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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

Low-carbon economy scenarios project under way

3rd August 2018 Amid growing calls for South Africa’s transition to a low-carbon economy to be a just one, a project has been launched to map the possible socioeconomic and environmental scenarios for the transition. The initiative is being undertaken by the Mapungubwe Institute for Strategic Reflection... 

Eskom’s corporate strategy still a work in progress

3rd August 2018 Despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly R20-billion in irregular expenditure, warning of yet more financial difficulties ahead and acknowledging that its current business model is no longer sustainable, Eskom... 

Has anything changed?

3rd August 2018 It would arguably be easier for a novice cyclist to take on Tour de France’s fabled Alpe d'Huez ascent than for the new leadership at Eskom to restore credibility. Besides load-shedding and extreme tariff hikes, the State-owned utility’s reputation has been all but decimated by allegations... 

New twist in M&R battle as takeover body disallows further progress on Aveng tie-up

2nd August 2018 The protracted tussle for control of Murray & Roberts (M&R) took yet another turn this week, after the Takeover Special Committee (TSC) overturned a June decision by the Takeover Regulation Panel (TRP), allowing M&R to continue with preparations for a potential combination with Aveng, despite the... 

AMSA studies new Vanderbijl electric arc furnace as it moves to restart Vereeniging mill

1st August 2018 Steel producer ArcelorMittal South Africa (AMSA), which announced its first interim profit in six years and may be on track to deliver its first full year profit since 2010, has initiated a study for the construction of a new electric arc furnace (EAF) at its Vanderbijlpark mill and has also... 

IDC open to ‘all options’ for turning around Foskor as impairments surge

31st July 2018 The State-owned Industrial Development Corporation (IDC) reported a sharp rise in impairments during its 2018 financial year, which surged 178% to R2.7-billion, from R954-million in 2017. Impairments as a percentage of total financing also increased to R4.9-billion (R2.1-billion), or 17.4%, only... 

Infrastructure-focused firm moving to raise capital for next round of acquisitions

27th July 2018 JSE-listed investment holding company GAIA Infrastructure Capital is embarking on an investor roadshow in an effort to raise the capital it needs to acquire additional infrastructure assets with a combined value of R1.7-billion. The company, which invests in operating infrastructure assets in... 

Swiss energy storage startup breathing new life into SA battery invention

27th July 2018 A Swiss energy storage startup is moving to revive the Zebra battery, which was invented at the Council for Scientific and Industrial Research (CSIR), in Pretoria, in the 1980s and initially commercialised for use in electric vehicles (EVs) by, among others, Anglo American and Daimler. Located in... 

Tight & Loose?

27th July 2018 The national security veto included in the Competition Amendment Bill, tabled before Parliament last week, has attracted much attention and criticism. Economic Development Minister Ebrahim Patel argues that the veto is so tightly framed that it should pose no deterrent to potential foreign... 

Brics leaders commit to strengthen multilateral trading system amid ‘unprecedented challenges’

26th July 2018 Heads of State from Brazil, Russia, India, China and South Africa highlighted the benefits of multilateralism and cooperation for unlocking economic growth and development during the tenth Brics Summit, which took place in Johannesburg on Thursday. In the open session chaired by South Africa’s... 

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