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State Companies News

Werksmans questions Transnet's statement about 1 064 locomotive procurement report

By: Simone Liedtke     16th February 2018 Law firm Werksmans Attorneys on Friday said it was surprised at State-owned Transnet board's attempt to absolve anyone of wrongdoing when its report into alleged fraud related to the procurement of 1 064 locomotives, had concluded that, not only should Transnet institute appropriate disciplinary... 

Eyes on Gigaba amid talk of Cabinet reshuffle before budget

By: Reuters     16th February 2018 South Africa's Treasury is set to present its 2018 budget to parliament on Wednesday but market focus is on whether new President Cyril Ramaphosa will reshuffle the cabinet before then and replace Finance Minister Malusi Gigaba. Ramaphosa was sworn in as head of state on Thursday after his... 

Eyes on Gigaba amid talk of Cabinet reshuffle before budget
Photo by Bloomberg
Finance Minister Malusi Gigaba

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions

By: Terence Creamer     16th February 2018 The global head of GE Power says the group anticipates that South Africa’s future electricity mix will incorporate higher contributions from wind and solar and that its South African unit, which currently has a strong coal focus, will “pivot and adjust” its skills and localisation strategies... 

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions
GE Power president and CEO Russell Stokes

Ramaphosa carries weight of economic expectations on shoulders

By: African News Agency      16th February 2018 South Africa’s brand new President Cyril Ramaphosa is riding on a wave of goodwill across the political divide as the country looks to him to steer the recovery of an ailing economy widely attributed to his predecessor Jacob Zuma. But failure by Ramaphosa to quickly get the economy back on track... 

Ramaphosa carries weight of economic expectations on shoulders
President Cyril Ramaphosa

Eskom's Matshela Koko submits letter of resignation

By: News24Wire      16th February 2018 Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   This came out at his second disciplinary hearing, currently taking place in Sandton. 

Eskom's Matshela Koko submits letter of resignation
Photo by Duane Daws
Eskom Executive Matshela Koko

'All systems go' for Sona, MPs hear

By: News24Wire      16th February 2018 Preparations for a State of the Nation Address (Sona), to be given by incoming president Cyril Ramaphosa, is on track for Friday evening. Ramaphosa was elected President at a sitting in the National Assembly on Thursday. 

 'All systems go' for Sona, MPs hear

Innovation and blockchain tech high on agenda at energy event

     16th February 2018 Leading figures within the African energy scene will convene at the tenth Africa Energy Indaba (AEI), including at the World Energy Council's (WEC’s) annual Africa meeting, to discuss the importance of innovation and regional integration at a time when the energy sector is undergoing a major... 

Innovation and blockchain tech high on agenda  at energy event
Photo by Duane Daws
CHRISTOPH FREI Achieving a robust energy future in a context of the triple transition requires different approaches guided by innovative policies

Event to add value to African energy sector

By: Simone Liedtke     16th February 2018 To bolster the socioeconomic development of the African energy sector, Africa Energy Indaba (AEI) chairperson Brian Statham says thinking within the sector needs to be expanded. 

Event to add value to African energy sector
BRIAN STATHAM Diversity energy sources provide an opportunity to interconnect energy systems

Company first-time exhibitor at event

By: Simone Liedtke     16th February 2018 South African electrical engineering company Power Plant Electrical Technologies (PPE Technologies) will exhibit at the African Energy Indaba (AEI) for the first time this year. 

Company first-time exhibitor at event
POSITIVE GROWTH TRAJECTORY Creating awareness of companies’ capabilities will lead to positive results in trade growth

Conference to foster entrepreneurial opportunities for women

By: Simone Liedtke     16th February 2018 To assist women in being successful renewable-energy entrepreneurs, the African Energy Sector: Scope and Opportunity discussion topic at this year’s Women in Energy Conference will focus on the entrepreneurial opportunities in the energy sector and how women can maximise their participation. 

Conference to foster  entrepreneurial opportunities for women
NELISIWE MAGUBANE The conference will also provide insights and opportunities for career development and entrepreneurship for women who want to participate in the energy sector

Reuse of road construction materials mitigates road damage 

By: Simone Liedtke     16th February 2018 To eliminate extensive road damage, construction company Wirtgen SA sales manager Waylon Kukard explains that for an environment-friendly rehabilitation of road pavements, existing construction materials need to be fully reused, which significantly reduces material costs. 

Reuse of road construction materials mitigates  road damage
Wirtgen South Africa sales manager Waylon Kukard discusses the benefits of road rehabilitation and cold recycling. Camerawork: Nicholas Boyd.

Nuclear energy future imminent, despite delays in updated IRP

By: Simone Liedtke     16th February 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services (Lesedi) business development executive Shane Pereira believes that there is a future for nuclear power globally, although it is being hindered locally by the delay in passing the updated Integrated... 

