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State Companies News

Redisa should have been stopped earlier – Outa

By: Megan van Wyngaardt     6th June 2017 The Organisation Undoing Tax Abuse (Outa) on Tuesday welcomed Environmental Affairs Minister Edna Molewa’s decision to have the Recycling and Economic Development Initiative of South Africa (Redisa) placed under liquidation, but raised some questions about the move. Last week, Molewa lodged an... 

TFR introduces new customer-centric apps

By: Megan van Wyngaardt     5th June 2017 Transnet Freight Rail (TFR) is introducing three digital business solutions to enhance its business and customer relations. Through Transnet Online, the parastatal seeks to unlock digital value. Formerly known as R2R, Transnet Online is available for customers to download from Google Play and... 

Redisa placed under liquidation 

By: Megan van Wyngaardt     5th June 2017 The Recycling and Economic Development Initiative of South Africa (Redisa) has been placed under liquidation to safeguard the operations and assets associated with the programme. Environmental Affairs Minister Dr Edna Molewa filed an urgent application for the liquidation at the Cape Town High... 

Redisa placed under liquidation

Eskom to make final ‘double digit’ tariff application for 2018/19 this month

By: Terence Creamer     5th June 2017 State-owned electricity utility Eskom says it will make a final revenue application to the National Energy Regulator of South Africa (Nersa) this month, but has confirmed that the application will be for a “double digit” tariff increase for implementation on April 1, 2018. Business news website... 

Eskom CFO Anoj Singh
Photo by Duane Daws
Eskom CFO Anoj Singh

Brown studying Molefe’s legal challenge to dismissal as Eskom boss

By: African News Agency      5th June 2017 Public Enterprises Minister Lynne Brown is studying court documents filed by Brian Molefe to challenge his dismissal as CEO of Eskom, her office said on Monday. “We have received Mr Molefe’s documents. Minister’s Brown’s legal team is studying it,” her spokesperson Colin Cruywagen said. 

Public Enterprises Minister Lynne Brown
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

IDC raises black industrialist funding target to R7.4bn for FY18

By: Terence Creamer     5th June 2017 The Industrial Development Corporation (IDC) is budgeting to pick up the pace of lending to black industrialists during its 2017/18 financial year, during which it aims to increase approvals to around R7.4-billion, from R4.7-billion in 2016/17. Divisional executive for agro, infrastructure and... 

Divisional executive for agro, infrastructure and new industries Lizeka Matshekga
Divisional executive for agro, infrastructure and new industries Lizeka Matshekga

Molefe holding Eskom to ransom, says Sanco 

By: African News Agency      5th June 2017 The South African National Civic Organisation (Sanco) on Monday decried Brian Molefe’s labour court action to challenge his removal as Eskom CEO as an attempt to hold the power utility to ransom. Molefe, who was fired as Eskom CEO last week, on Sunday indicated his intention to take his former... 

Former Eskom CEO Brian Molefe
Photo by Duane Daws
Former Eskom CEO Brian Molefe

Molefe to challenge sacking in court

By: News24Wire      5th June 2017 The former head of South Africa's power utility Eskom has approached the courts to overturn his sacking, local media reported on Sunday. Eskom was told to remove chief executive Brian Molefe last week after members of the ruling African National Congress (ANC) criticised his reinstatement just... 

Former Eskom CEO Brian Molefe
Photo by Duane Daws
Former Eskom CEO Brian Molefe

On track for Africa Rail

By: Marleny Arnoldi     2nd June 2017 This month, business-to-business media company Terrapinn will host the twentieth annual Africa Rail exhibition and conference at the Sandton Convention Centre in Johannesburg, Gauteng, from June 13 to 14. Africa Rail provides an interactive platform for rail industry stakeholders to share... 

INCLUSIVE GROWTH Africa Rail provides an interactive platform for rail industry stakeholders with the view to improve railway performance and its contribution to economic development
INCLUSIVE GROWTH Africa Rail provides an interactive platform for rail industry stakeholders with the view to improve railway performance and its contribution to economic development

Solidarity, NUM welcome Molefe’s dismissal

By: Anine Kilian     1st June 2017 Solidarity and the National Union of Mineworkers (NUM) on Thursday welcomed Public Enterprises Minister Lynne Brown’s decision to rescind the reappointment of Brian Molefe as CEO of Eskom. The NUM said it was concerned about a lack of stability in Eskom's leadership and called on the Minister to... 

Broadening scope of State capture inquiry a transparent attempt at diversion - BLSA

By: Terence Creamer     1st June 2017 Business Leadership South Africa (BLSA) has strongly criticised an African National Congress (ANC) suggestion that the scope of a proposed judicial commission of inquiry into allegations of State capture be broadened beyond the issues outlined in the former Public Protector’s ‘State of Capture’... 

BLSA chairperson Jabu Mabuza
Photo by Duane Daws
BLSA chairperson Jabu Mabuza

Bishop calls for Eskom board to resign, inquiry

By: Sashnee Moodley     1st June 2017 Parliament must consider an inquiry into the Eskom board’s fitness to hold office if the board does not resign, says Southern African Catholic Bishops’ Conference (SACBC) Justice and Peace Commission chairperson Bishop Abel Gabuza. He called on the board to “do the right thing” and resign... 

