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State Companies News

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister

By: Terence Creamer     Updated 51 minutes ago Having been effectively directed by the Western Cape High Court to “start with a clean slate” when approaching the controversial issue of nuclear procurement, South Africa’s new Energy Minister Mmamoloko Kubayi has some big calls to make. In the April 26 judgment signed off by justices Lee... 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

By: Terence Creamer     Updated 4 hours ago Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC

SAA, Hawaiian Airlines strike deal

By: African News Agency      25th April 2017 South African Airways on Tuesday said it had struck a deal with Hawaii’s largest and longest serving carrier, providing new, convenient flight options for travel between the Hawaiian Islands and Southern Africa. “This new interline partnership enables SAA and Hawaiian Airlines to broaden their... 

Ramaphosa backs graft probe of Zuma's government

By: Reuters     24th April 2017 South African Deputy President Cyril Ramaphosa on Sunday said he wants allegations of influence-peddling in government investigated, lending his support to a probe called for by the anti-graft watchdog but which President Jacob Zuma has so far ignored. Ramaphosa is considered a likely candidate... 

Ramaphosa backs graft probe of Zuma's government
Deputy President Cyril Ramaphosa

Fabrication facility to expand to accommodate heavy lifting fleet

By: Simone Liedtke     21st April 2017 Manufacturing company Sky Hill Heavy Engineering - a part of project services corporation Hydra-Arc in Secunda, Mpumalanga - has already commenced with the 100 m expansion of three of its four fabrication bays, to accommodate its heavy lifting fleet, says Hydra-Arc. 

Fabrication facility to expand to accommodate heavy lifting fleet
Photo by Petrus Saayman
IN-HOUSE PROJECTS Fabrication and refurbishment projects are executed from the engineering to transportation stages

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

Land Bank sets aside R1bn to support black farming investments in 2017  

By: Terence Creamer     20th April 2017 South Africa’s Land Bank has set a target of disbursing “at least” R1-billion in 2017/18 to support investments by black entrepreneurs in the agricultural sector and to begin transforming a loan book that is still overwhelmingly composed of funding to established commercial farmers. Should the... 

Land Bank sets aside R1bn to support black farming investments in 2017
Land Bank CEO TP Nchocho on plans to increase the pace and scale of support for black farmers. Camera Work: Nicholas Boyd. Editing: Lionel da Silva. Recorded: 20.04.2014

Recruitment process for new Eskom CEO to be concluded by end-May

By: Megan van Wyngaardt     19th April 2017 Public Enterprises Minister Lynne Brown expects the recruitment process for a new CEO at Eskom to be concluded by the end of May. Matshela Koko has been acting CEO since November 2016, when Brian Molefe resigned as CEO, following the release of a Public Protector report alleging his involvement... 

Recruitment process for new Eskom CEO to be concluded by end-May
Photo by Duane Daws
Minister Lynne Brown and Eskom CEO Matshela Koko

Energy Minister reveals extent of executive vacancies at State-owned energy entities 

By: Megan van Wyngaardt     19th April 2017 Several executive positions in the country’s State-owned energy entities have remained vacant for a year or more, a written Parliamentary reply by Energy Minister Mmamoloko Kubayi reveals. The Petroleum Agency of South Africa (PASA) has now been without a CEO for five years. 

Gigaba slams Eskom’s ‘mistake’ of contradicting government policy on renewables 

By: Terence Creamer     19th April 2017 Finance Minister Malusi Gigaba says Eskom made a “mistake” by raising its corporate difficulties in relation to the signing of power purchase agreements (PPAs) with renewable-energy generators in a way that undermined the policy position of government on both the energy mix and the... 

Gigaba slams Eskom’s ‘mistake’ of contradicting government policy on renewables
Finance Minister Malusi Gigaba

Public Protector assessing Molefe 'golden handshake' complaint

By: News24Wire      19th April 2017 The Office of the Public Protector is assessing a complaint from the South African National Civic Organisation (Sanco) asking it to probe former Eskom CEO Brian Molefe's reported R30-million "golden handshake". Last week, Sanco requested that Public Protector Busisiwe Mkhwebane probe whether or... 

Gigaba to attend IMF, World Bank meetings  

By: Sane Dhlamini     18th April 2017 Finance Minister Malusi Gigaba’s upcoming trip to the US for the International Monetary Fund (IMF) and World Bank Spring Meetings and further interactions with rating agencies received a thumbs up from Deputy President Cyril Ramaphosa today.  “Well, the Minister is going to the Spring IMF... 

Gigaba to attend IMF, World Bank meetings
Photo by Bloomberg
Finance Minister Malusi Gigaba

Free State special economic zone to launch at month-end

By: Megan van Wyngaardt     18th April 2017 In its efforts to accelerate economic growth and development in designated regions of the country, government is set to launch the Maluti-A-Phofung Special Economic Zone (MAP-SEZ) in Tshiame, near Harrismith, in the eastern Free State, on April 25. Trade and Industry Minister Dr Rob Davies said... 

