and Resources CEO Sizwe Mncwango

Businesses must take action to drive inclusive growth in Africa

By: Robyn Wilkinson     20th October 2017 There is a need for a new social narrative that balances generating profits with building social capital to drive inclusive economic growth in Africa, says management consultant IQbusiness CEO Adam Craker.  

Businesses must take action to drive inclusive growth in Africa
ADAM CRAKER South Africa must focus on building a strong home economy if it is to be a participant in regional or continental growth

Gautrain chief on the four pillars of a successful transport megaproject

By: Keith Campbell     20th October 2017 The successful implementation of transport infrastructure megaprojects rest on four equally important “pillars”, Gautrain Management Agency CEO Jack van der Merwe told the recent Sixth Council for Scientific and Industrial Research Conference, in Pretoria. They are: political will and commitment;... 

IDC will invest in infrastructure that unlocks industrialisation

By: Keith Campbell     20th October 2017 The Industrial Development Corporation (IDC), South Africa’s development finance institution which exists to fund entrepreneurs and projects in the industrial sector, also seeks to use investments in infrastructure to free up industrial development opportunities. This was highlighted by IDC... 

CSIR is looking to transform how infrastructure is built in South Africa

By: Keith Campbell     20th October 2017 The Council for Scientific and Industrial Research (CSIR) continues to research innovations and initiatives to transform the local construction industry. This was reported by CSIR Principal Researcher Llewellyn van Wyk at the recent 6th CSIR Conference in Pretoria.  

Eskom’s new R174bn grid plan includes R18bn for IPP connections

By: Terence Creamer     19th October 2017 State-owned electricity utility Eskom says all connection costs relating to 27 outstanding renewable-energy projects have been included in its latest Transmission Development Plan (TDP), which covers the ten-year period from 2018 to 2027. The renewable-energy projects were legally procured in... 

Eskom’s new R174bn grid plan includes R18bn for IPP connections

If Zuma removes me, I’ll accept it – Ramaphosa

By: African News Agency      19th October 2017 I serve at the pleasure of the President, and If I’m fired, it will be at the pleasure of the President, South Africa’s deputy president said on Thursday. Cyril Ramaphosa was asked by opposition party members in the National Assembly to confirm or deny speculation that he was next in line to be... 

If Zuma removes me, I’ll accept it – Ramaphosa
Deputy President Cyril Ramaphosa

Zuma unveils OR Tambo statue in commemoration

By: Sane Dhlamini     19th October 2017 The life of former African National Congress (ANC) president Oliver Reginald Tambo was commemorated on Thursday with the unveiling of a new statue of the former anti-apartheid struggle stalwart at international arrivals at the OR Tambo International Airport in Johannesburg. President Jacob Zuma... 

Zuma unveils OR Tambo statue in commemoration
Photo by Duane Daws
Jacob Zuma, members of the Tambo family & government officials

FBI opens investigation into South Africa's Guptas – FT

By: Reuters     19th October 2017 The FBI has opened an investigation into US links to South Africa's Guptas, escalating a scandal over the family's alleged use of a friendship with President Jacob Zuma to control state businesses, the Financial Times said on Thursday. Separately, Britain's banking regulator, the Financial... 

FBI opens investigation into South Africa's Guptas – FT
Photo by Duane Daws
Atul Gupta

Outa accuses Eskom consultants of ‘gambling’ with public money

By: Kim Cloete     19th October 2017 The Organisation Undoing Tax Abuse (Outa) has alleged that Eskom consultants Trillian Capital Partners have been “dabbling” in derivatives and losing billions of rands in the process. “Trillian has been dabbling in derivatives with our public money, racking up losses of R27-billion,” Outa... 

Outa accuses Eskom consultants of ‘gambling’ with public money
Photo by Duane Daws
Ted Blom

Cabinet replaces Zuma ally as head of national airline

By: Reuters     19th October 2017 South Africa's government has named Johannes Bhekumuzi Magwaza as chairperson of loss-making State-owned airline South African Airways (SAA), replacing Dudu Myeni, who was an ally of President Jacob Zuma, the finance minister said on Thursday. In all six board members were replaced, Finance... 

Cabinet replaces Zuma ally as head of national airline
Photo by Duane Daws
Former SAA chairperson Dudu Myeni

‘Absolutely no need' for nuclear, Dames says in State-capture testimony

By: Kim Cloete     18th October 2017 Former Eskom CEO Brian Dames has revealed that he faced a breakdown in communication between the board and management, as well as death threats during his time at the state utility.  He has also told Parliament’s Portfolio Committee on Public Enterprises that there is "absolutely no need" for... 

