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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

Logicalis to acquire majority stake in Packet Systems Indonesia

20th June 2017 JSE-listed Datatec has set its sight on another acquisition to integrate into its platform, this time that of a majority stake in information and communication technology (ICT) systems integrator and service company Packet Systems Indonesia (PSI). The ICT giant’s Logicalis subsidiary will acquire... 

Merchantec Q2 Index registers CEO confidence ‘crisis’

19th June 2017 Growth prospects for the second half of 2017 are looking slim as CEOs suffered a confidence “crisis” in the second quarter of the year. The latest Merchantec CEO Confidence Index shows that CEO confidence has been shaken by political instability, ratings downgrades, ineffective broad-based black... 

Blue Label seals amended binding Cell C recapitalisation agreements

19th June 2017 JSE-listed Blue Label Telecom’s implementation of its recapitalisation of mobile operator Cell C is scheduled for the first week of August as the final amended equity transaction agreements are signed. The amended binding Cell C recapitalisation agreements will see Blue Label narrow the mobile... 

Xtract secures mining contract agreement for Manica concession

19th June 2017 Aim-listed Xtract Resources’ wholly-owned subsidiary Explorator has concluded a mining contractor agreement that will result in the exploitation of alluvial gold deposits at its Manica mining concession, in Mozambique. Contract miners Omnia Mining and Moz Gold will have the exclusive right to... 

Wescoal FY17 performance hit by nonrecurring costs, BEE share dilution

19th June 2017 JSE-listed Wescoal expects to deliver double-digit decreases in reported headline earnings per share (HEPS) and earnings per share (EPS) for the year ended March 31. The company’s reported HEPS is anticipated to fall by 54% to 62% to between 10.4c and 12.4c apiece for the year under review,... 

Pallinghurst secures additional acceptance of Gemfields takeover

19th June 2017 As Johannesburg- and Bermuda-listed Pallinghurst Resources continues its takeover bid of 47%-owned coloured gemstones producer Gemfields, the group has secured acceptances totalling over 61.25% of the existing issued share capital of Gemfields. In addition to Pallinghurst’s own 47.09% stake, or... 

Eskom’s Medupi Unit 4 synchronised to the power grid

16th June 2017 State-owned power utility Eskom reported in early June that Unit 4 at the Medupi coal-fired power station project, in Limpopo, had been synchronised to the national power grid. This was the third of six units to come on stream and marked a key milestone towards the full commercial operation of... 

PMI recovers to 51.5 in May after April slump

16th June 2017 The Absa Purchasing Managers Index (PMI) bounced back above the neutral 50-point mark to 51.5 in May after having slumped to 44.7 in April. While the index recovered from most of April’s losses, the manufacturing PMIs needed to be seen in context of the “extremely negative sentiment” under which... 

Connecting the IoT evolution dots

16th June 2017 As technological disruption continues throughout the globe, the evolution of the Internet of Things (IoT) is expected to progress in three phases – connect, smart and autonomous – at least according to the vision mapped out by information and communication technology giant Intel. Speaking this... 

Sasol outlines challenges to meeting new air quality standards

16th June 2017 As Sasol works to transition its plant operations to meet the new air quality minimum emissions standards requirements, “credible, viable solutions” to its two biggest air quality challenges remain out of reach and the group plans to apply to have the compliance deadline postponed by five years.... 

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