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State Companies News

Solidarity to take GEPF, PIC to task should they use State pensions to fund Eskom 

By: Marleny Arnoldi     12th February 2020 Solidarity has sent a letter of demand to the Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC), requesting that the trustees and boards of these institutions not accept any proposals related to providing financing to power utility Eskom. At a media briefing... 

Govt, SOEs urged to appreciate South Africa’s consulting engineers 

By: Simone Liedtke     12th February 2020 Closing the infrastructure gap in South Africa is closely linked to infrastructure development on the rest of the continent, as it is to the creation of value chains that can advance Africa’s industrialisation, ultimately contributing to greater job creation, says Nelson Mandela University (NMU)... 

Govt, SOEs urged to appreciate South Africa’s consulting engineers

No load-shedding planned for Wednesday, says Eskom

By: News24Wire      12th February 2020 Eskom has announced that load-shedding will not be implemented on Wednesday. "While the system remains vulnerable, several units have returned successfully and good progress has been made in replenishing emergency reserves," said the power utility in a power status update. It warned, however,... 

 No load-shedding planned for Wednesday, says Eskom

Business urges Ramaphosa to use SoNA to clear way for private energy generation ‘at scale’ 

By: Terence Creamer     11th February 2020 Organised business has urged President Cyril Ramaphosa to use his upcoming State of the Nation Address (SoNa) to announce that the regulations needed to enable “private sector energy generation at scale” will be put in place urgently by Mineral Resources and Energy Minister Gwede Mantashe so as... 

Business urges Ramaphosa to use SoNA to clear way for private energy generation ‘at scale’
President Cyril Ramaphosa will deliver his State of the Nation Address on Thursday evening

South Africa should brace for ‘toughest budget since 1994’, says PwC 

By: Simone Liedtke     11th February 2020 As the 2020 National Budget approaches, consumers should expect to tighten their belts further, particularly with continued fiscal drag set to blot the horizon amid a continuing economic slowdown, says multinational advisory firm PwC. Speaking at a pre-budget review on Tuesday, PwC lamented that... 

South Africa should brace for ‘toughest budget since 1994’, says PwC
Finance Minister Tito Mboweni

From business rescue to court action: Other unions react to Cosatu's plan to cut Eskom's debt  

By: News24Wire      11th February 2020 As talks continued this week around proposals first put forward by the Congress of South African Trade Unions to cut the debt of power utility Eskom, other labour organisations have reacted by proposing the State-owned entity be placed under business rescue, threatening court action, or saying... 

 From business rescue to court action: Other unions react to Cosatu's plan to cut Eskom's debt

Denel’s outlook upgraded by Fitch Ratings

By: Rebecca Campbell     11th February 2020 South Africa’s State-owned defence industrial group Denel on Tuesday welcomed the decision by Fitch Ratings to affirm its long- and short-term ratings for the group, and to upgrade its outlook. Fitch affirmed Denel’s national short-term rating at “B(zaf)” and its national long-term rating also at... 

Denel’s outlook upgraded by Fitch Ratings
Photo by Rebecca Campbell/Creamer Media
Denel’s flagship product: the Rooivalk combat helicopter

Unions file urgent court application to block job cuts at SAA 

By: News24Wire      11th February 2020 Trade unions the National Union of Metalworkers of South Africa and South African Cabin Crew Association have filed a joint urgent application in the Johannesburg Labour Court to stop the business rescue practitioners of South African Airways from taking any steps to cuts jobs until they have... 

Unions file urgent court application to block job cuts at SAA

No load-shedding reprieve for Tuesday afternoon – Eskom

By: News24Wire      11th February 2020 Eskom will continue to implement stage 1 rotational load-shedding until 6 am on Wednesday due to a shortage of capacity and the need to replenish its emergency reserves. This means power cuts will not be suspended between 4 pm and 6 pm on Tuesday during peak traffic. It said it would provide an... 

No load-shedding reprieve for Tuesday afternoon – Eskom

Eskom loses R69bn urgent-relief battle, but war continues   

By: Terence Creamer     10th February 2020 Judge Jody Kollapen on Monday turned down Eskom’s application for urgent relief in relation to the National Energy Regulator of South Africa’s controversial treatment, in its most recent tariff determination, of the R69-billion in government support announced in the 2019 Budget. Kollapen said the... 

Eskom loses R69bn urgent-relief battle, but war continues
CLICK ABOVE TO LISTEN: Engineering News Editor Terence Creamer speaks to CapeTalk's Refilwe Moloto about the legal showdown between Eskom and Nersa. Recorded: 11.02.2020

Commission asks tribunal to prosecute PRASA’s Autopax over abuse of dominance

By: Marleny Arnoldi     10th February 2020 The Competition Commission has referred the Passenger Rail Agency of South Africa (PRASA) and its bus transport subsidiary Autopax to the Competition Tribunal for prosecution for allegedly abusing its dominance. This follows an investigation by the commission into complaints by various... 

