http://www.engineeringnews.co.za
R/€ = 15.62 Change: -0.28
R/$ = 13.93 Change: -0.24
Au 1323.70 $/oz Change: 2.62
Pt 1027.50 $/oz Change: 5.50
 

Topic

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

Brown: Unless economy in hands of majority, it's going nowhere

By: News24Wire      28th September 2016 The economy must be controlled by the black majority, said Public Enterprises Minister Lynne Brown. Brown spoke to media briefly following a closed meeting with the Black Business Council (BBC) in Sandton on Tuesday. 

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... 

In need of decisive leadership

By: Terence Creamer     9th September 2016 Given the fast-moving nature of developments surrounding State-owned electricity producer Eskom, it is quite possible that there may well have been new developments in the ongoing saga between the utility and independent power producers (IPPs) since the time of writing. Nevertheless, Eskom's... 

Medupi Unit 5 synchronised to South African grid

By: Terence Creamer     8th September 2016 Public Enterprises Minister Lynne Brown confirmed on Thursday that the second 800 MW unit at the Medupi coal-fired power station project, in Limpopo, had been synchronised to the grid. She said in a statement that Unit 5 – one of six being built as part of the 4 800 MW project – would become... 

Capital follows certainty, Cennergi warns amid IPP flux 

By: Terence Creamer     8th September 2016 South African independent power producer (IPP) Cennergi, which is a joint venture between Exxaro and Tata Power, warns of possible investor “flight” unless the prevailing uncertainty surrounding the future of IPPs in South Africa is urgently resolved. Speaking to Engineering News Online ahead of... 

Meeting between Brown, Old Mutual and Futuregrowth postponed to Sept 13

By: Creamer Media Reporter      8th September 2016 The Department of Public Enterprises reported on Thursday that a meeting between Minister Lynne Brown and the CEOs of Old Mutual and Futuregrowth Asset Management, which had been scheduled for September 8, had been postponed until September 13. Brown, who is Shareholder Minister for Eskom and... 

Brown to meet Futuregrowth, Old Mutual after ‘unfortunate’ funding suspension

By: Terence Creamer     6th September 2016 Public Enterprises Minister Lynne Brown, who is Shareholder Minister for Eskom and Transnet, will meet with the CEOs of Old Mutual and Futuregrowth Asset Management on September 8, following Futuregrowth’s suspension of financing to six State-owned Companies (SoCs), owing to governance concerns.... 

South African parastatals credible, reliable borrowers, says Brown

By: African News Agency      2nd September 2016 Public Enterprises Minister Lynne Brown on Thursday moved to assure investors that South Africa’s parastatals were on solid footing as she responded to news that a second money manager would suspend lending to the country’s state-owned companies. “I want to assure all lenders and investors that... 

Open letter to DA leader

By: Terry Mackenzie-hoy     2nd September 2016 Dear Mmusi Maimane When Creamer Media publishing editor Martin Creamer and I agreed that I would write this column, he said the column must not be smutty and it is not recommended that I write about politics. 

Editorial: Decisive leadership needed to address IPP impasse and industry structure 

By: Terence Creamer     1st September 2016 Eskom's hostility towards independent power producers (IPPs) can no longer be disputed, or ignored. The antagonism has also brought to the fore the oft-repeated warning about the genuine risk associated with the current structure of the industry, where IPPs are beholden to a dominant competitor... 

Amid worries over IPP-programme credibility, Eskom says issues being resolved

By: Terence Creamer     31st August 2016 A South African solar industry body has warned that the credibility of the country’s much-vaunted Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is being threatened by ongoing delays to the programme, as well as uncertainty over Eskom’s willingness to conclude power... 

Brown tells Eskom to release coal contracts report

By: Reuters     30th August 2016 Public Enterprises Minister Lynne Brown said on Tuesday she had asked State-owned power utility Eskom to immediately provide a report required by the Treasury, which is investigating the utility's coal contracts. Brown said she was concerned a public row between the Treasury and Eskom could lead... 

Eskom’s IPP pushback continues despite Cabinet endorsement 

By: Terence Creamer     30th August 2016 Despite Cabinet having insisted at its recent lekgotla that South Africa has no intention of “changing course midstream” in its support of the independent power producer (IPP) programme and notwithstanding that all determinations are in terms of official Ministerial determinations, State-owned... 

