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State Companies News

Uncertainty over regulatory clearing account having an impact on Eskom 

     23rd March 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the implications for Eskom of the uncertainties surrounding the Regulatory Clearing Account. 

EIUG supports Eskom plan for new pricing deals with power-intensive firms 

By: Terence Creamer     22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... 

EIUG supports Eskom plan for new pricing deals with power-intensive firms

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens

By: Terence Creamer     22nd March 2017 S&P Global Ratings has sustained a negative outlook on Eskom after affirming its 'BB-' sub-investment-grade rating this week, pointing to the State-owned electricity utility’s weakening liquidity position as a result of a “lower-than-expected” tariff increase for 2017/18. On February 23, the... 

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens

AFD, Eskom sign R6bn financing deal 

By: Megan van Wyngaardt     17th March 2017 To further support its investment in the extension and reinforcement of its power transmission grid, State-owned Eskom has signed a R6-billion multi-tranche framework agreement with the French Agency for Development (AFD). “This multi-tranche loan facility will contribute towards Eskom plans to... 

AFD, Eskom sign R6bn financing deal

Eskom initiates talks on triggering government support to cover IPP costs 

By: Terence Creamer     15th March 2017 Eskom has written to the signatories of the Government Support Framework Agreement (GSFA) – which guarantees support for the State-owned utility in meeting its obligation to buy electricity from renewable-energy independent power producers (IPPs) – to discuss a possible triggering of government... 

Eskom initiates talks on triggering government support to cover IPP costs
Photo by Duane Daws
Eskom interim CEO Matshela Koko

Outa, Untu speak out against appointment of interim PRASA board 

By: Anine Kilian     14th March 2017 The United National Transport Union (Untu) does not believe the newly appointed interim board of State-owned Passenger Rail Agency of South Africa (PRASA) will be able to save the entity. Transport Minister Dipuo Peters on Monday announced the appointment of the interim board, which will be... 

S&P Global sees higher use of guarantees by Eskom as ratings ‘pressure point’

By: Terence Creamer     14th March 2017 S&P Global warns that contingent liabilities associated with guarantees to State-owned companies (SoCs) such as Eskom have emerged as a “pressure point” for South Africa’s sovereign rating, which the agency currently has at one notch above junk, but with a negative outlook. The negative outlook... 

S&P Global sees higher use of guarantees by Eskom as ratings ‘pressure point’

PRASA gets interim board in attempt to bring stability

By: Natasha Odendaal     13th March 2017 Transport Minister Dipuo Peters has appointed an interim board to stabilise the ailing Passenger Rail Agency of South Africa (PRASA) and guide the parastatal until a new, permanent board is selected. Peters last week dissolved the entire PRASA board on the back of “declining performance, lack of... 

PRASA gets interim board in attempt to bring stability
Photo by Duane Daws
Transport Minister Dipuo Peters

Molefe files urgent application over PRASA board dissolution

By: News24Wire      13th March 2017 Former PRASA chairperson Popo Molefe has filed an urgent application to the High Court in Johannesburg to have the decision to dissolve the board of the Passenger Rail Agency of South Africa by the Minister of Transport set aside. Molefe, along with the other fired directors of PRASA, have... 

Molefe files urgent application over PRASA board dissolution

PRASA locomotives contractor paid ANC 'fundraisers' 

By: News24Wire      10th March 2017 Less than a week after PRASA made its first payment of nearly R500-million to the supplier of the controversial Afro4000 locomotives, the latter's managing director paid an amount of R14.3-million into the account of a lawyer who had introduced himself as a fundraiser for the African National... 

PRASA locomotives contractor paid ANC 'fundraisers'

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF 

By: Terence Creamer     9th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF

Peters fires PRASA board 

By: African News Agency      8th March 2017 Transport Minister Dipuo Peters on Wednesday, dissolved the Passenger Rail Agency of South Africa (Prasa) board with immediate effect. This was revealed in Parliament when acting transport department director general Mathabatha Mokonyama read out a letter from Peters during a portfolio committee... 

Brown calls for Eskom to bring Dentons report to Parliament 

By: African News Agency      8th March 2017 Eskom should be called before Parliament to brief MPs on the Dentons report, Public Enterprises Minister Lynne Brown said on Wednesday. “Eskom should come and run you through the report,” the minister told the portfolio committee on public enterprises after she was asked for her view on the... 

Brown calls for Eskom to bring Dentons report to Parliament
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Musina-Makhado SEZ to revive steel industry

By: Megan van Wyngaardt     6th March 2017 The South African Energy and Metallurgical Cluster has entered its implementation phase, following the signing of a R40-billion operator agreement between the State-owned Musina-Makhado Special Economic Zone (SEZ), where the cluster resides, and the Shenzhen Hoi Mor Resources Holding Company.... 

