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State Companies News

SAA pilots union: Key issue is not cuts to salaries, perks - it's who will be rehired and why  

By: News24Wire      18th December 2020 The South African Airways Pilots Association (SAAPA) has hit back at claims by the Department of Public Enterprises (DPE) that a regulating agreement dating back to 1988 - which covers the cost structure for the airline's pilots - is too expensive to allow the restructured flag carrier to get off... 

DPE says pilot deal is too expensive and makes new SAA unattractive for investors  

By: News24Wire      17th December 2020 In order for a restructured South African Airways (SAA) to get off the ground, it is critical to reduce what it regards as the too high current cost structure relating to pilots in terms of a regulating agreement dating from 1988, the Department of Public Enterprises (DPE) said in a statement on... 

DPE says pilot deal is too expensive and makes new SAA unattractive for investors

Eskom’s bailout emerging as equity swap by biggest bondholder 

By: Bloomberg     17th December 2020 South Africa’s biggest pot of available cash – R1.91-trillion of civil-servant pensions and unemployment funds managed by the Public Investment Corporation (PIC) – is emerging as the key to rescuing the debt-stricken national power monopoly. The money manager has approached its parent agency, the... 

Eskom’s bailout emerging as equity swap by biggest bondholder

Zuma files challenge against Zondo 

By: Reuters     16th December 2020 Former President Jacob Zuma on Tuesday filed a legal challenge against the judge who refused to recuse himself from an inquiry into State corruption, his lawyer confirmed. "The review challenge was filed today," Eric Mabuza, Zuma's attorney, said in an emailed reply to Reuters. The country's... 

Jacob Zuma chats with a member of his legal team ahead of the commission of inquiry probing State capture, in Johannesburg, in November.
Jacob Zuma chats with a member of his legal team ahead of the commission of inquiry probing State capture, in Johannesburg, in November.

Eskom outlines streamlined restructuring model to deliver independent grid company by end-2021  

By: Terence Creamer     14th December 2020 Eskom CEO Andre de Ruyter outlined a streamlined approach on Monday to the vertical separation of the State-owned utility into three businesses of generation, distribution and transmission, which he said could accelerate the process of establishing an Eskom-owned independent transmission system... 

Eskom CEO Andre de Ruyter
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Hunt on for ‘tens of billions’ more, as ABB agrees to repay R1.56bn to settle corrupt Kusile contract

By: Terence Creamer     11th December 2020 Eskom and the Special Investigating Unit (SIU) announced on Friday that an agreement had been reached with ABB South Africa in terms of which the multinational technology group would repay R1.56-billion to the State-owned utility to settle an overpayment dispute relating to a corrupt Kusile... 

Hunt on for ‘tens of billions’ more, as ABB agrees to repay R1.56bn to settle corrupt Kusile contract

Numsa blasts DPE, SAA, over 'misleading' workers, warns against 'unlawful' actions

By: Rebecca Campbell     11th December 2020 The National Union of Metalworkers of South Africa (Numsa) has attacked the Department of Public Enterprises (DPE) concerning its behaviour regarding maintenance and repair organisation South African Airways Technical (SAAT), a subsidiary of the State-owned national airline South African Airways... 

South Africa’s renewables plan presents ‘remarkable’ industrialisation opportunity 

By: Terence Creamer     11th December 2020 The roll-out of renewable energy at the scale envisaged in South Africa’s official electricity plan to 2030 presents a “remarkable” industrialisation opportunity, the leader of the South African Renewable Energy Masterplan (SAREM) project team, Francis Jackson, argues. Jackson, who is also a... 

Completed tower sections manufactured by DCD Wind Towers, which subsequently closed down as a result of a protracted Eskom-induced procurement hiatus
Completed tower sections manufactured by DCD Wind Towers, which subsequently closed down as a result of a protracted Eskom-induced procurement hiatus

REIPPPP requires more traction to address challenges

By: Mamaili Mamaila     11th December 2020 The Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) continues to take years to move through the various phases – from initiating tenders to delivering energy to the end-user – which, considering the challenges that South Africa is facing, is a luxury the country cannot... 

PROCUREMENT ROAD MAP
The Department of Mineral Resources and Energy will seek to procure 6 800 MW of solar photovoltaic and wind renewable energy from 2022 to 2024
PROCUREMENT ROAD MAP The Department of Mineral Resources and Energy will seek to procure 6 800 MW of solar photovoltaic and wind renewable energy from 2022 to 2024

Wind association lauds S Africa govt’s policy progress

11th December 2020 The South African Wind Energy Association (Sawea) has applauded the South African government for the progress made in policy over the last 12 months, beginning with the gazetting of the Integrated Resource Plan 2019 (IRP 2019) and all the hard work done, despite the Covid-19 pandemic, to ensure... 

