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State Companies News

Legal threats set to stymie South African unions’ Eskom plan

By: Bloomberg     10th March 2020 A plan proposed by South Africa’s biggest labor group to get pension funds and state lenders to refinance part of the state power utility’s gargantuan debt faces hurdles that may be impossible to overcome. Under the Congress of South African Trade Unions’ so-called social compact, Eskom Holdings... 

Cape Town cuts water to PRASA, electricity to follow

By: African News Agency      10th March 2020 The Cape Town municipality has cut water supply to the Passenger Rail Agency of South Africa (PRASA) and will do the same with electricity supply to the troubled entity on Tuesday, deputy mayor Ian Neilson said on Monday. The disconnection comes after PRASA missed a deadline of Friday imposed by... 

SAA begins retrenchment process

By: African News Agency      10th March 2020 South African Airways (SAA) has issued notice to all 4 700 of its employees that it intends to begin consultations on retrenchments, the business rescue practitioners (BRPs) for the troubled national carrier said on Monday. "The joint BRPs today announced that SAA has issued a notice advising its... 

SAA begins retrenchment process

Sars doing its bit to protect taxpayers, staff from Covid-19 infection

By: Marleny Arnoldi     9th March 2020 The South African Revenue Service (Sars) says it has taken several precautionary measures to reduce the risk of Covid-19 infecting its staff at points of entry in the country, as well as employees at Sars branches countrywide. Sars Commissioner Edward Kieswetter explains that its tax, customers... 

Sars doing its bit to protect taxpayers, staff from Covid-19 infection

Parliamentarians pleased with anti-Covid-19 measures at Acsa airports

By: Rebecca Campbell     9th March 2020 The Parliamentary Portfolio Committee on Health has commended the procedures that have been adopted by Airports Company South Africa (Acsa) at OR Tambo International Airport (east of Johannesburg) to respond to Covid-19, the novel coronavirus disease which has rapidly spread around the world, and... 

Parliamentarians pleased with anti-Covid-19 measures at Acsa airports
Photo by Duane Daws/Creamer Media
An airline takes off from OR Tambo International Airport

Eskom to implement stage 1 load shedding from 9am on Monday 

By: African News Agency      9th March 2020 Eskom will implement stage 1 load shedding from 9am on Monday morning to 11pm on Monday night, the state-owned power utility said. "It is envisaged that load shedding may continue to be implemented until Thursday," Eskom said in a statement on Sunday night. This was due to a number of units still... 

 Eskom to implement stage 1 load shedding from 9am on Monday

Public Enterprises unhappy with business rescue process for SA Express airline

By: Rebecca Campbell     6th March 2020 The Department of Public Enterprises (DPE) issued a statement on Friday expressing its concern about the direction that the business rescue process for State-owned regional airline SA Express was taking. “[T]he Business Rescue Practitioners [BRPs] are planning to ‘ground’ the airline without... 

Public Enterprises unhappy with business rescue process for SA Express airline
Photo by SA Express
A Bombardier CRJ-700 of SA Express

No load-shedding expected on Friday, says Eskom

By: News24Wire      6th March 2020 No load-shedding was expected on Friday and over the weekend, Eskom said. "Even though the generation system remains constrained, Eskom does not expect to implement load-shedding this weekend although unplanned breakdowns remain above the 10 500 MW mark," the State-owned power utility said via a... 

 No load-shedding expected on Friday, says Eskom

South African rail manufacturing sector needs to reinvent itself

By: Mc'Kyla Nortje     6th March 2020 Despite South Africa’s having a strong presence on the railway scene – claiming almost 30% of the continent’s kilometres and more than 60% of its rail freight – the country’s rail manufacturing sector has not leveraged this position to lead in the manufacturing of rolling stock on the continent,... 

South African rail manufacturing sector needs to reinvent itself
Photo by Creamer Media
CONTINENTAL BENEFITS Through the AfCFTA, the benefits for South Africa and its African peers will be easier distribution, new export markets and new business opportunities

Localisation to boost industries

By: Cameron Mackay     6th March 2020 Government’s intention to increase demand for locally manufactured content to at least 60% across industries will have a positive impact on the local casting, forging and machining sector, says nonprofit entity the Casting, Forging and Machining Cluster (CFMC) of South Africa project leader Steve... 

Localisation to boost industries
CLUSTER COLLABORATION The CFMC is a development purposed vehicle which will enable companies to work together to achieve what could not be achieved individually

4IR, rail projects can grow local foundries industry

By: Cameron Mackay     6th March 2020 The local foundries, forges and casting industry can benefit from following the global trend of metal casting companies implementing Fourth Industrial Revolution (4IR) technologies. An abundance of infrastructure projects, such as rail projects from State-owned rail utility Transnet, has the... 

4IR, rail projects  can grow local  foundries industry
GLEN DIKGALE There are opportunities for the local foundry industry. Government is increasingly talking about sourcing equipment locally, so we need to comply with requirements

Nersa’s concurrence on Ministerial determinations 

5th March 2020 Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the process Nersa is likely to follow before giving its concurrence to two Ministerial determinations recently drafted by Minister Gwede Mantashe and how this is likely to impact on the timelines for securing... 

