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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Bauba to recover R15m debt through resale

22nd July 2016 JSE-listed Bauba Platinum on Friday said an agreement had been reached that will see the company recoup R15-million of debt previously thought to be unrecoverable through the resale of recovered product. The debt owed by an undisclosed party had followed the delivery of 20 000 t of chrome ore... 

Weatherly Q4 output drops on higher-than-expected groundwater inflows

22nd July 2016 Increased groundwater inflow rates have hampered production at the Tschudi openpit copper mine, in Namibia, in the quarter ended June 30. Aim-listed Weatherly International on Friday said the groundwater inflow rates had surpassed the levels forecast in the operation’s bankable feasibility study,... 

Former mineworkers owed billions of rands

22nd July 2016 A substantial sum – between R7-billion and R10-billion – of an estimated R30-billion in unclaimed benefits is believed to be due to South Africa’s former mineworkers. The Department of Mineral Resources (DMR) is working to deliver a single compensation legislation by March and an integrated... 

Disrupted to become disruptors in fourth industrial revolution

22nd July 2016 The fourth industrial revolution – the “digital era” – is set to change the pace of adaptation, in line with Moore’s Law, or result in companies being left out in the cold. The exponential growth of the fourth industrial revolution and the rapid transitional momentum that was under way, would... 

Shanghai, Ncondezi sign shareholders agreement for Moz power plant

22nd July 2016 Chinese energy company Shanghai Electric Power (SEP) and Ncondezi Energy this week signed a shareholders agreement term-sheet in Maputo, Mozambique, marking a significant step towards the completion of the joint development agreement for the planned 300 MW Ncondezi coal-fired power project, in... 

South Africans tend to avoid inconvenience associated with cybersecurity

22nd July 2016 More than 8.8-million South Africans fell victim to some form of cybercrime over the last year, but it remained “too much of a hassle” to implement security measures, a new report by security software provider Norton by Symantec has revealed. The Norton Cybersecurity Insights Report showed that... 

South Africa needs a ‘re-engineered approach’ to growth

22nd July 2016 Adjusting South Africa’s monetary policy would not be enough to dig the nation out of its economic slump, and the country’s economy would need to be re-engineered, said National Treasury director-general Lungisa Fuzile on Tuesday. Speaking at the Economic Outlook Updates and Mid-Year Review, at... 

South Africa’s ‘messy’ political state hampering economic growth

22nd July 2016 South Africa’s “messy” political landscape is not aiding the country’s economic growth ambitions, Centre for Politics and Research executive director Prince Mashele said on Tuesday. “We are in a mess politically,” he told delegates at a Gordon Institute of Business (GIBS) discussion, pointing out... 

Companies not leveraging tech to fight fraud

22nd July 2016 Technology, along with weak internal controls, has become an enabler for fraudulent activity, however, companies were not doing enough to fight back with technology, a new report by advisory firm KMPG has found. Some 24% of the 750 fraudsters across 81 countries currently under forensic... 

Illicit flows could have funded Africa’s development

21st July 2016 Africa would not have needed any financial assistance if illicit financial flows had remained on the continent, economic research firm Trade and Industrial Policy Strategies, or Tips, executive director Saul Levin said on Thursday. Africa had lost about $854-billion to illicit financial flows... 

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