One regional water utility for the Eastern Cape

By: Robyn Wilkinson     3rd March 2017 Eastern Cape State-owned water utility Amatola Water is leading the charge in the advocacy of and planning activities required to ensure that a single regional bulk water utility is realised in the Eastern Cape, in line with the Department of Water and Sanitation’s (DWS’s) institutional reform... 

S Africa aims to improve poor maintenance of railway infrastructure

By: Tasneem Bulbulia     3rd March 2017 The inability of local rail infrastructure to attract sufficient revenue has led to a deficiency in the required sustaining capital necessary for its maintenance, says professional services consultancy WSP|Parsons Brinckerhoff infrastructure and transportation divisional director Vishaal... 

S Africa aims to improve poor maintenance of  railway infrastructure
Photo by Bloomberg
MANDATORY MAINTENANCE Several projects have been implemented or are under way to improve rail infrastructure in South Africa

I am still PRASA CEO – Collins Letsoalo

By: News24Wire      1st March 2017 Collins Letsoalo believes he is still the acting CEO of PRASA even after the board announced his dismissal on Monday. "I was never fired, I didn't even get a letter. I was informed through media reports," Letsoalo told ANN7 in an interview on Tuesday. 

Deadlock broken between Eskom and IPPs, Joemat-Pettersson insists 

By: Terence Creamer     28th February 2017 Energy Minister Tina Joemat-Pettersson says the “deadlock has been broken” between Eskom and the renewable-energy independent power producers (IPPs), with the National Energy Regulator of South Africa (Nersa) confirming its willingness to consider an application from the State-owned utility... 

Deadlock broken between Eskom and IPPs, Joemat-Pettersson insists
Energy Minister Tina Joemat-Pettersson

PRASA fires acting CEO, Collins Lestoalo

By: African News Agency      27th February 2017 The Passenger Rail Agency of South Africa (PRASA) has fired the acting group chief executive, Collins Letsoalo, with immediate effect following a unanimous board decision to terminate the secondment at the rail agency. This comes after the controversy behind the remuneration package of Letsoalo... 

Public Works implements remedial plan at Bluff Naval base 

By: Megan van Wyngaardt     24th February 2017 The Department of Public Works (DPW) has appointed a team to prepare a remedial plan for the faulty pump station at the Bluff Naval base, in Durban, following an incident last week in which six people died. The deceased, three contract workers and three South African National Defence Force... 

Treasury agrees, in principle, to substantial capital injection for SAA

By: Natasha Odendaal     22nd February 2017 The National Treasury on Wednesday announced it had agreed, in principle, to a substantial capital injection into troubled South African Airways (SAA); however, it could not confirm the amount or timeline for the capital injection. Treasury confirmed in the National Budget that, during 2017/18,... 

Treasury agrees, in principle, to substantial capital injection for SAA

Sarec says Eskom dragging its feet in honouring Zuma’s renewables ‘injunction’ 

By: Terence Creamer     17th February 2017 The South African Renewable Energy Council (Sarec) claims that Eskom has yet to issue any updated budget quotes for projects that President Jacob Zuma said in his State of the Nation address (Sona) would proceed, following a protracted impasse that arose as a result of the State-owned utility’s... 

Sarec says Eskom dragging its feet in honouring Zuma’s renewables ‘injunction’
Mark Pickering

ABB hopeful Zuma’s IPP declaration will unlock orders for locally assembled inverter stations 

By: Terence Creamer     16th February 2017 The head of ABB South Africa is hopeful that renewable-energy-related orders, which all but dried up in 2016 as a result of Eskom’s refusal to sign new power purchase agreements, will resume in light of President Jacob Zuma’s announcement that the State-owned utility will sign all outstanding... 

ABB hopeful Zuma’s IPP declaration will unlock orders for locally assembled inverter stations
ABB South Africa CEO Leon Viljoen

Busa worried about Sona violence, agrees greater economic transformation is needed

By: Megan van Wyngaardt     10th February 2017 The events that unfolded at Thursday’s State of the Nation Address (Sona) by President Jacob Zuma, are of serious concern and undermine the country’s progress in and towards open, transparent and constructive dialogue, Business Unity South Africa (Busa) said on Friday. “Democracy depends on... 

Sector charter for the defence industry agreed

By: Keith Campbell     10th February 2017 Stakeholders in the country’s defence industry have adopted the Defence Sector Charter, which is intended to promote black economic empowerment (BEE) in the sector. The decision was taken at a recent stakeholder consultation session, which was attended by industry experts, suppliers, trade union... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out 

By: Terence Creamer     8th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out
Sections being manufactured at DCD Wind Towers plant, which has been shut since December

Eskom releases redacted version of Dentons report, but only to PAIA applicants 

By: Terence Creamer     7th February 2017 State-owned electricity utility Eskom has agreed to release a redacted version of a “final report” compiled by international legal firm Dentons in July 2015, following a board-initiated probe into the operational and financial underperformance of the organisation at the time. However, the report... 

