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R4bn may be removed from Eskom debt-relief for failure to meet EFC sale deadline
R4bn may be removed from Eskom debt-relief for failure to meet EFC sale deadline
21st February 2024 By: Terence Creamer

The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25... 


South African military is at war without helicopter-service deal
19th February 2024 By: Bloomberg

South Africa has deployed its troops into two wars without renewing a maintenance contract needed to keep its essential attack and transport helicopters flying. A so-called fixed-cost contract... 


Denel interim CEO Mike Kgobe
Denel shows off its products at global defence show in Saudi Arabia
5th February 2024 By: Schalk Burger

State-owned defence company Denel is showcasing several of its products in the fields of missile technology, air defence systems, precision guided munitions, artillery systems and unmanned aerial... 


Legislation
South Africa prepares Bill to form State-firm holding company
10th January 2024 By: Bloomberg

South Africa’s minister of public enterprises will soon introduce a bill in parliament to establish a government firm that will own and manage at least 13 of the country’s state-owned companies.... 


Priscillah Mabelane
Sasol’s Mabelane to head board at Eskom’s unbundled grid company, NTCSA
9th January 2024 By: Terence Creamer

The inaugural board of directors of the National Transmission Company of South Africa (NTCSA), which was announced by the Eskom board on Tuesday, will be chaired by Priscillah Mabelane, who is also... 


BLSA says SOE audits remain cause for concern this year
4th December 2023 By: Marleny Arnoldi

While national and provincial government has made strides in improving financial management, there is also a concerning increase in entities that simply do not complete audits, says Business... 


Finance Minister Enoch Godongwana
Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023 By: Terence Creamer

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


Auditor-General Tsakani Maluleke
'Absolutely no excuse': AG blasts major SOEs as just one gets clean audit
30th November 2023 By: News24Wire

Only one of South Africa's 19 major State-owned enterprises received a clean audit in the past year, Auditor-General Tsakani Maluleke has said. Maluleke on Wednesday tabled the audit outcomes for... 


A locomotive operated by TFR
Transnet urged to engage before presenting a R100bn bail-out ‘invoice’
1st November 2023 By: Terence Creamer

Finance Minister Enoch Godongwana has not “closed the door” on Transnet’s move to secure a reported R100-billion in balance-sheet support to assist with its recently released turnaround plan.... 


SOEs no longer sustainable, mandate must be reviewed – PSA
5th October 2023 By: Thabi Shomolekae

Trade union the Public Servants Association of South Africa on Thursday urged government to reduce wasteful expenditure at State-owned entities and appoint qualified, experienced and competent... 


Eskom Logo
Eskom, SAA and others miss deadline to finalise financial statements
4th October 2023 By: News24Wire

Four state-owned enterprises – Eskom, South African Airways, Denel, and Alexkor – as well as the UIF, the Compensation Fund, and the National Student Financial Aid Scheme have missed the deadline... 


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... 


The Denel T5-52
Denel reports its T5-52 mobile artillery piece achieved ranges above 60 km in demonstration
8th September 2023 By: Rebecca Campbell

State-owned defence industrial group Denel has reported that it has successfully demonstrated the long-range capabilities of its T5-52 truck-mounted gun/howitzer to eight international delegations... 


The advancements related to the modernisation of the attack helicopter are a key technology driver for the Denel Group
Denel, global firm advance Rooivalk modernisation plans
27th July 2023 By: Cameron Mackay

State-owned Denel’s Denel Aeronautics division and global defence and advanced electronics company Aselsan Elektronik Sanayi (Aselsan) have strengthened their strategic collaboration by signing a... 


Andile Africa, CEO of the Automotive Industry Development Centre
Andile Africa
21st July 2023 By: Martin Zhuwakinyu

This week we profile Andile Africa, CEO of the Automotive Industry Development Centre, which was established to develop and transform the automotive industry in South Africa into a globally... 


