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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

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO

17th May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of Tau Morwe beyond May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12 months. 

‘Overwhelmingly positive’ response to pioneering renewable-energy bond

17th May 2019 Financial services group Nedbank reported an “overwhelmingly positive” market response on to its pioneering listing, on April 30, of a renewable-energy bond on the Green Bond Segment of the JSE. Nedbank became the first South African bank to list such an instrument on the bourse’s platform, which... 

Zambia sets sights on yet more solar as another 34 MW plant is connected

17th May 2019 The 34 MW Ngonye solar photovoltaic plant, in Zambia, has been connected to the country’s grid and has started operations. Once fully up and running, the facility is expected to produce about 70 GWh of electricity yearly and help the Southern African country diversify its power mix away from its... 

Time to engage

17th May 2019 The mood at the media conference hosted in February at the National Union of Mineworkers (NUM) 7 Rissik Street head office in downtown Johannesburg was beyond angry. President Joseph Montisetse reported that the union was “bitterly dismayed” at the decision of its former general-secretary,... 

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants

15th May 2019 Industry has reacted positively to revelations that Energy Minister Jeff Radebe has written to the National Energy Regulator of South Africa (Nersa) indicating that it should begin to license small-scale embedded generation (SSEG) projects with capacities of above 1 MW. Business Day reported on... 

Rescue practitioners expect proceeds of R709m from initial Group Five disposals

15th May 2019 Business rescue practitioners (BRPs) at construction firm Group Five reported on Wednesday that the disposal of stakes in three companies, together with sale of plant, assets and property, is expected to yield proceeds of R709-million. Group Five’s shares were suspended in March after the company... 

Global energy investment out of step with security of supply, climate needs

14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique

13th May 2019 South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has... 

Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis

10th May 2019 The Eskom Sustainability Task Team – which has already had its proposal for the unbundling of the utility into three separate units accepted by government – is now finalising an updated report for President Cyril Ramaphosa which will include a financial recovery plan for the State-owned entity.... 

Barloworld bullish on prospects for new black-owned property group

10th May 2019 Industrial group Barloworld is optimistic that qualifying black South Africans will respond positively to its offer to buy a maximum of 30% of the shares available in a new black-owned property company, called Khula Sizwe Property Holdings, being created as part of a larger R3.5-billion... 

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