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State Companies News

Labour Court deems SAA interim order during cabin crew strike final

By: African News Agency      4th May 2017 South African Airways (SAA) said on Wednesday that they had successfully argued at the Labour Court to have an interim order granted during the cabin crew meal strike as a final order. About a week ago SAA cabin crew members embarked on a one day strike because they felt the $130 they were... 

Johannesburg to restore dignity to residents through job creation – Mashaba

By: Megan van Wyngaardt     3rd May 2017 The City of Johannesburg cannot continue accepting its projected 1.6% economic growth rate, as it will not be able to reverse the high rates of unemployment, Johannesburg Mayor Herman Mashaba said on Wednesday, adding that the city needed to achieve a minimum of 5% economic growth by 2021. During... 

Johannesburg to restore dignity to residents through job creation – Mashaba

Gigaba outlines strategy for intracontinental economic growth

By: Megan van Wyngaardt     3rd May 2017 Africans must not expect others to invest in what the continent itself is not ready to invest in, Finance Minister Malusi Gigaba said on Wednesday, noting that there was a need for well-structured and bankable projects. Addressing a Black Business Council breakfast roundtable, in Durban, Gigaba... 

Malusi Gigaba
Photo by Duane Daws
Malusi Gigaba

Aviation barometer records tepid total passenger traffic growth at ACSA airports

By: Keith Campbell     2nd May 2017 The Airports Company South Africa (ACSA) released its 'Aviation Barometer: Quarter 1/January 2017 - March 2017' report on Tuesday. This is the latest in the company’s quarterly reports on passenger flows through its nine airports. “Overall passenger growth in the first quarter of 2017 was... 

Cape Town International was the stand-out performer for Acsa in the first quarter
Photo by Duane Daws/Creamer Media
Cape Town International was the stand-out performer for Acsa in the first quarter

City Power seeks to fill MD, COO positions

By: Natasha Odendaal     2nd May 2017 City of Johannesburg- (CoJ-) owned municipal entity City Power Johannesburg is seeking to appoint an MD and a COO under a five-year performance-based contract. The MD will report directly to the board of directors accountable to the CoJ and will be responsible for the executive management team... 

State questions mental history of man accused of planning SA coup 

By: African News Agency      28th April 2017 The State is questioning the mental history of a man who was allegedly plotting to assassinate South African government officials perceived as beneficiaries of State capture, including cabinet ministers, members of State-owned entities and other prominent South Africans. Elvis Ramosebudi appeared... 

State questions mental history of man accused of planning SA coup

Alleged ‘coup plotter’ set to make first appearance 

By: News24Wire      28th April 2017 A man who allegedly plotted to assassinate officials perceived as State capture beneficiaries is set to make his first appearance in the Johannesburg Magistrate’s Court on Friday. The man, 23, was arrested in Midrand on Wednesday and charged with conspiracy to commit murder and other charges. 

Alleged ‘coup plotter’ set to make first appearance

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister 

By: Terence Creamer     26th April 2017 Having been effectively directed by the Western Cape High Court to “start with a clean slate” when approaching the controversial issue of nuclear procurement, South Africa’s new Energy Minister Mmamoloko Kubayi has some big calls to make. In the April 26 judgment signed off by justices Lee... 

The Koeberg nuclear power plant in the Western Cape
The Koeberg nuclear power plant in the Western Cape

Brown grants Eskom more time to reconsider Molefe’s pension payout

By: Anine Kilian     26th April 2017 Public Enterprises Minister Lynne Brown has granted Eskom’s board more time to resolve, through a mutually beneficial consultation process, issues around a pension payout to its former CEO Brian Molefe.   Brown on Sunday turned down the board’s proposal to award Molefe a R30-million pension... 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

By: Terence Creamer     26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

Fabrication facility to expand to accommodate heavy lifting fleet

By: Simone Liedtke     21st April 2017 Manufacturing company Sky Hill Heavy Engineering - a part of project services corporation Hydra-Arc in Secunda, Mpumalanga - has already commenced with the 100 m expansion of three of its four fabrication bays, to accommodate its heavy lifting fleet, says Hydra-Arc. 

IN-HOUSE PROJECTS
Fabrication and refurbishment projects are executed from the engineering to transportation stages
Photo by Petrus Saayman
IN-HOUSE PROJECTS Fabrication and refurbishment projects are executed from the engineering to transportation stages

Land Bank sets aside R1bn to support black farming investments in 2017  

By: Terence Creamer     20th April 2017 South Africa’s Land Bank has set a target of disbursing “at least” R1-billion in 2017/18 to support investments by black entrepreneurs in the agricultural sector and to begin transforming a loan book that is still overwhelmingly composed of funding to established commercial farmers. Should the... 