KANGAS WIND FARM 
The first bid window four wind farm, in the Northern Cape, to come on stream as part of government’s Renewable Energy Independent Power Producer Procurement Programme
KANGAS WIND FARM The first bid window four wind farm, in the Northern Cape, to come on stream as part of government’s Renewable Energy Independent Power Producer Procurement Programme

South Africa’s biggest power shift in over a generation holds big promise, and some risk

By: Terence Creamer     11th December 2020 Next year, 2021, is poised to be a pivotal one for South Africa’s renewable-energy sector – for real this time! The industry will have an opportunity, finally, to participate in the fifth bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the bid... 

South Africa’s biggest power shift in over a generation holds big promise, and some risk

Transnet says McKinsey owes it R1.2bn 

By: Marleny Arnoldi     10th December 2020 State-owned freight utility Transnet has confirmed that no final settlement has been reached with US-based consultancy McKinsey, but says the consultancy owes it more than R1.2-billion. Transnet and McKinsey had discussions up until December 9, with the main point of dispute being the repayment... 

DPE appoints six nonexecutive directors to SAA interim board 

By: Simone Liedtke     9th December 2020 The Department of Public Enterprises (DPE) has appointed six nonexecutive directors to the interim board of South African Airways (SAA). Geoff Qhena will be the board’s interim chairperson, and will be joined by Peter Tshisevhe, June Crawford, Bembe Zwane, Professor Edna van Harte and Nick Fadugba. 

SA needs structural reforms to bolster business confidence  

By: News24Wire      9th December 2020 Business confidence continued its upward trend in November, but poor economic performance remains a concern. The business climate is still plagued by poor economic performance, recessionary conditions and high unemployment and fiscal unsustainability, says the South African Chamber of Commerce... 

SA needs structural reforms to bolster business confidence

Sars freezes R2.8bn from Chinese rail company that paid Gupta kickbacks

By: News24Wire      9th December 2020 Days before R1.26-billion in frozen funds was due to be released to Gupta-linked Chinese rail group CRRC, the Gauteng High Court in Pretoria on Tuesday handed down an order that the monies remain frozen until the company provides a bank guarantee for the same amount to the South African Revenue... 

Pay for electricity to help Eskom succeed, Mabuza urges  

By: News24Wire      8th December 2020 Communities must pay for electricity if Eskom is to succeed, Deputy President David Mabuza has said. "Doing so is in the best interest of our country," he said on Tuesday morning at a Nedlac summit, which will see business, trade union and government leaders sign a social compact to support the... 

Deputy President David Mabuza
Deputy President David Mabuza

Social partners ink compact on reducing Eskom’s debt and facilitating ‘just transition’ to renewables  

By: Terence Creamer     8th December 2020 Organised business, labour, community and government have officially signed a social compact in support of debt-laden Eskom that also endorses the need for a “just transition” for coal workers and communities as the electricity system begins to transition to higher levels of renewable energy and... 

Social partners ink compact on reducing Eskom’s debt and facilitating ‘just transition’ to renewables

South Africa offers bankrupt airline’s staff less than legally required 

By: Bloomberg     8th December 2020 The Department of Public Enterprises has asked workers at the bankrupt national airline to accept three months’ pay rather than the eight months they are entitled to by labour law and the terms of a business rescue plan, according to a labour union leader. The offer was made at the weekend and... 

South Africa offers bankrupt airline’s staff less than legally required

Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity 

By: Terence Creamer     7th December 2020 Steel and Engineering Industries Federation of Southern Africa (Seifsa) used the platform created by ongoing National Energy Regulator of South Africa (Nersa) hearings to call for a moratorium on additional electricity tariff hikes, arguing that further increases would undermine the country’s... 

Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity

Government urges SAA employees to be patient while it resolves unpaid salaries   

By: African News Agency      4th December 2020 South Africa’s department of public enterprises said on Friday it was sympathetic to the plight of South African Airways employees who have not received salaries for several months and urged them to be patient while it worked to find a solution. The financially struggling state-owned national... 

 Government urges SAA employees to be patient while it resolves unpaid salaries

Sasol's rights issue and 2.0 transformation programme  

4th December 2020 Sasol is still mulling over whether or not to proceed with a rights issue to help it deal with its debt burden. Engineering News editor Terence Creamer discusses this and the ‘Sasol 2.0’ transformation programme. 

Sasol's rights issue and 2.0 transformation programme
Sasol's right issue and 2.0 transformation programme

Govt gives SAA R1.5bn, but administrators say they can't use it

By: Reuters     3rd December 2020 Administrators for South African Airways, which has been under a form of bankruptcy protection for a year, said on Thursday that they had received R1.5-billion from the government but that they could not use it yet. The administrators said in a statement that conditions on how the R1.5-billion... 

Govt gives SAA R1.5bn, but administrators say they can't use it

Land Bank creditor urges South Africa to speed up rescue efforts

By: Bloomberg     3rd December 2020 South Africa’s National Treasury and the state-owned Land and Agricultural Development Bank are being accused of dragging their heels in negotiating a rescue package for the stricken lender, leaving creditors in the dark as debt repayments loom. Asset managers and other lenders are yet to receive... 

