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State Companies News

Fierce Eskom critic appointed as spokesperson

By: News24Wire      22nd January 2020 Seasoned financial journalist Sikonathi Mantshantsha has been appointed to one of the trickiest position in the country, that of spokesperson for struggling national power utility Eskom. Mantshantsha, a fierce critic of Eskom in recent years, has become known in journalism circles for his probing... 

Steely Gordhan to his enemies: I am executing the president's project, leave me alone

By: News24Wire      22nd January 2020 Pravin Gordhan, under pressure from detractors and enemies inside and outside government and the African National Congress, says he is following a mandate given to him by President Cyril Ramaphosa and that he must be left alone to complete the task he was given. Gordhan, the minister of public... 

Steely Gordhan to his enemies: I am executing the president's project, leave me alone
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

PetroSA appoints new CEO

By: Creamer Media Reporter      22nd January 2020 Pragasen Naidoo has been appointed CEO of national oil company PetroSA. His appointment is effective from January 17, subject to a transitional arrangement with the Central Energy Fund (CEF), a holding company of PetroSA. 

Mantashe confirms new Necsa board members

By: African News Agency      21st January 2020 Energy and mineral resources minister Gwede Mantashe has appointed seven members to the board of the Nuclear Energy Corporation of South Africa (Necsa).  The former board members resigned en masse a week ago, claiming they did not have Mantashe's support.  

Mantashe confirms new Necsa board members
Photo by Creamer Media
David Nicholls

Local radioisotope company reports strong recovery 

By: Rebecca Campbell     21st January 2020 South African State-owned nuclear technology company NTP Radioisotopes (NTP) announced on Tuesday that it had regained 80% of its market share for the medical radioisotope Molybdenum-99 (Mo-99). NTP is one of three large global producers and suppliers of Mo-99, but, from November 2017 to November... 

Local radioisotope company reports strong recovery
Photo by NTP
NTP Radioisotopes MD Tina Eboka

Ex-Eskom, Transnet CFO Anoj Singh's disciplinary hearing to resume next week

By: News24Wire      21st January 2020 Disgraced former Eskom and Transnet Chief Financial Officer Anoj Singh's disciplinary hearing, which is being conducted by the South African Institute of Chartered Accountants, will resume next week in Sandton. The hearing is scheduled to take place on Monday and Tuesday.  The accountancy body... 

 Ex-Eskom, Transnet CFO Anoj Singh's disciplinary hearing to resume next week
Photo by Creamer Media
Former Eskom & Transnet CFO Anoj Singh

SAA vows to re-accommodate passengers as it cancels flights to save cash 

By: News24Wire      21st January 2020 South African Airways confirmed on Tuesday that it was in the process of cancelling and consolidating selected local and international flights, in part to save cash. It has vowed to re-accommodate local and international fliers.  In a statement the debt-laden national carrier said the decision... 

SAA vows to re-accommodate passengers as it cancels flights to save cash

SAA confirms sudden flight cancellations

By: Rebecca Campbell     21st January 2020 Following media reports that State-owned South African Airways (SAA) had cancelled a number of its flights, both domestic and international, the national flag-carrier, which is currently under business rescue, put out a statement that it was “consolidating” some of its domestic flights and... 

SAA confirms sudden flight cancellations

19 SAA domestic and international flights cancelled

By: News24Wire      21st January 2020 Travellers are being advised that as many as 19 South African Airways (SAA) flights have been removed from the Airline Global Distribution Systems, as Treasury struggles to raise the necessary funds to keep SAA afloat.    Traveller24 has received confirmation via Flight Centre about the flight... 

19 SAA domestic and international flights cancelled

South African chrome firms warn of more than 1 200 job cuts

By: Reuters     21st January 2020 South African chrome firms on Monday warned of more than 1 200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas. The potential layoffs highlight the risks posed to Africa's most industrialised economy by struggling state power utility... 