CEO TP Nchocho
Land Bank CEO TP Nchocho on plans to increase the pace and scale of support for black farmers. Camera Work: Nicholas Boyd. Editing: Lionel da Silva. Recorded: 20.04.2014

Recruitment process for new Eskom CEO to be concluded by end-May

By: Megan van Wyngaardt     19th April 2017 Public Enterprises Minister Lynne Brown expects the recruitment process for a new CEO at Eskom to be concluded by the end of May. Matshela Koko has been acting CEO since November 2016, when Brian Molefe resigned as CEO, following the release of a Public Protector report alleging his involvement... 

Minister Lynne Brown and Eskom CEO Matshela Koko
Photo by Duane Daws
Minister Lynne Brown and Eskom CEO Matshela Koko

Energy Minister reveals extent of executive vacancies at State-owned energy entities 

By: Megan van Wyngaardt     19th April 2017 Several executive positions in the country’s State-owned energy entities have remained vacant for a year or more, a written Parliamentary reply by Energy Minister Mmamoloko Kubayi reveals. The Petroleum Agency of South Africa (PASA) has now been without a CEO for five years. 

Gigaba slams Eskom’s ‘mistake’ of contradicting government policy on renewables 

By: Terence Creamer     19th April 2017 Finance Minister Malusi Gigaba says Eskom made a “mistake” by raising its corporate difficulties in relation to the signing of power purchase agreements (PPAs) with renewable-energy generators in a way that undermined the policy position of government on both the energy mix and the... 

Finance Minister Malusi Gigaba
Finance Minister Malusi Gigaba

Public Protector assessing Molefe 'golden handshake' complaint

By: News24Wire      19th April 2017 The Office of the Public Protector is assessing a complaint from the South African National Civic Organisation (Sanco) asking it to probe former Eskom CEO Brian Molefe's reported R30-million "golden handshake". Last week, Sanco requested that Public Protector Busisiwe Mkhwebane probe whether or... 

Gigaba to attend IMF, World Bank meetings  

By: Sane Dhlamini     18th April 2017 Finance Minister Malusi Gigaba’s upcoming trip to the US for the International Monetary Fund (IMF) and World Bank Spring Meetings and further interactions with rating agencies received a thumbs up from Deputy President Cyril Ramaphosa today.  “Well, the Minister is going to the Spring IMF... 

Finance Minister Malusi Gigaba
Photo by Bloomberg
Finance Minister Malusi Gigaba

Free State special economic zone to launch at month-end

By: Megan van Wyngaardt     18th April 2017 In its efforts to accelerate economic growth and development in designated regions of the country, government is set to launch the Maluti-A-Phofung Special Economic Zone (MAP-SEZ) in Tshiame, near Harrismith, in the eastern Free State, on April 25. Trade and Industry Minister Dr Rob Davies said... 

Brazil again turning to private sector to undertake key infrastructure projects

By: Keith Campbell     14th April 2017 With the country slowly emerging from its worst recession in decades, with Federal Government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Minister Lynne Brown is being asked to release details of the settlement
Photo by Duane Daws
Minister Lynne Brown is being asked to release details of the settlement

Fitch next to downgrade Eskom, Transnet to align with sovereign ratings

By: Natasha Odendaal     12th April 2017 South African State-owned Eskom and Transnet have also been downgraded by ratings agency Fitch to align with the recent downgrade of South Africa’s sovereign rating. Eskom’s long-term local currency issuer default rating (IDR) and the senior unsecured local currency rating have been downgraded... 

Solar body urges Energy Minister to provide revised PPA signing date 

By: Terence Creamer     11th April 2017 The South African Solar Photovoltaic Industry Association (Sapvia) expressed confidence on Tuesday that the latest delay in signing of power purchase agreements (PPAs) for 37 renewable-energy projects procured in 2015 would be “short-term” in nature. However, it urged newly appointed Energy... 

Solar body urges Energy Minister to provide revised PPA signing date

Renewables contracts will not be signed on April 11 

By: Terence Creamer     10th April 2017 The signing of power purchase agreements (PPAs) for the projects procured under the fourth bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) will not take place on April 11 as initially envisaged. The date had been set by former Energy Minister Tina... 

Renewables contracts will not be signed on April 11

Peters irrational when she removed PRASA board – court

By: News24Wire      10th April 2017 Former Minister of Transport Dipuo Peters acted irrationally in removing PRASA's board, the North Gauteng High Court in Pretoria ruled on Monday. Judge Peter Mabuse said in a scathing judgment that her decision was unreasonable and disproportionate and he set it aside. 

Peters irrational when she removed PRASA board – court

Fitch downgrade – Treasury acknowledges ‘setback’

By: African News Agency      7th April 2017 Fitch Ratings agency on Friday downgraded South Africa to junk status, citing the removal of Pravin Gordhan as finance minister. Fitch said President Jacob Zuma’s decision to fire Gordhan last week, was likely to see a change in economic policy. 

