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Business body urges ANC NEC to pressurise Zuma to set up State capture inquiry

By: Terence Creamer     Updated 3 hours ago Business Leadership South Africa (BLSA) has added its voice to growing calls for the establishment of an independent judicial commission of inquiry into “State capture”, which it says is necessary to restore confidence in the economy and the future of the country. The big business body has also... 

DA asks AG to probe unnecessary R81m advance payment to Zuma benefactor

By: African News Agency      22nd May 2017 Water and Sanitation Minister Nomvula Mokonyane needs to explain why President Jacob Zuma’s close friend Philani Mavundla was allegedly irregularly paid an advance of tens of millions of rand, the Democratic Alliance (DA) said on Sunday. The DA would ask Auditor General (AG) Kimi Makwetu to... 

Parly inquiry into Eskom must include Duduzane Zuma’s ‘fake intelligence report’ – DA

By: African News Agency      22nd May 2017 The Democratic Alliance (DA) will ask Parliament’s chair of chairs Cedric Frolick to include an investigation into the most recent evidence of possible political interference in Eskom, this time by Duduzane Zuma, in the course of the inquiry the DA has requested. Just over a week ago, the DA... 

Task team deliberating on renewables impasse to report ‘first week in June’

By: Terence Creamer     19th May 2017 A joint departmental task team set up to find solutions to the current impasse holding back the signing of power purchase agreements (PPAs) for 37 renewable-energy projects procured in 2015 will report back in the first week of June, Energy Minister Mmamoloko Kubayi reported on Friday. The task... 

Eskom questions timing of Ramatlhodi’s claims

By: Megan van Wyngaardt     19th May 2017 Eskom chairperson Ben Ngubane on Friday said former Mineral Resources Minister Ngoako Ramatlhodi’s claims that he was placed under pressure by the parastatal to carry out certain decisions were “barefaced lies”. Earlier this week, Ramatlhodi said Eskom CEO Brian Molefe and Ngubane had, in 2015,... 

Industry leaders warn of loss in investments in renewables sector

By: Johane Turkstra     19th May 2017 Following State-owned power utility Eskom’s decision last year not to sign a number of contracts with independent power producers (IPP) and the delay in doing so since, industry leaders are warning that a loss in investments in the renewables sector could lead to a severe plateau in... 

The unravelling of Jacob Zuma  

By: Aubrey Matshiqi     19th May 2017 At the memorial service for former President Nelson Mandela, a section of the crowd booed President Jacob Zuma. At the end of last year, former Tourism Minister Derek Hanekom stood up at a meeting of the national executive committee (NEC) of the African National Congress (ANC) and proposed a vote... 

Weak economy continued to exact toll on new-vehicle sales in April

By: Irma Venter     19th May 2017 A tough economy and a slew of public holidays, meaning less selling days, both took their toll on domestic new-vehicle sales in April, which, at 34 956 units, were down 5 392 units compared with the same month last year. Sales numbers released by the Department of Trade and Industry show that new... 

Zuma could be called in to get SAA money back from abroad – Deputy Finance Minister

By: African News Agency      18th May 2017 If all else failed, National Treasury might enlist the help of President Jacob Zuma to secure the repatriation of South African Airways funds from fellow African states, Deputy Finance Minister Sifiso Buthelezi told MPs on Wednesday. Buthelezi told Parliament’s standing committee on finance the... 

Open letter to Zuma: 'Water crisis will lead to war and deaths in W Cape'

By: News24Wire      18th May 2017 The water crisis in the Western Cape will lead to war and deaths unless urgent steps are taken soon, Congress of South African Trade Union (Cosatu) said on Wednesday. "We know that we have asked for you to step down, but whilst you are still president we bring this urgent matter to your... 

Brown to talk to Zuma, Ramaphosa to 'resolve Molefe matter' 

By: News24Wire      17th May 2017 Public Enterprises Minister Lynne Brown says she will talk to President Jacob Zuma and Deputy President Cyril Ramaphosa to resolve the controversial return of Eskom boss Brian Molefe. Brown was summoned to Luthuli House on Monday and ordered to rescind Molefe's return to the power utility. She... 

Tourism can change people's lives for the better – Zuma

By: News24Wire      17th May 2017 Tourism has the potential to change people’s lives for the better, especially during these globally depressed economic times, President Jacob Zuma has said. In addition to job creation, tourism also provided opportunities for entrepreneurship, Zuma said at the official opening of the Travel... 

