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Gordhan insisted Gigaba’s staff fly economy

By: African News Agency      Updated 2 hours 4 minutes ago National Treasury turned down a request from Home Affairs Minister Malusi Gigaba for staff travelling with him to fly business class, according to a response to parliamentary question. Finance Minister Pravin Gordhan gave details of instances where treasury received requests for permission to... 

Investors eye nuclear vs political power in South Africa

By: News24Wire      Updated 4 hours ago Political power and nuclear power in South Africa are currently key topics of interest to investors, emerging markets economist Peter Attard Montalto of Nomura said on Monday. "We reiterate our existing views on political power not having shifted, though some risk of erosion of ‘foundations’ is... 

High Risk Inland Mini Substations Mitigate Against Vandalism And Copper Theft

     Updated 5 hours ago Electrical substations pose a number of unique challenges including vandalism and the theft of copper. This is especially true for mini substations, which are often located in residential areas and in remote rural areas, and applies to those owned by power utilities as well as private owners.... 

Futuregrowth lifts Land Bank lending freeze

By: Terence Creamer     26th September 2016 The Land Bank announced on Monday that Futuregrowth Asset Management had, with immediate effect, lifted a lending suspension controversially imposed on the bank, as well as five other State-owned companies (SoCs), on August 31. Besides the Land Bank, Futuregrowth also froze any new lending to the... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Eskom to use $11bn future earnings for nuclear expansion 

By: Reuters     23rd September 2016 South Africa's power utility Eskom estimates it would have R150-billion ($11-billion) within the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said. In a column in the BusinessDay newspaper, Eskom's group executive for generation, Matshela... 

Breathtaking views on electricity and renewables

By: Terry Mackenzie-hoy     23rd September 2016 Of late, I have been reading in Engineering News and other publications of opinion on electricity and renewable energy by various people that are just breathtaking. It is interesting that these opinions are somewhat fanciful, to say the least. Let us first get down to the detail in a particular... 

Coega positions itself as energy mix hub

By: Nadine James     23rd September 2016 A growing number of manufacturing opportunities have been created and sustained through the approach of diversifying the energy mix in the Eastern Cape, which has seen the development of several energy investment projects worth more than R3.5-billion. The Coega Industrial Development Zone (IDZ)... 

Noupoort Wind Farm project, South Africa

By: Sheila Barradas     23rd September 2016 The Noupoort Wind Farm, in the Northern Cape, has been declared officially operational. 

South32 aluminium production unchanged in FY2016

By: Simone Liedtke     23rd September 2016 Mining resources company South32 announced in its full report for the 2016 financial year that South Africa aluminium saleable production was largely unchanged in, as the impact of electricity load-shedding events were lower than expected, particularly in the December 2015 half-year. 

BLSA outlines three urgent interventions for restoring confidence

By: Terence Creamer     22nd September 2016 Business Leadership South Africa (BLSA), which is an association of the biggest domestic and multinational businesses in the country, urged government on Thursday to take three urgent steps to demonstrate its commitment to delivering on its promise to support the economy and restore investor... 

Babcock invests in fully automatic CNC bending machine for their high pressure pipe fabrication facility

     22nd September 2016 Babcock is focused on rapidly responding to customers’ challenges by delivering trusted solutions and investing in best in class technology. With boiler experience dating back to 1891, Babcock is Africa’s most established and experienced boiler supplier, and offers a full range of specialised... 

No need for Treasury to finance nuclear – Molefe 

By: News24Wire      21st September 2016 A nuclear build programme for South Africa doesn’t need to be funded by the fiscus. There are enough potential financiers who would be willing to take the risk, said Brian Molefe, Eskom CEO on Wednesday. Speaking to Fin24 on the sidelines of a parliamentary meeting, Molefe said he doesn’t believe... 

