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State Companies News

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... 

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

Eskom and Nersa resume normal hostilities as RCA hearings begin 

By: Terence Creamer     3rd February 2020 Outside of the courts, Eskom and the National Energy Regulator of South Africa (Nersa) have resumed normal hostilities on their more customary playing field of public hearings, with initial oral representations heard on Monday into the State-owned utility’s latest Regulatory Clearing Account... 

Eskom and Nersa resume normal hostilities as RCA hearings begin
Photo by Creamer Media
Nersa kicked off public hearings into Eskom's RCA applicaiton for 2019 in Cape Town on Monday

Eskom to halt power cuts between 4pm and 6pm to ease traffic congestion

By: News24Wire      3rd February 2020 Eskom says it will suspend rotational load-shedding between 4pm and 6pm on Monday to "help ease traffic congestion". Power cuts will then resume at 6pm and continue until 6am on Tuesday. "Suspending load-shedding during the peak traffic hours is a pilot programme aimed at achieving an appropriate... 

Eskom to halt power cuts between 4pm and 6pm to ease traffic congestion

State looking to create power generation entity 'outside of Eskom'  

By: News24Wire      3rd February 2020 Minister of Mineral Resources and Energy Gwede Mantashe told reporters on the sidelines of the Investing in African Mining Indaba in Cape Town that the government hoped to create a new power generation entity distinct from Eskom. Mantashe told reporters during a briefing after his address that he... 

State looking to create power generation entity 'outside of Eskom'
Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

Transnet appoints Portia Derby as new Group CEO

By: African News Agency      1st February 2020 Portia Derby has been appointed group chief executive of Transnet, the department of public enterprises said on Friday night.  The appointment was made following "an extensive and rigorous search", the department said via an emailed statement. 

Kendal given another two months to comply with air-pollution standards

By: Terence Creamer     31st January 2020 State-owned power utility Eskom reported on Friday that it had received a letter from Environment, Forestry and Fisheries Minister Barbara Creecy granting its emissions-breaching Kendal power station another two months to comply with the country’s minimum emission standards (MES). Kendal has been... 

Kendal given another two months to comply with air-pollution standards

Boost coal export efficiency as competition ramps up, says Seriti 

By: Kim Cloete     31st January 2020 South African coal producers will need to boost efficiency as competition intensifies in coal export markets, says Mike Teke, CEO of black-owned and controlled coal mining company, Seriti Resources. As many Western countries shift their focus towards renewable and alternative energies, countries... 

Boost coal export efficiency as competition ramps up, says Seriti
Photo by Creamer Media
Seriti Resources CEO Mike Teke

Ramaphosa authorises probe of SAA Airbus deal  

By: News24Wire      31st January 2020 President Cyril Ramaphosa has authorised two new probes into the affairs of South African Airways and National Treasury, and expanded the scope of an existing investigation into cash-strapped State power utility Eskom. The three separate proclamations were published in the government gazette on... 

 Ramaphosa authorises probe of SAA Airbus deal
President Cyril Ramaphosa

Eskom’s transition to ‘philosophy maintenance’ will increase load-shedding risk for at least 18 months  

By: Terence Creamer     31st January 2020 The board at State-owned electricity utility Eskom has sanctioned a proposal to migrate the group’s unreliable coal fleet to a ‘philosophy maintenance’ model, whereby generation units are serviced in strict adherence with prescribed maintenance schedules in a bid to break the cycle of unplanned... 

Eskom’s transition to ‘philosophy maintenance’ will increase load-shedding risk for at least 18 months
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Eskom seeks commercialisation offers for PBMR technologies and assets

By: Rebecca Campbell     31st January 2020 Eskom has issued a request for an Expression of Interest (EOI) regarding the “commercialisation of Pebble Bed Modular Reactor SOC [State-Owned Company] Ltd (PBMR), design, development, manufacturing, and construction of [a] Small Modular Reactor and supply of TRISO [Tristructural Isotropic]... 

Eskom CEO says boards of separate divisions may be finalised next week

By: News24Wire      31st January 2020 Eskom's new CEO, Andre de Ruyter, says the power utility is in the process of appointing boards for its generation, transmission and distribution divisions, giving effect to President Cyril Ramaphosa's directive that the utility must develop a new business model to become sustainable.  The plan... 

