Star 2025-07-16

Eskom's announcement regarding the delay in the return to service of Koeberg Unit 1 has raised significant interest as the power utility confirmed the discovery of defects in the steam generator tubes. This critical setback extends the unit’s downtime by a month, but Eskom is insisting that the necessary repairs have been meticulously completed to adhere to the highest safety and quality standards. In a detailed update on Monday, Eskom disclosed that during scheduled eddy current inspections—a non-destructive testing method used to identify potential failures—defects were detected in four tubes out of several thousand inspected across two of Koeberg’s newly installed steam generators. Eskom’s head of generation, Bheki Nxumalo, assured the public that specialised international teams have collaborated with local experts to address these issues immediately. "Eskom immediately carried out…

Mzwandile Petros suspended over potential misconduct linked to R1 billion tender The Airports Company South Africa (Acsa) has temporarily suspended its Group Executive for Enterprise Security and Compliance, Mzwandile Petros, amid growing concerns over potential misconduct linked to a R1 billion tender for Smart Security screening equipment. The suspension, announced over the weekend, follows alarming allegations suggesting manipulation of the X-ray screening contract, which allegedly left the OR Tambo International Airport vulnerable without a tactical response team. Inside sources told Business Report that Petros was instrumental in the now backfiring decision made in March to termine contracts with all security providers, including Bidvest, Fidelity, Mafoko, Eagle Eye, Venus Securitas, and G4S in a bid to insource its security requirements by July, which failed due to lack of capacity and a…

Mining activity in South Africa rebounded slightly in May and ended a six-month streak of contraction, buoyed by a double-digit production expansion of iron ore. Data from Statistics South Africa (Stats SA) on Tuesday revealed that mining production rose by 0.2% year-on-year in May, rebounding slightly after a sharp 7.7% decline in April. Stats SA’s principal service statistician, Jean-Pierre Terblanche, said the rise was mainly driven by iron ore, which expanded by 12.5%, adding 1.7 percentage points to overall mining growth. The increase in platinum group metals (PGMs) output in May is more a base effect, following production disruptions in April. Moreover, gold, chromium ore, nickel and other metallic minerals added a further 0.8 of a percentage point (combined) to the headline number. “Nickel, diamonds, chromium ore, cobalt, and gold…

The Deputy Minister for Communications and Digital Technologies, Mondli Gungubele, has advocated for an independent system to review the National Treasury's decisions regarding urgent funding requirements. This call to action follows the controversial rejection by Treasury of a R3.8 billion proposed rescue package intended for the beleaguered South African Post Office (Sapo), which Gungubele on Tuesday argued had successfully navigated the business rescue process. "I wish there would be an independent system that scrutinises that. In our view, with all the calculations we have made, if we were to talk about cost-benefit analysis, had that R3.8bn been paid, a lot would have been saved rather than lost," Gungubele told the Parliament's Standing Committee on Public Accounts on Tuesday. "But it is the thing of Treasury. I am saying I wish…

The Green Connection, a South African non-profit organisation focused on environmental and social justice, said on Tuesday it notes with deep concern and surprise the recent approval of the Environmental Impact Assessment (EIA) for Shell’s proposed Northern Cape Ultra Deep (NCUD) oil and gas exploration project. Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa's west coast, the company said on Friday, Reuters reported. The oil major applied for authorisation last year and plans to drill exploration or appraisal wells in the Northern Cape Ultra Deep Block in the Orange Basin, at water depths ranging between 2 500 metres and 3 200 metres. Block NCUD is located off the West Coast of South Africa, roughly between Port Nolloth and Saldanha Bay. This approval…

Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world's most populous country, as Elon Musk's electric vehicle company seeks new customers amid sagging sales in the United States and Europe. The store opened its doors in India's financial capital Mumbai to select visitors after its inauguration by Maharashtra state's chief minister Devendra Fadnavis. The company - which is targeting a niche but quickly growing electric vehicle market in India - said that it was currently offering its Model Y car in India and would look to start rolling out deliveries of a cheaper variant later this quarter. "This is the first launch of Tesla in India. It marks a huge milestone for Tesla globally," said Isabel Fan, the company's senior regional director, adding that…