Bombardier opens new propulsion equipment production site in Isando 

By: Megan van Wyngaardt     25th August 2016 Rail technology provider Bombardier Transportation on Thursday inaugurated a new 6 000 m2 production site and headquarters in Isando. The facility will produce Bombardier Mitrac high-power propulsion equipment for use in the Transnet locomotives project, for which Bombardier is delivering 240... 

Govt sheds light on Zuma's role as head of SOCs

By: News24Wire      24th August 2016 The government clarified President Jacob Zuma’s role in the leadership of state owned companies (SOCs) on Tuesday, amid allegations of state capture where the Guptas use their friendship with Zuma as a way of winning contracts in the critical sector. The Guptas have been central figures in the... 

Eskom under fire as Ingula costs said to balloon to R36bn 

By: News24Wire      22nd August 2016 Eskom’s board is facing calls to appear before Parliament with documents relating to the Ingula pumped storage scheme, which has allegedly seen costs spiral from R8.9-billion to R36-billion. On July 27, President Jacob Zuma unveiled the first of four turbines at Ingula, which is on the border of... 

New unit to be set up to oversee rail local-content push

By: Terence Creamer     22nd August 2016 The Department of Public Enterprises and National Treasury will consolidate procurement for locomotives into a single institution, under Transnet, to ensure “efficiency and compliance with the localisation requirements”. The decision to set up the unit was made at the recent Cabinet lekgotla,... 

UNTU calls for railways police to be re-established 

By: African News Agency      1st August 2016 The United National Transport Union (UNTU) on Sunday urged the South African Police Service (SAPS) to re-establish the railway police. If the SAPS was serious about fighting the drastic increase in violent crime at railway stations across the country, it would re-establish the railway police as... 

$150m Brics bank facility seen helping ease South Africa’s grid bottlenecks

By: Terence Creamer     19th July 2016 State-owned electricity producer Eskom expects to finalise commercial terms with the New Development Bank (NDB), of the Brics grouping, for a $150-million facility in the next quarter, CFO Anoj Singh reports. A term sheet has been signed with the NDB and Singh reports that, once consummated, the... 

Denel denies Gupta capture 

By: African News Agency      15th July 2016 State-owned defence conglomerate Denel on Thursday sought to refute allegations that it had been co-opted by the Gupta family to give a R1-billion contract to VR Laser instead of LMT Holdings, which has cried foul and turned to the high court. "Denel wish to respond to the adverse reporting which... 

Future of Shosholoza Meyl

     14th July 2016 The Passenger Rail Agency of SA (Prasa) knew how costly the long distance Shosholoza Meyl service were and that it needed funding when it was moved from Transnet to the railway operator in 2005. “Up to now Government has repeatedly stated that it will ensure that there is sufficient funding for... 

Big ‘focus’ on ensuring rail OEMs meet local-content commitments 

By: Terence Creamer     24th June 2016 A senior Department of Trade and Industry (DTI) official “promised” on Friday that the department was giving focused attention to ensuring that the local-content targets associated with Transnet’s R50-billion locomotive procurement programme were met. Chief director for industrial procurement Dr... 

Next week’s Manufacturing Indaba to host minister, VIPs and international manufacturing experts

     20th June 2016 Manufacturing stakeholders are keen to keep the momentum going in their manufacturing operations, which make up South Africa’s fourth-biggest economic sector. Manufacturing saw a recent recovery despite weak demand. Manufacturing business confidence rose five index points to 23 in the second... 

Manufacturing Indaba continues to deliver despite economic climate

By: Nadine James     17th June 2016 The Manufacturing Indaba, which takes place on June 28 and 29 at Emperors Palace in Ekurhuleni, Gauteng, has shown consistent growth over the past three years in terms of attendance and scope, despite tough economic conditions, says Manufacturing Indaba MD Liz Hart. Even with companies scaling... 

Eskom outlines its position on coal contract to Gupta-linked firm 

By: Creamer Media Reporter      12th June 2016 In a seeming effort to preempt a City Press report raising questions about the award, by State-owned electricity utility Eskom, of a multimullion-rand coal contract to the Gupta-family-linked Tegeta Exploration and Resources, in which President Jacob Zuma’s son, Duduzane, is a shareholder, Eskom... 

