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Megan van Wyngaardt

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Eskom needs to lose top-down approach – Rossouw

24th March 2015 Power utility Eskom needs to change its structure from a top-down approach, to a bottom-up strategy, as the former was creating “enormous problems”. Speaking at the Power & Electricity World Africa 2015 conference, in Johannesburg, Eskom adviser and thought leader Mike Rossouw noted that, with a... 

Growthpoint, Attacq enter R2.4m growth agreement

23rd March 2015 JSE-listed Growthpoint Properties reported on Monday that its Property Point division had teamed up with South African capital growth property firm Attacq to further its business incubation programme. Through the agreement, Property Point would manage Attacq’s enterprise development programme,... 

Bauba positions itself for future growth

23rd March 2015 Although it recorded a loss of R600 000 for the six months ended December 31, JSE-listed Bauba Platinum has successfully completed a number of milestones that will provide it with a strong platform to meet its growth ambitions in future. In the six months to December, the company’s operating... 

Sappi completes refinancing transactions

23rd March 2015 South African paper and pulp producer Sappi has closed the offering of €450-million senior secured notes, due 2022, by its subsidiary Sappi Papier Holding (SPH). The net proceeds from this offering, which held a coupon of 3.375% a year – together with cash on hand and drawings under Sappi’s... 

Schneider Electric releases survey results on counterfeit electrical goods

23rd March 2015 International energy management specialist Schneider Electric’s first-ever Survey on Electrical Counterfeiting in Africa has shown that cables, switches and breakers used on the continent were the electrical products that were most likely counterfeit. The survey, which was conducted in eleven... 

Centamin feels lower gold price impact despite lift in FY output

23rd March 2015 Despite a 6% year-on-year increase in gold production to 377 261 oz, LSE- and TSX-listed miner Centamin’s earnings before interest, taxes, depreciation and amortisation for the 2014 financial year dropped by 29%, to $165.4-million, owing to a lower gold price. In the year under review, the... 

Zijin Mining acquires 9.9% stake in Ivanhoe Mines

23rd March 2015 TSX-listed miner Ivanhoe Mines has entered into a $82-million deal with Chinese Zijin Mining Group to boost the miner’s working capital and available funds for general corporate purposes, including the advancement of the company’s projects in Africa. Under the terms of the deal, the Chinese... 

NUM calls for Tsotsi axing

23rd March 2015 The National Union of Mineworkers (NUM) on Monday called on Public Enterprises Minister Lynne Brown to fire electricity utility Eskom’s chairperson Zola Tsotsi, as the majority of the board “wants him out”. The NUM cited media reports, alleging that Tsotsi was interfering in operational matters... 

VinPro reports ‘exceptional’ 2015 wine harvest

20th March 2015 While the 2015 South African wine grape harvest showed great promise, and domestic wine sales were at the highest level in 20 years, exports and wine producers’ and cellars’ profitability remained challenging. Speaking at the Wine and Fruit Industry Update, at De Grendel Wine Estate, near Cape... 

Sun International moves to acquire Peermont in R9.43bn deal

20th March 2015 JSE-listed resort hotel group Sun International plans to acquire gaming and hotel company Peermont Group, which owns Emperors Palace, in Gauteng, and Graceland, in Mpumalanga, for about R9.43-billion, as it seeks new growth opportunities. Sun International on Friday said it would acquire 100% of... 

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