Molefe: No nuclear by 2035 could mean another power crunch

By: News24Wire      21st September 2016 If South Africa doesn’t have additional nuclear power by 2035, the country will be in the same position as in 2008 when there was a serious shortage of power supply, Eskom CEO Brian Molefe said on Wednesday. Molefe was part of an Eskom delegation who briefed Parliament on the power utility’s... 

Futuregrowth seeks ‘right side of history’ with clean coal

By: Bloomberg     21st September 2016 Futuregrowth Asset Management, South Africa’s largest specialist fixed-income money manager, said it won’t participate in funding of coal-fired power generation until the industry develops environmentally sustainable methods of operating. The decision is based on the company’s investment... 

Public comment period for Eskom application for nuclear installation licences extended

By: African News Agency      19th September 2016 Interested parties will from Monday be able to comment on Eskom’s application for nuclear installation site licences in the Western Cape and Eastern Cape, the power utility announced on Monday. Earlier this month, the National Nuclear Regulator (NNR) approved the extension of the deadline for... 

Awards recognise game-changers in South Africa’s energy sector

By: Megan van Wyngaardt     19th September 2016 Strategic adviser Dr Willie de Beer received the 2016 South African National Energy Association (Sanea) Energy Award in recognition of his ongoing contribution to the local energy sector. The awards recognise South Africans and their efforts in ensuring that the country enjoys a stable and secure... 

Koeberg unit shut down for refuelling

By: Megan van Wyngaardt     19th September 2016 Unit 1 of the Koeberg nuclear power station, near Cape Town, will be shut down on Monday for a planned refuelling outage. This outage will take just over a month, with the unit expected to be back on line towards the end of October. Koeberg Unit 1 has been on stream without any interruption since... 

New revelations in South African nuclear deal

By: News24Wire      16th September 2016 The department of energy was tight-lipped on Friday over the awarding of a tender for the controversial nuclear build programme to the son of a close friend of President Jacob Zuma. When approached for comment, departmental spokesperson Thandiwe Maimane said by email: "For now the department of... 

Black business pioneer raises concern about IPP uncertainty

By: Terence Creamer     16th September 2016 One of South Africa’s pioneering black-owned companies, Thebe Investment Corporation, says it is critical that the prevailing uncertainty surrounding the future of independent power producers (IPPs) be urgently resolved, saying that the current “confusion is not appreciated” by it and other... 

PRASA deal's European 'BEE' partner, arms deal links

By: News24Wire      16th September 2016 A Swiss consulting firm, whose owner had been named in a corruption probe in Italy, may have received at least R4-million thanks to its bizarre BEE stake in PRASA's R51-billion tender for new passenger coaches. Last week, News24 revealed that JSE-listed technology firm EOH had paid R16.5-million... 

Eskom delivers on services despite arising challenges

By: Sascha Solomons     16th September 2016 Service delivery in South Africa is a very demanding undertaking, says the Western Cape provincial branch of State-owned utility Eskom; however, it has to be done regardless of the challenges. Eskom provincial spokesperson Jolene Henn adds that for this reason, the delivery of projects within the... 

Medupi power station project, South Africa

By: Sheila Barradas     16th September 2016 The second 800 MW unit – Unit 5 – has been synchronised to the grid. 

Uncertainty surrounding resource programmes highlighted

By: Sascha Solomons     16th September 2016 With South Africa needing to ramp up its potential power supply in the medium and long term, engineering and design firm WSP⎪Parsons Brinckerhoff Africa comments that the biggest challenge impeding ramp up of power generation from IPPs is the level of uncertainty regarding power procurement... 

South Africa nuclear tender open to all, Rosatom not frontrunner

By: Reuters     15th September 2016 A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,... 

Gas will be integral to energy mix in the future – Eskom

By: Anine Kilian     15th September 2016 South Africa’s decision to introduce a carbon tax by 2020 will impact coal mines in an already declining coal market, Eskom renewables research manager Kubeshnie Bhugwadin said on Thursday. Addressing an audience at a gas workshop hosted by the Fossil Fuel Foundation, she pointed out that the... 