Public Enterprises, SAA, issue assurances to the country about the airline 

By: Rebecca Campbell     20th January 2020 The Ministry of Public Enterprises on Sunday assured the country that it was in discussions with National Treasury regarding the provision, to State-owned company South African Airways (SAA), of R2-billion in post commencement finance (PCF), to help underpin the airline’s current business rescue... 

Public Enterprises, SAA, issue assurances to the country about the airline

'It will take a long time for Eskom to recover fully from the damage caused by State capture' – Gordhan 

By: News24Wire      17th January 2020 Public Enterprises Minister Pravin Gordhan has conceded it will take a long time for Eskom to recover fully from the damage caused by State capture. Gordhan also explained that, in response to allegations of political interference at Eskom, the Memorandum of Incorporation of Company explicitly... 

'It will take a long time for Eskom to recover fully from the damage caused by State capture' – Gordhan
Public Enterprises Minister Pravin Gordhan

Boiler leak-detection equipment ideal for power generation

By: Cameron Mackay     17th January 2020 Power generation facilities can benefit from using turnkey solutions provider Procon Engineering’s boiler tube leak-detection to avoid unplanned shutdowns, says industrial and processing solutions provider RTS Africa Technologies MD Ian Fraser. “This equipment provides a continuous diagnostic... 

Boiler leak-detection equipment ideal for power generation
KEEPING THE LIGHTS ON The Procon boiler tube leak-detection system can eliminate unplanned shutdowns caused by boiler tube leaks

Local airline Airlink changes its relationship with SAA

By: Rebecca Campbell     16th January 2020 South African private-sector airline Airlink, which, for some time now has had a franchise agreement with State-owned flag-carrier South African Airways (SAA) – which is currently under business rescue – announced on Thursday that the two airlines had replaced that franchise agreement with a new... 

Local airline Airlink changes its relationship with SAA
Photo by Airlink
An Embraer E190 airliner of Airlink

Ramaphosa proclaims 'new era' of self-generation 

16th January 2020 Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Business Unity South Africa’s statements to President Cyril Ramaphosa that inadequate electricity supply is the biggest risk for businesses and the South African economy and the President’s commitment to... 

Ramaphosa proclaims 'new era' of self-generation
Ramaphosa proclaims 'new era' of self-generation

SAA in death throes as weekend deadline for its survival looms  

By: News24Wire      16th January 2020 South African Airways, the embattled national airline, seems to be in its death throes. Although no official announcement has been made, indications are that government could finally jettison the entity, which has suffered losses of more than R30-billion over the past 13 years. In the strongest... 

 SAA in death throes as weekend deadline for its survival looms

SAA selling nine Airbus aircraft – tender document

By: Reuters     16th January 2020 South African Airways (SAA) has put up for sale nine of its Airbus aircraft, according to a tender document seeking proposals from interested buyers that was seen by Reuters on Thursday. SAA, which was placed in a form of bankruptcy protection late last year, is selling the Airbus A340-300s and... 

Mboweni says govt needs funding for troubled airline SAA

By: Reuters     16th January 2020 Finance Minister Tito Mboweni said on Thursday that the government was still trying to find additional financing for troubled State airline South Africa Airways (SAA). Mboweni was speaking at a meeting with business leaders in Johannesburg to discuss what message they will take to the World... 

Mboweni says govt needs funding for troubled airline SAA

No load-shedding expected for the rest of the week, says Eskom

By: African News Agency      16th January 2020 South Africa's electricity provider Eskom said no load-shedding was expected for the rest of the week as their emergency resources have been used to ensure that there was adequate generation capacity to meet the demand, but warned that the risk remained. "Despite a constrained and vulnerable... 

