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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...
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...
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...
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...
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....
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...
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...
"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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 reports that Eskom and the National Treasury are hoping that the number of municipalities participating in the Eskom Municipal Debt Relief Support Programme...
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)...
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
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 has described South Africa’s highly fragmented electricity distribution industry as a threat to energy security that warrants attention “on the scale and...
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...
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),...
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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VISIT SHOWROOMISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
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