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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

Eskom’s own survival at risk should big hikes be permitted, EIUG warns

5th February 2019 The Energy Intensive User Group (EIUG) has added its voice to the overwhelming chorus of societal opposition to Eskom’s latest tariff submission, warning on Tuesday that above-inflation hikes would have “immediate, catastrophic and irreversible” consequences for South Africa’s mining and... 

Busa calls for inflation-linked Eskom hikes until power market is restructured

4th February 2019 Business Unity South Africa (Busa) has urged the National Energy Regulator of South Africa (Nersa) to suspend its methodology for setting power tariffs and to grant Eskom only inflation-linked increases until the electricity supply industry has been restructured. In a presentation during Gauteng... 

Eskom warns of R20bn losses this year and next, even after big hikes

4th February 2019 State-owned electricity utility Eskom is warning that its loss for 2018/19 will be worse, at R20-billion, than the R15-billion loss it had projected earlier and that it will be followed by another big loss in 2019/20 even if it receives hikes it is currently seeking from the regulator. CFO Calib... 

Technical defects at Medupi and Kusile resulting in serious underperformance

1st February 2019 State-owned electricity producer Eskom has offered a sobering update on the difficulties it is having at its Medupi and Kusile coal projects, which are not only years behind schedule and significantly over budget, but are now also beset with technical defects that are resulting in a serious... 

Eskom revises tariff upwards as it unveils shock changes to Nersa submission

1st February 2019 Embattled electricity utility Eskom has made shock adjustments to its revenue application currently before the National Energy Regulator of South Africa (Nersa), which, if approved, would translate into tariff increases that are even higher than the 15% a year hikes sought in its initial... 

Gaping wound

1st February 2019 The World Bank’s latest South Africa Economic Update contains a fact box headlined ‘What is the state of human capital in South Africa?’ that is beyond disturbing. Drawing information form its recently unveiled Human Capital Index (HCI), the bank shows that South Africa’s education and health... 

Location a key discussion point as Saudi Aramco mulls SA refinery

1st February 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped after a meeting in mid-January with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty

1st February 2019 Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan (IRP) for electricity, despite persistent suggestions that National Economic Development and Labour Council (Nedlac) sign-off of the document is still... 

Transnet pursuing ‘just and equitable’ settlements with rail suppliers after contracts declared ‘unlawful’

1st February 2019 Having determined the procurement of 1 064 diesel and electric locomotives to be “irregular and unlawful”, Transnet has communicated its intention to review contracts awarded to four original equipment manufacturers (OEMs) in 2015. The State-owned freight logistics group has also indicated that... 

Ramaphosa identifies growth as the 'one goal' of his Presidency

29th January 2019 South African President Cyril Ramaphosa has identified higher economic growth as the overarching goal of his Presidency and has urged business leaders to partner with government to put in place the building blocks required for achieving growth rates of higher than 5%. South Africa dipped into a... 

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