 No load-shedding expected for the rest of the week, says Eskom

Makgoba appointed interim chair at South Africa's Eskom

By: Reuters     16th January 2020 The Public Enterprises Ministry said on Wednesday that Malegapuru William Makgoba had been appointed interim chairperson of struggling State-owned power utility Eskom, after the resignation of Jabu Mabuza last week. Makgoba is a scientist and academic who joined the Eskom board as a non-executive... 

Makgoba appointed interim chair at South Africa's Eskom
Photo by Creamer Media
Eskom interim chairperson William Makgoba

Administrator sets out ambitious plan for 'broken' PRASA  

By: Irma Venter     15th January 2020 Lifestyle audits, cashless ticketing, renegotiating Eskom tariffs and finalising the general overhaul tender are all on the to-do list for the newly appointed administrator of the Passenger Rail Agency of South Africa (PRASA), Bongisizwe Mpondo. Transport Minister Fikile Mbalula appointed Mpondo... 

Administrator sets out ambitious plan for 'broken' PRASA
Photo by Creamer Media's Irma Venter
PRASA administrator Bongisizwe Mpondo

Green Scorpions deadline looms for Eskom’s emissions-breaching Kendal power station 

By: Terence Creamer     15th January 2020 State-owned electricity utility Eskom, which is struggling to keep the lights on as a result of high levels of unplanned breakdowns across its coal fleet, could be forced to shut down units at the Kendal power station at the end of January unless ongoing noncompliance with the country’s minimum... 

Green Scorpions deadline looms for Eskom’s emissions-breaching Kendal power station
Photo by Creamer Media
Kendal power station

Eskom warns of collapse without higher tariffs as it faces regulator in court  

By: News24Wire      15th January 2020 Eskom says if it is not granted tariff increases it wants from March this year, its finances might collapse, triggering a national crisis, as both the State’s credit ratings and consumers’ well-being would suffer. The power utility - which is battling to keep the lights on due to aging power... 

Eskom warns of collapse without higher tariffs as it faces regulator in court

Necsa board resigns

By: Reuters     15th January 2020 The remaining board members at troubled South African State nuclear company Necsa have resigned, the energy ministry said on Wednesday, adding that officials would prioritise new appointments to the board. Necsa is one of the world's largest producers of medical radioisotopes and promotes... 

Dept confirms resignation of remaining nuclear board members   

By: News24Wire      15th January 2020 The Department of Mineral Resources and Energy has confirmed the resignation of the remaining members of the Board of the Nuclear Energy Corporation of South Africa. Earlier on Wednesday Minister of Mineral Resources and Energy Gwede Mantashe told reporters he had not yet received any... 

Dept confirms resignation of remaining nuclear board members
Mineral Resources and Energy Minister Gwede Mantashe

No nuclear board resignations, but I wouldn’t stop them – Mantashe

By: News24Wire      15th January 2020 Minister of Mineral Resources and Energy Gwede Mantashe told reporters on Wednesday morning that he had not received any resignations from the current board members of the Nuclear Energy Corporation of South Africa (Necsa), but would not stop them if they wished to leave. This came after energy... 

 No nuclear board resignations, but I wouldn’t stop them – Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

Interest rate cuts ‘will do no harm’, says PwC

By: Simone Liedtke     14th January 2020 In a low-inflation environment, “interest rate cuts will certainly do no harm,” PwC said on Tuesday in the lead-up to the South African Reserve Bank (SARB) Monetary Policy Committee’s (MPC’s) decision on whether or not South Africa’s interest rates should be lowered. There is already some... 

Minerals Council calls for intervention to ‘salvage and revive’ South Africa 

By: Simone Liedtke     14th January 2020 The Minerals Council South Africa has urged President Cyril Ramaphosa and other government leaders to “salvage and revive” South Africa’s economy after noting the “increasing urgency of a range of critical steps needed”. In a statement released ahead of the Business Economic Indaba (BEI), which... 

