Economy | State Companies

https://staging1.creamermedia.com/

Advertise on this page? Click Here to Learn More

State Companies News

TNPA christens two newly built launch boats

By: Tasneem Bulbulia 5th August 2024 Transnet National Ports Authority (TNPA) has christened two new launch boats, built by the Sandock Austral Shipyards (SAS) in Durban, and destined for the Port of Cape Town. This is part of TNPA’s move to fast-track its operational efficiency. →

Eskom releases names of transformer suppliers amid rising localisation pressures

By: Terence Creamer 5th August 2024 Eskom has released the names to Engineering News of the five transformer companies appointed to a panel of suppliers that will compete for upcoming contracts for a total of 101 large-scale transformers to be installed as part of the National Transmission Company South Africa’s (NTCSA’s)... →

Artificial demand creating ‘precarious’ scrap market conditions, commentator warns

By: Darren Parker 5th August 2024 South Africa's scrap metal sector is overinvested, international trade consultancy XA Global Trade Advisors director Donald Mackay says. "I think we've got a very weird situation, as scrap metal that doesn't really behave like any other product. As demand for any product rises until the supply... →

NTCSA to make own application to Nersa in bid to secure dedicated revenue to maintain and expand grid

By: Terence Creamer 2nd August 2024 National Transmission Company South Africa (NTCSA) interim CEO Segomoco Scheppers has confirmed that the newly operationalised entity is making an allowable revenue application to the regulator that is distinct from that of Eskom as it seeks to secure the finances it requires for its operations... →

Photo by Creamer Media Chief Photographer Donna Slater
NTCSA interim CEO Segomoco Scheppers

Joburg Council approves power, water turnaround strategies

By: Tasneem Bulbulia 2nd August 2024 The Johannesburg City Council this week approved the turnaround strategies for City Power Johannesburg and Johannesburg Water, as it aims to bolster essential municipal services across the city. The strategies will now be submitted to the National Treasury in compliance with regulatory requirements. →

An image showing the Joburg Water Diefontein wastewater treatment secondary clarifier

Photo by Creamer Media
Joburg Water Diefontein wastewater treatment secondary clarifier

JSE imposes censure, fine on Eskom for failure to comply with debt listing requirements

By: Tasneem Bulbulia 2nd August 2024 The JSE has imposed a public censure and a fine of R3-million on State-owned utility Eskom over its failure to comply timeously with stipulations of the debt listings requirements (DLRs). Eskom is listed on the JSE as an issuer of debt securities and, therefore, has a continuing obligation to... →

Photo by Bloomberg
The JSE has imposed a public censure and a fine of R3-million on State-owned utility Eskom

Infrastructure refurbishment investment alone could provide R100bn/y manufacturing stimulus

By: Darren Parker 31st July 2024 South Africa’s decaying water, electricity and logistics infrastructure presents a R100-billion a year repair and refurbishment investment opportunity that could provide much-needed stimulus for the declining manufacturing sector, Steel and Engineering Industries Federation of Southern Africa COO... →

Infrastructure refurbishment investment alone could provide R100bn/y manufacturing stimulus

Transnet says reforms advancing to enable third-party rail access

By: Terence Creamer 30th July 2024 State-owned freight logistics group Transnet reports that the vertical separation of its rail business is on track and that the operating models and organisational designs for the rail operating company and infrastructure manager respectively will be finalised in the first quarter of 2025. In an... →

New legislation good for business sentiment in South Africa – Mavuso

By: Schalk Burger 29th July 2024 The continuation of policy reform in South Africa is an important factor for investors and two recent pieces of legislation signed by President Cyril Ramaphosa, namely the Climate Change Act and the Public Procurement Act, are both important for business, says business organisation Business... →

A coal-fired power station owned by Eskom

Three Eskom contractors arrested for diesel theft at Kusile power station

By: Schalk Burger 26th July 2024 Three contractor employees of State-owned power utility Eskom were arrested for the theft of diesel to the value of R1 000 at the Kusile power station, in Mpumalanga, on July 23. The two mechanics and an excavator operator were discovered by an Eskom supervisor. While conducting routine visits... →

Give us more policing power and the right to run passenger rail, Cape Town asks GNU

By: Irma Venter 25th July 2024 The City of Cape Town’s top requests for the Government of National Unity (GNU) are for municipal police to have the powers to investigate crime; the devolvement of passenger rail to the city; the release of national mega-properties for affordable housing; the increase of social housing subsidies... →

Geordin Hill-Lewis

JRA taking action to rectify delays on Lilian Ngoyi street rehabilitation project

By: Tasneem Bulbulia 25th July 2024 The Johannesburg Roads Agency (JRA) says it is taking swift action to rectify the issues that have delayed the rehabilitation of Lilian Ngoyi street (formerly Bree street) in the Johannesburg central business district. The public has expressed concern about the delays in preparing the road and... →

