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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 facing risks on several fronts, Maritz acknowledges

27th October 2017 Eskom’s newest interim group CEO Sean Maritz has acknowledged that the utility is facing threats on multiple fronts in light of rapid changes to the global electricity landscape and the constrained outlook for domestic electricity sales. However, in a statement calling for “space and time to... 

South Africa vulnerable to any sharp rise in global rates, World Bank warns

27th October 2017 A quicker and sharper-than-expected normalisation in interest rates in the US could trigger a reversal in capital flows to South Africa, the World Bank’s latest ‘Africa’s Pulse’ warns, adding that any sharp increase in global interest rates could also complicate debt dynamics for sub-Saharan... 

Sending right economic signals key to integration of distributed energy resources

27th October 2017 The transition from centralised electricity systems to ones that increasingly comprise both large-scale centralised resources and distributed energy resources (DERs) is under way globally. However, to successfully manage the shift will depend substantially on sending the right economic signals, a... 

Europe’s trade commissioner says trade deal potential not being fully realised

27th October 2017 European Commissioner for Trade Cecilia Malmström confirmed on Tuesday that she had communicated the European Union’s (EU’s) unhappiness over Eskom’s refusal to enter into contracts with renewable-energy independent power producers (IPPs), some of which are European, directly with the South... 

Going fission?

27th October 2017 We know for certain what President Jacob Zuma’s latest Cabinet reshuffle was not. It was not about South Africa, or about good governance. It was not about doing what is necessary to place the economy back on a growth trajectory. It was not about dealing with the triple scourge of poverty,... 

COMMENT: Eskom is indeed an ‘enormous risk’

26th October 2017 While there are very few positives to draw from Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS), his acknowledgement that Eskom poses an “enormous risk” to the entire economy is one. “Eskom exposes government to an enormous risk because of the size of its... 

Various State assets being identified for disposal as Gigaba drops deficit and debt bombshells

25th October 2017 Finance Minister Malusi Gigaba confirmed the worst in his maiden Medium-Term Budget Policy Statement (MTBPS), revealing serious fiscal slippages amid bail-outs of State-owned companies (SOCs), a worryingly sharp deterioration in revenue collections, a material downward revision to the country’s... 

Eskom a ‘risk to entire economy’, Gigaba says as he reaffirms unaffordability of nuclear

25th October 2017 As guarantor over a significant portion of Eskom’s debt, the prevailing governance problems at the State-owned utility were of “grave concern” and had become an “enormous risk” to government and the entire economy, Finance Minister Malusi Gigaba said on Wednesday. Delivering his first Medium-Term... 

Equity partner to be sought for State airlines as SAA gets another R10bn bail-out

25th October 2017 Finance Minister Malusi Gigaba says government will pronounce on a plan to consolidate the State’s aviation assets and bring in a strategic equity partner after he meets with the new board of South African Airways (SAA), which was unveiled on October 19. Delivering his maiden Medium-Term Budget... 

Africa in focus as Transnet sets R100bn revenue target for 2020

23rd October 2017 State-owned freight logistics group Transnet has set a target of becoming a R100-billion company by March 2020, with its business interests in the rest of Africa expected to contribute materially to the increase in revenues. In 2016/17, Transnet reported a 5.3% rise in revenue to R65.5-billion.... 

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