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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Q3 ferrochrome price settles at 110c/lb – Merafe

23rd June 2017 JSE-listed Merafe Resources on Friday announced a decrease in the third quarter ferrochrome price. The European benchmark ferrochrome price decreased 28.6% from 154c/lb for the second quarter to 110c/lb for the third quarter. 

Significant blue economy progress being made in SA

23rd June 2017 The prospect for a vibrant sustainable blue economy was on South Africa’s doorstep, and the country’s Operations Phakisa oceans economy plans have progressed considerably, Environmental Affairs Minister Dr Edna Molewa said on Wednesday. To date, Operation Phakisa has stimulated some R17.7-billion... 

FNB launches latest solution in app series

23rd June 2017 Banking giant FNB on Wednesday unveiled the latest addition to its mobile banking application, the nav» Car, developed in conjunction with WesBank, in the next chapter of the group’s ambition of building a seamless digital banking ecosystem aimed at making things easier for the customer.... 

Forensic technology solution tackling fraud, KPMG asserts

23rd June 2017 Forensic technology is increasingly becoming the solution to combatting fraud; however, there is a need to ensure the proper measures are in place and to engage with reputable service providers that can render credible and sustainable technology solutions, KPMG argues. Further, companies equipped... 

Datatec sells Westcon to US based Synnex in $830m deal

23rd June 2017 Dual-listed Datatec has sold 100% of its technology distribution division Westcon-Comstor North America and Latin America operations and 10% of Westcon International to NYSE-listed Synnex for $800-million and $30-million respectively. The aggregate $830-million consideration comprises payment of... 

Maile’s 2017 budget to focus on jobs

22nd June 2017 Gauteng will continue its focus on intervening decisively to resolve the bottlenecks facing various industry sectors to save and create jobs at a time when the unemployment rate in the province remains high. Economic Development and Agriculture and Rural Development MEC Lebogang Maile on Thursday... 

Resgen draws down Noble facility, progresses funding talks

21st June 2017 JSE- and ASX-listed Resource Generation (Resgen) has confirmed the payment of $2.74-million through its second drawdown under the extended facility agreement with Noble Resources International, while work continues to secure project funding. In March, Resgen obtained an extension of its... 

Ansys outperforms in tough FY17

21st June 2017 AltX-listed Ansys celebrated a successful turnaround, its thirtieth year in operation and its tenth year as a listed company with a surge in earnings in what CEO Teddy Daka described as an exceptional 12 months to March 31. The technology-based solutions company had registered a second... 

BEE Advisory Council mulls various new radical socioeconomic transformation proposals

20th June 2017 The Black Economic Empowerment Advisory Council (BEEAC) on Tuesday convened a special meeting in Pretoria to unpack new proposals, that emerged from a prior meeting, to accelerate the council’s mandate and pursue radical socioeconomic transformation. The workshop, convened by President Jacob... 

Trans-Siberian Gold secures $15m debt refinancing

20th June 2017 Trans-Siberian Gold (TSG) subsidiary ZAO Trevozhnoye Zarevo (TZ) has secured a five-year $15-million facility to repay two existing loan facilities amounting to $14.8-million and provide additional funds for working capital and other corporate purposes. TZ entered into the agreement with VTB... 

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