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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

Exxaro eases BEE scheme replacement concerns

20th November 2017 Diversified miner Exxaro Resources on Monday moved to ease shareholder concerns over its new replacement black economic empowerment (BEE) scheme that will ultimately hold a 30% stake in the JSE-listed firm. Shareholders had queried the ultimate controller of K2016475450 (BEE SPV), the special... 

Glencore CFO to assist Katanga in strengthening its corporate governance

20th November 2017 JSE- and LSE-listed Glencore has nominated three directors, including its CFO Steve Kalmin, to serve on the board of subsidiary company, TSX-listed Katanga Mining. The three directors will work with Katanga’s independent directors to implement the required remediation measures to strengthen... 

Icasa publishes second draft of End-User and Subscriber Service Charter

17th November 2017 The Independent Communications Authority of South Africa (Icasa) has published a second draft of the End-User and Subscriber Service Charter regulations for public input. Interested stakeholders have until January 3 to submit their written comments, following which, Icasa will host public... 

Benin government requests MTN Benin CEO to leave the country

17th November 2017 The Benin government has ordered MTN Benin CEO Stephen Blewett to leave the country within seven days. Blewett, who has lived in the country since 2015, on Friday received official notification to exit the country by November 24 on the basis of his alleged engagement in “activities detrimental to... 

Eskom tariff hike a threat to mining jobs – CoM

17th November 2017 The Chamber of Mines (CoM) on Friday opposed State-owned power utility Eskom’s proposed 19.9% tariff increase application, stating that the increase would send South Africa into a vicious downward spiral of higher electricity prices, lower growth and lower electricity consumption. Presenting at... 

Arafak Q3 impacted by seasonal factors

17th November 2017 After delivering positive and robust first and second quarters, Nasdaq- and LSE-listed Afarak Group’s third quarter was hit by seasonal fluctuations. The group on Friday posted strong revenue growth on the back of higher ferrochrome prices and strong market fundamentals; however, profitability... 

Joburg’s anticorruption unit clamps down on corruption amounting to R16.2bn

17th November 2017 Corruption amounting to R16.2-billion across 2 469 cases, now under investigation, has been uncovered over the past year by the City of Johannesburg’s anticorruption crackdown. Since inception, the Group Forensic and Investigations Department had implemented measures to clamp down on fraud and... 

Business says Eskom tariff hike not justifiable

17th November 2017 State-owned power utility Eskom’s bid for above-inflation tariff increases is not justifiable nor sustainable in the current climate, Business Unity South Africa (Busa) said amid ongoing hearings into Eskom's application for a 19.9% hike from April 1. The pursuit of higher revenues without first... 

Smart policy key to unlocking private climate investment

17th November 2017 Smart policy reforms and innovative business models can unlock the trillions of dollars in private investment that is needed to ensure Africa meets its climate targets as agreed to in the landmark Paris Agreement. The private sector, boasting innovation, the financing and resources, is considered... 

M&R plans to hike stake in Bombela by end of this month

17th November 2017 JSE-listed Murray & Roberts (M&R) expects to wrap up the R405-million acquisition of an additional 17% stake in the Bombela Concession Company (BCC) by the end of November. In August, M&R secured a memorandum of understanding that would see the construction giant increase its effective... 

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