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State Companies

TP Nchocho
IDC reports surge in disbursements to R17.8bn despite economic headwinds
26th September 2023 By: Terence Creamer

The Industrial Development Corporation (IDC) has reported a 147% surge in disbursements to R17.8-billion for 2022/23, up from only R7.2-billion in the prior year – a performance that is within... 


Lightbulb
Eskom suspends loadshedding over the long weekend
22nd September 2023 By: News24Wire

Due to the sustained improved performance of generation availability as well as the anticipated lower demand over the long weekend, Stage 2 loadshedding will be implemented at 16:00 this afternoon... 


Electricity Minister Kgosietsho Ramokgopa says Eskom has provided a response to the issues raised in the appeal
Early Kusile restart uncertain as Creecy adjudicates emissions appeal
22nd September 2023 By: Terence Creamer

The Department of Fisheries, Forestry and the Environment (DFFE) has confirmed that Minister Barbara Creecy is still adjudicating an appeal of the National Air Quality Officer’s (NAQO’s) decision... 


Electricity Minister Kgosientsho Ramokgopa
Grid investment ‘fully funded’ for next three years, but scale-up requires alternative models
21st September 2023 By: Terence Creamer

Eskom has indicated that it has sufficient funding for the coming three years for the grid infrastructure investments that will be pursued in line with its Transmission Development Plan, but says... 


Photo of Terence Creamer
More licences approved for transmission company
21st September 2023

Engineering News editor Terence Creamer discusses the National Energy Regulator of South Africa's approval of two more licences required for the National Transmission Company South Africa (NTCSA)... 


Public Enterprises Minister Pravin Gordhan
Gordhan criticises Eskom’s ‘elongated’ restructuring timelines, wants grid company trading from Nov
20th September 2023 By: Terence Creamer

Public Enterprises Minister Pravin Gordhan has criticised Eskom’s “elongated” restructuring timeframes and has called for greater urgency and drive from the utility in completing the remaining... 


Pressure for action grows as South African ports firm flails
19th September 2023 By: Bloomberg

Business lobby groups are piling pressure on South Africa’s government to act against the management of state ports and rail operator Transnet for failures they say are hobbling economic growth.... 


Necsa CEO Loyiso Tyabashe
Necsa 2022/23 profit owing to success of turnaround strategy
19th September 2023 By: Rebecca Campbell

South African Nuclear Energy Corporation (Necsa) group CEO Loyiso Tyabashe has credited the group’s R125-million profit (and total comprehensive income of R145-million) in the 2022/23 financial... 


Power line
Eskom expects NTCSA to begin trading from April
19th September 2023 By: Terence Creamer

Eskom expects the remaining suspensive conditions required for the operationalisation of the National Transmission Company South Africa (NTCSA) to be met by the end of its current financial year... 


Rail link to Port Elizabeth port damaged by rough seas
18th September 2023 By: Schalk Burger

Transnet Freight Rail's (TFR's) rail link into the Port of Port Elizabeth has been heavily damaged by rough sea conditions that caused a wash-away of the track formation on September 16. This is... 


Attacq is developing Waterfall City, located in Johannesburg, Gauteng
Attacq, GEPF conclude landmark equity transaction
18th September 2023 By: Cameron Mackay

JSE-listed real estate investment trust Attacq, which is developing Waterfall City, in Gauteng, has concluded its landmark R2.7-billion transaction with the Government Employees Pension Fund... 


Power lines
Energy Regulator approves two outstanding licences for new grid company
18th September 2023 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has approved the two licence applications required for the operationalisation of the National Transmission Company of South Africa (NTCSA),... 


Public Enterprises Minister Pravin Gordhan
South Africa publishes draft law to establish holding company for State entities
18th September 2023 By: Bloomberg

South Africa has released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom, rail and port operator Transnet and other State-owned... 


BLSA CEO Busi Mavuso
Too early to say if proposed SOE holding company will succeed – Mavuso
18th September 2023 By: Marleny Arnoldi

With Cabinet having recently approved the publication of the draft National State Enterprises Bill for public comment, Business Leadership South Africa (BLSA) CEO Busi Mavuso says it contains... 


The Atlantis OCGT plant
Diesel supply problem blamed for low OCGT use during intense loadshedding week
17th September 2023 By: Terence Creamer

Eskom has confirmed that problems in the diesel supply chain last week meant that it did not operate its open-cycle gas turbines (OCGTs) as “hard” as it would have done normally in a context where... 


Saice suggests PPPs as the solution to govt’s constrained fiscus
15th September 2023 By: Cameron Mackay

The South African Institution of Civil Engineering (Saice) suggests an alternative solution that will assist the National Treasury as it grapples with the country’s constrained fiscus. In a letter... 


Transnet CEO Portia Derby
Durban business chamber calls for axing of Transnet CEO and execs
15th September 2023 By: News24Wire

The Durban Chamber of Commerce and Industry has called on the Public Enterprises Minister to remove Transnet’s CEO Portia Derby, accusing her of sabotaging businesses through lack of service... 


Photo of Terence Creamer
South Africa's grid capacity constraints
15th September 2023 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the various grid-related funding proposals and delivery mechanisms being considered by South Africa and what this could mean for adding much-needed... 


Solar PV panels
SA imported an entire Eskom power station's worth of solar panels - in just 6 months
15th September 2023 By: News24Wire

South Africa quadrupled its solar panel imports from China in the first half of 2023 to 3.4GW – which, at peak production, amounts to nearly the generation capacity of Eskom's Duvha or Matla power... 


