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State Companies News

South African Express says that it is turning itself around

By: Rebecca Campbell     14th June 2019 South African State-owned regional airline SA Express (SAX) affirmed on Friday that it was making substantial progress in its turnaround programme. It has also been taking action against employees found to have been engaged in wrongdoing. All those employees who have been charged with offences,... 

Unions agree to give SAA one week to deal with their demands on Jarana

By: African News Agency      14th June 2019 Workers unions at the South African Airways said on Friday the State-owned airline has requested one week to deal with their demands of reinstating Vuyani Jarana as group chief executive and a complete overhaul of the board. This as the National Union of Metalworkers of South Africa and the South... 

Unions agree to give SAA one week to deal with their demands on Jarana
Photo by Creamer Media
Former SAA CEO Vuyani Jarana

DTI forges ahead with product standardisation task

By: Mamaili Mamaila     14th June 2019 Following Mining Charter III’s call to the Department of Trade and Industry (DTI) to develop a “Standardised Coding and Product Identification System in the Mining Supply Chain” whereby products can be identified using a unique name and code, the department has established a multistakeholder... 

DTI forges ahead with product standardisation task
INDUSTRY GROWTH The DTI looks forward to exchanging lessons and experiences to unpack challenges and identify solutions for growth across the manufacturing sector

South Africans urged to remain mindful of the bigger picture amid economic downturn

By: Simone Liedtke     13th June 2019 Even though South Africa is considered “a country of deficits”, Efficient Group chief economist Dawie Roodt on Thursday encouraged South African businesses and private persons to continue monitoring the country’s economic situation. An economy, he said, was “a gradual process” and would not come... 

South Africans urged to remain mindful of the bigger picture amid economic downturn
Photo by Creamer Media's Dylan Slater
Efficient Group chief economist Dawie Roodt

Sakeliga to further investigate Eskom BEE matter

By: Marleny Arnoldi     13th June 2019 Business organisation Sakeliga has instructed its legal team to evaluate a recommendation by the Broad-Based Black Economic Empowerment (BBBEE) Commission that State-owned power utility Eskom cancel a R4-billion contract awarded to Dongfang Electric Corporation. The commission on Wednesday said... 

Necsa board states agency has dire finances 

By: Rebecca Campbell     13th June 2019 The South African Nuclear Energy Corporation (Necsa) issued on Thursday a curt response to the press release issued the day before by the National Education, Health and Allied Workers Union. In its statement, the union alleged that the Necsa board was proposing to retrench 400 employees and... 

Necsa board states agency has dire finances
Necsa logo

SAA, Eskom faced with leadership challenge 

13th June 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the leadership and financial challenges facing South African Airways and Eskom and what decisions will have to be made by government soon to assist these entities. 

SAA, Eskom faced with leadership challenge
SAA, Eskom faced with leadership challenge

Union attacks Necsa board, claiming retrenchments and privatisations planned

By: Rebecca Campbell     12th June 2019 The National Education, Health and Allied Workers Union (Nehawu) asserted on Wednesday that it had “reliably learnt” that the South African Nuclear Energy Corporation’s (Necsa’s) board was proposing to retrench 400 employees and perhaps sell public assets. These proposals were part of a... 

Union attacks Necsa board, claiming retrenchments and privatisations planned
Photo by Duane Daws/Creamer Media
An aerial view of Necsa’s Pelindaba complex, west of Pretoria/Tshwane

Commission finds Eskom failed to comply with BBBEE Act 

By: Simone Liedtke     12th June 2019 The Broad-Based Black Economic Empowerment (BBBEE) Commission has found that State-owned Eskom failed to comply with the BBBEE Act in awarding a tender for the Duvha power station to a Chinese-owned entity. The tender was awarded to Dongfang Electric Corporation, an entity with 0% black ownership... 

Unions demand reinstatement of former CEO of SAA and purge of its board

By: Rebecca Campbell     11th June 2019 The National Union of Metalworkers of South Africa and the South African Cabin Crew Association jointly presented a memorandum to beleaguered State-owned national flag carrier South African Airways (SAA) on Tuesday. The memorandum contained a number of demands. “Should our demands not be met, we... 

Unions demand reinstatement of former CEO of SAA and purge of its board

Numsa to picket at major airports on Tuesday over 'myriad' issues

By: African News Agency      11th June 2019 The National Union of Metalworkers of South Africa (NUMSA) said on Monday that it would be picketing with the South African Cabin Crew Association (SACCA) at all the country’s major airports on Tuesday.  The protests involved "myriad" issues at South African Airways (SAA) and SAA Technical, said... 

BLSA appalled by threats to SARB independence 

By: Thabi Madiba     10th June 2019 Business Leadership South Africa on Monday said it condemned what it called “deliberate attempts” to undermine the South African Reserve Bank’s legitimacy and called out the African National Congress for threatening to collapse the country’s economy. BLSA said in a statement that the ANC seemed... 