Bishop calls for Eskom board to resign, inquiry

Cape Town airport reaches milestone in environmental approval for new runway

By: Keith Campbell     31st May 2017 Cape Town International Airport (CTIA), which belongs to the State-owned Airports Company South Africa (Acsa), has received authorisation from the Department of Environmental Affairs (DEA) to proceed with its planned runway realignment and other necessary infrastructural developments. Acsa... 

Cape Town International Airport
Photo by Duane Daws/Creamer Media
Cape Town International Airport

Gigaba supports NEC sanctioned inquiry into State capture  

By: Sane Dhlamini     30th May 2017 Finance Minister Malusi Gigaba acknowledges and shares the serious concerns about corruption raised in a report released by The State Capacity Research Project and, at the same time as the African National Congress's National Executive Committee signalled a willingness to see further... 

Finance Minister Malusi Gigaba
Photo by Duane Daws
Finance Minister Malusi Gigaba

Scopa welcomes SIU investigation into Eskom coal deals

By: Ilan Solomons     30th May 2017 The Standing Committee on Public Accounts (Scopa) has welcomed the decision by Public Enterprises Minister Lynne Brown to refer Eskom’s procurement contracts, including those signed with the Gupta family-linked Tegeta Resources, to the Special Investigating Unit (SIU) for investigation. The SIU... 

Minister of Public Enterprises Lynne Brown
Photo by Duane Daws
Minister of Public Enterprises Lynne Brown

Eskom resolute on Tegeta as MPs call for contract to be cancelled

By: African News Agency      30th May 2017 Eskom CEO Brian Molefe on Tuesday brushed aside calls from Members of Parliament (MPs) for the company’s Brakfontein coal contract with Tegeta to be cancelled, saying it has been through a self-corrective exercise to resolve its procurement problems. Molefe demanded that he be allowed to give... 

Eskom CEO Brian Molefe
Photo by Duane Daws
Eskom CEO Brian Molefe

Busa urges Nersa to reject Eskom’s request to deviate from tariff methodology 

By: Terence Creamer     30th May 2017 Business Unity South Africa (Busa) has heavily criticised what it describes as Eskom’s request for a “blanket condonation” from the National Energy Regulator of South Africa (Nersa) to deviate from the multiyear price determination (MYPD) methodology and minimum information requirements for... 

Busa urges Nersa to reject Eskom’s request to deviate from tariff methodology

Column: Koeberg aims to ease Cape Town's water woes through desalination

29th May 2017 In this article, Koeberg power station manager Velaphi Ntuli outlines initiatives under way at the nuclear power station to reduce water consumption and desalinate groundwater. Cape Town is in a drought crisis, and it is predicted that this will certainly not be the city’s last water crisis. Dam... 

Column: Koeberg aims to ease Cape Town's water woes through desalination

DA asks Speaker to appoint ad hoc committee on State capture

By: African News Agency      29th May 2017 The Democratic Alliance (DA) on Monday asked Speaker Baleka Mbete to appoint an ad hoc parliamentary committee to probe ties between President Jacob Zuma, Cabinet ministers and the politically-connected Gutpa family, party leader Mmusi Maimane said on Monday. “Parliament is mandated by the... 

DA leader Mmusi Maimane
Photo by Duane Daws
DA leader Mmusi Maimane

Group Five reviews enquiries around voluntary rebuild programme

By: Megan van Wyngaardt     29th May 2017 JSE-listed Group Five, led by CEO Themba Mosai, on Monday said it had received a number of enquiries and correspondences regarding equity-based transactions at both the group and subsidiary company level, which forms part of the voluntary rebuild programme (VRP). Group Five, along with five other... 

Proudly SA develops tender monitoring system to track government compliance 

By: Megan van Wyngaardt     29th May 2017 Buy local advocacy campaign Proudly South African (SA) has developed an in-house tender tracking system to monitor government’s compliance with its own mandate to make local procurement a priority. The system trawls the websites of all three spheres of government, their agencies and entities,... 

Finance Minister Gigaba continues to oppose Denel Asia deal

By: Keith Campbell     26th May 2017 The National Treasury on Friday reaffirmed, in a press release, that Finance Minister Malusi Gigaba continues to oppose the proposed joint venture between the State-owned Denel defence industrial group and VR Laser Asia, intended to create a company called Denel Asia. The press release was issued... 

Durban port takes delivery of Umbilo tug

By: Shirley le Guern     26th May 2017 “Made for Durban in Durban” is how Transnet National Ports Authority (TNPA) CEO Richard Vallihu described the Umbilo, the latest tug to be launched in Durban, on Friday. The sixth to roll off the South African Shipyards’ (SAS’s) production line, the Umbilo will be the first tug to be based at its... 

