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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

Arafak posts strong Q2 results

11th August 2017 Nasdaq- and LSE-listed Afarak Group has delivered another robust second quarter driven by continued higher ferrochrome prices and strong market fundamentals. This followed a positive start to the new financial year after Arafak achieved the highest quarterly gains in the company’s history during... 

Avesoro maintains positive Ebitda into Q2

11th August 2017 TSX- and Aim-listed Avesoro Resources has achieved positive earnings before interest, taxes, depreciation and amortisation (Ebitda) for the second consecutive quarter. Ebitda reached $900 000 for the quarter ended June 30, after the company achieved positive Ebitda for the first time during the... 

Gauteng faces R1.6tn infrastructure funding shortfall

11th August 2017 Gauteng needs R1.8-trillion over the next 15 years to deliver the infrastructure required to support the economic development of South Africa’s economic powerhouse, Gauteng Premier David Makhura said at the recent Gauteng Infrastructure Investment Conference. With some 412 infrastructure projects... 

Makhura wants province to lead the way in SA’s economic recovery

11th August 2017 With South Africa finding itself in a technical recession shrouded by sovereign downgrades, Gauteng, as the country’s economic engine, needs to step up and take the lead in paving the way for the country’s economic recovery. Gauteng Premier David Makhura, addressing delegates at the Gauteng... 

AECI teams up with US startup on bio-based plastic bottles project

11th August 2017 Specialty chemicals group AECI’s R65-million investment into US-based startup Origin Materials is expected to position the JSE-listed group as the preferred industrialisation and applications development partner, with access to Africa, in the renewable chemicals space. The investment was the... 

Nepad advocates centralised bankable project information hub

11th August 2017 The New Partnership for Africa's Development (Nepad) Infrastructure Project Preparation Facility (IPPF) is suggesting that a one-stop shop initiative – comprising a project hub and a help desk – be established to promote bankable projects in Africa, with the aim of increasing the accessibility of... 

FNB, DTI to collaborate on black-industrialist financing

11th August 2017 As the Department of Trade and Industry (DTI) marks some successes with its Black Industrialists Programme, the department and financial institution First National Bank (FNB) have inked a deal that will pave the way for improved access to finance for black industrialists. A collaborative pledge,... 

Gold-based ETFs shed 67 t in July

10th August 2017 Total holdings in gold-backed exchange-traded funds (ETFs) contracted 67.7 t month-on-month to 2 245 t, or 72.2-million ounces, in July, effectively reversing the gains made in the past few months. The value of the holdings fell 1% month-on-month to $91.5-billion in July, data published by the... 

Review trade agreements to put South Africa first, Mathunjwa suggests

10th August 2017 The Association of Mineworkers and Construction Union (AMCU) wants to have South Africa’s “unfavourable” trade agreements reviewed and potentially amended as the country struggles to industrialise and beneficiate, exacerbating the current jobs “bloodbath” in the mining sector. Speaking at a media... 

Helios Towers Tanzania acquires Zantel’s mainland tower portfolio

10th August 2017 Telecommunications infrastructure firm Helios Towers Tanzania (HTT) is acquiring all mainland unique telecoms tower sites from Zanzibar Telecom (Zantel) for an undisclosed amount. The acquisition will bring the Helios Towers Africa (HTA) subsidiary’s telecoms tower sites in Tanzania to around 3... 

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