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The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25...
South Africa has deployed its troops into two wars without renewing a maintenance contract needed to keep its essential attack and transport helicopters flying. A so-called fixed-cost contract...
State-owned defence company Denel is showcasing several of its products in the fields of missile technology, air defence systems, precision guided munitions, artillery systems and unmanned aerial...
South Africa’s minister of public enterprises will soon introduce a bill in parliament to establish a government firm that will own and manage at least 13 of the country’s state-owned companies....
The inaugural board of directors of the National Transmission Company of South Africa (NTCSA), which was announced by the Eskom board on Tuesday, will be chaired by Priscillah Mabelane, who is also...
While national and provincial government has made strides in improving financial management, there is also a concerning increase in entities that simply do not complete audits, says Business...
A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt...
Only one of South Africa's 19 major State-owned enterprises received a clean audit in the past year, Auditor-General Tsakani Maluleke has said. Maluleke on Wednesday tabled the audit outcomes for...
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....
Trade union the Public Servants Association of South Africa on Thursday urged government to reduce wasteful expenditure at State-owned entities and appoint qualified, experienced and competent...
Four state-owned enterprises – Eskom, South African Airways, Denel, and Alexkor – as well as the UIF, the Compensation Fund, and the National Student Financial Aid Scheme have missed the deadline...
The senior management of State-owned defence industrial group Denel presented, on Wednesday, to the Parliamentary Portfolio Committee on Public Enterprises, an update on the restructuring plan for...
A briefing to Parliament’s Portfolio Committee on Public Enterprises by the top management of Denel on Wednesday brought home the scale of the collapse at the State-owned defence industrial group...
State-owned defence industrial group Denel has reported that it has successfully demonstrated the long-range capabilities of its T5-52 truck-mounted gun/howitzer to eight international delegations...
State-owned Denel’s Denel Aeronautics division and global defence and advanced electronics company Aselsan Elektronik Sanayi (Aselsan) have strengthened their strategic collaboration by signing a...
This week we profile Andile Africa, CEO of the Automotive Industry Development Centre, which was established to develop and transform the automotive industry in South Africa into a globally...
The South African National Space Agency’s (SANSA’s) recently appointed and third confirmed (as distinct from acting) CEO, Humbulani Mudau, is determined to use the solid “launch pad” created under...
The South African National Space Agency’s (SANSA’s) recently appointed and third confirmed (as distinct from acting) CEO, Humbulani Mudau, is determined to use the solid “launch pad” created under...
This week we profile Themba Baloyi, MD of Voith Turbo South Africa, which is engaged in the marketing, assembly, service and sales support of engineering products in mining and metals, paper, rail,...
Denel, the State-owned armaments manufacturer whose primary mandate is to equip South Africa's armed forces, says it is appointing an executive team to lead the organisation and bolster its efforts...
The Standing Committee on Public Accounts (Scopa) has suspended its meeting with State-owned defence technology company Denel, which was scheduled for June 6, as the Denel board failed to appear....
One of the ironies about South Africa’s use of competitive bidding for just about all public procurement, from the purchase of office stationery to diesel locomotives, is that it hardly ever...
Eskom made a whopping R21.2-billion loss over the past financial year, its largest ever, unaudited results disclosed by the National Treasury in Parliament showed. On Tuesday, the Treasury...
State-owned defence industrial group Denel has assured that its contract to supply the South African National Defence Force (SANDF) with new-generation Badger infantry fighting vehicles is “not in...
Addressing Parliament’s Portfolio Committee on Defence and Military Veterans in Cape Town on Tuesday, Defence and Military Veterans Minister Thandi Modise stated, almost in passing, that she hoped...
Siemens Mobility has successfully completed the Gauteng resignalling project, which it has described as “the biggest signalling project in South African history”.
As South Africa scrambles to deal with a diplomatic crisis brought on by US claims that the country sold arms to Russia, Rheinmetall Denel Munition (RDM) has vehemently denied any involvement in...
This week we profile Etienne de Villiers, the divisional technical executive at John Thompson, which designs, manufactures, builds and maintens industrial and utility boiler plant, and also...
Western Cape Premier Alan Winde has reaffirmed his administration’s determination to rapidly reduce, and ultimately end, the impact of electricity loadshedding (scheduled rotating power cuts,...
The official groundbreaking ceremony for a 5.06 MWp capacity solar energy plant at the Rheinmetall Denel Munition (RDM) plant at Somerset West, in metropolitan Cape Town, was held late Wednesday...
While Western Cape drone developer FlyH2 Aerospace is making headway with the development of its long endurance, remotely piloted aircraft system hydrogen-electric aircraft, the Dragonfly V, it is...
President Cyril Ramaphosa unveiled a new investment target of R2-trillion for the five-year period to 2028 at the fifth edition of the South African Investment Conference on Thursday, where he also...
The messages around the future governance of South Africa’s large and seriously underperforming State-owned Enterprises (SOEs) are incredibly mixed. On the one extreme is the message that these...
The Joint Standing Committee on Defence has called on State-owned Denel to meet with the South African National Defence Force (SANDF) command to thrash out concerns raised about the ability of the...
President Cyril Ramaphosa has confirmed that the position of Public Enterprises Minister and the Department of Public Enterprises (DPE) will “cease to exist” once a new holding company for...
Parliament’s Joint Standing Committee on Defence reported on Friday its concerns about the maintenance of the South African National Defence Force’s (SANDF’s) prime mission equipment (PME). In a...
As State-owned entities (SOEs) continue to rely on government bailouts and dominate the guarantee portfolio of the fiscus, Finance Minister Enoch Godongwana has announced conditional in-year...
The Portfolio Committee on Public Enterprises has welcomed the proposal to declare the ongoing loadshedding a state of national disaster to assist State-owned utility Eskom to manage the energy...
This week we profile Sereme Maphaka, CEO of Methano Group, an engineering, procurement, construction and management company that is active in the mining, water, renewable energy, and industry sectors
German industrial group Rheinmetall plans to build its first South African plant to produce photovoltaic (PV) panels for the power-deprived local market, a company executive told Reuters on...
National Treasury acting director-general Ismail Momoniat said the medium-term budget made allocations to struggling parastatals to supplement infrastructure investment for growth, warning some...
State-owned defence industrial group Denel has given the assurance that it would use the funding granted to it by National Treasury, under the medium-term budget policy statement (MTBPS) released...
On Wednesday, Finance Minister Enoch Godongwana was asked to describe the Medium-term Budget Policy Statement, and he responded with one word: "positive". Economists mostly agreed. They welcomed...
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