Magazine cover image
New space agency CEO outlines vision for stimulating local space industry
23rd June 2023 By: Rebecca Campbell

The South African National Space Agency’s (SANSA’s) recently appointed and third confirmed (as distinct from acting) CEO, Humbulani Mudau, is determined to use the solid “launch pad” created under... 


Magazine cover image
New space agency CEO outlines vision for stimulating local space industry
23rd June 2023 By: Rebecca Campbell

The South African National Space Agency’s (SANSA’s) recently appointed and third confirmed (as distinct from acting) CEO, Humbulani Mudau, is determined to use the solid “launch pad” created under... 


Themba Baloyi MD of Voith Turbo South Africa
Themba Baloyi
16th June 2023 By: Martin Zhuwakinyu

This week we profile Themba Baloyi, MD of Voith Turbo South Africa, which is engaged in the marketing, assembly, service and sales support of engineering products in mining and metals, paper, rail,... 


Embattled Denel moves to appoint key executives
14th June 2023 By: News24Wire

Denel, the State-owned armaments manufacturer whose primary mandate is to equip South Africa's armed forces, says it is appointing an executive team to lead the organisation and bolster its efforts... 


Scopa suspends meeting with Denel as board fails to show up
6th June 2023 By: Tasneem Bulbulia

The Standing Committee on Public Accounts (Scopa) has suspended its meeting with State-owned defence technology company Denel, which was scheduled for June 6, as the Denel board failed to appear.... 


Photo of Terence Creamer
Vital overhaul
2nd June 2023 By: Terence Creamer

One of the ironies about South Africa’s use of competitive bidding for just about all public procurement, from the purchase of office stationery to diesel locomotives, is that it hardly ever... 


Eskom building
Eskom to post record R21.2 billion loss for the last year
30th May 2023 By: News24Wire

Eskom made a whopping R21.2-billion loss over the past financial year, its largest ever, unaudited results disclosed by the National Treasury in Parliament showed. On Tuesday, the Treasury... 


Denel's Badger
Denel gives assurance about the continuance of its Badger armoured vehicle contract
23rd May 2023 By: Rebecca Campbell

State-owned defence industrial group Denel has assured that its contract to supply the South African National Defence Force (SANDF) with new-generation Badger infantry fighting vehicles is “not in... 


Defence and Military Veterans Minister Thandi Modise
Defence Minister reveals possible strategic industrial partnership with Brazil’s Embraer
23rd May 2023 By: Rebecca Campbell

Addressing Parliament’s Portfolio Committee on Defence and Military Veterans in Cape Town on Tuesday, Defence and Military Veterans Minister Thandi Modise stated, almost in passing, that she hoped... 


Image of railway tracks
PRASA New Rolling Stock Acquisition Programme, South Africa – update
19th May 2023 By: Sheila Barradas

Siemens Mobility has successfully completed the Gauteng resignalling project, which it has described as “the biggest signalling project in South African history”.  


Denel denies any involvement in supplying weapons to Russia
12th May 2023 By: News24Wire

As South Africa scrambles to deal with a diplomatic crisis brought on by US claims that the country sold arms to Russia, Rheinmetall Denel Munition (RDM) has vehemently denied any involvement in... 


Etienne de Villiers, divisional technical executive at John Thompson
Etienne de Villiers
5th May 2023

This week we profile Etienne de Villiers, the divisional technical executive at John Thompson, which designs, manufactures, builds and maintens industrial and utility boiler plant, and also... 


Western Cape Premier Alan Winde
Winde reaffirms province’s programme to free itself from loadshedding
27th April 2023 By: Rebecca Campbell

Western Cape Premier Alan Winde has reaffirmed his administration’s determination to rapidly reduce, and ultimately end, the impact of electricity loadshedding (scheduled rotating power cuts,... 


Rheinmetall Denel Munition is building a solar energy plant at its Somerset West facility
27th April 2023 By: Rebecca Campbell

The official groundbreaking ceremony for a 5.06 MWp capacity solar energy plant at the Rheinmetall Denel Munition (RDM) plant at Somerset West, in metropolitan Cape Town, was held late Wednesday... 


