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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

DTI moving to iron out local-content frustrations around Transnet contracts

24th May 2016 The Department of Trade and Industry (DTI) has confirmed that it is “concerned” about whether all four of the original equipment manufacturers (OEMs) that have been awarded parts of a R50-billion contract to supply 1 064 electricity and diesel locomotives to Transnet will meet the minimum... 

S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns

23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... 

To regain FDI ranking, South Africa must ‘rebuild trust’ with investors

20th May 2016 South Africa’s absence – for the second year running – from the top 25 countries listed in AT Kearney’s annual foreign direct investment (FDI) confidence index is suggestive of heightened investor concern about perceived political, policy and regulatory instability. Africa region head Wim... 

Post-2020 automotive master plan and incentives overhaul in latest Ipap

20th May 2016 Trade and Industry Minister Dr Rob Davies confirmed the establishment this month of a team of technical experts to develop a “post-2020 Automotive Master Plan”, which would guide support for the sector beyond the current Automotive Production and Development Plan (APDP). Speaking during the... 

Westinghouse outlines to ConCourt why it should be awarded Koeberg contract

20th May 2016 Nuclear vendor Westinghouse has described as “alarmist” Eskom’s argument that the existing steam generators at Koeberg would pose a safety threat after 2018, arguing in an affidavit filed with the Constitutional Court that it is able to install replacement steam generators well before the end of... 

Competitiveness, not protection, should form basis of steel’s survival – Patel

20th May 2016 Amid calls by ArcelorMittal South Africa (AMSA) for safeguard duties in addition to the 10% protection already introduced on a range of steel products entering South Africa, Economic Development Minister Ebrahim Patel has emphasised government's desire for the survival of the sector to be... 

Free State set to emerge as new helium hub

20th May 2016 A contract signed this month between alternative energy company Renergen, JSE-listed Afrox and The Linde Group, of Germany, is expected to open the way for a €13-million investment into the commercialisation of a Free State natural gas resource and the creation of a large-scale helium separation... 

Eskom claims ‘steady’ recovery in plant availability, far lower OCGT use

20th May 2016 State-owned electricity utility Eskom this week claimed that there had been a steady improvement in the energy availability factor (EAF) at its power stations, reporting “preliminary figures” indicating an EAF of 76.37% from the start of its financial year to May 3, 2016. The group’s financial... 

Growth is a thirsty business

20th May 2016 There are many issues currently confronting South Africa. However two of the biggest are, undoubtedly, the effects of the worst drought in decades and the country's weak growth performance. Both are deepening the so-called triple scourge of poverty, unemployment and inequality. A newly released... 

Transnet Engineering targets big rise in third-party orders as OEM strategy evolves

19th May 2016 The engineering unit of State-owned Transnet has set a target of securing 40% of its revenue from third-party orders by 2021, which would represent a material increase from current levels of around 12%. The bulk of Transnet Engineering’s R10-billion in yearly revenues is currently derived from... 

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