An image showing the damage on Lillian Ngoyi street

The public has expressed concern about the delays in preparing the road and other infrastructure damaged in a July 2023 gas explosion

DPWI calls for reform of EPWP as unemployment rate remains high

By: Tasneem Bulbulia 25th July 2024 Public Works and Infrastructure Minister Dean Macpherson says ongoing protest action by hundreds of former Expanded Public Works Programme (EPWP) employees in eThekwini, KwaZulu-Natal, shows that the programme needs to be reformed to provide a sustainable pathway to permanent employment. “The... →

Public Works and Infrastructure Minister Dean Macpherson

Environment Minister, stakeholders welcome signing of Climate Change Act

By: Tasneem Bulbulia 24th July 2024 Forestry, Fisheries and the Environment Minister Dr Dion George and trade union UASA have welcomed the Climate Change Bill’s assent into law by President Cyril Ramaphosa on July 23. “The President’s signing of the Bill into law marks a significant milestone in our nation's commitment to... →

SOEs to report to line departments while reform unit oversees creation of Holdco

By: Terence Creamer 24th July 2024 The State-owned Enterprises (SOEs) that were previously under the stewardship of the Department of Public Enterprises (DPE) will report to their respective line departments in terms of policy and regulatory matters, President Cyril Ramaphosa told lawmakers on Wednesday. Replying to the debate on... →

President Cyril Ramaphosa

Port of Richards Bay moves to diversify beyond bulk exports while bolstering climate resilience

By: Terence Creamer 24th July 2024 The Port of Richards Bay, in KwaZulu-Natal, is progressing with planning for infrastructure and terminal investments aimed at consolidating its position as a bulk export hub for key minerals such as coal and chrome, while also diversifying its activities to include more containers, as well as the... →

The Port of Richards Bay, in KwaZulu-Natal

TFR boasts slight improvement but admits much work still to be done

By: Darren Parker 24th July 2024 Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the woods yet”, TFR north corridor acting managing executive Theo Johnson has said. “‘Slight improvement’ is... →

Eskom again moots 20 GW clean-energy build programme

By: Terence Creamer 23rd July 2024 Eskom will replace its declining coal capacity with clean-energy options in line with country policy and the Just Energy Transition, Eskom GM for primary energy Dan Mashigo told participants at a conference on coal and the energy transition. Speaking on behalf of Eskom CEO Dan Marokane, Mashigo... →

CTCT receives 15 new haulers as part of fleet replacement

By: Sabrina Jardim 23rd July 2024 The Cape Town Container Terminal (CTCT) has taken delivery of 15 new haulers, a portion of an expected consignment of 47 new haulers that is scheduled to reach the terminal at the end of this month. This follows the arrival of 10 haulers at the terminal last month. The CTCT says the haulers are... →

PCC, WWF welcome signing into law of Climate Change Bill

By: Tasneem Bulbulia 23rd July 2024 The Presidential Climate Commission (PCC) and the World Wide Fund for Nature (WWF) have welcomed the signing into law of the Climate Change Bill. The Presidency has announced that President Cyril Ramaphosa has signed into law the Climate Change Bill, which sets out a national climate change... →

PCC Commissioner and executive director Dr Crispian Olver

Macpherson echoes Ramaphosa’s call to turn country into a construction site

By: Tasneem Bulbulia 19th July 2024 Public Works and Infrastructure Minister Dean Macpherson has welcomed the announcement by President Cyril Ramaphosa that the national government intends to turn South Africa into a construction site through increased infrastructure investment, and support for Infrastructure South Africa (ISA) as... →

Photo by Creamer Media
Public Works and Infrastructure Minister Dean Macpherson

Economic growth a top priority for GNU

By: Creamer Media Reporter 19th July 2024 Engineering News editor Terence Creamer discusses the key themes of interest to business raised during President Cyril Ramaphosa's Opening of Parliament speech; the ongoing and new reforms that will be pursued by the Government of National Unity; and the immediate priorities from an economic... →

Economic growth a top priority for GNU

Eskom makes shock objection to issuance of trading licences

By: Terence Creamer 18th July 2024 Eskom has lodged a surprise objection to the issuance of licences to private traders in areas where its distribution entity currently holds a licence, arguing that the current rules of the National Energy Regulator of South Africa (Nersa) prohibit two or more licensees supplying the same area.... →

AfDB approves R18.85bn loan for Transnet's business recovery plan

By: Creamer Media Reporter 18th July 2024 The African Development Bank Group (AfDB) has approved an R18.85-billion, or $1-billion, corporate loan to South Africa's State-owned freight transport and logistics group Transnet for its recovery and growth plans. The 25-year loan is fully guaranteed by the government of South Africa. It will... →

Ramokgopa urges ‘timeous’ passage of Bill to usher in new SOE shareholder management model

By: Terence Creamer 18th July 2024 Minister in the Presidency of Planning, Monitoring, and Evaluation Maropene Ramokgopa, who has taken over the coordination of State-owned Enterprises (SOEs) that previously fell under the Department of Public Enterprises, has urged lawmakers to support the timeous processing of the National State... →