SA Supreme Court dismisses Airlink’s claim against national carrier SAA   

By: African News Agency      1st December 2020 Privately owned airline Airlink said on Tuesday it was disappointed, but respected the Supreme Court of Appeal’s decision to dismiss its claim against South African Airways. Airlink, which services the southern Africa region, applied to the Johannesburg High Court in January for a declaratory... 

 SA Supreme Court dismisses Airlink’s claim against national carrier SAA

Eskom to be charged with misleading regulator over pollution

By: Bloomberg     30th November 2020 Eskom Holdings, South Africa’s State power utility, said it will be charged with supplying misleading information to the national air quality officer as well exceeding emissions limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. “Eskom can confirm it has... 

Agri SA calls for govt aid as Land Bank is too important to fail

By: Marleny Arnoldi     27th November 2020 Industry organisation Agri SA has warned that the action by Moody’s Investor Service to lower the Lank Bank and Eskom’s respective ratings pose a risk to food security and overall economic recovery in South Africa. It says Moody’s downgraded the State-owned Land Bank as a result of ongoing... 

SA's prospects for future coal projects 

27th November 2020 The role of new coal in South Africa’s electricity mix is coming under increasing scrutiny, with Eskom CEO Andre de Ruyter the latest to question whether it can indeed be built. Engineering News editor Terence Creamer discusses the prospects for future coal projects. 

SA's prospects for future coal projects
SA's prospects for future coal projects

SA govt funding for SAA business rescue will not hurt other services, Mabuza says  

By: African News Agency      27th November 2020 South Africa’s government will do all it can to minimise any adverse impact that the re-prioritisation of budget allocations to free up R10.5-billion towards national carrier South African Airways’s business rescue might have on other services, Deputy President David Mabuza has said. The... 

Deputy President David Mabuza
Deputy President David Mabuza

Speed up SAA restructure so it can continue key role in Africa - aviation official 

By: News24Wire      26th November 2020 The regional representative of the International Air Transport Association (IATA) has called for the SA government to speed up its contribution to assist the airline in restructuring. He says South African Airways (SAA) and South Africa have played a major role in the growth of aviation in... 

Speed up SAA restructure so it can continue key role in Africa - aviation official

South Africa could sell shares in restructured national airline  

By: Bloomberg     25th November 2020 South Africa could offer to sell shares in the bankrupt national airline to the public as part of an ambitious new plan to revive the carrier outlined by Finance Minister Tito Mboweni. The government could bring the various parts of the South African Airways group into one company that would be... 

South Africa could sell shares in restructured national airline

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed 

By: Terence Creamer     24th November 2020 Eskom CEO Andre de Ruyter has again called on government to open the way for the procurement of more new electricity capacity in addition to the 11 800 MW outlined in a recently gazetted Ministerial determination, cautioning that the 1 500 MW of new coal included in the determination is unlikely... 

Eskom CEO Andre de Ruyter
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination 

By: Terence Creamer     23rd November 2020 The National Energy Regulator of South Africa (Nersa) has given stakeholders until February 5 to comment on a Section 34 determination received from Minerals Resources and Energy Minister Gwede Mantashe for the procurement of new nuclear capacity post-2030. The draft determination delivered to... 

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination

CEF, SFF welcome High Court decision on sale of strategic crude oil reserves

20th November 2020 The Central Energy Fund (CEF) and its subsidiary, the Strategic Fuel Fund (SFF), have welcomed the Western Cape High Court's judgment in reversing the 2015 sale of South Africa's strategic crude oil reserves. The CEF stated that the "landmark victory" was the culmination of a series of court... 

Repurposing of Eskom power stations key in SA's just transition  

20th November 2020   Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about plans by Eskom to repurpose and repower three coal-fired power stations that are due for decommissioning, why it is important for creating a just transition framework and the need for South Africa to determine... 

Repurposing of Eskom power stations key in SA's just transition
Repurposing of Eskom power stations key in SA's just transition

World Bank says ‘flagship’ Eskom battery scheme to open way for private investment in the technology 

By: Terence Creamer     19th November 2020 The World Bank reports that Eskom’s large-scale battery energy storage initiative, which will involve the installation of  battery energy storage systems (BESS) across up to eight sites, is being treated as a “flagship” initiative by the global development finance institution, which has committed... 

The Skaapvlei site, with the Sere wind farm in the background
The Skaapvlei site, with the Sere wind farm in the background

SAA rescue plan meant to address past sins, not lay out the airline's future - BRP 

By: News24Wire      19th November 2020 The business rescue plan for South African Airways (SAA) is not intended to formulate a strategy for the future of the airline, according to Siviwe Dongwana, one of the state-owned flag carrier's joint rescue practitioners. Formulating a strategy for a "new SAA" would be the prerogative of a new... 

Proposal to nationalise central bank sends 'negative signal' – Treasury 

By: Reuters     18th November 2020 South Africa's treasury does not support a private member's bill seeking to nationalise the central bank, a senior official said on Wednesday during the first day of public hearings on an issue that has rattled investors in the recession-hit economy. The bill to change the ownership of the South... 

Proposal to nationalise central bank sends 'negative signal' – Treasury
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