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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

R16bn Swazilink rail project being prepared for release as a PPP

10th July 2017 Southern African railways utilities Transnet and Swaziland Railways have agreed to package the 146-km ‘Swazilink’ greenfield line between Lothair, in South Africa, and Sidvokodvo, in Swaziland, as a public-private partnership (PPP) and may release an international tender for a 20- to 25-year... 

Eskom has over recovered R7.6bn in renewables-related costs since 2014

7th July 2017 The affordability of South Africa’s growing fleet of renewable energy plants has been questioned on several occasions by Eskom and Public Enterprises Minister Lynne Brown also weighed in recently, telling Parliamentarians in late June that, while electricity arising from the renewables plants was... 

Profound policy implications

7th July 2017 A newly published academic paper offers something of a valuable signpost for African policymakers as they grapple with the problem of needing to add new electrical capacity at scale in a context of major global technological change – developments that will, undoubtedly, have material implications... 

Brown outlines top three priorities for interim board

7th July 2017 Public Enterprises Minister Lynne Brown has called on the new interim leadership of embattled power utility Eskom to give priority attention to addressing the management of contracts, conflicts of interest and the quality of coal being supplied to its power stations. Speaking following the Eskom... 

Avoiding post-Brexit trade interruption with South Africa is high commissioner’s top priority

7th July 2017 British High Commissioner to South Africa Nigel Casey says he is currently “very seized” with ensuring that measures are put in place “timeously” to guarantee no interruption in the trade relationship between the UK and South Africa when Britain leaves the European Union (EU) on March 29, 2019.... 

Busa outlines vision for deracialised economy as it admits transformation failings

7th July 2017 Business Unity South Africa (Busa) released its vision on Tuesday for accelerating the deracialisation of the South African economy, acknowledging that the pace and depth of transformation had been insufficient, to date, and that business needed to be more proactive in driving a “culture” of... 

IMF lists policy uncertainty, weak governance as key risks to South Africa’s growth outlook

6th July 2017 The International Monetary Fund (IMF) has highlighted the prospect of protracted economic policy uncertainty, together with a continued deterioration in perceptions over the quality of governance, as key risks to South Africa’s growth outlook. The IMF still expects South Africa to grow by 1% in... 

Eskom expects DFIs to form ‘backbone’ of capital-raising effort in coming three years

6th July 2017 State-owned power utility Eskom indicated that funding from development finance institutions (DFIs) is likely to form the backbone of its capital-raising effort over the coming five years, during which its debt is expected to peak at R500-billion. However, Eskom followed fellow State-owned... 

Nersa calls for comment on special pricing deal to unlock ferrosilicon production

4th July 2017 The National Energy Regulator of South Africa (Nersa) is calling for written comments on an application by Eskom to implement a two-year incentive pricing package that will enable the restart of ferrosilicon production in the Limpopo and Mpumalanga provinces. The regulator turned down an earlier... 

Transnet insists bond appetite remains as it again lowers capex forecast

3rd July 2017 State-owned logistics group Transnet has sought to refute reports that demand for its bonds had collapsed following the recent downgrades to South Africa’s credit rating, insisting that appetite for its bonds remains strong both domestically and internationally. CFO Garry Pita said the reports... 

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