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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

Number of black industrialists supported by DTI scheme rises to 62

12th September 2017 The Department of Trade and Industry (DTI) reports that the number of Black Industrialist Scheme (BIS) beneficiaries has increased to 62 and that the incentive is well on its way to meeting its target of supporting 100 black industrialists by the end of the current fiscal year. Trade and Industry... 

Task team set up to address lack of adherence to local-content regulations

12th September 2017 Trade and Industry Minister Dr Rob Davies reports that a task team has been established to assess how to improve local-content enforcement across government departments and the State-owned companies (SoCs) in line with instruction notes issued by the National Treasury. The instruction notes... 

Free State micro-grid pilot offers new universal-access hope

12th September 2017 State-owned electricity utility Eskom is piloting a micro-grid system in a rural Free State town that may offer a solution to electrifying other remote areas, where the cost of connection to the national grid is currently prohibitive, due to a number of factors such as difficult terrain. The... 

Transnet says retrenchment reports are misleading and inaccurate

11th September 2017 State-owned freight logistics group Transnet has described as “misleading” and “inaccurate” reports that it has embarked on a retrenchment process. Some media reports have suggested that the utility may retrench up to 8 000 workers. However, in a statement Transnet said it was not contemplating... 

Eskom at a sustainability ‘tipping point’, business and labour warn

8th September 2017 Business and labour raised serious questions on Friday about the sustainability of State-owned electricity producer Eskom in light if its current governance failings, which were now undermining its financial health to the point where government could be force to assist the utility in meeting its... 

New finance scheme set up to support South African rail exports

8th September 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

New-look M&R seeking to acquire US construction capabilities

8th September 2017 Restructured engineering and construction group Murray & Roberts (M&R), which offers project lifecycle services in selected natural resources markets globally, is actively pursuing a US acquisition, which it hopes to consummate during the company’s 2018 financial year. CEO Henry Laas tells... 

Building a culture of accountability key priority for Group Five CEO

8th September 2017 Group Five CEO Themba Mosai has moved to assure shareholders that the new leadership at the embattled construction company is prioritising “accountability and consequence management” in light of a dismal 2017 performance, which saw the JSE-listed company report financial results that were far... 

Outgoing economic counsellor sees big ‘untapped’ US-SA economic potential

8th September 2017 The US Embassy’s outgoing Economic Counsellor, Laird Treiber, says there has been a steady stream of American investment into South Africa during his three-year tour and that, notwithstanding the current hiatus in investment activity, economic relations are poised to expand again, owing to the... 

Point of no return

8th September 2017 Hardly a day goes by when there isn’t a new and disturbing headline about governance, or the lack thereof, at one of South Africa’s State-owned companies (SOCs). To be sure, when historians reflect on the President Jacob Zuma-era, the ‘capture for looting’ of the country’s SOCs will be a major... 

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