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Public Enterprises
Eskom on its 2015/16 Annual Report and pressing matters
31 Aug 2016
Eskom’s earnings for the year were R32 billion – an increase of 37.4% from the previous year. The entity had cost savings of R17.5 billion from the implemented cost-cutting measures and this was achieved against the target of R13.4 billion. Eskom received a R23 billion equity injection from government and ...
Public Enterprises
Denel board on VR Laser Asia and suspension of its executives
11 May 2016
The meeting provided the Denel Board the opportunity to clarify certain matters that had been the subject of media speculation about the formation of Denel Asia and its joint venture partners. The suspensions of the former Chief Executive Officer, the Chief Financial Officer and the Company Secretary were discussed. The ...
Public Enterprises
Department of Public Enterprises, with Minister and Deputy Minister, on its 2016 Strategic & Annual Performance plans
6 Apr 2016
The Department of Public Enterprises (DPE) presented its Strategic Plan for 2016, after an introduction by the Minister. She stressed that the DPE was the government shareholder with responsibility of oversight for the State Owned Companies (SOCs) Eskom, Denel, SAFCOL, Alexkor, Transnet, South African Airways (SAA), and South African Express ...
Public Enterprises
Localisation: State Owned Companies role: dti briefing with DPE, Eskom & Transnet
16 Mar 2016
The Director General of the Department of Trade and Industry (dti) said Government’s localisation drive had been delayed by a lack of National Treasury approval for designations recommended by the dti. Government’s procurement budget is about R500bn a year and it has set a 75% target for local procurement. One ...
Public Enterprises
Eskom turnaround strategy and infrastructure build programme: progress report
9 Mar 2016
The CEO of Eskom, Mr Brian Molefe told the Portfolio Committee that Eskom does not expect to have to load shed for the rest of the summer, autumn and winter despite continuing with its rigorous maintenance programme. Eskom will increase its capital expenditure by 44% to R324 billion ($21 billion) ...
Public Enterprises
State Owned Companies reform: progress report by Department of Public Enterprises
2 Mar 2016
The Department of Public Enterprises gave an update on the progress in the reform the State Owned Companies (SOCs), highlighting the current state of the economy and its influence on policy choices for state ownership, progress on key indicators for the State Owned Companies (SOCs). Pursuing the developmental agenda is ...
Public Enterprises
Transnet on its 2014/15 Annual Report and financial statements
24 Feb 2016
Transnet briefed the Committee on its Annual Report for 2014/15. The presentation looked at its shareholder’s compact performance, financial results, capital investment, volumes and operations, human capital, sustainable development, governance and challenges. Transnet was pleased to report on positive trends in its earnings before tax, its safety record, broad based ...
Public Enterprises
South African Express Airways on 2014/15 Annual Report
17 Feb 2016
SA Express Airways said that it had trebled its turnover from just under R700 million ten years ago, to R2.6 billion in 2015. SA Express achieved 27 of 44 (61%) indicators. Between November 2014 and January 2015, the fuel prices had decreased considerably. However, crude prices had not decreased at ...
Public Enterprises
South African Forestry Company Ltd (Safcol) on its 2014/15 Annual Report
18 Nov 2015
The Safcol CEO noted in her briefing on the 2014/15 Annual Report, that three years ago the reports on Safcol were not good. However, Safcol was a company in transition and the board had come in at the right time. It had 18 plantations in South Africa and four in ...
Public Enterprises
Eskom on its 2014/15 Annual report
4 Nov 2015
Eskom 2014/15 Annual Report [awaited]
The Eskom briefing was led by Dr Ben Ngubane, Chairman of the Board, and by Mr Brian Molefe, Eskom’s Chief Executive Officer. The Board emphasised its commitment to re-energising Eskom and to creating growth and value for the shareholder and the nation. All previous “acting” ...