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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

AMSA insists R2.27bn empowerment deal meets highest governance standards

28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

Pandor questions issuance of nuclear RFP ahead of IRP agreement

27th September 2016 Science and Technology Minister Naledi Pandor revealed on Tuesday the Economic Cluster of Ministers would be deliberating on the next iteration of the Integrated Resource Plan (IRP) for electricity at its next meeting and questioned whether a nuclear request for proposals (RFP) could be released... 

Dramatic fall in trade growth should be ‘wake-up call’

27th September 2016 World trade will expand by only 1.7% in 2017, the slowest pace since the financial crisis of 2009, a new World Trade Organisation (WTO) report warns. The WTO has also lowered its trade-growth forecast for 2017 to between 1.8% and 3.1%, down from 3.6% previously. Director-general Roberto Azevêdo... 

Work under way to localise bimodal road-rail cargo technology

27th September 2016 A domestic homologation process has been initiated for an innovative American bimodal transport solution, which integrates long-distance rail with ‘first- and last-mile’ road legs to provide a door-to-door cargo service. The process began following the recent announcement that South African... 

Tender may be issued this year for further development of Constitution Hill

26th September 2016 The Gauteng Growth and Development Agency (GGDA) is hoping to release a request for proposals (RFP) before the end of 2016 for the further development of the Constitution Hill precinct, on the border of Hillbrow and Braamfontein, in Johannesburg. GGDA CEO Saki Zamxaka says various property... 

Futuregrowth lifts Land Bank lending freeze

26th September 2016 The Land Bank announced on Monday that Futuregrowth Asset Management had, with immediate effect, lifted a lending suspension controversially imposed on the bank, as well as five other State-owned companies (SoCs), on August 31. Besides the Land Bank, Futuregrowth also froze any new lending to the... 

Gearing to fall sharply once Lake Charles project starts, Sasol insists

23rd September 2016 Energy and chemicals group Sasol expects its capital expenditure (capex) to rise to R75-billion in 2017 and its balance sheet gearing to increase to between 25% and 35%, following the upward revision to the budget of the Lake Charles Chemical Project (LCCP), in the US, to $11-billion, from an... 

State ‘at war with itself’ undermining stability

23rd September 2016 Deputy President Cyril Ramaphosa stressed on Friday that government was deeply aware of the “disquiet” within society about the current divisions within government, which had created an impression of a State “at war against itself”. Addressing the twenty-first summit of the National Economic... 

Capital follows certainty, Cennergi warns amid IPP flux

23rd September 2016 South African independent power producer (IPP) Cennergi, which is a joint venture between Exxaro and Tata Power, warns of possible investor “flight” unless the prevailing uncertainty surrounding the future of IPPs in South Africa is urgently resolved. Speaking to Engineering News Online ahead of... 

Bank says release of updated IRP could ease IPP frustration

23rd September 2016 Banking group Investec, which has supported various renewable energy and peaking power projects in South Africa, including the Avon and Dedisa open cycle gas turbines that recently entered commercial operation, remains convinced that the country will continue with its independent power producer... 

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