Fitch downgrade – Treasury acknowledges ‘setback’

Opinion: Renewables IPP programme an example of impeccable governance

7th April 2017 It is important to regularly pause, reflect and appreciate a job well conceived and well executed. Back in 2010, the South African government took the bold decision to create a legislative and practical environment in which the Department of Energy could procure power generated by private... 

Brenda Martin
Brenda Martin

Cesa backs Treasury in much-anticipated procurement standards overhaul

By: Simone Liedtke     7th April 2017 In its quest to mitigate the challenges that consulting engineers face, Consulting Engineers South Africa (Cesa) CEO Chris Campbell says Cesa has developed a healthy working relationship with the National Treasury. 

CHRIS CAMPBELL
Cesa aims to be the body which all consulting engineering companies consider as the home of consulting engineering in South Africa
CHRIS CAMPBELL Cesa aims to be the body which all consulting engineering companies consider as the home of consulting engineering in South Africa

‘Break down in relationship’ between Zuma, Gordhan led to axing

By: African News Agency      5th April 2017 President Jacob Zuma sacked Finance Minister Pravin Gordhan because their relationship had irretrievably broken down, the African National Congress (ANC) said on Wednesday. ANC secretary Gwede Mantashe said the ANC national working committee (NWC) accepted Zuma’s reason of the breakdown in... 

Jacob Zuma & Pravin Gordhan
Photo by Duane Daws
Jacob Zuma & Pravin Gordhan

‘No firm decisions’ on nuclear, Gigaba insists as he seeks to soothe post-junk anxieties

By: Terence Creamer     4th April 2017 Finance Minister Malusi Gigaba has reiterated South Africa’s stance that the proposed nuclear programme be implemented only at a “pace and scale” that is affordable and denied that any “firm decisions” had been made on the issue, besides Cabinet’s endorsement of a plan to add 9 600 MW of new... 

Finance Minister Malusi Gigaba
Finance Minister Malusi Gigaba

Localisation a key ‘policy tool’ for South Africa – Davies  

By: Anine Kilian     4th April 2017 Localisation is an important policy tool for industrial development in South Africa and will assist in growing the economy and the manufacturing sector, Trade and Industry Minister Dr Rob Davies said on Tuesday. Speaking at the 2017 Proudly South African Buy Local Summit, in Johannesburg, he... 

Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies discusses the importance of localisation in South Africa's industrialisation efforts. Video and editing: Nicholas Boyd.

SA downgrade communicated last week – Gigaba

By: African News Agency      4th April 2017 Finance Minister Malusi Gigaba on Tuesday said he was informed of Standard and Poor (S&P) Global’s decision to cut South Africa’s sovereign credit rating to junk status last week, on his first day as finance minister. “When I spoke on Saturday, I indicated that I had spoken to Moody’s and Fitch,... 

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

Zuma says SA remains committed to fiscal consolidation

By: African News Agency      4th April 2017 The South African government remains committed to fiscal consolidation, President Jacob Zuma said on Tuesday as calls for his resignation grew louder in the wake of Standard and Poor (S&P) Global downgrading the country to junk status. Zuma said he had instructed Finance Minister Malusi Gigaba to... 

President  Jacob Zuma
Photo by Duane Daws
President Jacob Zuma

Calls for Zuma’s head increase after S&P downgrades South Africa to junk status

By: African News Agency      4th April 2017 Pressure mounted on President Jacob Zuma to resign on Monday night as political parties laid South Africa’s downgrade to junk status by Standard and Poor’s (S&P) squarely at his feet. The country’s biggest opposition party, the Democratic Alliance (DA), described the downgrade as a vote of no... 

Calls for Zuma’s head increase after S&P downgrades South Africa to junk status

Economics now key driver of commercial rooftop solar adoption as supply stabilises - juwi

By: Terence Creamer     3rd April 2017 Renewable energy engineering, procurement and construction services group juwi Renewable Energies expects the commercial solar market in South Africa to undergo a significant shift in the coming months as independent power producers (IPPs) begin playing a more prominent role. CEO Greg Austin says... 

The rooftop solar photovoltaic facility at Growthpoint’s Brooklyn Mall
The rooftop solar photovoltaic facility at Growthpoint’s Brooklyn Mall

Handover meeting between Gordhan and Gigaba postponed

By: African News Agency      3rd April 2017 National Treasury on Monday announced that the handover meeting between outgoing Finance Minister Pravin Gordhan and incoming Minister Malusi Gigaba had been postponed. In a terse statement on Twitter, Treasury said the meeting was postponed to allow the South African Revenue Services (Sars) to... 

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