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Denel set on expanding business in Asia-Pacific region

By: Megan van Wyngaardt     Updated 3 hours ago State-owned Denel on Tuesday said it was dead set on expanding its business in the Asia-Pacific markets, despite an affidavit, lodged by former Treasury director-general Lungisa Fuzile, stating that its joint venture (JV) partner is a technically insolvent company. The aerospace and defence... 

Gordhan lays into Eskom board over Molefe

By: African News Agency      Updated 6 hours ago Former Finance Minister Pravin Gordhan on Tuesday called for the Eskom board to be fired and a full investigation into not only Brian Molefe’s return to the power utility, but his actions in his previous job at Transnet. Gordhan told Parliament’s portfolio committee on public enterprises, of... 

I was under the impression that Molefe had resigned, Brown reveals

     23rd May 2017 When Eskom’s Board approached me to inform me of its decision to bring Mr Molefe back, I said I would support it on the proviso that it was legal. I also made this point repeatedly when addressing media on the matter, though – curiously – none of them thought it worthy of reporting. 

Brown drops opposition to legal challenge to Molefe’s reappointment

By: African News Agency      23rd May 2017 Public Enterprises Minister Lynne Brown has withdrawn her opposition to the court application for the reappointment of Brian Molefe as CEO of Eskom be set aside. “I will abide by the decision of the court,” Brown told Parliament’s portfolio committee on public enterprises on Tuesday morning. 

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... 

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... 

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... 

Denel says it continues talks with National Treasury over Denel Asia JV

By: Megan van Wyngaardt     16th May 2017 State-owned aerospace and defence technology conglomerate Denel on Tuesday said it was in ongoing talks with Finance Minister Malusi Gigaba and Public Enterprises Minister Lynne Brown regarding its multibillion-rand joint venture (JV) deal with VR Laser Asia, which led to the creation of Denel... 

Molefe could 'obstruct' investigations – DA

By: News24Wire      16th May 2017 The reinstatement of Brian Molefe as Eskom CEO places him in a "position to frustrate or obstruct" any investigations against him, the Democratic Alliance (DA) says in court papers. The party on Monday brought an application in the High Court in Pretoria, asking it to rule Molefe's reinstatement... 

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... 

Outa outraged by Brian Molefe’s reinstatement at Eskom

By: African News Agency      12th May 2017 The Organisation Undoing Tax Abuse (Outa) on Friday expressed “extreme outrage and disappointment” over the Eskom board’s decision to reinstate former chief executive, Brian Molefe, in the position he recently resigned from. This comes after Business Report on Friday broke the news that Molefe,... 

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... 

Eskom board to report this week on probe into acting CEO 

By: African News Agency      11th May 2017 Public Enterprises Minister Lynne Brown on Wednesday said she was expecting the Eskom board to report back to her this week on a forensic investigation into the awarding of contracts worth around R1-billion to the stepdaughter of the utility’s acting chief executive Matshela Koko. “At the moment... 

Zuma to lead Team SA at WEF Africa in Durban 

By: African News Agency      28th April 2017 President Jacob Zuma will lead the South African delegation to the World Economic Forum in Africa, taking place in Durban next week, the Presidency confirmed on Friday. WEF Africa will be held at the Inkosi Albert Luthuli International Convention Centre from 3-5 May, under the theme “Achieving... 

Brown grants Eskom more time to reconsider Molefe’s pension payout

By: Anine Kilian     26th April 2017 Public Enterprises Minister Lynne Brown has granted Eskom’s board more time to resolve, through a mutually beneficial consultation process, issues around a pension payout to its former CEO Brian Molefe.   Brown on Sunday turned down the board’s proposal to award Molefe a R30-million pension... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

Recruitment process for new Eskom CEO to be concluded by end-May

By: Megan van Wyngaardt     19th April 2017 Public Enterprises Minister Lynne Brown expects the recruitment process for a new CEO at Eskom to be concluded by the end of May. Matshela Koko has been acting CEO since November 2016, when Brian Molefe resigned as CEO, following the release of a Public Protector report alleging his involvement... 

Gigaba slams Eskom’s ‘mistake’ of contradicting government policy on renewables 

By: Terence Creamer     19th April 2017 Finance Minister Malusi Gigaba says Eskom made a “mistake” by raising its corporate difficulties in relation to the signing of power purchase agreements (PPAs) with renewable-energy generators in a way that undermined the policy position of government on both the energy mix and the... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

AfriBusiness applies PAIA rule for Eskom, Optimum penalty clarification

By: Natasha Odendaal     12th April 2017 As media reports surface over a settlement agreement between State-owned Eskom and Optimum coal mine, business rights watchdog AfriBusiness is seeking more information on “what transpired” during the alleged payment of the fine by Tegeta Exploration & Resources. Leveraging the Promotion of Access... 

Solar body urges Energy Minister to provide revised PPA signing date 

By: Terence Creamer     11th April 2017 The South African Solar Photovoltaic Industry Association (Sapvia) expressed confidence on Tuesday that the latest delay in signing of power purchase agreements (PPAs) for 37 renewable-energy projects procured in 2015 would be “short-term” in nature. However, it urged newly appointed Energy... 