Minerals Council calls for intervention to ‘salvage and revive’ South Africa
Photo by Creamer Media's Donna Slater
Minerals Council CEO Roger Baxter

No, stage 8 load-shedding is not imminent – Eskom 

By: News24Wire      14th January 2020 Eskom has denied telling municipalities that stage 8 load-shedding is imminent, describing media articles claiming this to be "erroneous and incorrect". The power utility said that while it has developed contingency plans for a severe supply constraints this does not mean that it is planning to... 

 No, stage 8 load-shedding is not imminent – Eskom

No load-shedding expected on Monday, says Eskom 

By: African News Agency      13th January 2020 Eskom has managed to avoid load-shedding over the weekend and no load-shedding is expected on Monday, the State-owned power utility said. "The power system is showing some improvement as our teams continue to work hard to bring generation units that have tripped or are on maintenance back on line... 

 No load-shedding expected on Monday, says Eskom

Eskom's Mabuza resigns as blackouts resume

By: , Bloomberg     11th January 2020 The chairperson of Eskom Holdings resigned from his post after the South African power utility resumed rolling blackouts earlier than expected in 2020. Jabu Mabuza tendered his resignation on Friday and “apologized for Eskom’s inability” to meet a commitment it made to President Cyril Ramaphosa... 

Eskom's Mabuza resigns as blackouts resume
Photo by Creamer Media's Donna Slater
Jabu Mabuza

UASA slams Eskom 'incompetence' 

By: African News Agency      10th January 2020 One of South Africa's oldest trade unions, UASA, on Friday slammed state power provider Eskom for its "incompetence".  According to UASA spokesperson, Stanford Mazhindu, Eskom having to implement stage 2 load-shedding before industries restarted following the festive break was "a sad state of... 

UASA slams Eskom 'incompetence'

Ramaphosa looking at changes in Eskom board – Presidency  

By: News24Wire      10th January 2020 President Cyril Ramaphosa is looking at making changes to the Eskom board as part of the implementation of a rescue plan at the power utility. Ramaphosa's spokesperson Khusela Diko said this while responding to questions over earlier comments by Deputy President David Mabuza. Diko said, "The... 

 Ramaphosa looking at changes in Eskom board – Presidency
President Cyril Ramaphosa

Load-shedding downgraded to stage 1 as problem units return to service

By: News24Wire      10th January 2020 Eskom switched from stage 2 to stage 1 load-shedding at 06:00 on Friday morning. Stage 1 load-shedding will continue until 23:00 on Friday evening. This is as a result of an improved prognosis for the day as some generating units return to service," Eskom said in a statement. Unexpected bouts of... 

 Load-shedding downgraded to stage 1 as problem units return to service

Gordhan and Eskom board 'misled' Ramaphosa about load shedding – David Mabuza  

By: News24Wire      9th January 2020 The deputy president of the African National Congress and the country, David Mabuza, said President Cyril Ramaphosa was misled when he was told there would be no load-shedding before the January 13. The country has been hit, yet again, by a round of rolling blackouts, despite promises from... 

Gordhan and Eskom board 'misled' Ramaphosa about load shedding – David Mabuza
President Cyril Ramaphosa & Deputy President David Mabuza

Eskom to apply rolling blackouts until Friday morning 

By: News24Wire      9th January 2020 South Africa's electricity system remains severely constrained and unpredictable and this will necessitate rolling power cuts until Friday morning, State utility Eskom said on Thursday. In a statement Eskom, which has struggled with breakdowns in its generating units in recent months, said it had... 

 Eskom to apply rolling blackouts until Friday morning

Clarity on emergency procurement of 3 000 MW expected only by end Feb  

By: Terence Creamer     8th January 2020 Hundreds of potential respondents to a request for information (RFI) – issued in December by the Department of Mineral Resources and Energy (DMRE) for supply and demand solutions to South Africa’s prevailing power deficit – descended on Centurion on Wednesday for a briefing ahead of the... 

Clarity on emergency procurement of 3 000 MW expected only by end Feb
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