Nuclear energy future  imminent, despite  delays in updated IRP
SHANE PEREIRA South Africa has a strong nuclear industry

Framework continues to form sector foundation

By: Simone Liedtke     16th February 2018 The economic opportunity represented by the continent’s need for energy makes the African energy industry an attractive prospect for foreign investment, says law firm Norton Rose Fulbright director Lizel Oberholzer. 

Framework continues to form sector foundation
LIZEL OBERHOLZER There is an ever-increasing opportunity for private sector renewable and alternative energy projects to support energy supply

Robust energy base key to industrialisation

By: Simone Liedtke     16th February 2018 Public-private partnership South African Electrotechnical Export Council (SAEEC) CEO Chiboni Evans states that Africa's industrialisation can occur only if countries have a robust energy base. 

Robust energy base key to industrialisation
CHIBONI EVANS The South African government strongly supports the industrialisation of the African continent

Ramaphosa formally elected as President

     15th February 2018 Cyril Ramaphosa was elected as South Africa's new president by the National Assembly on Thursday, a day after the deeply unpopular Jacob Zuma was forced to resign by the ruling party. Ramaphosa, 65, was the sole candidate put forward by the National Assembly and takes up the top post two decades... 

Ramaphosa formally elected as President
President Cyril Ramaphosa

What can business expect from a Cyril Ramaphosa Presidency 

     15th February 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about what business expects from the post-Zuma era and how Cyril Ramaphosa’s Presidency may meet those expectations. 

What can business expect from a Cyril Ramaphosa Presidency
What can business expect from a Cyril Ramaphosa Presidency

Koeberg launches mobile desalination plant to counter water shortages

By: Kim Cloete     14th February 2018 In the wake of the severe water shortages in and around Cape Town, Eskom’s Koeberg nuclear power station has launched a mobile groundwater desalination plant which will take care of the station’s water needs. The temporary groundwater desalination plant has a 920 kilolitre-a-day capacity. The... 

Koeberg launches mobile desalination plant to counter water shortages

Zuma says he has done nothing wrong

By: African News Agency      14th February 2018 President Jacob Zuma, in a rambling television address on Wednesday, said the African National Congress (ANC) had no cause to remove him from office and claimed that the party had reneged on an agreement that he would serve another three months as a notice period before handing over to his deputy... 

Zuma says he has done nothing wrong
President Jacob Zuma

Shutdown of radioisotope subsidiary is a crisis for nuclear corporation and for the country

By: Rebecca Campbell     14th February 2018 The safety compliance failures at NTP Radioisotopes, a wholly-owned subsidiary of the State-owned South African Nuclear Energy Corporation (Necsa), has created a crisis within the parastatal and for the country’s nuclear medicine community and its patients. Necsa shut down operations at NTP in... 

Shutdown of radioisotope subsidiary is a crisis for nuclear corporation and for the country
Photo by Duane Daws/Creamer Media
An aerial view of Necsa’s Pelindaba complex

SARB stays abreast of latest fintech developments

By: Megan van Wyngaardt     13th February 2018 The South African Reserve Bank (SARB) has established a financial technology (fintech) programme to strategically assess the emergence of fintech in a structured and organised manner, and to consider its regulatory implications. The central bank explains that the programme is aimed at tracking... 

New CEO must position Eskom for ‘evolving energy markets and technologies’

By: Terence Creamer     12th February 2018 The newspaper advertisement calling for applications for the positions of CEO and CFO at State-owned power utility Eskom includes definite signs of the reforms that the newly appointed board is aiming to implement at the beleaguered organisation. The advertisement calls on appropriately qualified... 

New CEO must position Eskom for ‘evolving energy markets and technologies’
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Ramaphosa pursues "pressing matters" in push for Zuma exit

By: Reuters     9th February 2018 African National Congress (ANC) leader Cyril Ramaphosa pulled out of public events to focus on "pressing matters" on Friday, fuelling speculation that Ramaphosa was making a final push to force Jacob Zuma to step down as South Africa's head of state. Zuma, in power since 2009 and battling... 

Ramaphosa pursues
Photo by WEF
ANC President Cyril Ramaphosa

No immunity for Zuma – Ramaphosa tells ANC caucus

By: News24Wire      8th February 2018 African National Congress (ANC) president Cyril Ramaphosa has told the party's Parliamentary caucus that immunity from prosecution for President Jacob Zuma is not part of their "transition" discussions. He also assured the MPs that the talks would be concluded in a "day or two". 

No immunity for Zuma – Ramaphosa tells ANC caucus
ANC President Cyril Ramaphosa

Editorial: Is Eskom loan a case of good money after bad?

By: Terence Creamer     8th February 2018 It seems an eternity since there has been anything to be excited about when it comes to South Africa’s most important, and most embattled, State-owned company (SoC), Eskom. Since 2008, the business has lurched from supply crunch to wet-coal chaos, from funding crisis to construction confusion,... 

Editorial: Is Eskom loan a case of good money after bad?