South Africa farm minister sees no land expropriation without payment

By: Reuters     17th May 2017 South Africa's ruling African National Congress (ANC) is not likely to approve any expropriation of land from white farmers without paying compensation, the agriculture minister said on Tuesday after President Jacob Zuma mooted such an idea. Faced with opposition mainly from ANC's urban base,... 

Absence of Eskom CEO rattles opening of African Utility Week 

By: Kim Cloete     16th May 2017 Despite great anticipation ahead of his address, reinstated Eskom CEO Brian Molefe did not open the annual African Utility Week, in Cape Town, as planned. The CEO was scheduled to be the keynote speaker at the opening plenary, attended by several thousand energy and water experts, but pulled out... 

Kubayi expresses support for 3 700 MW gas-to-power vision amid IPP uncertainty 

By: Terence Creamer     16th May 2017 Energy Minister Mmamoloko Kubayi expressed her support on Tuesday for the country’s proposed gas-to-power programme, assuring delegates to a conference in Cape Town that government intended proceeding in line with the existing “vision and policy objectives” for gas infrastructure. “Over the past... 

Former South African mines minister says Eskom tried to influence him

By: Reuters     16th May 2017 Former South African mines minister Ngoako Ramatlhodi said on Tuesday, without giving evidence, that power utility Eskom's CEO and chairperson asked him in 2015 to suspend Glencore's mining licences to put pressure on the commodities firm to sell a coal mine. Khulani Qoma, a spokesperson for... 

South Africa to use procurement budget 'strategically' to transform economy – Gigaba

By: Reuters     16th May 2017 South Africa's Finance Minister Malusi Gigaba said on Monday the treasury would use its R500-billion ($40-billion) annual procurement budget to transform the economy and give more support to black-owned businesses. "The strategic use of state procurement is an important lever to grow black... 

Gigaba appoints acting DG as Fuzile departs

By: Terence Creamer     15th May 2017 Finance Minister Malusi Gigaba on Monday appointed Dondo Mogajane as acting director-general, effective May 16, after Lungisa Fuzile completed his notice period. Mogajane would act in the position “until the process of appointing a new director-general is completed”. 

ANC wants minister to reverse Eskom CEO decision – papers

By: Reuters     15th May 2017 The African National Congress (ANC) wants the public enterprises minister to reverse her decision to re-appoint Eskom chief executive Brian Molefe five months after he was implicated in a report into corruption allegations, two Sunday newspapers reported. Minister Lynne Brown has been summoned to... 

DoE won’t appeal nuclear ruling, but Kubayi leaves door open for new nuclear determination ahead of IRP update 

By: Terence Creamer     13th May 2017 Energy Minister Mmamoloko Kubayi announced on Saturday that government would not appeal the April 26 ruling of the Western Cape High Court, which declared the processes hitherto used to procure new nuclear capacity to be unconstitutional and illegal, along with three nuclear-related... 

Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe 

By: Terence Creamer     12th May 2017 Public Enterprises Minister Lynne Brown has defended her decision to accept the Eskom board’s much-criticised recommendation that Brian Molefe be reinstated as CEO and see out his five-year contract to 2020 on the basis that it offered “better value” than the alternative of paying him a... 

Digital broadcasting migration project, South Africa

By: Sheila Barradas     12th May 2017 South Africa could, once again, miss the new deadline of June 2018 for digital migration. 

PRASA New Rolling Stock Acquisition Programme, South Africa

By: Sheila Barradas     12th May 2017 The first trains built by Gibela have entered commercial service. 

Toxic combination

By: Terence Creamer     12th May 2017 Two core attributes of South Africa during apartheid were State illegitimacy and political and social and intolerance. To recall just how illegitimate the apartheid government was, it is worth revisiting the December 1973 resolution of the United Nations General Assembly, which reaffirmed that... 

Gigaba won’t change economic policy – Cabinet 

By: African News Agency      11th May 2017 Finance Minister Malusi Gigaba has no intention of changing South Africa’s economic policy – this is the message that will be conveyed to representatives of ratings agencies expected to visit the country over the next few months. Briefing journalists on Thursday following cabinet’s fortnightly... 