BLSA appalled by threats to SARB independence

SAA board says another shareholder injection needed to see through turnaround plan 

By: Terence Creamer     7th June 2019 The board at embattled national carrier South African Airways confirmed on Friday that further direct government support would be required to help it over overcome its current liquidity crisis, as well as to enable it to complete the implementation of its long-term turnaround strategy. At a... 

SAA board says another shareholder injection needed to see through turnaround plan
Photo by Reuters
Acting SAA CEO Zukisa Ramasia

SARB feud left 'deep tear' in SA's credibility, and rand will bear the brunt – analyst 

By: News24Wire      7th June 2019 President Cyril Ramaphosa should be very concerned that his own reassurances regarding the South African Reserve Bank mandate was met with apparent skepticism by the currency markets, political analyst Daniel Silke said on Friday. "What is really troubling for Ramaphosa today - other than the... 

 SARB feud left 'deep tear' in SA's credibility, and rand will bear the brunt – analyst

SAA announces new acting CEO 

By: News24Wire      7th June 2019 South African Airways announced on Friday that it has appointed Zuks Ramasia as its acting CEO while it looks for a permanent replacement. Ramasia was previously general manager: operations. A briefing was held to provide an update on the state of the national carrier following the resignation of... 

 SAA announces new acting CEO

CSIR's new strategy aims to tap into private-sector prospects

By: Rebecca Campbell     7th June 2019 Council for Scientific and Industrial Research (CSIR) CEO Dr Thulani Dlamini has announced both a new strategy and a radical restructuring of South Africa's world-renowned science council. The aim of the new strategy and structure was to strengthen the industrial research activities of the... 

Eskom may be ‘too big to support’, S&P warns  

By: Terence Creamer     6th June 2019 S&P Global Ratings has warned that, while South Africa’s State-owned electricity utility Eskom is currently considered too big to fail, it may well also be “too big to support”, owing to the costs associated with stabilising the group’s finances. Speaking during a webcast on Thursday, sovereign... 

Eskom may be ‘too big to support’, S&P warns

Ramaphosa meets State firm chiefs after resignations

By: Reuters     6th June 2019 President Cyril Ramaphosa held talks on Wednesday with executives of key state companies, including power utility Eskom and South African Airways, to discuss challenges they face, his office said. The meeting follows resignations of Eskom and SAA chief executives, moves that investors said could... 

Ramaphosa meets State firm chiefs after resignations
President Cyril Ramaphosa

Southern Palace-led consortium named preferred bidder for R2.5bn Tambo Springs container terminal 

By: Terence Creamer     5th June 2019 State-owned freight logistics utility Transnet has named a consortium led by black-empowerment group Southern Palace as the preferred bidder for a 20-year concession to build and operate a new R2.5-billion inland container terminal in southern Gauteng. The public­–private partnership, dubbed the... 

Southern Palace-led consortium named preferred bidder for R2.5bn Tambo Springs container terminal

Free Market Foundation seeks to ascertain financial condition of State-owned airlines

By: Rebecca Campbell     5th June 2019 The Free Market Foundation (FMF) announced on Wednesday that it is seeking information on the financial situations of both State-owned airlines, South African Airways (SAA) and SA Express (SAX), by means of Promotion of Access to Information Act applications. This follows the resignation of SAA... 

Free Market Foundation seeks to ascertain financial condition of State-owned airlines
Photo by Duane Daws/Creamer Media
An Airbus A330 of SAA

Unions threaten strike over SAA CEO's resignation

By: African News Agency      5th June 2019 The National Union of Metalworkers of South Africa and the South African Cabin Crew Association have said their members' jobs and the future of struggling national carrier SAA are at stake after the resignation of CEO Vuyani Jarana, threatening a possible strike if he is not reinstated. Jarana... 

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’  

By: Terence Creamer     4th June 2019 The African National Congress (ANC) has unveiled what it describes as a “re-imagined industrial strategy” as part of a broader five-year programme of action agreed at the party’s three-day lekgotla, which concluded in Gauteng on Tuesday. In a statement released following the gathering, the ANC... 

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’

TNPA adds new survey craft to its dredging services fleet

By: Simone Liedtke     4th June 2019 The Transnet National Ports Authority (TNPA) has taken delivery of a new survey craft, the SS Sonar. It is the latest acquisition by TNPA’s dredging services division as part of its ongoing fleet replacement programme. 

TNPA adds new survey craft to its dredging services fleet
The SS Sonar

Sars lifts tax return threshold from R350 000 to R500 000  

By: News24Wire      4th June 2019 The South African Revenue Service announced on Tuesday that it has lifted the tax return threshold from R350 000 to R500 000. This means that people who earn less than R500 000 per year, and meet certain other criteria, will not need to file tax returns, commissioner Edward Kieswetter said at a... 

Sars lifts tax return threshold from R350 000 to R500 000
Photo by Creamer Media's Dylan Slater
Sars Commissioner Edward Kieswetter

Departures at State firms could drag out Ramaphosa's reforms  

By: Reuters     4th June 2019 President Cyril Ramaphosa's mission to fix two of South Africa's most troubled state companies, power firm Eskom and South African Airways, could take longer than planned after their chief executives quit within a week of each other. Investors say the CEOs' resignations could slow the... 

