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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

City Power offers one-time reprieve for meter-tampering customers

15th May 2017 Johannesburg’s City Power on Monday said customers who have illegally tampered with their electricity meters have an opportunity to claim amnesty and normalise their meters “no questions asked”, but only until June 30. Customers approaching City Power during the amnesty period to “register” the... 

Vodacom bolsters international portfolio with R35bn Safaricom stake buy

15th May 2017 The pending acquisition of a 35% stake in Kenya’s largest telecoms group Safaricom will secure JSE-listed Vodacom a high-growth market that is as large as all of its international subsidiaries combined. The R35-billion deal, expected to be concluded in August, presented South Africa’s largest... 

Vodacom eyes R35bn acquisition of 35% stake in Safaricom

15th May 2017 JSE-listed Vodacom, which reported steady growth for the financial year ended March 31, on Monday announced the acquisition of an indirect 34.94% stake in Kenya-based Safaricom for R34.6-billion. The transaction will result in Vodacom buying out 87.5% of Vodafone Kenya, which holds a 39.93% in... 

Busa backs economic transformation, commits to strategic partnerships

12th May 2017 Business Unity South Africa (Busa) on Friday endorsed government’s imperative to implement economic transformation following a “frank” and “encouraging” engagement with Finance Minister Malusi Gigaba and Deputy Finance Minister Sfiso Buthelezi. The organisation further committed to exploring... 

Afarak delivers ‘exceptional’ Q1 results

12th May 2017 LSE- and Nasdaq-listed Afarak Group has started the new financial year on a strong foot as the first quarter of the year delivered the highest quarterly gains in the company’s history. Afarak reported “significant” improvements on the back of higher ferrochrome prices and strengthening market... 

Eastplats to undertake further assessment work at Mareesburg

12th May 2017 A focused reassessment and additional work is targeted for the Mareesburg openpit project, in Limpopo, as dual-listed Eastern Platinum (Eastplats) takes a “fresh look” at its mineral properties during this year, with a view to advance available development opportunities. The company said on... 

Alecto’s Mowana now producing full-time

12th May 2017 Africa-focused gold and copper exploration and development company Alecto Minerals on Friday announced that its Mowana copper mine, in Botswana, has developed into a full-time copper production operation. Following the first blasts at the end of April, a successful trial period produced over 1... 

New CEO Nyati bullish on future of Altron

12th May 2017 As JSE-listed Altron successfully transitioned from a family-controlled and managed business to an independent management structure, newly appointed successor to Robbie Venter, CEO Mteto Nyati on Thursday promised to aggressively drive a strategy aimed at returning the company to its previous... 

Datatec FY earnings expected to drop on poor Westcon performance

11th May 2017 A worse-than-expected performance from subsidiary Westcon-Comstor has dragged the earnings of information and communication technology group Datatec for the year ended February 28. The JSE-listed group expects to report double-digit decreases in earnings for the period under review, with headline... 

Altron lifts FY earnings as it works to reposition itself

11th May 2017 Allied Electronics (Altron) on Thursday reported improvements in its full-year earnings for the year ended February 28, recovering somewhat from the battering it had experienced in recent years. Altron’s headline earnings a share shifted back into positive territory of 71c in the 2017 financial... 

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