Cosatu’s Eskom plan doesn’t diminish State’s liability, BNP says

By: , Bloomberg     10th February 2020 A proposal by South Africa’s biggest labor-union federation to rescue debt-stricken Eskom Holdings with government workers’ pensions would amount to little more than a shifting of contingent liabilities, according to BNP Paribas South Africa. The Congress of South African Trade Unions’ proposal... 

Stage 1 load-shedding resumes

By: News24Wire      10th February 2020 Eskom resumed stage 1 load-shedding at 9am on Monday morning.  In a power update, the utility said the cuts are due to a shortage of capacity and the need to replenish emergency supplies. Eskom has not yet said whether cuts would continue for the remainder of the week. It will provide an update... 

 Stage 1 load-shedding resumes

Cosatu wants workers to have $6.9bn stake in Eskom

By: , Bloomberg     10th February 2020 The Congress of South African Trade Unions (Cosatu), the country’s biggest labor federation and a key ally of the ruling party, said it wants the R104-billion of Eskom Holdings’ debt held by the State pension fund manager to be converted into equity owned by workers. The proposal, made in an... 

SAA business rescue team defends plan to cut airline’s routes 

By: , Bloomberg     10th February 2020 Administrators for South Africa’s loss-making State airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labour unions. South African Airways (SAA) will halt service to nine international cities, including... 

SAA business rescue team defends plan to cut airline’s routes

Regional airline SA Express objects to business rescue ruling by court 

By: Rebecca Campbell     7th February 2020 State-owned regional airline SA Express has reacted strongly to the ruling by the Johannesburg High Court on Thursday that it be placed in business rescue. The airline stated in a press release on Friday that it was seeking further legal advice on the matter. The company headed its release “SA... 

Unions slam SAA route cancellations, warn of 'devastating' impact on jobs 

By: News24Wire      7th February 2020 Two key unions at flag carrier South African Airways have slammed plans by the airline's business rescue practitioners to cancel a number of routes to save costs. The National Union of Metalworkers of South Africa and the South African Cabin Crew Association said in a joint statement, "This will... 

 Unions slam SAA route cancellations, warn of 'devastating' impact on jobs

SAA hacks its route network to try and become viable again 

By: Rebecca Campbell     6th February 2020 The Business Rescue Practitioners (BRPs) for State-owned national flag carrier South African Airways (SAA) announced major changes to the airline’s route network on Thursday. “In line with SAA’s commitment to conserve cash, and create a viable platform for a successful future, key measures need... 

SAA hacks its route network to try and become viable again

SAA to scrap all domestic routes apart from Joburg, Cape Town 

By: News24Wire      6th February 2020 South African Airways is cancelling all of its domestic routes apart from Johannesburg to Cape Town, the joint Business Rescue Practitioners of South African Airways announced on Thursday. The BRPs also announced that it is exploring the sale of some of the embattled airline's assets, and has... 

 SAA to scrap all domestic routes apart from Joburg, Cape Town

AMSA says regulatory changes could open way for 100 MW Vanderbijl solar farm 

By: Terence Creamer     6th February 2020 Steel producer ArcelorMittal South Africa (AMSA) believes there is potential to develop a 75 MW to 100 MW solar photovoltaic (PV) power plant adjacent to its Vanderbijlpark mill, in Gauteng. The JSE-listed company is also convinced that such a project could proceed relatively quickly should South... 

AMSA says regulatory changes could open way for 100 MW Vanderbijl solar farm
Photo by Creamer Media's Donna Slater
AMSA CEO Kobus Verster

Denel reports it has almost finished closing its aerostructures division 

By: Rebecca Campbell     6th February 2020 Denel reported on Thursday that the closing down of “the greater part” of its aerostructures business had reached “an advanced stage”. It gave the assurance that it had taken “major steps” to minimise job losses within the group. The business was being closed because it was not sustainable for... 

Denel reports it has almost finished closing its aerostructures division
Photo by Duane Daws/Creamer Media
Denel Aerostructures workers assembling a fuselage top shell for an Airbus A400M military airlift aircraft, back in 2013

SA Express must go into business rescue, court rules

By: News24Wire      6th February 2020 The department of public enterprises has confirmed a court ruling that SA Express must be placed into business rescue.  Earlier in January, transport and logistics company Ziegler filed an urgent court application to place SA Express under business rescue, in an effort to recover around... 

 SA Express must go into business rescue, court rules

Load-shedding to continue until Friday, with high chance of weekend cuts

By: News24Wire      6th February 2020 Eskom says stage 2 rotational load-shedding will continue until Friday, with a "high probability of cuts" over the weekend.  The cuts are due to a shortage of capacity and a higher demand for electricity. The utility said it would not be able to suspend cuts for morning or afternoon peak traffic.... 

 Load-shedding to continue until Friday, with high chance of weekend cuts

Transnet plans to boost the volume of coal transported by rail to Eskom 

By: Kim Cloete     6th February 2020 State-owned Transnet says it is planning to ramp up the amount of coal it transports by rail to power utility Eskom's power stations to 32.5-million tonnes over the next five years, starting with a small increase over the next year. Chief customer officer Mike Fanucchi on Wednesday said Transnet... 