Gigaba tones down 'radical' talk amid investor unease

By: Reuters     11th May 2017 South Africa's finance minister has sought to allay investor fears over his pledge of "radical economic transformation", toning down the rhetoric just over a month into the job to talk more of "inclusive growth". Malusi Gigaba, appointed after President Jacob Zuma sacked his predecessor Pravin... 

Nersa may probe whether Eskom’s refusal to sign renewables PPAs contravened licence 

By: Terence Creamer     11th May 2017 The electricity subcommittee of the National Energy Regulator of South Africa (Nersa) will recommend that the Energy Regulator institute a formal investigation into a complaint that Eskom was flouting the conditions of its licence by refusing to conclude power purchase agreements (PPAs) for 37... 

HSF approaches Constitutional Court over reshuffle

By: African News Agency      10th May 2017 The Helen Suzman Foundation (HSF) has lodged an application seeking the Constitutional Court to have President Jacob Zuma’s firing of former Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas be declared invalid and set aside. The organisation said Zuma has established a pattern of... 

First trains built by Gibela enter commercial service

By: Anine Kilian     9th May 2017 President Jacob Zuma on Tuesday unveiled 13 new passenger trains to be operated by the Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail division. The X’Trapolis Mega trains were built by the Gibela Rail Transportation Consortium and form part of those to be delivered under a... 

Labour Minister to take hardline stance on noncompliance with EE Act 

By: Natasha Odendaal     9th May 2017 Labour Minister Mildred Oliphant on Tuesday slammed calls for the scrapping of employment equity (EE) and affirmative action policies, stating that the objectives of the policies have not yet been achieved and a harsher approach to noncompliance is on the cards. Highlighting the dismal outcomes... 

MPs grill Gigaba on radical economic transformation

By: News24Wire      9th May 2017 Finance Minister Malusi Gigaba on Tuesday said radical economic transformation should be neither feared nor suppressed, as South Africa has a legacy of left-behind people. “Whatever the name you call it – accelerated growth, radical economic transformation or inclusive growth, we want to address... 

DA submits Paia application for Zuma energy adviser’s R149m Eskom contract 

By: African News Agency      8th May 2017 The Democratic Alliance is submitting an application in terms of the Promotion of Access to Information Act (Paia) to gain access to tender documents which resulted in President Jacob Zuma’s energy adviser Silas Zimu receiving a R149-million contract from Eskom, the DA said on Sunday. The DA was... 

'I’m not chasing any job' – Gordhan after High Court ruling

By: News24Wire      5th May 2017 Former Finance Minister Pravin Gordhan would not return to his job, even if the courts found that President Jacob Zuma had erred by unceremoniously removing him and his deputy Mcebisi Jonas from their positions. “Let the courts do their job and let’s see what happens. It’s a legitimate legal... 

Downgrade dichotomy

By: Terence Creamer     5th May 2017 The dichotomy between the negative political and economic narrative in South Africa – precipitated by the March 30 Cabinet reshuffle and the subsequent ratings downgrades by S&P Global Ratings and Fitch Ratings– and the relatively sanguine response of currency, bond and equity markets has been... 

Radical economic transformation the path to inclusive growth, says Zuma 

By: African News Agency      4th May 2017 President Jacob Zuma said on Thursday that radical economic transformation would take South Africa, and the rest of the African economies, on the path to inclusive growth and a better life for all. “Moves are already underway to radically transform the African economy. Infrastructure development... 

Zuma must provide reasons behind Cabinet reshuffle, judge rules 

By: News24Wire      4th May 2017 Judge Bashir Vally has ruled that President Jacob Zuma must hand over all records explaining the reason why he reshuffled the Cabinet. Sitting in the North Gauteng High Court in Pretoria on Thursday, and after listening to arguments, Vally said he would give reasons for the ruling next Tuesday. 

Business seemingly weathering political storms – Sacci

By: Megan van Wyngaardt     4th May 2017 Although some subindices in the South Africa Chamber of Commerce and Industry’s (Sacci’s) April Business Confidence Index (BCI) instantly reacted to President Jacob Zuma’s recent Cabinet reshuffle, the index still improved by 1.1 index points to 94.9 in April from 93.8 in March. The BCI was also... 

Gigaba says return to investment grade rating possible 

By: Reuters     4th May 2017 South Africa can regain its investment-grade rating without compromising on promises to transform the economy for the benefit of its black majority, Finance Minister Malusi Gigaba said on Wednesday. Africa's most industrialised economy suffered two credit ratings downgrades to "junk" last month... 

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