Moody's may downgrade five South African State-owned firms

By: Reuters     15th September 2016 Moody's may cut the ratings of five South African State-owned firms, including utility Eskom, it said on Wednesday, citing funding risks after some local institutional investors said they had stopped lending to some parastatals. Asset manager Futuregrowth, which manages client assets of about... 

South Africa under pressue to ratify COP21 agreement . . . because of Trump

By: News24Wire      15th September 2016 South Africa is under pressure to ratify the COP21 climate change Paris agreement before the end of the year, as doing so could make it binding on a potential Donald Trump-led US. "If the Paris agreement is in force, legally the US can't get out of it," Environmental Affairs Deputy... 

Eskom to engage Moody’s on possible downgrade

By: African News Agency      15th September 2016 Eskom on Thursday said it would be engaging Moody’s Investor Services, following concerns raised by the ratings agency about the power utility’s funding risk after Futuregrowth withdrew new funding to the State-owned company. The Eskom move follows Moody’s ratings update on Wednesday, which... 

80 MW Karoo wind farm officially inaugurated

By: Creamer Media Reporter      14th September 2016 The 80 MW Noupoort wind farm, in the Northern Cape, has been declared officially operational by Umsobumvo municipality district mayor Mzwandile Toto, following the completion of construction and the plant’s connection to the Eskom grid earlier in the year. Located 10 km east of the Karoo town of... 

Will nuclear tender ‘lock in’ bid price, energy expert asks 

By: Terence Creamer     14th September 2016 A leading energy academic, who is opposed to the imminent issuance of a nuclear tender in the absence of an updated generation plan, says he will be paying close attention to whether the request for proposals (RFP) is a “genuine competitive tender for a fixed-price contract”, or simply a process... 

Agri SA calls on government to provide drought assistance to farmers

By: Anine Kilian     13th September 2016 Agricultural industry association Agri SA has called for emergency assistance from government, either as State guarantees or direct assistance through the structures of the Land Bank, agribusinesses or special purpose vehicles, to assist farmers affected by the ongoing drought. In a statement... 

Cabinet has confidence in new State airline board – Zuma 

By: Reuters     13th September 2016 President Jacob Zuma said on Tuesday his cabinet has confidence in a newly reconstituted board of the struggling State airline. Zuma, who was responding to questions in parliament, also said State-run companies were "not at war" with each other, a reference to public disputes between firms such... 

Oakbay seeks to shed light on its operations, upbeat about future prospects

By: Ilan Solomons     9th September 2016 In an attempt to highlight that its revenue is largely driven by private-sector deals – with government contracts accounting for only 8.9% of revenue generation – controversial investment holding company Oakbay Investments on Thursday released its first annual results for the year ended February... 

Brown lauds Eskom leadership after Medupi unit comes on line

By: African News Agency      9th September 2016 Public Enterprises Minister Lynne Brown had high praise for Eskom CEO Brian Molefe and chairman Ben Ngubane on Friday after the Medupi power plant’s Unit 5 was synchronised to the electricity grid. Brown said their inspirational leadership had turned the embattled utility around. The unit adds an... 

800-plus exhibitors to showcase their products, services at Electra Mining 2016

By: Ilan Solomons     9th September 2016 It has become increasingly important for mining equipment and service providers to attend trade shows to benefit from increased marketing opportunities amid the difficult operating conditions in the global mining industry, says Electra Mining Africa 2016 show organiser Specialised Exhibitions... 

Early leak detection equipment installed at power plants

By: Kimberley Smuts     9th September 2016 Local engineering company RTS Africa Engineering is currently focused on the commissioning of manufacturing company Procon's boiler tube leak detection equipment, which tests and inspects the sound of leaking steam tubes within the boiler, at both the Medupi and Kusile power stations, owned by... 

Electricity safety campaign highlights risks of illegal connections

By: Dylan Slater     9th September 2016 State-owned power utility Eskom launched a countrywide week-long safety campaign between August 22 and 28 to create awareness about and responsible use of electricity.  

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