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Lynne Brown resigns as ANC MP

By: News24Wire      1st March 2018 The African National Congress (ANC) announced on Thursday that former public enterprises minister Lynne Brown has resigned as a Member of Parliament for the party. Brown was removed from her position in Cabinet in President Cyril Ramaphosa's reshuffle on Monday night. 

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian  

By: News24Wire      23rd February 2018 The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

Ramaphosa must fire Brown 'immediately' – DA

By: News24Wire      23rd February 2018 The Democratic Alliance (DA) on Thursday said it was vindicated by the Public Protector's finding that Public Enterprises Minister Lynne Brown was guilty of misleading Parliament after she failed to disclose business dealings between Gupta-linked Trillian and Eskom. Natasha Mazzone, DA public... 

SAWEA welcomes govt’s commitment to renewables

By: Megan van Wyngaardt     22nd February 2018 The South African Wind Energy Association (SAWEA) on Thursday appealed to President Cyril Ramaphosa, as well as to the Finance, Energy and Public Enterprises Ministers to ensure the setting of a firm date for concluding power purchase agreements (PPAs) for duly procured renewable energy, by no... 

Transnet board cannot revoke its responsibility – Brown

By: Megan van Wyngaardt     20th February 2018 Public Enterprises Minister Lynne Brown on Tuesday instructed State-owned Transnet to report alleged irregularities identified in an investigative report by law firm Werksmans Attorneys on the R54-billion procurement of 1 064 locomotives in 2014 to law enforcement authorities. The parastatal last... 

Solidarity calls for suspension of Denel top brass following 'shocking financial mismanagement'

By: African News Agency      19th February 2018 Trade union Solidarity has asked Public Enterprises Minister Lynne Brown to urgently suspend Denel's top officials to prevent hundreds of possible job losses. In the run-up to Denel’s board meeting on February 22, at which the group’s management would submit its proposed restructuring plan to the... 

Eskom given go ahead to sign stalled deals with renewables IPPs

By: Terence Creamer     2nd February 2018 Public Enterprises Minister Lynne Brown announced on Friday that Eskom’s application to purchase additional renewable energy from independent power producers (IPPs) had been approved, clearing the way for the signing of power purchase agreements (PPAs) for 27 wind and solar projects procured by... 

Brown says boards of State-owned enterprises must shape up 

By: African News Agency      30th January 2018 Embattled Public Enterprises Minister Lynne Brown on Tuesday told MPs she expected the boards of South Africa's corruption-stricken, cash-strapped parastatals to perform or be replaced. "The message to the boards of all SOCs is that they must shape up or ship out. If they are unable to instill... 

Molefe must pay back pension millions, court orders

By: News24Wire      25th January 2018 A court ordered Brian Molefe on Thursday to pay back all the pension pay-outs made to him. A full bench of judges found against Molefe and set aside the pension agreement. The former Eskom CEO was also ordered to pay costs. 

Former Eskom CFO Singh accused of lying and stonewalling at inquiry

By: African News Agency      24th January 2018 Former Eskom chief financial officer Anoj Singh was accused of lying about who paid for his travels to Dubai and ducking questions about suspect transactions he approved in his testimony before the parliamentary inquiry into the power utility on Tuesday. After more than four hours of questions... 

Brown hints Transnet board could be 'rotated'

By: African News Agency      23rd January 2018 Public Enterprises Minister Lynne Brown on Tuesday suggested board members of Transnet, South Africa's State-owned freight and logistics company, could be "rotated" should they not guard the integrity of the entity. Brown was speaking in a meeting of Parliament's standing committee on public... 

Suspended Eskom CFO resigns

By: African News Agency      23rd January 2018 Suspended Eskom chief financial officer (CFO), Anoj Singh, resigned on Monday, South Africa's power utility said. "Eskom has today [on Monday] received, through Mr Anoj Singh’s attorneys, a formal letter of resignation by Mr Singh from his position as the Chief Financial Officer, in line with the... 