Durban port takes delivery of Umbilo tug

Outa welcomes new ‘State capture’ study

By: Sane Dhlamini     26th May 2017 The Organisation Undoing Tax Abuse (Outa) has welcomed the research undertaken by independent research organisation Public Affairs Research Institute (Pari) in collaboration with the South African Council of Churches (SACC), which exposes how State institutions have been “repurposed to serve the... 

South African President Jacob Zuma
South African President Jacob Zuma

DTI spends R42m on Hammanskraal industrial park security upgrades

By: Megan van Wyngaardt     26th May 2017 The Department of Trade and Industry has spent R42-million on security upgrades at the Babelegi industrial park, in Hammanskraal, which included the installation of invisible fencing, a control room, guard houses, swing gates and pedestrian gates, a new boom gate and high-mast lighting upgrades... 

$100-million loan for African infrastructure spending

By: Nadine James     26th May 2017 The Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD) in March signed a $100-million loan agreement aimed at furthering the DBSA’s infrastructure financing activity across Africa. This flexible credit line will focus on DBSA’s four strategic sectors:... 

New-look procurement rules punted as possible transformation game changer

By: David Oliveira     26th May 2017 Major reform of the Preferential Procurement Policy Framework Act (PPPFA) regulations, which came into effect last month, is expected to provide the legislative assistance to drive radical economic transformation in South Africa by providing greater opportunities for small, medium-sized and... 

New-look procurement rules punted as possible  transformation game changer

GEPF assures its funds are not used to bail out troubled SAA

By: Natasha Odendaal     25th May 2017 The Government Employees Pension Fund (GEPF) on Thursday assured that it was not funding the recapitalisation of ailing national airliner South African Airways (SAA), nor had it been approached to contribute. Speculation emerged last week that the GEPF’s assets will be used, through its fund... 

Competition Commission approves Denel buy of local aero-engine company

By: Keith Campbell     25th May 2017 South Africa’s Competition Commission has recommended that State-owned defence and aerospace group Denel be allowed to buy local aero-engine company Turbomeca Africa (TMA). The recommendation was given to the Competition Tribunal. The Commission announced this decision on Thursday.  

High Court dismisses applications to have power interruptions declared unconstitutional

By: Megan van Wyngaardt     25th May 2017 The Pretoria High Court this week dismissed applications by AfriForum and other businesses to have Eskom’s scheduled electricity interruptions to defaulting municipalities declared unconstitutional, confirming the parastatal’s right to do so. “Astral, Bridgestone, AfriForum and Mediclinic had... 

High Court dismisses applications to have power interruptions declared unconstitutional

Brown to set up Eskom corruption probe headed by retired judge 

By: Terence Creamer     25th May 2017 Public Enterprises Minister Lynne Brown has announced that she will institute a “broad scope” investigation into allegations of corruption currently hanging over State-owned electricity producer Eskom. The terms of reference and form of the investigation were still to be finalised, but Brown... 

Public Enterprises Minister Lynne Brown
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

AfriBusiness calls for abolishment of racially discriminatory procurement legislation

By: Megan van Wyngaardt     24th May 2017 AfriBusiness has launched an application against Finance Minister Malusi Gigaba to request the court to set the Preferential Procurement Policy Framework Act (PPPFA) regulations aside and declare it invalid. The business watchdog said on Wednesday that the PPPFA restrictions placed upon... 

Koeberg Unit 2 restarted after maintenance shutdown

By: Natasha Odendaal     24th May 2017 Koeberg nuclear power station’s Unit 2 has reconnected to State-owned power utility Eskom’s national electricity grid following a 36-day planned maintenance outage. The outage, dubbed Outage 222, as it is the twenty-second outage on Unit 2, has become the second shortest outage performed in the... 

Denel contradicts Gigaba’s reported stance on VR Laser Asia

By: African News Agency      24th May 2017 Denel on Wednesday contradicted reports that Finance Minister Malusi Gigaba had ordered the State-owned arms manufacturer to dissolve its controversial joint venture with VR Laser Asia, a company linked to the Gupta business empire, and withdraw its litigation against National Treasury for... 

IDC approves R218m loan for development of Free State natural gas project 

By: Terence Creamer     24th May 2017 South Africa’s State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and associated gas processing facilities. The funding,... 

Renergen CEO Stefano Marani
Photo by Duane Daws
Renergen CEO Stefano Marani

AfriBusiness launches investigation into Transnet’s multiproduct pipeline 

By: Megan van Wyngaardt     24th May 2017 Nonprofit business rights watchdog AfriBusiness will launch an application against Transnet regarding the new multi-product pipeline’s (NMPP’s) completion and implementation. The NMPP, which entailed the building of a pipeline for the transportation of various fuels from Durban, in KwaZulu-Natal,... 

Solidarity, Hospersa worried about proposed bail-out plans for SAA

By: Megan van Wyngaardt     23rd May 2017 Trade union Solidarity is demanding answers about whether the Government Employees Pension Fund (GEPF) is considering recapitalising “sinking ship” South African Airways (SAA) through the Public Investment Corporation (PIC), as the union’s members have a direct interest in the proper management... 

Solidarity, Hospersa worried about proposed bail-out plans for SAA
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