Prasa’s subpoena aids safer commutes – DA

By: African News Agency      7th February 2018 The Democratic Alliance (DA) in the Western Cape on Wednesday said it welcomes Parliament’s Transport Portfolio Committee’s decision to issue a subpoena to the Prasa board. "Prasa’s interim board failed to attend a meeting with the Committee yesterday, 6 February 2018, to discuss, among other... 

 Prasa’s subpoena aids safer commutes – DA

Ramaphosa addresses uncertainty around Zuma’s removal

By: Sashnee Moodley     7th February 2018 Deputy President and African National Congress (ANC) president Cyril Ramaphosa on Wednesday released a statement in response to the country’s apparent anxiety around the removal of Jacob Zuma as State President.  Ramaphosa and Zuma had met for discussions about the sitting President’s... 

Ramaphosa addresses uncertainty around Zuma’s removal
Deputy President Cyril Ramaphosa

Ramaphosa to outline Zuma's fate today – speaker

By: Reuters     7th February 2018 Efforts by South Africa's ruling African National Congress (ANC) to unseat President Jacob Zuma tilted towards the end game on Wednesday as the speaker of parliament said party leader Cyril Ramaphosa would outline Zuma's fate imminently. Zuma, in power since 2009, has been in a weakened position... 

Ramaphosa to outline Zuma's fate today – speaker
Deputy President Cyril Ramaphosa

Sona is postponed

     6th February 2018 The presiding officers of Parliament on Tuesday announced the postponement of the State of the Nation Address (Sona) which was to have taken place on Thursday evening. The announcement by Speaker Baleka Mbete comes as the ruling African National Congress (ANC) on Tuesday confirmed that its... 

Sona is postponed
Speaker Baleka Mbete

Gordhan lashes out at Denel as it begs for R3bn lifeline

By: African News Agency      6th February 2018 State arms manufacturer Denel on Tuesday pleaded for an equity injection as it briefed MPs on its results for the past year, but former finance minister Pravin Gordhan flatly countered that the company's dire financials were linked to its dealings with the Gupta family believed to have corrupted... 

No special Cabinet meeting called by Zuma – Presidency

By: News24Wire      6th February 2018 The Presidency has denied reports that a special Cabinet meeting was called by President Jacob Zuma in Parliament on Tuesday. Speculation was rife that Zuma had called a meeting of his Cabinet, just two days before possibly his last State of the Nation Address. 

Sona delay is being considered – speaker

By: Reuters     6th February 2018 A request from South African opposition parties to postpone the president's State of the Nation Address "is receiving consideration", the parliament's speaker Baleka Mbete said in a letter to the country's main opposition party seen by Reuters. Opposition parties want the state of the nation... 

Sona delay is being considered – speaker
Jacob Zuma & Baleka Mbete

Criminal charges laid against Molefe over R30m pension payout

By: African News Agency      6th February 2018 Trade union Solidarity on Tuesday laid criminal charges against embattled former Eskom chief executive Brian Molefe and former Eskom board chairperson Ben Ngubane over the R30-million pension awarded to Molefe when he left the struggling state-owned power utility. “The charges focus specifically... 

Zuma summons ministers to cabinet meeting

By: Reuters     6th February 2018 President Jacob Zuma summoned cabinet ministers to a meeting in Cape Town on Tuesday, eNCA television reported, as pressure builds on the embattled 75-year-old leader to quit. Zuma normally holds cabinet meetings on Wednesdays. It was not immediately clear why Zuma had summoned the meeting a day... 

Zuma summons ministers to cabinet meeting
President Jacob Zuma

PIC advances R5bn bridging loan to fund Eskom through February

By: Terence Creamer     5th February 2018 The Public Investment Corporation (PIC) announced on Monday that it is advancing R5-billion to cash-strapped power utility Eskom in the form of bridging finance to fund the company’s operations during February. The one-month loan, which has been advanced on behalf of the Government Employees... 

PIC advances R5bn bridging loan to fund Eskom through February

Eskom given go ahead to sign stalled deals with renewables IPPs

By: Terence Creamer     2nd February 2018 Public Enterprises Minister Lynne Brown announced on Friday that Eskom’s application to purchase additional renewable energy from independent power producers (IPPs) had been approved, clearing the way for the signing of power purchase agreements (PPAs) for 27 wind and solar projects procured by... 

Eskom given go ahead to sign stalled deals with renewables IPPs

We are getting to a stage when we will be uninsurable – PRASA

By: African News Agency      2nd February 2018 State-owned Passenger Rail Agency of South Africa (PRASA) on Thursday said it would soon be “uninsurable” if criminal activity, leading to-millions of rands in loss and damage, was not halted. Cromet Molepo, the acting group chief executive for PRASA made the comments at a media briefing in... 

New models needed to revitalise and modernise SA’s water sector

By: Dylan Slater     2nd February 2018 Sustainable transformation in the South African water sector requires the introduction of new models and mechanisms for working relationships that will enhance the effective and efficient delivery of related water services to consumers, according to Water and Sanitation Minister Nomvula Mokonyane.  

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