‘Absolutely no need' for nuclear, Dames says in State-capture testimony
Former Eskom CEO Brian Dames

Brian Dames: Gigaba adviser lured me to meet Guptas

By: News24Wire      18th October 2017 Former Eskom CEO Brian Dames said he was asked to meet “some people” who turned out to be the Guptas by Finance Minister Malusi Gigaba’s adviser Siyabonga Mahlangu. “It was somewhere in Midrand and there was one other individual: I assume it was one of the brothers,” he said. “I was very angry... 

Brian Dames: Gigaba adviser lured me to meet Guptas
Former Eskom CEO Brian Dames

‘You are too late’ – Dames on State capture inquiry

By: News24Wire      18th October 2017 Former Eskom chief executive Brian Dames told Parliament’s State capture inquiry on Wednesday that while the process is a great move, it was too late. “You are too late,” he said. “You should have done this a long time ago.” 

‘You are too late’ – Dames on State capture inquiry
Photo by Duane Daws
Former Eskom CEO Brian Dames

Evidence of blatant corruption at Eskom unpacked at Parliament’s inquiry into State capture

By: Kim Cloete     17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has kicked off its inquiry into alleged State capture with a report revealing “overwhelming evidence of grand corruption”, governance failure and a stream of irregularities at Eskom, South Africa’s largest State-owned entity. Research... 

Evidence of blatant corruption at Eskom unpacked at Parliament’s inquiry into State capture
Research professor Anton Eberhard

Key witnesses in State capture inquiry will need to face the music, warns parliamentary committee chair

By: Kim Cloete     17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has started its keenly awaited inquiry into allegations of State capture, with a warning that key witnesses will not be allowed to shy away from appearing before Parliament. “We have a right to subpoena a witness if we think that witness has... 

Key witnesses in State capture inquiry will need to face the music, warns parliamentary committee chair

PIC has not ruled out investing in SAA

By: Reuters     17th October 2017 South Africa's Public Investment Corporation, one of the continent's largest asset managers, has not ruled out investing in struggling state-owned airline SAA, its chief executive said on Tuesday. "We are not closing the door on SAA," CEO Dan Matjila told parliament's finance committee, adding... 

PIC has not ruled out investing in SAA

Rand drops on Zuma's suprise 'pro-nuclear' Cabinet reshuffle

By: News24Wire      17th October 2017 The rand lost more than 0.5% within minutes of President Jacob Zuma's announcement of yet another surprise Cabinet reshuffle. The biggest move is that of energy - Mmamoloko Kubayi has been moved from the energy portfolio to communications, with David Mahlobo now occupying the position of Minister... 

 Rand drops on Zuma's suprise 'pro-nuclear' Cabinet reshuffle

Eskom must implement ‘aggressive’ cost cutting, EIUG says as it urges Nersa to reject 19.9% hike

By: Terence Creamer     14th October 2017 Eskom’s application for a 19.9% tariff hike from April 1, 2018, is unacceptable and will result in the partial or full closure of plant capacity and increase unemployment, the Energy Intensive Users Group (EIUG) states in a written submission to the National Energy Regulator of South Africa... 

Eskom must implement ‘aggressive’ cost cutting, EIUG says as it urges Nersa to reject 19.9% hike

Africa’s State-owned airlines underperforming

By: Anine Kilian     13th October 2017 State-owned airlines in Africa are not operating at the capacity they should be, says Boeing sub-Saharan Africa MD Miguel Santos. Speaking to Engineering News Online on the sidelines of the Airlines Association of Southern Africa’s forty-seventh annual general assembly, in KwaZulu-Natal, he noted... 

SAA given brief reprieve on maturing debt

By: Reuters     13th October 2017 South Africa's State-owned airline SAA has been given until the end of October to settle R5-billion of maturing debt to domestic lenders, although the relief may be extended a further two years, Finance Minister Malusi Gigaba said in a report to parliament on Friday. The debt had originally been... 

DEA grants environmental authorisation for new 4 000 MW nuclear plant

By: Reuters     13th October 2017 The Department of Environmental Affairs (DEA) has granted authorisation to State-owned power utility Eskom to build a new 4 000 MW nuclear power plant in the Western Cape, according to a letter seen by Reuters. Construction at Duynefontein, close to South Africa's only existing nuclear site... 

DEA grants environmental authorisation for new 4 000 MW nuclear plant
Photo by Duane Daws
Koeberg nuclear power station

South Africa’s space sector hobbled by lack of support

By: Keith Campbell     13th October 2017 South Africa's space sector has been hobbled by lack of adequate support from the South African Government. This was made clear during a panel discussion on space technology at the recent Aerospace, Maritime and Defence Conference 2017 in Pretoria. "Most space programmes, worldwide, have been... 

