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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Nautilus completes $2-million private placement

7th August 2017 TSX-listed Nautilus Minerals has closed its $2-million private placement under a subscription agreement with Mawarid Offshore Mining and Metalloinvest. The company issued an aggregate of 11.76-million common shares at an issue price of C$0.21 a share. 

New committee set up to accelerate digital migration

7th August 2017 With another new deadline set for South Africa’s long-awaited migration from analogue to digital terrestrial television (DTT), Communications Minister Ayanda Dlodlo has set up an advisory committee to accelerate the project. In line with this, she has engaged key stakeholders, including... 

Merafe cuts net debt by 50% in H1

7th August 2017 JSE-listed Merafe Resources has ended the first six months of this year on a stronger financial basis after reducing its net debt by 49% to R207.8-million, from R409.3-million in the six months to December 2016. During the six months under review, Merafe continued to repay the bulk of its head... 

Blue Label concludes Cell C recapitalisation

7th August 2017 JSE-listed Blue Label Telecoms has wrapped up the R5.5-billion recapitalisation of mobile operator Cell C, taking a 45% ownership, through subsidiary The Prepaid Company, of issued share capital of Cell C more than a year after first initiating the deal. In an update to shareholders on Monday,... 

South Africa had a ‘slow slide’ into junk status – S&P’s

4th August 2017 South Africa’s slump from “rising star” to “fallen angel” was not an abrupt overnight downfall, but rather a slow slide following the country’s failure to fully recover from the devastating 2008/9 global crisis. Despite the turmoil, the country had held on to its investment grade ratings for over... 

Hulisani invests in wind tower producer

4th August 2017 JSE-listed Hulisani has structured an investment path into wind towers producer GRI Wind Steel South Africa through a R82.5-million deal, marking Hulisani’s move “down the renewable-energy value chain”. The investment holding company provided preference share funding to Pele Green Energy (PGE)... 

Africa needs to look beyond traditional models to improve electricity access

4th August 2017 Emerging from the closing panel at the PowerGen Africa conference is a strong new message – a different approach is needed to unlock 100% electricity access across Africa. There was no more time for discussions, no more time for political ramblings and no more time to rely on the traditional... 

Nuclear is not just about energy, says Niasa MD

4th August 2017 South Africa’s controversial nuclear energy plans have overwhelmingly overshadowed the more expansive, overall industry that has quietly developed in the country, which has become a world leader in nuclear medicine. Speaking at the one-day nuclear forum on the sidelines of the PowerGen Africa... 

Treasury announces new SAA CEO, completes first three economic ‘action plans’

3rd August 2017 Three key deadlines for specific actions within the National Treasury’s new 14-point plan have been met, with the appointment of new South African Airways (SAA) CEO Vuyani Jarana this week marking the third completed task. Jarana, currently Vodacom Business CEO, is set to start once his... 

MTN sets out to prove it’s the best custodian of emerging market assets after H1 recovery

3rd August 2017 As telecommunications giant MTN starts to recover from a turbulent 2016, new CEO Rob Shuter is laying the growth foundation to leverage future opportunities through an enhanced six-pillar strategy. Shuter, who took the reins in mid-March, unveiled the development of a new growth plan – dubbed... 

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