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Terence Creamer

Terence Creamer

Terence Creamer is the Editor of Engineering News and a Deputy Editor for Mining Weekly.

He also has editorial responsibility for Polity.org.za and Creamer Media's Research Channel Africa.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Aveng Strabag Joint Venture to appeal ruling on calling of Mtentu bridge bonds

22nd March 2019 The Aveng Strabag Joint Venture (ASJV) reported on Friday that it would appeal the dismissal of an urgent application, lodged by the ASJV in February, seeking to prevent the South African National Roads Agency Limited (Sanral) from making a call on the bonds relating to the Mtentu bridge... 

Death spiral warnings as regulator sanctions 13.8% Eskom tariff hike

22nd March 2019 South Africa’s Energy Regulator has granted Eskom allowable revenue of R206.38-billion for 2019/20, which will translate into a tariff increase of 9.41% from April 1, exclusive of the 4.41% hike sanctioned following an adjudication, in 2018, of three Eskom regulatory clearing account (RCA)... 

SABS to invest R300m in laboratory infrastructure as part of turnaround

22nd March 2019 The South African Bureau of Standards (SABS), which is currently in administration, has initiated a process of renewing its laboratory infrastructure as part of a broader turnaround plan under way at the organisation. The SABS was placed in administration by Trade and Industry Minister Dr Rob... 

R5.7bn transfer made to prevent Sanral default, says Nzimande

22nd March 2019 Transport Minister Blade Nzimande says the decision to transfer R5.7-billion from the non-toll network to the South African National Roads Agency’s (Sanral’s) toll network was made in order to ensure that the roads agency did not default on its payments to investors. “Even though the non-payment... 

Extraordinary Change

22nd March 2019 Some major changes are under way on both the supply and the demand sides of the global oil market. On the demand side, petrochemicals and jet fuel have emerged as key drivers of oil growth, as gasoline demand slows as a result of efficiency gains and the rise of electric cars. The International... 

Boiler-tube leaks playing big role in rise of unplanned losses to over 12 000 MW

20th March 2019 State-owned electricity producer Eskom has confirmed that boiler-tube leaks are significant contributor to unplanned losses of more than 12 000 MW across its coal fleet. The underperformance of the coal fleet, including those units in commercial operation at the Medupi and Kusile projects, is... 

Eskom to seek special procurement dispensation to help it address ‘crisis’

19th March 2019 Crisis-ridden power utility Eskom is approaching the Auditor-General and the National Treasury to seek approval for a special procurement dispensation that will allow it to accelerate the purchase of critical goods and services required to address ongoing breakdowns of its coal fleet. The... 

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth

18th March 2019 The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Minister in the Presidency Dr Nkosazana Dlamini-Zuma... 

S&P revises Eskom outlook to stable in wake of government’s R23bn-a-year pledge

15th March 2019 Credit ratings agency S&P Global Ratings has revised its outlook on Eskom to stable from negative, following Finance Minister Tito Mboweni’s announcement of R23-billion a year of additional funding to the debt-laden State-owned electricity utility. The ratings agency affirmed its 'CCC+' and 'zaB'... 

Grinaker-LTA to be sold in parts rather than as a whole

15th March 2019 JSE-listed construction and engineering group Aveng says the disposal process for Grinaker-LTA is well advanced, but has also confirmed that the company will not be sold as a single going concern. The R95-million sale of Aveng Water has already been agreed and newly appointed CEO Sean Flanagan... 

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