A rendering of the FlyH2 Dragonfly V commercial hydrogen-electric drone in flight.
Pursuing a future with green hydrogen aircraft
14th April 2023 By: Tracy Hancock

While Western Cape drone developer FlyH2 Aerospace is making headway with the development of its long endurance, remotely piloted aircraft system hydrogen-electric aircraft, the Dragonfly V, it is... 


President Cyril Ramaphosa at the fifth edition of the South African Investment Conference
Ramaphosa underlines commitment to energy and freight reforms as he unveils new R2tr investment target
13th April 2023 By: Terence Creamer

President Cyril Ramaphosa unveiled a new investment target of R2-trillion for the five-year period to 2028 at the fifth edition of the South African Investment Conference on Thursday, where he also... 


Photo Terence Creamer
As clear as mud
24th March 2023 By: Terence Creamer

The messages around the future governance of South Africa’s large and seriously underperforming State-owned Enterprises (SOEs) are incredibly mixed. On the one extreme is the message that these... 


Further engagement required to resolve concerns around Denel
17th March 2023 By: Tasneem Bulbulia

The Joint Standing Committee on Defence has called on State-owned Denel to meet with the South African National Defence Force (SANDF) command to thrash out concerns raised about the ability of the... 


President Cyril Ramaphosa
Public Enterprises Ministry to 'cease to exist' on formation of SOE holding company
9th March 2023 By: Terence Creamer

President Cyril Ramaphosa has confirmed that the position of Public Enterprises Minister and the Department of Public Enterprises (DPE) will “cease to exist” once a new holding company for... 


Parliament’s Defence Committee anxious about maintenance of SANDF equipment
3rd March 2023 By: Rebecca Campbell

Parliament’s Joint Standing Committee on Defence reported on Friday its concerns about the maintenance of the South African National Defence Force’s (SANDF’s) prime mission equipment (PME). In a... 


TFR's operations
Sanral, Transnet, Denel among SOEs to receive fiscal support in 2023/24
22nd February 2023 By: Marleny Arnoldi

As State-owned entities (SOEs) continue to rely on government bailouts and dominate the guarantee portfolio of the fiscus, Finance Minister Enoch Godongwana has announced conditional in-year... 


Committee welcomes proposal to declare loadshedding a state of disaster
2nd February 2023 By: Tasneem Bulbulia

The Portfolio Committee on Public Enterprises has welcomed the proposal to declare the ongoing loadshedding a state of national disaster to assist State-owned utility Eskom to manage the energy... 


Sereme Maphaka, CEO of Methano Group
Sereme Maphaka
16th December 2022 By: Martin Zhuwakinyu

This week we profile Sereme Maphaka, CEO of Methano Group, an engineering, procurement, construction and management company that is active in the mining, water, renewable energy, and industry sectors 


Rheinmetall to produce solar panels in South Africa
8th December 2022 By: Reuters

German industrial group Rheinmetall plans to build its first South African plant to produce photovoltaic (PV) panels for the power-deprived local market, a company executive told Reuters on... 


National Treasury acting director-general Ismail Momoniat
We can't let SOEs be 'zombies', says Treasury DG
4th November 2022 By: News24Wire

National Treasury acting director-general Ismail Momoniat said the medium-term budget made allocations to struggling parastatals to supplement infrastructure investment for growth, warning some... 


Denel assures South Africans that it will become a sustainable, valuable business
27th October 2022 By: Rebecca Campbell

State-owned defence industrial group Denel has given the assurance that it would use the funding granted to it by National Treasury, under the medium-term budget policy statement (MTBPS) released... 


Medium-term budget is positive - perhaps too positive, economists say
27th October 2022 By: News24Wire

On Wednesday, Finance Minister Enoch Godongwana was asked to describe the Medium-term Budget Policy Statement, and he responded with one word: "positive". Economists mostly agreed. They welcomed... 


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Weir Minerals Africa and Middle East

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