Brazil again turning to private sector to undertake key infrastructure projects

By: Keith Campbell     14th April 2017 With the country slowly emerging from its worst recession in decades, with Federal Government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement
Photo by Duane Daws
Minister Lynne Brown is being asked to release details of the settlement

Fitch next to downgrade Eskom, Transnet to align with sovereign ratings

By: Natasha Odendaal     12th April 2017 South African State-owned Eskom and Transnet have also been downgraded by ratings agency Fitch to align with the recent downgrade of South Africa’s sovereign rating. Eskom’s long-term local currency issuer default rating (IDR) and the senior unsecured local currency rating have been downgraded... 

Solar body urges Energy Minister to provide revised PPA signing date 

By: Terence Creamer     11th April 2017 The South African Solar Photovoltaic Industry Association (Sapvia) expressed confidence on Tuesday that the latest delay in signing of power purchase agreements (PPAs) for 37 renewable-energy projects procured in 2015 would be “short-term” in nature. However, it urged newly appointed Energy... 

Solar body urges Energy Minister to provide revised PPA signing date

Renewables contracts will not be signed on April 11 

By: Terence Creamer     10th April 2017 The signing of power purchase agreements (PPAs) for the projects procured under the fourth bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) will not take place on April 11 as initially envisaged. The date had been set by former Energy Minister Tina... 

Renewables contracts will not be signed on April 11

Peters irrational when she removed PRASA board – court

By: News24Wire      10th April 2017 Former Minister of Transport Dipuo Peters acted irrationally in removing PRASA's board, the North Gauteng High Court in Pretoria ruled on Monday. Judge Peter Mabuse said in a scathing judgment that her decision was unreasonable and disproportionate and he set it aside. 

Peters irrational when she removed PRASA board – court

Fitch downgrade – Treasury acknowledges ‘setback’

By: African News Agency      7th April 2017 Fitch Ratings agency on Friday downgraded South Africa to junk status, citing the removal of Pravin Gordhan as finance minister. Fitch said President Jacob Zuma’s decision to fire Gordhan last week, was likely to see a change in economic policy. 

Fitch downgrade – Treasury acknowledges ‘setback’

Opinion: Renewables IPP programme an example of impeccable governance

     7th April 2017 It is important to regularly pause, reflect and appreciate a job well conceived and well executed. Back in 2010, the South African government took the bold decision to create a legislative and practical environment in which the Department of Energy could procure power generated by private... 

Opinion: Renewables IPP programme an example of impeccable governance
Brenda Martin

Cesa backs Treasury in much-anticipated procurement standards overhaul

By: Simone Liedtke     7th April 2017 In its quest to mitigate the challenges that consulting engineers face, Consulting Engineers South Africa (Cesa) CEO Chris Campbell says Cesa has developed a healthy working relationship with the National Treasury. 

Cesa backs Treasury in much-anticipated procurement standards overhaul
CHRIS CAMPBELL Cesa aims to be the body which all consulting engineering companies consider as the home of consulting engineering in South Africa

Zuma pledges to transform economy for poor

By: Reuters     6th April 2017 President Jacob Zuma pledged on Thursday to redistribute wealth in the economy to poor black people as part of a policy he calls "radical socio-economic transformation". "We mean the fundamental change in the structure, systems, institutions and patterns of ownership, management and control of... 

Zuma pledges to transform economy for poor
President Jacob Zuma

‘Break down in relationship’ between Zuma, Gordhan led to axing

By: African News Agency      5th April 2017 President Jacob Zuma sacked Finance Minister Pravin Gordhan because their relationship had irretrievably broken down, the African National Congress (ANC) said on Wednesday. ANC secretary Gwede Mantashe said the ANC national working committee (NWC) accepted Zuma’s reason of the breakdown in... 

‘Break down in relationship’ between Zuma, Gordhan led to axing
Photo by Duane Daws
Jacob Zuma & Pravin Gordhan

Zuma told top ANC officials of plan to sack Gordhan in December

By: Reuters     5th April 2017 President Jacob Zuma had briefed top officials at the African National Congress (ANC) in December of his decision to dismiss former finance minister Pravin Gordhan, but the leaders persuaded him to delay the sacking, a top ANC official said. Speaking at a media briefing after two days of meetings... 

Zuma told top ANC officials of plan to sack Gordhan in December
Photo by Reuters
Pravin Gordhan & Jacob Zuma

ANC stands by Zuma, rejects calls for President to quit

By: Reuters     5th April 2017 The African National Congress (ANC) "closed ranks" around President Jacob Zuma after two key allies of the ruling party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings. The rand fell more than 1 percent and bonds weakened... 