Eskom unveils new nuclear operator training programme with formal launch

By: Keith Campbell     9th June 2016 National electricity utility Eskom has announced that it started training some 100 recruits as nuclear operators on May 1. This Nuclear Project 100 initiative was formally launched on Thursday by Public Enterprises Minister Lynne Brown. The training is taking place at the Koeberg nuclear power... 

SA Manufacturing Needs To Empower Small Businesses

     3rd June 2016 Small to medium and micro enterprises (SMMEs) are the engine of economic growth and are essential for competitive and efficient economic growth. Research has shown that SMMEs are critical for poverty reduction and can play a particularly important role in developing countries. SMMEs are the... 

Eskom to waive Soweto users’ debt, on condition 

By: News24Wire      25th May 2016 Eskom will waive Soweto residents’ debt repayments as an incentive to convert to prepaid meters, it was revealed  in a written reply in Parliament by the Department of Public Enterprises (DPE) on Wednesday. The DPE was responding to a question by Democratic Alliance MP Natasha Mazzone, who asked... 

DTI moving to iron out local-content frustrations around Transnet contracts

By: Terence Creamer     24th May 2016 The Department of Trade and Industry (DTI) has confirmed that it is “concerned” about whether all four of the original equipment manufacturers (OEMs) that have been awarded parts of a R50-billion contract to supply 1 064 electricity and diesel locomotives to Transnet will meet the minimum... 

South East Asia venture 'part and parcel' of Denel’s growth strategy

By: Samantha Herbst     11th May 2016 Continuing to defend its joint venture (JV) with steel manufacturing group VR Laser Services to establish Denel Asia, State-owned defence industrial group Denel told the Portfolio Committee on Public Enterprises in Parliament on Wednesday that its decision to extend its business footprint in... 

Denel’s Venture In South East Asia Forms Part Of Global Growth Strategy

     11th May 2016 Denel is increasingly looking at export sales including in the rapidly-expanding Asia-Pacific region -- in terms of its mandate to create a financially self-sustainable defence business, Mr Odwa Mhlwana, acting Group Chief Financial Officer, told the Portfolio Committee on Public Enterprises in... 

Denel tells Gordhan: We are not arrogant and belligerent 

By: News24Wire      5th May 2016 Denel’s board said Finance Minister Pravin Gordhan’s accusation that the board and executives are “arrogant and belligerent … are unsubstantiated, baseless and unfounded”. Gordhan made the accusation during his Treasury budget debate in Parliament on Wednesday. This follows a statement in April,... 

Eskom claims ‘steady’ recovery in energy availability factor 

By: Terence Creamer     4th May 2016 State-owned electricity utility Eskom this week claimed that there had been a steady improvement in the energy availability factor (EAF) at its power stations, reporting “preliminary figures” indicating an EAF of 76.37% from the start of its financial year to May 3, 2016. The group’s financial... 

Lynne Brown: SOEs must stay in government hands 

By: News24Wire      26th April 2016 Government needs to retain its ownership of state-owned companies to ensure economic growth and create employment for generations to come, said Public Enterprises Minister Lynne Brown. In her budget speech for the 2016-17 financial year, Brown emphasised that South Africa’s parastatals, worth... 

Brown grilled over Gupta links 

By: News24Wire      26th April 2016 Opposition parties on Tuesday laid into Public Enterprises Minister Lynne Brown for allowing the controversial Gupta family to infiltrate South Africa’s State-owned companies. In her budget speech for the 2016-17 financial year, Brown said the government needs to retain its ownership of... 

Brown wants high cost of coal to Eskom investigated 

By: Terence Creamer     26th April 2016 Public Enterprises Minister Lynne Brown argued in Parliament on Tuesday that, as a 60% offtaker of coal in South Africa, Eskom should be in a position to command better coal prices and lamented the fact that the State-owned utility’s coal costs were rising at levels above inflation. “I am well... 

Denel Asia's problems mount

By: News24Wire      26th April 2016 Denel Asia's problems mounted on Monday after it emerged that it had not applied for a permit to the National Conventional Arms Control Committee (NCACC), Minister in the Presidency Jeff Radebe said "The NCACC would appreciate any evidence or information relating to such an application as this... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close