Nersa’s concurrence on Ministerial determinations
Nersa’s concurrence on Ministerial determinations (Camera & editing: Nicholas Boyd)

Massive R1.4bn boost to get Cape Town central line back on track

By: News24Wire      5th March 2020 The Department of Transport budgeted a massive amount of money to get the problematic Cape Town Central train line back on track. Transport Minister Fikile Mbalula on Thursday said there would be a phased re-introduction of the train service for the central line which served commuters in... 

BBC has role to play in tackling South Africa’s economic crisis  

By: Tasneem Bulbulia     4th March 2020 While the country is in an economic crisis, having just entered a technical recession and grappling with no economic growth, this presents an opportunity for the Black Business Council (BBC) and its members to find ways to help overcome the challenges, president Sandile Zungu said on Wednesday.... 

BBC has role to play in tackling South Africa’s economic crisis
Photo by Creamer Media
BBC president Sandile Zungu

Cosatu urges private pension use to help to save Eskom 

By: Bloomberg     3rd March 2020 South Africa’s biggest labour federation said private pensions must be used alongside those of government workers as part of a plan to rescue the state power company from crippling debt and spur economic growth. The Congress of South African Trade Unions (Cosatu) advocated the use of so-called... 

PIC terminates employment of listed equities head

3rd March 2020 The Public Investment Corporation (PIC) has terminated the employment contract of its executive head of listed investments, Fidelis Madavo.  Madavo was suspended by the PIC board in January 2019 on the basis of a preliminary report into the PIC’s investment in listed technology company Ayo... 

South Africa's rand retreats on fear of economy slipping into recession

By: Reuters     3rd March 2020 South Africa's rand weakened early on Tuesday, giving back most of its gains from the previous session, ahead of the release of domestic data that is expected to show the economy had slipped into a recession. At 0630 GMT the rand was 0.75% weaker at 15.500 per dollar, retreating from a... 

South Africa's rand retreats on fear of economy slipping into recession

Medupi's killer fumes: The story of a power station's missing air scrubbers 

By: News24Wire      3rd March 2020 Eskom's megapower station Medupi is suffocating South Africa in more ways than one: It is not just a financial black hole; it is also a health and environmental catastrophe. And the installation of crucial technology to make it less poisonous has once again been delayed. For years, Eskom has... 

Medupi's killer fumes: The story of a power station's missing air scrubbers

No loadshedding expected on Tuesday, but possibility has increased

By: African News Agency      3rd March 2020 Loadshedding was not expected on Tuesday, but the possibility of rotational blackouts had increased due to a high number unplanned outages, Eskom said on Monday night.   "We are utilising emergency generation reserves to supplement supply. The generation system remains constrained, vulnerable and... 

 No loadshedding expected on Tuesday, but possibility has increased

TPT invests R2bn to replace ageing equipment 

2nd March 2020 In response to industry calls for equipment that will improve performance across its operations, Transnet Port Terminals (TPT) has invested R2-billion to replace aging equipment this calendar year.   This includes two mobile harbour cranes for the Port Elizabeth Container Terminal, which will... 

Likelihood of load-shedding grows as more generation units trip

By: News24Wire      2nd March 2020 Eskom says that while it still does not expect to implement rotational load-shedding on Monday, the likelihood of power cuts has increased. "Overnight some generation units tripped unexpectedly, further reducing available capacity. We are utilising more emergency generation reserves than... 

 Likelihood of load-shedding grows as more generation units trip

Not all is lost for the construction industry, says AfriSam 

By: Simone Liedtke     28th February 2020 The 2020 Budget, as outlined by Finance Minister Tito Mboweni earlier this week, “didn’t give much hope to the construction industry”, construction materials company AfriSam sales and marketing executive Richard Tomes told Engineering News on Friday. Growth in this sector was expected to remain... 

Not all is lost for the construction industry, says AfriSam
AfriSam sales and marketing executive Richard Tomes speaks to Engineering News about the 2020 Budget and how it could influence the future of the country's infrastructure and construction sectors, and the businesses - like AfriSam - that operate within this space. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Publication of SAA business rescue plan extended until end March 

By: News24Wire      28th February 2020 The business rescue practitioners of South African Airways have been granted a one-month extension to publish their plan to save the embattled flag carrier from liquidation.  The airline was placed under business rescue in December and earlier in the month announced the cancellation of all its... 

 Publication of SAA business rescue plan extended until end March

SAA rescuers get extra month to make plan

By: Bloomberg     28th February 2020 Administrators for South Africa’s loss-making State airline South African Airways (SAA) have been given an extra month to complete a turnaround plan. The so-called business rescue practitioners can now file their report on SAA by the end of March, they said in a statement on Friday. A majority of... 