Not a cent available to implement the Defence Review, Wakeford warns

By: Keith Campbell     13th October 2017 The South African defence sector needs to bring home to the country the importance of defence for the technological, innovation and economic development of the country. So affirmed Armscor CEO Kevin Wakeford in his address to the recent fourth annual Aerospace, Maritime and Defence Conference in... 

Local defence industry needs both local and export orders

By: Keith Campbell     13th October 2017 Local orders are key to winning export contracts in the defence sector, Denel Land Systems (DLS) CEO Stephan Burger affirmed at the recent Aerospace, Maritime and Defence Conference in Pretoria. He cited the case of the order his company received for turrets for the Malaysian Army's new armoured... 

SA weighs market opportunities as utility-scale battery storage prospects improve

By: Mia Breytenbach     13th October 2017 Following the release of an energy storage techno-economic study ‘The South Africa Energy Storage Technology and Market Assessment’, advocating that South Africa requires market preparation to take advantage of growth opportunities in the stationary and mobility value chains of energy storage,... 

SA weighs market opportunities as utility-scale  battery storage prospects improve

Eskom’s credibility, sustainability challenges 

     12th October 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the leadership, credibility and sustainability challenges facing State-owned Eskom. 

Eskom’s credibility, sustainability challenges
Eskom’s credibility, sustainability challenges

R20bn Swazi Rail Link being prepared for presentation to investors before year-end 

By: Terence Creamer     12th October 2017 An expression of interest (EoI) for the R20-billion crossborder Swazi Rail Link infrastructure project between South Africa and Swaziland will be released to potential investors before the end of 2017, South Africa’s Transnet Freight Rail (TFR) and Swaziland Rail confirmed on Thursday. The 150 km... 

R20bn Swazi Rail Link being prepared for presentation to investors before year-end
R20bn Swazi Rail Link being prepared for presentation to investors before year-end. Video and video editing: Darlene Creamer 12.10.2017

Even Stats SA could fall to State capture – Gordhan, Jonas 

By: News24Wire      12th October 2017 Statistics South Africa is not immune to the State capture project, former finance minister Pravin Gordhan and his former deputy Mcebisi Jonas said on Thursday. The warning comes as Statistician-General Pali Lehohla is set to step down in October, after 17 years in charge of Stats SA. 

Eskom facing threats on multiple fronts, Maritz acknowledges

By: Terence Creamer     12th October 2017 Eskom’s newest interim group CEO Sean Maritz has acknowledged that the utility is facing threats on multiple fronts in light of rapid changes to the global electricity landscape and the constrained outlook for domestic electricity sales. However, in a statement calling for “space and time to... 

Eskom facing threats on multiple fronts, Maritz acknowledges
Photo by Duane Daws
Eskom interim group CEO Sean Maritz

Testimony in Parly probe into Eskom / Gupta links to start next week

By: African News Agency      11th October 2017 The list of names of witnesses to be called to testify at a parliamentary inquiry into state capture at South Africa’s sole power utility, Eskom, has been finalised and the probe officially kicks off on October 17, a statement from the national legislature said on Wednesday. “The Portfolio... 

Testimony in Parly probe into Eskom / Gupta links to start next week

CSIR seeking to develop new methods to improve local infrastructure production  

By: Keith Campbell     11th October 2017 The Council for Scientific and Industrial Research (CSIR) continues to research innovations and initiatives to transform the local construction industry. This was reported by CSIR principal researcher Llewellyn van Wyk at the recent sixth CSIR Conference in Pretoria. He noted that the country has... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

By: Terence Creamer     9th October 2017 Democratic Alliance (DA) Shadow Minister of Trade and Industry Dean Macpherson is preparing a list of witnesses to appear before a Parliamentary Portfolio Committee for Trade and Industry inquiry into the failure of China South Rail (CSR) to meet local-content obligations as part of its supply of... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

SAA, unions ink wage agreement

By: Natasha Odendaal     6th October 2017 National airliner South African Airways (SAA) and trade unions Uasa and the National Union of Metalworkers South Africa have signed the revised wage agreement for workers at maintenance arm SAA Technical (SAAT). The South African Transport and Allied Workers Union (Satawu), which had also signed... 

Minister offers snapshot of renewables generation

By: Terence Creamer     6th October 2017 Energy Minister Mmamoloko Kubayi reports that, as at the end of July, the combined installed generation capacity of renewable-energy independent power producers (IPPs) stood at more than 3 200 MW across 58 sites. In a reply to a Parliamentary question posed by Economic Freedom Fighters MP... 

Minister offers snapshot of renewables generation
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