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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

Impact of Africa on South Africa’s economic performance being ‘underestimated’

24th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

JSE-listed infrastructure fund seeks capital for next acquisitions

24th March 2017 JSE-listed infrastructure investment holding company GAIA Infrastructure Capital has appetite for further funds for investments into energy, transport, as well as water and sanitation assets. CEO Prudence Lebina tells Engineering News Online that the company, which invests only in operational... 

AFD sets aside €1.3bn to support high social impact SA projects

24th March 2017 French development financier Agence Française de Développement (AFD) expects to disburse €1.3-billion in funding support to South African projects in the coming five years as part of a newly approved operational strategy for the country. AFD says the funding will take the form of nonsovereign... 

Outgoing High Commissioner sees better post-Brexit trade deal for SA

24th March 2017 Outgoing British High Commissioner to South Africa Dame Judith Macgregor says there will be no “cliff edge” in the trade and investment relationship between the UK and South Africa when Britain leaves the European Union (EU), arguing that there is even potential to strengthen the relationship... 

Ratings ‘pressure point’

24th March 2017 While much of 2016 was dedicated to junk avoidance, the risk of a downgrade persists, with both Fitch Ratings and S&P Global to decide this year whether to designate the country as ‘stable’, or to downgrade it to junk. South Africa’s unstable political climate, together with the country’s poor... 

EIUG supports Eskom plan for new pricing deals with power-intensive firms

22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... 

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens

22nd March 2017 S&P Global Ratings has sustained a negative outlook on Eskom after affirming its 'BB-' sub-investment-grade rating this week, pointing to the State-owned electricity utility’s weakening liquidity position as a result of a “lower-than-expected” tariff increase for 2017/18. On February 23, the... 

South Africa asks World Bank to review ease-of-doing-business position in light of InvestSA initiative

17th March 2017 The South African government has officially launched a new investment facilitation service, dubbed InvestSA, which it claims will dramatically reduce red tape for foreign and domestic businesses seeking to pursue greenfield or brownfield projects in the country. The service, which has both... 

New steel duties a sign of SA’s emerging ‘value-chain’ approach to protection

17th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

Investor in UK solar assets plans secondary listing on JSE from April

17th March 2017 A London Stock Exchange-listed investor in UK ground-based solar photovoltaic (PV) plants, Foresight Solar Fund, has announced its intention to pursue a secondary listing on the JSE through a private placement with institutional South African investors. The listing is expected to raise... 

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