Brown supports secondment of Victor Xaba as SA Express acting CEO

By: Creamer Media Reporter      10th April 2017 Denel Aerostructures deputy CEO Victor Xaba has been seconded to serve as acting CEO of South African Express (SA Express), effective April 10. This follows after extensive consultations between the boards of Denel and SA Express, as well as the Department of Public Enterprises, and has the... 

Manufacturing Indaba enters its 4th year - aimed at growing South African manufacturers

     3rd April 2017 The rapid advancement of technology and processes in the manufacturing industry across the world has forced South Africa to consider changing current practices and mind sets in order to be able to compete internationally.  At this edition of the Manufacturing Indaba, to be hosted at Emperors... 

Gigaba in hot seat as new Finance Minister

By: News24Wire      31st March 2017 Former home affairs minister Malusi Gigaba has replaced Pravin Gordhan as the new Finance Minister of South Africa. Gigaba, born in 1971 in KwaZulu-Natal holds a bachelor-degree in Education and a Masters in Arts degree in Social Policy from the University of Durban Westville. 

Zuma’s night of the long knives

By: News24Wire      31st March 2017 President Jacob Zuma has fired Finance Minister Pravin Gordhan in his biggest Cabinet reshuffle yet since assuming office in 2009. In a brutal display of power, the president fired five ministers, including former tourism minister Derek Hanekom, who asked for Zuma to be recalled last year. 

Eskom to fast-track socioeconomic assessments for five coal stations facing closure 

By: Terence Creamer     30th March 2017 Public Enterprises Minister Lynne Brown has called on Eskom to urgently complete socioeconomic impact assessments for its coal-fired power stations in Mpumalanga, five of which having been earmarked for decommissioning over the coming five years, owing to flat demand and the introduction of new... 

NUM goes to war over proposed Eskom power station closures

By: Natasha Odendaal     29th March 2017 The National Union of Mineworkers (NUM) on Wednesday said it was planning mass protest action over State-owned power utility Eskom’s decision to mothball five power stations to make room for independent power producers (IPPs). In an effort to “save” Eskom from bankruptcy and privatisation, as... 

Zuma postpones Cabinet meeting

By: News24Wire      29th March 2017 President Jacob Zuma has postponed the start of Wednesday’s Cabinet meeting “to later this afternoon” to enable members to attend the funeral of struggle stalwart Ahmed Kathrada, the Presidency said. “President Jacob Zuma has again expressed deep sadness and extended his heartfelt condolences to... 

OPINION: Enabling renewable energy with flexibility

     23rd March 2017 In this thought leadership article, Wärtsilä's Wayne Glossop explores the issue of building flexibility into the South African power system as the penetration of renewable energy rises  

Soweto hearings on prepaid electricity begin

By: African News Agency      22nd March 2017 Petition hearings on Soweto prepaid electricity metering concerns get underway Wednesday morning at the St John’s Church, Jazzyville in Diepkloof extension 1, Parliament has announced. “The hearings will be held under the auspices of Parliament’s Committees on Public Enterprises and Cooperative... 

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens 

By: Terence Creamer     22nd March 2017 S&P Global Ratings has sustained a negative outlook on Eskom after affirming its 'BB-' sub-investment-grade rating this week, pointing to the State-owned electricity utility’s weakening liquidity position as a result of a “lower-than-expected” tariff increase for 2017/18. On February 23, the... 

Transnet mourns passing of board member

By: Megan van Wyngaardt     17th March 2017 Transnet chairperson Linda Mabaso on Friday said the passing of human rights lawyer and Transnet board member Peter Williams was a “double blow to our nation”, noting that he still had many years of wisdom and guidance to bestow upon the country. Williams, 49, passed away on Wednesday after... 

NUM up in arms over proposed closure of five Eskom power stations 

By: Megan van Wyngaardt     16th March 2017 The National Union of Mineworkers (NUM) on Thursday delivered memorandums at the Arnot, Komati and Duvha power stations, setting out their grievances over State-owned power provider Eskom’s decommissioning plan, which will see it close five power stations over five years, threatening 6 000 direct... 

Eskom initiates talks on triggering government support to cover IPP costs 

By: Terence Creamer     15th March 2017 Eskom has written to the signatories of the Government Support Framework Agreement (GSFA) – which guarantees support for the State-owned utility in meeting its obligation to buy electricity from renewable-energy independent power producers (IPPs) – to discuss a possible triggering of government... 

Brown calls for Eskom to bring Dentons report to Parliament 

By: African News Agency      8th March 2017 Eskom should be called before Parliament to brief MPs on the Dentons report, Public Enterprises Minister Lynne Brown said on Wednesday. “Eskom should come and run you through the report,” the minister told the portfolio committee on public enterprises after she was asked for her view on the... 

Deadlock broken between Eskom and IPPs, Joemat-Pettersson insists 

By: Terence Creamer     28th February 2017 Energy Minister Tina Joemat-Pettersson says the “deadlock has been broken” between Eskom and the renewable-energy independent power producers (IPPs), with the National Energy Regulator of South Africa (Nersa) confirming its willingness to consider an application from the State-owned utility... 

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