Transnet plans to boost the volume of coal transported by rail to Eskom

Consensus is being reached over Eskom debt, Cosatu says

By: , Bloomberg     6th February 2020 The Congress of South African Trade Unions (Cosatu), the country’s biggest labour federation, said significant progress was made on Wednesday in its talks with government and business over its proposed plan to cut Eskom Holdings' debt. “There were broad in-principle agreements” said Matthew... 

Transnet’s new head promises an open door and action

By: Kim Cloete     5th February 2020 State-owned Transnet’s newly appointed CE Portia Derby has pledged to partner with the mining industry in an open and transparent way in a bid to boost the utility and ultimately help grow the economy. “We want to be a cool, easy company to deal with. We don’t want to make it difficult for you to... 

Transnet’s new head promises an open door and action

SA’s electricity situation 

5th February 2020 Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about power utility Eskom’s maintenance plans and how this is likely to affect load-shedding for the next 18 months, Eskom’s application to Nersa to recover R27-billion in additional funding from consumers and... 

SA’s electricity situation
SA’s electricity situation

Scopa seeks to have former PRASA board members declared ‘delinquent’ 

By: Simone Liedtke     5th February 2020 The Standing Committee on Public Accounts (Scopa) has committed to table a resolution with the National Assembly asking that Parliament declare the former interim board members and previous board members of the Passenger Rail Agency of South Africa (PRASA) as delinquent directors to prevent their... 

Ramaphosa amenable to Eskom debt proposal 

By: Reuters     5th February 2020 President Cyril Ramaphosa is "favourably disposed" to a proposal by the country's largest trade union federation to lower the debt of struggling state power utility Eskom, his spokeswoman said on Wednesday. Union federation Cosatu proposed at a meeting with Ramaphosa and business leaders on... 

Eskom to implement Stage 2 load-shedding continuously 

By: African News Agency      5th February 2020 Eskom said on Wednesday morning it would implement Stage 2 load-shedding continuously until Thursday morning as electricity capacity constraints did not allow it to give clients respite during morning and afternoon peak traffic periods. "Stage 2 rotational load-shedding is currently in effect... 

Eskom to implement Stage 2 load-shedding continuously

Trillian: Eskom's attempt to liquidate firm are 'frivolous and vexatious'

By: News24Wire      5th February 2020 Trillian Management Consulting and its sole director, Eric Wood, say Eskom's efforts to liquidate the firm to recoup nearly R600-million are "frivolous", "vexatious", and not urgent, in light of the company's financial woes and a pending appeal. Wood will on Wednesday argue that Eskom cannot ask... 

 Trillian: Eskom's attempt to liquidate firm are 'frivolous and vexatious'

Turkey's Karpowership looks to plug South African power gap 

By: Reuters     4th February 2020 Turkey's Karpowership, one of the world's largest powership firms, has submitted a plan to South Africa to provide "several" ships capable of plugging a severe power shortage in the country, a senior company official said on Tuesday. South Africa's State-owned power utility Eskom has regularly... 

Development Bank says R3.5bn SAA loan may have saved airline from liquidation 

By: News24Wire      4th February 2020 The Development Bank of Southern Africa says it’s R3.5-billion loan to South African Airways was necessary to ensure that the business rescue of the national carrier continues and to avoid the airline's liquidation. The bank's leadership is briefing Parliament's oversight committee on finance.... 

 Development Bank says R3.5bn SAA loan may have saved airline from liquidation

Eskom confirms Stage 2 load-shedding will continue until Thursday 

By: African News Agency      4th February 2020 Eskom confirmed on Tuesday that it would continue with Stage 2 load-shedding until Thursday morning. The embattled power utility, which has a total generating capacity of 46 000 megawatt, said unexpected outages cost it 11 389 megawatt on Tuesday morning. Stage 2 load-shedding allows Eskom to... 

Eskom confirms Stage 2 load-shedding will continue until Thursday

Eskom warns of upcoming daytime power cuts to municipality

By: News24Wire      4th February 2020 Eskom has warned that it will disconnect power to customers in the Northern Cape's Khâi-Ma Local Municipality next week due to a breach of payment conditions. The municipality includes the town of Pofadder. 

Eskom warns of upcoming daytime power cuts to municipality

Eskom defends request for R27bn tariff increase from regulator 

By: African News Agency      4th February 2020 South Africa's cash-strapped power utility Eskom has defended its request for an additional R27-billion in tariffs, saying it needs to recover prudently-incurred costs for the 2018/2019 financial year. Last year Eskom said Nersa's decision to award the utility lower tariff increases than it had... 

Eskom defends request for R27bn tariff increase from regulator

Solar power overwhelming choice of self-generating mines – Minerals Council

By: Martin Creamer     3rd February 2020 The new potential self-generation electricity projects being proposed by Minerals Council South Africa members are overwhelmingly solar power projects, along with some solar-diesel hybrid power projects for overnight operations, and “a little bit” of baseload coal. “The vast majority are... 

Solar power overwhelming choice of self-generating mines – Minerals Council
Photo by Creamer Media's Donna Slater
Minerals Council CEO Roger Baxter
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