SAA rescuers get extra month to make plan

No load-shedding expected on Friday, says Eskom

By: Reuters     28th February 2020 Load-shedding was not expected on Friday, Eskom has said. The power utility said it was using emergency reserves to supplement generation capacity during peak demand. "We remind customers that as the generation system remains constrained, vulnerable and unpredictable, load-shedding could be... 

No load-shedding expected on Friday, says Eskom

Does nuclear have a future in South Africa?

By: Rebecca Campbell     28th February 2020 Will South Africa ever build a new nuclear power plant (NPP)? Well, and I hope the revelation doesn’t ruin the dramatic flow of my narrative, I haven’t a clue. I don’t think anyone does. There is a lot of opposition to any such idea. Or, rather, there is a lot of opposition to the idea among... 

Market feels project pinch

By: Mamaili Mamaila     28th February 2020 The lack of significant public infrastructure spend to boost steel consumption and construction activity are some of the challenges that the local steel tube market has to deal with, says steel industry association the Association of Steel Pipe Manufacturers (ASTPM). 

Market feels project pinch
KEITUMETSE MOUMAKOE The influx of cheap small-bore steel tube imports has not aided the industry

Stainless steel growth unlikely in 2020

By: Mamaili Mamaila     28th February 2020 The level of activity in the local stainless steel sector’s value chain has dwindled in the past decade, mainly owing to international competition, low steel prices and the slow growth of the local economy. 

Stainless steel growth unlikely in 2020
FULL OF VIGOR Stainless steel is one of the youngest industrial materials globally, managing to positively change people’s lives

Local steel industry still holds much potential 

By: Mamaili Mamaila     28th February 2020 The current capacity and capabilities of the local steel industry are still largely understated, says export trade promotion agency the International Steel Fabricators (ISF). 

Local steel industry  still holds much potential
International Steel Fabricators CEO Neels van Niekerk discusses the South African steel sector. Camerawork: Creamer Media’s Nicholas Boyd. Editing: Creamer Media’s Nicholas Boyd. Recorded: 30.01.2020

Volatile steel prices to continue in 2020

By: Mamaili Mamaila     28th February 2020 The volatile prices of domestic steel producers and domestic steel merchants are likely to continue in 2020, says national employer federation Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade. 

Volatile steel prices  to continue in 2020
MICHAEL ADE 2020 is still going to be a difficult year for the metals and engineering sector, with ongoing pressure on margins

Gordhan: SAA business rescue practitioners have final say on airline's restructure

By: News24Wire      27th February 2020 South African Airways business rescue practitioners have the final say on a plan to restructure the embattled airline and government will respect that authority, Public Enterprises Minister Pravin Gordhan has said.  Gordhan was speaking at News24's Frontline post-Budget panel discussion on... 

Gordhan: SAA business rescue practitioners have final say on airline's restructure
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

Cities to receive grant funding in efforts to boost infrastructure development

By: Simone Liedtke     26th February 2020 Cities will receive grant funding through the integrated city development grant to institutionalise an effective system for preparing programmes and projects. This is in an effort to continue expanding the tools available for South African provinces and municipalities to improve spending, after... 

Cities to receive grant funding in efforts to boost infrastructure development

Contingent liabilities set to rise to R980bn

By: Simone Liedtke     26th February 2020 Contingent liabilities, which are mainly guarantees to State-owned companies (SOCs) are projected to reach R979.9-billion on March 31, 2020. According to Finance Minister Tito Mboweni, who tabled the 2020 National Budget, in Parliament, on Wednesday, government’s “long record of prudent debt... 

Two trade unions demand that SAA business rescue respects workers’ rights

By: Rebecca Campbell     25th February 2020 Two trade unions – the National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca) – have jointly accused the Business Rescue Practitioners (BRPs) currently overseeing the business rescue process for State-owned South African Airways (SAA) of... 

No power cuts planned for Tuesday after generation units return to service

By: News24Wire      25th February 2020 Eskom says it does not expect to have to implement power cuts on Tuesday after additional generation units returned to service overnight. The utility, in a morning power alert, said that the generation system had held up well since Sunday with emergency reserves at adequate levels. Eskom has... 

 No power cuts planned for Tuesday after generation units return to service

Cosatu’s plan on Eskom is immoral – Cape Chamber of Commerce

By: Sane Dhlamini     24th February 2020 The Cape Chamber of Commerce and Industry labelled the Congress of South African Trade Unions’ plan to save ailing power utility Eskom using Government Employees Pension Fund funds as immoral. Cosatu recently suggested saving Eskom by using R250-billion from the Public Investment Corporation,... 

Cosatu’s plan on Eskom is immoral – Cape Chamber of Commerce
Photo by Supplied by Cape Chamber
President of the Cape Chamber of Commerce and Industry, Geoff Jacobs

Mboweni’s budget unlikely to stop South Africa’s march to junk

By: Bloomberg     24th February 2020 Finance Minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt. Of 19 economists surveyed by Bloomberg this month, 14 expect Moody’s to downgrade the country to junk this year and nine of those say it’ll... 

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