ANC stands by Zuma, rejects calls for President to quit
Photo by Reuters
President Jacob Zuma

‘No firm decisions’ on nuclear, Gigaba insists as he seeks to soothe post-junk anxieties

By: Terence Creamer     4th April 2017 Finance Minister Malusi Gigaba has reiterated South Africa’s stance that the proposed nuclear programme be implemented only at a “pace and scale” that is affordable and denied that any “firm decisions” had been made on the issue, besides Cabinet’s endorsement of a plan to add 9 600 MW of new... 

‘No firm decisions’ on nuclear, Gigaba insists as he seeks to soothe post-junk anxieties
Finance Minister Malusi Gigaba

Localisation a key ‘policy tool’ for South Africa – Davies  

By: Anine Kilian     4th April 2017 Localisation is an important policy tool for industrial development in South Africa and will assist in growing the economy and the manufacturing sector, Trade and Industry Minister Dr Rob Davies said on Tuesday. Speaking at the 2017 Proudly South African Buy Local Summit, in Johannesburg, he... 

Localisation a key ‘policy tool’ for South Africa – Davies
Trade and Industry Minister Dr Rob Davies discusses the importance of localisation in South Africa's industrialisation efforts. Video and editing: Nicholas Boyd.

SA downgrade communicated last week – Gigaba

By: African News Agency      4th April 2017 Finance Minister Malusi Gigaba on Tuesday said he was informed of Standard and Poor (S&P) Global’s decision to cut South Africa’s sovereign credit rating to junk status last week, on his first day as finance minister. “When I spoke on Saturday, I indicated that I had spoken to Moody’s and Fitch,... 

SA downgrade communicated last week – Gigaba
Photo by Duane Daws
Finance Minister Malusi Gigaba

Zuma says SA remains committed to fiscal consolidation

By: African News Agency      4th April 2017 The South African government remains committed to fiscal consolidation, President Jacob Zuma said on Tuesday as calls for his resignation grew louder in the wake of Standard and Poor (S&P) Global downgrading the country to junk status. Zuma said he had instructed Finance Minister Malusi Gigaba to... 

Zuma says SA remains committed to fiscal consolidation
Photo by Duane Daws
President Jacob Zuma

Calls for Zuma’s head increase after S&P downgrades South Africa to junk status

By: African News Agency      4th April 2017 Pressure mounted on President Jacob Zuma to resign on Monday night as political parties laid South Africa’s downgrade to junk status by Standard and Poor’s (S&P) squarely at his feet. The country’s biggest opposition party, the Democratic Alliance (DA), described the downgrade as a vote of no... 

Calls for Zuma’s head increase after S&P downgrades South Africa to junk status

Ruling party headed for showdown after finance minister sacked

By: Reuters     3rd April 2017 South Africa's president faces a confrontation with senior members of the ruling African National Congress (ANC) and the country's currency has plunged after the country's finance minister was sacked, a move that threatens to split the ANC. The rand fell about 2 percent to the dollar and... 

Ruling party headed for showdown after finance minister sacked
Gwede Mantashe, Baleka Mbete, Jacob Zuma

Economics now key driver of commercial rooftop solar adoption as supply stabilises - juwi

By: Terence Creamer     3rd April 2017 Renewable energy engineering, procurement and construction services group juwi Renewable Energies expects the commercial solar market in South Africa to undergo a significant shift in the coming months as independent power producers (IPPs) begin playing a more prominent role. CEO Greg Austin says... 

Economics now key driver of commercial rooftop solar adoption as supply stabilises - juwi
The rooftop solar photovoltaic facility at Growthpoint’s Brooklyn Mall

Handover meeting between Gordhan and Gigaba postponed

By: African News Agency      3rd April 2017 National Treasury on Monday announced that the handover meeting between outgoing Finance Minister Pravin Gordhan and incoming Minister Malusi Gigaba had been postponed. In a terse statement on Twitter, Treasury said the meeting was postponed to allow the South African Revenue Services (Sars) to... 

Handover meeting between Gordhan and Gigaba postponed
Photo by Duane Daws
Finance Minister Malusi Gigaba

High-temperature reactor phoenix emerging from PBMR ashes? 

By: Terence Creamer     3rd April 2017 Early-stage research into the possible revival of the Pebble Bed Modular Reactor (PBMR) has yielded a revamped reactor concept that incorporates an entirely new operational philosophy, as well as the use of construction materials and manufacturing techniques that were either not considered or... 

High-temperature reactor phoenix emerging from PBMR ashes?
Photo by Duane Daws
Eskom chief nuclear officer David Nicholls

SA at crossroads as state capture undermines democracy – Jonas

By: News24Wire      31st March 2017 Axed Deputy Finance Minister Mcebisi Jonas on Friday said that state capture is a national issue all South Africans need to take a stand against. South Africa is at a crossroads which should not be taken lightly, said Jonas. 

SA at crossroads as state capture undermines democracy – Jonas
Photo by Duane Daws
Outgoing Deputy Finance Minister Mcebisi Jonas
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