A locomotive owned by Transnet Freight Rail
Considerable challenges hampering TFR's performance, but interventions under way
14th September 2023 By: Tasneem Bulbulia

There are myriad of challenges plaguing State-owned rail operator Transnet Freight Rail (TFR), ranging from infrastructure and security to skills shortages; however, several interventions are under... 


Public Enterprises Minister Pravin Gordhan
Cabinet approves new SOE plan - which may mean JSE listings, private investments
14th September 2023 By: News24Wire

A radical new model for South Africa’s troubled State-owned enterprises could be on the cards, with the approval this week of the draft National State Enterprises Bill, which would lay the basis... 


Electricity pylons
High loadshedding stages 'temporary', as government assures it has measures to tackle blackouts
14th September 2023 By: News24Wire

Cabinet has been given the assurance that the current higher stages of loadshedding are temporary. This is according to Minister in the Presidency Khumbudzo Ntshavheni, who said Cabinet had... 


Grid connection point with wind turbine in the backgound
Renewables hosting capacity of existing Western Cape grid could be doubled with 10% curtailment
14th September 2023 By: Terence Creamer

An assessment by two leading European transmission system operators (TSOs) of an Eskom-generated grid analysis shows that the capacity of the existing Western Cape grid to host variable renewable... 


Energy Council of South Africa CEO James Mackay
Energy Council CEO sees 2023 as a turning point in the energy crisis, but warns of slow decarbonisation progress
14th September 2023 By: Darren Parker

Industry body the Energy Council of South Africa CEO James Mackay has said there is sufficient reason to believe that loadshedding could end as early as the end of 2024, but warns that South Africa... 


A Rooivalk aircraft flying above a Ratel vehicle
Denel briefs Parliament Public Enterprises Portfolio Committee on its restructuring
13th September 2023 By: Rebecca Campbell

The senior management of State-owned defence industrial group Denel presented, on Wednesday, to the Parliamentary Portfolio Committee on Public Enterprises, an update on the restructuring plan for... 


Denel interim CEO Mike Kgobe
Denel seeking to rebuild itself after severe collapse
13th September 2023 By: Rebecca Campbell

A briefing to Parliament’s Portfolio Committee on Public Enterprises by the top management of Denel on Wednesday brought home the scale of the collapse at the State-owned defence industrial group... 


Cape Town International
ACSA narrows loss to R142m, expects profitability by next year
12th September 2023 By: Marleny Arnoldi

State-owned Airports Company South Africa (ACSA) has reported an improvement in earnings before interest, taxes, depreciation and amortisation to R2-billion for the financial year ended March 31.... 


Former Eskom CEO André de Ruyter
SIU’s Mothibi says contents of private Eskom investigation ‘cannot be ignored’
12th September 2023 By: Terence Creamer

Special Investigating Unit head Advocate Andy Mothibi says the fact that former Eskom CEO André de Ruyter did not receive board authorisation to commission a private intelligence investigation into... 


Government aims to help derisk Northern Cape green hydrogen projects
11th September 2023 By: Darren Parker

Northern Cape Economic Development, Trade and Investment Promotion Agency acting project management unit manager Shawn Modise has said the government aims to play a key role in derisking green... 


The seminar will be co-hosted with the JSE
South Africa to co-host grid financing seminar with JSE in September
10th September 2023 By: Terence Creamer

Electricity Minister Dr Kgosientsho Ramokgopa reports that he is planning to co-host a seminar with the JSE in September to unpack various financing options for the expansion of South Africa’s... 


The Kusile power station
Nine people arrested at the Kusile power station for theft of coal, fraud
8th September 2023 By: Creamer Media Reporter

Power utility Eskom reports that nine people were arrested at the Kusile power station on September 7 for theft of coal and fraud. Eight of the nine were weighbridge operators employed by Eskom... 


A platinum group metals mine
DSI pursuing private sector partnerships to industrialise hydrogen catalyser projects
8th September 2023 By: Darren Parker

Speaking at the Devac Hydrogen-H Conference in Johannesburg on September 7, Department of Science and Innovation (DSI) hydrogen and energy acting chief director Dr Cosmas Chiteme said the... 


Sanral confirms CFO's leave of absence
7th September 2023 By: Creamer Media Reporter

The South African National Roads Agency Limited (Sanral) has confirmed that CFO Inge Mulder is on a temporary leave of absence, until further notice, pending internal processes that are currently... 


Photo of Terence Creamer
Transnet posts big financial loss
7th September 2023 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses State-owned Transnet's financial and operational results; the response of government and the new Transnet chairperson; and potential developments... 


Transnet locomotive
Bombardier to pay Transnet R468m to settle dispute over State capture locomotive deal
7th September 2023 By: News24Wire

Bombardier Transportation SA has agreed to pay Transnet a total of R468-million to settle a long-running legal dispute over a locomotive supply contract.  Transnet, in turn, will release withheld... 


VAESA CEO Pulane Tshabalala Kingston
Three-year contract for rail turnout sets awarded to voestalpine VAE SA
6th September 2023 By: Creamer Media Reporter

Railway infrastructure solutions provider voestalpine VAE SA (VAESA) has been awarded a three-year contract by Transnet Freight Rail (TFR) to supply turnout sets and turnout components, which are... 


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