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State Companies

The Moody's logo
Moody’s places Transnet on review for ratings downgrade
14th November 2023 By: News24Wire

Moody’s Investors Service has placed Transnet on review for a potential credit ratings downgrade due to concerns over liquidity and refinancing risks for the struggling state-owned freight, port... 


Bank cards
Forensic Analysis Centre launched to collaboratively tackle financial crime
13th November 2023 By: Tasneem Bulbulia

To bolster South Africa’s capacity to investigate and prosecute financial crime, the Banking Association South Africa (Basa) and the South African Banking Risk Information Centre (Sabric) have... 


Municipal Cleaning and Greening Programme launched to tackle illegal dumping
10th November 2023 By: Tasneem Bulbulia

Forestry, Fisheries and the Environment Minister Barbara Creecy on November 10 launched the Municipal Cleaning and Greening Programme, which is aimed at clearing 7 251 illegal dumping hotspots in... 


Trevor Manuel
Africa must do more to advance its own development – Manuel
10th November 2023 By: Schalk Burger

Africa's business sector and governments must push harder in addressing the challenges facing the continent, as the biggest threat to its development is complacency, said insurance and investment... 


Former Eskom executive Matshela Koko
Koko's Kusile 'graft': Lead investigator faces blistering questions over case delays
9th November 2023 By: News24Wire

The lead investigator in the R2-billion Kusile Power Station corruption case has backtracked on his testimony that two German nationals accused in the matter will not be extradited to stand trial.... 


The 20 MW/100MWh Hex BESS site, in Worcester in the Western Cape
Eskom’s Hex battery the first of eight utility-scale projects being deployed across four provinces
9th November 2023 By: Terence Creamer

Eskom has officially started operating the first of eight utility-scale battery energy storage system (BESS) projects being introduced as part of Phase 1 of a World Bank-funded programme to add... 


Flags with the eskom logo
South Africa still weighing impact of charging Eskom interest
9th November 2023 By: Bloomberg

South Africa is still assessing the effect of adding interest to a R254-billion debt relief package for state-owned Eskom Holdings as the company prepares to split into three, according to a... 


Minister of Public Enterprises Pravin Gordhan
'There is nothing we can do.' Gordhan bemoans 'unreasonable' Chinese rail company
9th November 2023 By: News24Wire

"Transnet needs help," chairperson Andile Sangqu told MPs on Wednesday in an appeal to the government to take on some of its unsustainable debt burden and fund its turnaround plan. Transnet has a... 


More taxpayers pleased with Sars’ quality of service – survey
8th November 2023 By: Tasneem Bulbulia

An increasing number of South African taxpayers believe the quality of service delivered by the South African Revenue Service (Sars) is improving, professional services firm PwC’s newly released... 


Transnet logo
Pension pay-outs to Transnet execs involved in inflated breathalyser-straw procurement interdicted
8th November 2023 By: Terence Creamer

Pension pay-outs to two former Transnet executives linked to fruitless and wasteful expenditure of R33.5-million arising from the acquisition of a million disposable breathalyser straws, procured... 


A TFR locomotive
Indebted Transnet rolls over R7bn loans for four months
8th November 2023 By: Bloomberg

Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four months. The bonds, which were due November 6, were... 


First phase of Rosebank Public Transport Facility upgrade completed
7th November 2023 By: Tasneem Bulbulia

The first phase of construction upgrades for the Rosebank Public Transport Facility has reached practical completion, the Johannesburg Development Agency (JDA) reports. Phase two of the project... 


Cape Town runway project awaiting Economic Regulator approval
6th November 2023 By: Tasneem Bulbulia

The starting of the Cape Town Aviation Infrastructure runway realignment is dependent on the approval by the Economic Regulator which is outstanding at this point; as well as the review of the... 


Ferrochrome smelter
Regulator approves Eskom tariff discounts for ferrochrome groups
6th November 2023 By: Terence Creamer

The Energy Regulator has approved six-year negotiated pricing agreements (NPAs) for ferrochrome smelters operated in South Africa by both Glencore-Merafe Chrome Venture and Samancor Chrome. The... 


DBSA logo
Ebrahim Rasool appointed DBSA chair
6th November 2023 By: Terence Creamer

Former Western Cape Premier Ebrahim Rasool has been appointed the new chairperson of the Development Bank of Southern Africa (DBSA). His appointment was announced during a post-Cabinet briefing... 


Rail lines
Interim Infrastructure Manager set up to facilitate initial private access to rail network
2nd November 2023 By: Terence Creamer

Transnet has confirmed the establishment of an interim rail Infrastructure Manager, which will oversee the initial process of ensuring that the rail network is opened to private train operating... 


Eskom's Duvha power station
Eskom says its coal pollution kills 330 South Africans a year
2nd November 2023 By: Bloomberg

State power utility Eskom Holdings said pollution from its coal-fired plants that supply more than 80% of the country’s power kills about 330 people a year. The figure, which Eskom drew from its... 


Eskom's Megawatt Park
Municipalities owing Eskom R56.8bn apply to participate in debt write-off scheme
1st November 2023 By: Terence Creamer

The National Treasury has confirmed that a total of 67 municipalities, which collectively owe Eskom R56.8-billion, or 97% of the municipal arrears debt of over R58-billion owed to the utility at... 