Eskom releases redacted version of Dentons report, but only to PAIA applicants
Photo by Duane Daws
Eskom Chairperson Dr Ben Ngubane

Sona should focus on economic transformation – Basa  

By: Sane Dhlamini     7th February 2017 The Banking Association of South Africa (Basa) has urged President Jacob Zuma to address economic transformation in his State of the Nation Address (Sona) on Thursday. Basa said in a statement that all sectors of society should introspect on their roles in economic transformation. 

Sona should focus on economic transformation – Basa
President Jacob Zuma

The big questions when Ministers meet on renewables standoff

By: Terence Creamer     6th February 2017 When the Ministers responsible for seeking resolution to the current impasse in South Africa’s renewable-energy sector meet this month, they will be expected to weigh the serious legal and policy implications of backtracking from a Ministerial determination – as well as from one of the country’s... 

The big questions when Ministers meet on renewables standoff

Championing Delivery

By: Tracy Hancock     3rd February 2017 Founder of black-empowered consulting engineering firm PD Naidoo & Associates Pragalathan Dhanapalan (Dempsey) Naidoo may be retiring from Mott MacDonald, but the civil engineering industry and business world, he tells Tracy Hancock of Engineering News, has not yet seen the last of him. 

Diversified fuel source required to fuel local facilities

By: Simone Liedtke     3rd February 2017 South Africa requires a diversified fuel source for power generation, and natural gas is an ideal fuel, as several facilities in the country are compatible with natural gas to fuel power plants, and the resulting infrastructure will benefit other industries and end-users, says engineering... 

Diversified fuel source  required to fuel local facilities
Photo by Bloomberg
GAS-TO-POWER PROGRAMME The Department of Energy’s GPP will facilitate the construction of the base infrastructure to distribute gas to different sectors and industries

Defence industry sector charter approved

By: Keith Campbell     1st February 2017 Stakeholders in the country’s defence industry adopted the Defence Sector Charter, which is intended to promote black economic empowerment in the sector, on Tuesday. The decision was taken at a stakeholder consultation session, which was attended by industry experts, suppliers, trade union... 

Eskom receives 27 nuclear RFI ‘acknowledgement’ forms

By: Terence Creamer     31st January 2017 South African electricity utility Eskom has confirmed receipt of 27 ‘acknowledgement forms’ formally notifying the State-owned group of an intention to respond to its Nuclear New Build Programme request for information (RFI). It has also confirmed that notifications were received from major... 

Eskom receives 27 nuclear RFI ‘acknowledgement’ forms

New Nersa chief insists regulator will not act illegally when determining 2017 power tariffs

By: Terence Creamer     31st January 2017 Newly appointed National Energy Regulator of South Africa (Nersa) CEO Christopher Forlee insists that the Energy Regulator will not take any “illegal” decisions when making a determination in February about the trajectory of Eskom’s 2017 tariffs. Instead, any decision will seek to navigate the... 

New Nersa chief insists regulator will not act illegally when determining 2017 power tariffs
Photo by Duane Daws
Nersa CEO Christopher Forlee

Opinion: How Minister Brown can address Eskom’s conflicting interests 

     30th January 2017 In this article, Mark Pickering argues that the short answer to the current impasse between Eskom and renewables generators is to instruct Eskom to comply with the law and sign the agreements. The longer answer, however, will involve a more complex restructuring of the utility. 

Opinion: How Minister Brown can address Eskom’s conflicting interests
Mark Pickering

South Africa signs social economy MoU with Flanders, ILO

By: Megan van Wyngaardt     30th January 2017 The Department of Economic Development on Monday signed a memorandum of understanding (MoU) with the government of Flanders and the International Labour Organisation (ILO), aimed at advancing South Africa’s social economy. Speaking at a media briefing on Monday, Economic Development Minister... 

South Africa signs social economy MoU with Flanders, ILO
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

Digital solutions to drive next wave of industrial productivity – Immelt

By: Terence Creamer     27th January 2017 The next wave of industrial productivity will be driven by digital solutions, GE CEO Jeff Immelt argued during a visit to South Africa this week, adding that industrial firms would, therefore, have little option but to rethink their strategies in a digital context. The US multinational is in the... 

Digital solutions to drive next wave of industrial productivity – Immelt
Photo by Duane Daws
GE CEO Jeff Immelt
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