Eskom board had to be fast tracked – Brown

By: News24Wire      22nd January 2018 The new Eskom board had to be fast tracked because the parastatal is in a precarious financial position, Minister of Public Enterprises Lynne Brown has said. “Fast-tracking the appointment of Eskom’s new Board was [necessitated] by the company’s precarious liquidity position and the previous... 

Signing of power purchase agreements with IPPs imminent – SAWEA

By: Megan van Wyngaardt     19th January 2018 The South African Wind Energy Association (SAWEA) expects the conclusion of 26 outstanding power purchase agreements (PPAs) with independent power producers (IPPs) to occur during the first quarter of this year. It said on Friday that the majority of the processes required to conclude the PPAs... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Business Leadership SA slams executives’ reinstatement at Eskom

By: African News Agency      5th January 2018 Business Leadership South Africa (BLSA) has slammed the reappointment of Matshela Koko and Prish Govender at power utility Eskom, saying this flew in the face of complying with the rule of law and undermined efforts to restore confidence in the economy. BLSA said it was shocked and dismayed that... 

Appointment of new Eskom CEO a priority - Minister Brown

By: African News Agency      15th December 2017 Public Enterprises minister Lynne Brown said on Friday that the process of appointing a new permanent group chief executive for power utility Eskom was "a priority" and that the finalization of the investigation into suspended executives was of "paramount importance". This comes as news... 

Khoza to continue as Eskom chair

By: Anine Kilian     8th December 2017 Zethembe Khoza will continue in his position as chairperson of State-owned power utility Eskom until the 2018 annual general meeting, according to Public Enterprises Minister Lynne Brown, who announced the State-owned power utility’s new board on Friday. The new board – comprising Khoza, Dr Pat... 

Brown to reveal new Eskom board late on Friday

By: News24Wire      8th December 2017 Public Enterprises Minister Lynne Brown will reveal Eskom's new board on Friday. Brown's spokesperson Colin Cruywagen said that the long-awaited announcement would be made by end of business on Friday. 

New Eskom board to be announced on Friday 

By: African News Agency      7th December 2017 The new board of South Africa's State-owned power utility Eskom will be announced on Friday, an official from the department of public enterprises said on Thursday. The names were discussed in Wednesday's cabinet meeting, but Public Enterprises Minister Lynne Brown's spokesperson Colin Cruywagen... 

Eskom administrator tells inquiry he insisted Brown be informed of Molefe's retirement package

By: African News Agency      5th December 2017 Eskom administrator Anton Minnaar on Tuesday told the parliamentary inquiry into Eskom that he insisted Public Enterprises Minister Lynne Brown be informed of the plans to grant former CEO Brian Molefe early retirement shortly after he left the company. "I knew there is risk in this whole thing,... 

Lynne Brown says she will not resign

By: African News Agency      30th November 2017 Public Enterprises Minister Lynne Brown on Thursday dismissed calls for her resignation, saying that South African State-owned companies were in a better position since she took over in 2014. Brown, who twice missed a session to answer questions in the National Assembly - once because she was... 

Molefe's R30m pension was unlawful, must pay back – DA

By: African News Agency      29th November 2017 South Africa's official opposition, the Democratic Alliance (DA) on Wednesday told the High Court in Pretoria that the R30.1-million pension granted to former Eskom CEO Brian Molefe was unlawful. "He told the whole nation and the minister [Public Enterprises ... Minister Lynne Brown] that he was... 

Support Ramaphosa and we will not see a downgrade – Gordhan

By: News24Wire      24th November 2017 Former Finance Minister Pravin Gordhan on Thursday endorsed Deputy President Cyril Ramaphosa, saying he should be given a chance to implement his "New Deal" proposal. "If we support Ramaphosa I can guarantee you we will not see a downgrade," said Gordhan. 

Ramaphosa urges law enforcement to probe State capture without delay

By: African News Agency      16th November 2017 Deputy President Cyril Ramaphosa on Thursday said South Africa's law enforcement agencies should waste no time in investigating mounting allegations of state capture at the country's parastatals. "The agencies need to pursue all these allegations with equal vigour... it is something the public as... 