Departures at State firms could drag out Ramaphosa's reforms
President Cyril Ramaphosa

Three things to learn from Jarana's exit as CEO of SAA 

By: Bloomberg     4th June 2019 South African Airways’ (SAA's) prospects of surviving in its current form took a hit over the weekend when news broke that CEO Vuyani Jarana quit over a lack of government support. The National Treasury isn’t committing to an agreement to put R21.7-billion toward the State-owned carrier’s 2021... 

Organisations call for strong leadership at SAA following CEO’s resignation  

By: Tasneem Bulbulia     3rd June 2019 The South African Airways Pilots Association (Saapa) has expressed concern about reports that outgoing South African Airways (SAA) CEO Vuyani Jarana’s turnaround plan had been “sabotaged internally and externally”. “In the end, the CEO was hobbled by inflexible and restrictive government policy,... 

Jarana’s resignation a sign SAA is almost irredeemable – Outa

By: News24Wire      3rd June 2019 The Organisation Undoing Tax Abuse has responded to South African Airways group CEO Vuyani Jarana’s resignation, saying it is a sign that the national carrier cannot be saved as long as it is wholly State-owned. SAA confirmed Jarana’s resignation on Sunday evening, adding that his four-page... 

 Jarana’s resignation a sign SAA is almost irredeemable – Outa
Photo by Creamer Media
SAA Group CEO Vuyani Jarana

Mbalula wants urgent probe into Pretoria Metrorail and Transnet tamping machine crash

By: African News Agency      3rd June 2019 Transport Minister Fikile Mbalula has instructed the Railway Safety Regulator (RSR) to prioritise its investigation into the crash involving a Transnet tamping machine carrying out railway track maintenance and a new Metrorail train at Eerste Fabrieke Station in Mamelodi in Pretoria, injuring at... 

SAA's Jarana quits over lack of State support

By: Bloomberg     3rd June 2019 South African Airways (SAA) CEO Vuyani Jarana quit the financially stricken State-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan. The former Vodacom Group executive was brought in about 18 months ago to lead a recovery at the airline,... 

SAA's Jarana quits over lack of State support
Photo by Reuters
Vuyani Jarana

IHHA conference to ‘better equip’ Transnet to take advantage of global knowledge, technology

By: Simone Liedtke     31st May 2019 As it keeps the Fourth Industrial Revolution (4IR) in mind, Transnet Freight Rail (TFR) is hopeful that the upcoming International Heavy Haul Association (IHHA) conference will provide the State-owned entity with an opportunity to not just showcase South African capabilities and potential to the... 

R1.25bn relocation costs for Transnet train tender 'unjustifiable', inquiry hears

By: News24Wire      31st May 2019 Two transportation companies contracted to build billions of rands' worth of locomotives for Transnet had "no justification" for hiking costs by R1.25-billion as a relocation fee, the State capture commission heard on Friday. The commission of inquiry has been investigating allegations of state... 

Rand Water to cut water supply to two municipalities over unsettled debt

By: News24Wire      31st May 2019 Two municipalities in Mpumalanga that breached their contracts to pay bills owing to Rand Water will have their water cut down to a trickle. This will be the second time in six months that residents of the Govan Mbeki municipality, which serves towns like Secunda, Bethal, Embalenhle and... 

Companies collaborate for maintenance work at petrochem provider

By: Mamaili Mamaila     31st May 2019 Industrial rope-access company Skyriders Access Specialists collaborated with engineering consultants SSA Acoustic and Specialised Inspections to conduct maintenance work at one of South Africa’s leading petrochemical manufacturers.  

Sector shows decline despite strong market growth

By: Mamaili Mamaila     31st May 2019 Although the local chemicals sector has recently been characterised by strong market growth, it has shown a consistently weak performance, with its contribution to total manufacturing output having declined significantly over the past ten years, says the Department of Trade and Industry (DTI)... 

Sector shows decline despite strong market growth
Photo by Bloomberg
RAW MATERIALS Domestic chemical firms face multiple challenges such as access to appropriately priced feedstock, as well as large volumes of raw chemical materials that continue to be imported and are subject to exchange rate fluctuations

TNPA obtains court interdict against planned Satawu strike

By: Simone Liedtke     30th May 2019 The Transnet National Ports Authority (TNPA) was, on Wednesday afternoon, granted a court interdict against a planned strike by mariners who are members of the South African Transport and Allied Workers Union (Satawu). Satawu on Tuesday announced that its members, including pilots who move the... 

Gordhan poised to return to Cabinet after Mkhwebane findings  

By: News24Wire      29th May 2019 Pravin Gordhan seems poised to resume his Cabinet position as public enterprises minister, after filing a review application in the Gauteng High Court in Pretoria on Tuesday seeking to set aside a report by the Public Protector which found he violated the Constitution. This, despite an onslaught... 

Gordhan poised to return to Cabinet after Mkhwebane findings
Public Enterprises Minister Pravin Gordhan
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