 Eskom CEO says boards of separate divisions may be finalised next week
Photo by Creamer Media
Eskom CEO Andre de Ruyter

Load-shedding set to resume at 9am, continue over weekend

By: News24Wire      31st January 2020 Eskom says stage 2 load-shedding will resume at 9am and continue over the weekend until 6am on Monday.  This comes after the power utility implemented power cuts from 9pm on Thursday until 6am on Friday due to a constrained power system and the depletion of emergency diesel and water reserves.   

 Load-shedding set to resume at 9am, continue over weekend

Wescoal to break ground at Moabsvelden in February

By: Kim Cloete     30th January 2020 Coal miner Wescoal has announced it will break ground on its greenfield project, in Moabsvelden, Mpumalanga, in February. CEO Reginald Demana on Thursday said the mine would supply three-million tonnes a year of coal to Eskom’s Kusile power station. 

Wescoal to break ground at Moabsvelden in February
Wescoal CEO Reginald Demana

IMF says South Africa has no fiscal space, must push reforms

By: Bloomberg     30th January 2020 South Africa has no fiscal space left and must implement strong budget consolidation and state-owned company reforms to ensure its debt sustainability, the International Monetary Fund said. The October medium-term budget policy statement showed gross government debt would surge to 80.9% of gross... 

IMF says South Africa has no fiscal space, must push reforms

Eskom implements stage 2 load-shedding

By: News24Wire      30th January 2020 Eskom will implement stage 2 load-shedding from 21:00 on Thursday until 06:00 on Friday due to depleting emergency resources, the power utility said in a statement on Thursday afternoon.  "We have been using pumped storage schemes and open cycle gas turbines extensively over the past few days in... 

Eskom implements stage 2 load-shedding

SAA to cancel more flights as part of cost-cutting initiatives

By: Rebecca Campbell     30th January 2020 The Business Rescue Practitioners (BRPs) for State-owned airline South African Airways (SAA) are continuing their efforts to develop a business rescue plan for the company, while cutting its costs and achieving further operational efficiencies. The assurance was given in a media release issued on... 

SAA to cancel more flights as part of cost-cutting initiatives

SAA cancels dozens of local and international flights in cost-cutting drive 

By: News24Wire      30th January 2020 Embattled state airline South African Airways has cancelled dozen of local and international flights for February as it seeks to cut costs and conserve cash.  The announcement comes two days after the flag carrier's business rescue practitioners confirmed that the Development Bank of Southern... 

 SAA cancels dozens of local and international flights in cost-cutting drive

Eskom continues cutting power to non-paying users in Gauteng

By: News24Wire      30th January 2020 Power utility Eskom says it is continuing with a campaign it started late last year in Gauteng to cut off power to users that have failed to pay or rigged illegal connections. "If you want to avoid being disconnected, come forward. Even if you have rigged your meter, you can come forward, collect... 

Eskom continues cutting power to non-paying users in Gauteng

Long haul ahead for SAA after funding lifeline

By: Bloomberg     30th January 2020 South African Airways (SAA) finally secured the funding it needs to keep flying for at least a few more months, yet there’s still a long way to go before the state carrier can claim to be stable. The loss-making airline was put into a local form of bankruptcy protection late last year and its... 

Cosatu wants infrastructure funded by pensions

By: Bloomberg     30th January 2020 The Congress of South African Trade Unions (Cosatu), a key ruling party ally, is pushing senior members of government to consider its proposals to rescue the State’s indebted power utility before next month’s budget. In addition to suggestions it made in a November document that civil servants’... 

Eskom warns of risk of load-shedding on Thursday evening

By: News24Wire      30th January 2020 Eskom has warned of a heightened risk of load-shedding on Thursday evening.  In a power update, the utility said that while it has sufficient generating capacity for the day, it may need to institute rotational power cuts in the evening to let it replenish its emergency water and diesel reserves.  

 Eskom warns of risk of load-shedding on Thursday evening

SA Express hopes to receive money owed by troubled carrier SAA

By: African News Agency      29th January 2020 State-owned airline SA Express Airways said on Wednesday it was hoping cash-strapped national carrier South African Airways would prioritise paying money it owes the former. On Tuesday SAA’s business rescue practitioners said the airline would receive R3.5 billion of emergency funding from the... 