Brown blocked Koko’s suspension, witness tells Eskom probe

By: African News Agency      14th November 2017 Public Enterprises Minister Lynne Brown took instructions from the Gupta brothers and ordered the Eskom board not to suspend Matshela Koko as CEO of the power utility, a witness on Tuesday told the parliamentary inquiry into the company. Khulani Qoma, the now suspended spokesperson for the Eskom... 

Eskom admits liquidity is ‘not at desired levels’

By: Terence Creamer     13th November 2017 State-owned electricity producer Eskom acknowledged on Monday that its liquidity levels were “not at the desired levels” and indicated that securing the balance of its funding requirement for the current financial year would depend on addressing pressing governance and leadership issues.... 

Deputy Minister says he did not attend ‘tea party’ with Gupta brother

By: African News Agency      9th November 2017 Deputy Public Enterprises Minister Ben Martins has rubbished claims by power utility Eskom’s suspended head of legal Suzanne Daniels that he had attended a meeting with Ajay Gupta, Duduzane Zuma and Salim Essa in Johannesburg in Melrose Arch this year. “As the head of Eskom’s legal department, Ms... 

Transnet, Wits launch support centre for local SMMEs

By: Anine Kilian     6th November 2017 In partnership with the University of the Witwatersrand (Wits), State-owned rail utility Transnet on Monday launched the R62-million Matlafatšo Centre, which aims to assist aspiring entrepreneurs and small, medium-sized and microenterprises (SMMEs) to explore and test their products before... 

Minister Lynne Brown urges SA cooperation in defence industry with Pakistan

By: African News Agency      3rd November 2017 Public enterprises minister Lynne Brown has on Thursday, urged the South African government to come up with a concrete plan to explore areas of cooperation in the defense industry with Pakistan. South African Defence Minister, Nosiviwe Mapisa-Nqakula, signed a Memorandum of Understanding (MoU) on... 

Brown appoints executives at Denel, Safcol and Alexkor

By: Creamer Media Reporter      26th October 2017 Public Enterprises Minister Lynne Brown has appointed Zwelakhe Ntshepe group CEO of Denel. He joined Denel 21 years ago and most recently served as acting group CEO. 

Evidence of blatant corruption at Eskom unpacked at Parliament’s inquiry into State capture

By: Kim Cloete     17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has kicked off its inquiry into alleged State capture with a report revealing “overwhelming evidence of grand corruption”, governance failure and a stream of irregularities at Eskom, South Africa’s largest State-owned entity. Research... 

Key witnesses in State capture inquiry will need to face the music, warns parliamentary committee chair

By: Kim Cloete     17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has started its keenly awaited inquiry into allegations of State capture, with a warning that key witnesses will not be allowed to shy away from appearing before Parliament. “We have a right to subpoena a witness if we think that witness has... 

DA to report minister Brown to public protector and ethics committee over Eskom contract

By: African News Agency      16th October 2017 The Democratic Alliance (DA) will ask Public Protector Busisiwe Mkhwebane to investigate Public Enterprises Minister Lynne Brown for any role she played in awarding lucrative oil contracts worth R1.2-million from Eskom “to her lover and close business associate” despite their lack of expertise in... 

Eskom facing threats on multiple fronts, Maritz acknowledges

By: Terence Creamer     12th October 2017 Eskom’s newest interim group CEO Sean Maritz has acknowledged that the utility is facing threats on multiple fronts in light of rapid changes to the global electricity landscape and the constrained outlook for domestic electricity sales. However, in a statement calling for “space and time to... 

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence 

By: African News Agency      9th October 2017 The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at State-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information... 

Brown has received report from Eskom on Trillian

By: African News Agency      4th October 2017 Public Enterprises Minister Lynne Brown on Wednesday told MPs she had received a report from Eskom about its dealings with Trillian and McKinsey which she demanded after it emerged that the power utility had lied to Parliament, but made plain that she will not act against the leadership of... 

McKinsey told Eskom of transparency risk at Trillian Capital

By: Bloomberg     3rd October 2017 Eskom Holdings continued to pay Trillian Capital Partners even after McKinsey & Co warned the South African State power company that it had concerns over transparency at the project development partner. Letters written in March 2016 by McKinsey to Eric Wood, the chief executive officer of... 

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