Minister in the Presidency of Planning, Monitoring, and Evaluation Maropene Ramokgopa

UIF to collaborate with govt organisations on employment initiative

By: Sabrina Jardim 17th July 2024 The Department of Employment and Labour is spearheading an initiative to combat unemployment in South Africa and, as part of this initiative, the Unemployment Insurance Fund (UIF) is planning to collaborate with various government institutions. The department says these partnerships are aimed at... →

Ngqura terminal takes delivery of new haulers to increase citrus loading rates

By: Sabrina Jardim 16th July 2024 As part of State-owned Transnet Port Terminal’s (TPT’s) focus on improved reliability and efficiency, the Ngqura Container Terminal (NCT) has taken delivery of 50 new haulers to increase citrus loading rates as mid-season approaches. TPT explains that haulers are key to moving containers within... →

Recent weather disasters highlight importance of funding, initiatives to address climate crisis – Ramaphosa

By: Tasneem Bulbulia 16th July 2024 As South Africa hosts the Climate Resilience Symposium this week at the Council for Scientific and Industrial Research, in Pretoria, the country’s vulnerability to the effects of climate change has already become evident, demonstrating the need to speed up and bolster initiatives to mitigate... →

President Cyril Ramaphosa

Nuclear Regulator grants Eskom permission to extend life of Koeberg Unit 1 to July 2044

By: Terence Creamer 15th July 2024 South Africa’s National Nuclear Regulator (NNR) board has approved a 20-year life extension for Koeberg Unit 1, but has deferred a decision on the nuclear power station’s Unit 2 until late 2025, owing to the fact that an assessment of the second reactor’s safety case is still ongoing. The... →

Koeberg nuclear power station

Security agency finalising assessment of govt’s cybersecurity

By: Sabrina Jardim 11th July 2024 Following a public statement by Public Works and Infrastructure Minister Dean Macpherson on July 10, reporting that R300-million had allegedly been siphoned off from the Department of Public Works and Infrastructure (DPWI) over a ten-year period through cybercrime, the State Security Agency (SSA)... →

Macpherson says at least R300m stolen from DPWI by cybercriminals over ten years

By: Sabrina Jardim 10th July 2024 Public Works and Infrastructure Minister Dean Macpherson has revealed in a July 10 media release that an investigation has determined that at least R300-million has been stolen from the Department of Public Works and Infrastructure (DPWI) by cybercriminals over a ten-year period. The latest... →

Eskom employee, service provider face fraud charges in court

By: Darren Parker 9th July 2024 An employee of State-owned Eskom and a service provider to the utility last week appeared in the Hendrina Magistrate Court, in Mpumalanga, on charges of fraud, with each granted bail of R30 000. It is alleged that, between January and April last year, the service provider supplied five valve... →

Transport conference outlines challenges, opportunities in necessary reskilling/upskilling

By: Tasneem Bulbulia 8th July 2024 South Africa’s transport industry is a significant contributor to the country’s gross domestic product; however, it is being impacted on by several factors, which necessitates the reskilling and upskilling of participants, to ensure the industry’s sustainability and improved performance moving... →

An image of Transport Minister Barbara Creecy

Photo by Creamer Media's Donna Slater
Transport Minister Barbara Creecy

Ivory Park capital development on track following oversight visit, CoJ says

By: Darren Parker 8th July 2024 City of Johannesburg (CoJ) Member of the Mayoral Committee (MMC) for Development Planning councillor Eunice Mgcina, along with Johannesburg Development Agency (JDA) CEO Themba Mathibe, conducted an oversight visit to two capital infrastructure projects in Ivory Park, Region A, last week. The aim... →

GNU Cabinet announcement gave business confidence a boost, says BLSA

By: Darren Parker 8th July 2024 Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has said that business confidence is growing on the back of the announcement of the new government of national unity (GNU) Cabinet. “Since its announcement a week ago, Cabinet has already brought new energy to... →

Photo by Creamer Media's Donna Slater
BLSA CEO Busi Mavuso

Eskom, Minister celebrate 100 days without loadshedding milestone

By: Schalk Burger 5th July 2024 State-owned power utility Eskom has achieved 100 consecutive days without loadshedding, which reflects the enhanced reliability and performance of its generation fleet. The continuous suspension of loadshedding has been achieved against a backdrop of a significant decrease in the use of... →

Photo by Creamer Media
Eskom CEO Dan Marokane

Ramaphosa to issue Gazette notice to clarify Presidency’s role in coordination of SOEs

By: Terence Creamer 4th July 2024 Minister in the Presidency Khumbudzo Ntshavheni has reaffirmed that the coordination of State-owned enterprises (SOEs) previously falling under the Department of Public Enterprises (DPE), which is to be closed, will be located in the Presidency during the process of implementing a new shareholder... →

Minister in the Presidency Khumbudzo Ntshavheni

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe