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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... 

NEW FRAMEWORK

     9th February 2018 Straight-shooting businessperson Jabu Mabuza intends bringing a back-to-basics ethos to Eskom that he arguably learned while operating in South Africa’s hyper-competitive taxi market. Speaking at the embattled group’s delayed interim results presentation last week, Mabuza suggested that he had... 

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... 

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... 

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... 

Editorial: Eskom requires surgery not a Band-Aid

By: Terence Creamer     18th January 2018 Eskom’s debt refinancing is undoubtedly a critical burning platform. The clock is most definitely ticking and the consequences of not closing the immediate financial chasm will be dire not only for the utility, but also for citizens. That said, government is extremely unlikely to allow Eskom to... 

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... 

Gigaba backs lower tariff hike, says Eskom a drain on fiscus

By: News24Wire      18th December 2017 Finance Minister Malusi Gigaba said on Saturday that he supports the National Energy Regulator of South Africa (Nersa’s) decision not to grant the nearly 20% tariff increase Eskom had applied for as the current state of the economy wouldn’t have been able to support this. Nersa on Friday, granted... 

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... 

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... 

Comments on the Latest Development Regarding the Integrated Resource Plan and Nuclear Procurement Programme in the Department of Energy

     30th November 2017 South African Academy of Engineering   The South African Academy of Engineering (SAAE) is a voluntary organisation comprising fellows elected by their peers on account of their eminence as engineers with proven records of significant contributions towards the engineering profession in South... 

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... 

Eskom’s business model is ‘no longer fit for purpose’ 

By: Terence Creamer     17th November 2017 Organised business made an impassioned plea this week for government to urgently review Eskom’s business model, which it said was “no longer fit for purpose”. In a presentation to the National Energy Regulator of South Africa, business also warned that, in the absence of a holistic view within... 

DÉJÀ VU

     17th November 2017 Finance Minister Malusi Gigaba addressing staff at Airways Park, alongside the OR Tambo International Airport, last week. Reporting back after the first meeting of the new South African Airways board, Gigaba (who made a similar input to staff during his time as Public Enterprises Minister)... 

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... 

Saftu, Outa call for independent judicial inquiry at Sars

By: Sane Dhlamini     8th November 2017 The South African Federation of Trade Unions (Saftu) and the Organisation Undoing Tax Abuse (Outa) on Wednesday called for Finance Minister Malusi Gigaba to appoint an independent judicial inquiry into tax administration and governance at the South African Revenue Service (Sars). This follows... 

Eskom an enormous risk indeed

By: Terence Creamer     3rd November 2017 While there are very few positives to draw from Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS), his acknowledgement that Eskom poses an “enormous risk” to the entire economy is one. “Eskom exposes government to an enormous risk because of the size of its... 

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. 

COMMENT: Eskom is indeed an ‘enormous risk’ 

By: Terence Creamer     26th October 2017 While there are very few positives to draw from Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS), his acknowledgement that Eskom poses an “enormous risk” to the entire economy is one. “Eskom exposes government to an enormous risk because of the size of its... 

Various State assets being identified for disposal as Gigaba drops deficit and debt bombshells 

By: Terence Creamer     25th October 2017 Finance Minister Malusi Gigaba confirmed the worst in his maiden Medium-Term Budget Policy Statement (MTBPS), revealing serious fiscal slippages amid bail-outs of State-owned companies (SOCs), a worryingly sharp deterioration in revenue collections, a material downward revision to the country’s... 

Molefe’s pension trial date set for three days

By: News24Wire      24th October 2017 Former Eskom CEO Brian Molefe’s court date has been set to be heard in Pretoria’s North Gauteng High Court for three days at the end of November. That is according to the Department of Public Enterprises spokesperson Colin Cruywagen on Tuesday. 

Parly committee rejects BLF’s demand that it stop Eskom inquiry

By: African News Agency      20th October 2017 Parliament’s portfolio committee on Public Enterprises on Friday rebuffed a demand from Black First Land First (BLF) to stop its inquiry into Eskom, which the group termed a witchhunt against the Gupta family. Committee chairperson Zukiswa Rantho asked MPs how she should respond to the missive,... 

‘Absolutely no need' for nuclear, Dames says in State-capture testimony

By: Kim Cloete     18th October 2017 Former Eskom CEO Brian Dames has revealed that he faced a breakdown in communication between the board and management, as well as death threats during his time at the state utility.  He has also told Parliament’s Portfolio Committee on Public Enterprises that there is "absolutely no need" for... 

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... 

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