 SA Express hopes to receive money owed by troubled carrier SAA

SA Express demands revenues held by SAA

By: Rebecca Campbell     29th January 2020 South African State-owned regional airline SA Express on Wednesday charged State-owned national flag carrier South African Airways (SAA) with unlawfully retaining monies that belong to the regional operator. “Now that SAA has received funds, the regional airline trusts that finally paying these... 

SA Express demands revenues held by SAA
Photo by SA Express
A Bombardier CRJ700 regional jet airliner of SA Express

SAA gets R3.5bn in emergency funding from DBSA 

By: Reuters     28th January 2020 Cash-strapped state carrier South African Airways (SAA) will receive R3.5-billion of emergency funding from the government-owned Development Bank of Southern Africa, the airline's business rescue practitioners said on Tuesday. SAA is fighting for its survival after it entered a form of bankruptcy... 

SAA gets R3.5bn in emergency funding from DBSA

Unplanned Eskom breakdowns are still high – so where's all the load-shedding?

By: News24Wire      28th January 2020 In late October last year, Minister of Public Enterprises Pravin Gordhan published Eskom's long-awaited road map, a 66-page overview of how the state intends to start turning around the key power producer. Eskom said that keeping unplanned breakdowns below 9 500MW - about 20% of its total nominal... 

 Unplanned Eskom breakdowns are still high – so where's all the load-shedding?

High Court dismisses former SAA chair Dudu Myeni's latest appeal bid 

By: News24Wire      28th January 2020 The High Court in Pretoria has dismissed an application by former South African Airways chairperson Dudu Myeni for leave to appeal a December ruling stating that Organisation Undoing Tax Abuse has standing to bring a delinquency case against her.  The case to have Myeni declared a delinquent... 

High Court dismisses former SAA chair Dudu Myeni's latest appeal bid
Photo by Creamer Media
Former SAA chairperson Dudu Myeni

Low risk of load-shedding on Monday despite volatile grid – Eskom

By: News24Wire      27th January 2020 There is a low risk of load-shedding on Monday, Eskom has said, despite a volatile power system.  The utility, in a power update on Monday morning, said breakdowns at generating units stood at 13 392 MW at 07:30, about a quarter of its total nominal capacity and still far above its goal of 9... 

 Low risk of load-shedding on Monday despite volatile grid – Eskom

Eskom seeks contempt of court order against Trillian for its failure to pay the power utility – report 

By: African News Agency      27th January 2020 Eskom has gone to court to ask for a contempt of court order against State capture-linked Trillian Management Consulting, which has allegedly failed to pay back a cent of the money it owes the power utility, Daily Maverick reported. In June 2019, the Gauteng High Court in Pretoria ordered... 

Eskom seeks contempt of court order against Trillian for its failure to pay the power utility – report
Eskom CEO André de Ruyter

Mboweni: Investors at Davos most worried about Eskom, fiscal sustainability 

By: News24Wire      24th January 2020 Investors' key concerns about South Africa at the World Economic Forum in Davos, Switzerland were Eskom and fiscal sustainability, Finance Minister Tito Mboweni has said. Speaking at a press conference at the WEF, Mboweni said the South African delegation had nonetheless had "many fruitful... 

 Mboweni: Investors at Davos most worried about Eskom, fiscal sustainability
Photo by World Economic Forum/Greg Beadle
Finance Minister Tito Mboweni

Relief as SAA is able to pay workers their January salaries 

By: News24Wire      24th January 2020 Following concerns over whether South African Airways would have been able to pay employees' salaries this month, it has now been confirmed that the embattled State-owned airline has the money available to do so – at least for January. SAA informed employees on Friday that it will pay salaries on... 

 Relief as SAA is able to pay workers their January salaries

Pay or we switch off the lights, Eskom warns West Rand power suppliers

By: News24Wire      24th January 2020 Eskom has warned that it will disconnect supply to Westrand Power Distributors owing to unpaid bills amounting to over R18-million. The power disconnection would affect areas such as Krugersdorp, Roodepoort, Randfontein and Riverlea. Eskom senior manager for customer service, Daphne Mokwena,... 

 Pay or we switch off the lights, Eskom warns West Rand power suppliers
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