A locomotive operated by TFR
Transnet urged to engage before presenting a R100bn bail-out ‘invoice’
1st November 2023 By: Terence Creamer

Finance Minister Enoch Godongwana has not “closed the door” on Transnet’s move to secure a reported R100-billion in balance-sheet support to assist with its recently released turnaround plan.... 


Eskom’s head of distribution Monde Bala
Municipalities approved for Eskom debt relief could rise to 67 – Eskom
31st October 2023 By: Terence Creamer

Eskom’s head of distribution Monde Bala reports that Eskom and the National Treasury are hoping that the number of municipalities participating in the Eskom Municipal Debt Relief Support Programme... 


Acting Eskom CEO Calib Cassim
Eskom warns of another R23bn loss as loadshedding underpins R24bn collapse
31st October 2023 By: Terence Creamer

Eskom has warned that it is likely to report another R23-billion-plus loss for its current financial year to the end of March 2024, having belatedly confirmed a loss of R24-billion (R12-billion)... 


CDE executive director Ann Bernstein
CDE lays out path to economic rescue ahead of MTBPS
30th October 2023 By: Darren Parker

Ahead of Finance Minister Enoch Godongwana’s November 1 Medium Term Budget Policy Statement (MTBPS), policy think tank the Centre for Development and Enterprise (CDE) has set out what it thinks... 


TP Nchocho
TP Nchocho appointed chair of inaugural TNPA board
30th October 2023 By: Terence Creamer

Outgoing Industrial Development Corporation (IDC) CEO Tshokolo Petrus (TP) Nchocho has been appointed chairperson of the inaugural Transnet National Ports Authority (TNPA) board. Nchocho, who... 


South African economy to slow down this year before stabilising in 2024
30th October 2023 By: Darren Parker

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 


wind turbines being offloaded from ship
Wind turbine consignment arrives at Saldanha Multi-Purpose Terminal
27th October 2023 By: Darren Parker

The Saldanha Multi-Purpose Terminal (MPT), managed by Transnet Port Terminals, is playing a strategic role in discharging imported wind turbine components that will go towards building 32 wind... 


Photo of Terence Creamer
Transnet unveils recovery plan
27th October 2023 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the background to Transnet's proposed recovery plan; some of the key components of this plan; and if Transnet is likely to get the support it is... 


Public Enterprises Minister Pravin Gordhan
'Out of ICU': Gordhan says Takatso deal will be concluded soon, as SAA launches Brazil route
27th October 2023 By: News24Wire

The South African Airways-Takatso deal is "pretty much still on," with hopes that it will be concluded either later this year or early next year, according to Public Enterprises Minister Pravin... 


Magazine Cover Image
Inside the Energy One Stop Shop and its drive to fast-track electricity projects
27th October 2023 By: Cameron Mackay

The Energy One Stop Shop (EOSS), officially launched by Trade, Industry and Competition Minister Ebrahim Patel on July 27, is in the ramp-up phase of a four-stage process aimed at fast-tracking the... 


Rail tracks
‘Open and transparent’ third-party rail access system by April
26th October 2023 By: Terence Creamer

State-owned freight logistics group Transnet has confirmed that an open and transparent framework for granting private train operating companies’ third-party access to the South African railway... 


Transnet chairperson Andile Sangqu
Transnet’s recovery plan premised on securing govt capital injection
26th October 2023 By: Terence Creamer

Absent an equity injection or debt relief from government, Transnet chairperson Andile Sangqu says the State-owned entity will not be able to deliver on what he described as a “credible” recovery... 


Public Enterprises Minister Pravin Gordhan
'I'm not going anywhere' - Gordhan hits back at accusations of meddling at Transnet, Eskom
26th October 2023 By: News24Wire

While executives and board members at troubled State-owned enterprises Transnet and Eskom have resigned in recent weeks, Public Enterprises Minister Pravin Gordhan has rejected accusations that it... 


metrobus
Metrobus launches intelligent transport system, moves premises
25th October 2023 By: Darren Parker

City of Joburg public transport provider Metrobus has launched an intelligent transport system, which includes an automated fare collection platform, an onboard bus camera monitoring system and... 


Electricity Minister Kgosientsho Ramokgopa
Distribution crisis requires attention on same ‘scale and intensity’ as generation shortfall
24th October 2023 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa has described South Africa’s highly fragmented electricity distribution industry as a threat to energy security that warrants attention “on the scale and... 


A road construction project in the Northern Cape
Sanral to cancel advertised tenders that have yet to close as it withdraws procurement policy
24th October 2023 By: Creamer Media Reporter

The South African National Roads Agency Limited (Sanral) has decided to withdraw its new Preferential Procurement Policy (PPP), which was adopted by the agency's board in May. Since adopting the... 


power line
Eskom targets 1 000 MW as it launches cross-border standard purchase offer
24th October 2023 By: Terence Creamer

South Africa’s electricity utility Eskom is aiming to contract for 1 000 MW of additional electricity imports from it regional neighbours using a cross-border standard offer programme (CBSOP),... 


An Eskom logo
Top bond investor slams South Africa bid to fix State firms
24th October 2023 By: Bloomberg

Futuregrowth Asset Management, a South African money manager overseeing more than R190-billion of fixed-income assets, says the government’s draft legislation meant to address inefficiencies at... 


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Sector News

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

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Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

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Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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