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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

Treasury to establish budgeting facility for infrastructure projects

10th March 2017 As South Africa’s government moves to strengthen its budget execution and improve in-year monitoring, while also bolstering infrastructure development, the National Treasury has proposed the establishment of a new facility to optimise large multiyear infrastructure project roll-outs that require... 

Blue Label hopes to close R5.5bn Cell C deal by midyear

10th March 2017 With several critical contracts entered into and the restructure of Cell C’s debt agreed, JSE-listed Blue Label is looking forward to wrapping up the final processes for a R5.5-billion deal that will see it take ownership of a 45% stake in South Africa’s third-largest mobile operator. Blue Label... 

Intel eyes four critical interlinked focus areas of the digital era

9th March 2017 With the world continuing to scratch only the surface of what is possible in the digital era, information and communication technology giant Intel is, this year, narrowing its focus to four key areas it believes will play a critical role in society in future. Intel’s 2017 focus areas include... 

Platinum demand declines, but still outstrips supply for sixth consecutive year

9th March 2017 This year is expected to be the sixth consecutive year that global platinum consumption has outstripped supply, with a predicted total supply decline of 4% overshadowing the anticipated 6% decrease in demand. Following a “mixed” 2016, the World Platinum Investment Council’s (WPIC’s) latest... 

Shanta confident of Q2 maiden resource for Nkuluwisi

8th March 2017 A maiden resource for the Nkuluwisi prospect, located near the New Luika gold mine, in southwest Tanzania, is on track for delivery in the second quarter of 2017, Aim-listed Shanta Gold said on Wednesday. The reverse circulation (RC) drilling results of the Nkuluwisi mineralised target are... 

Altron selects MTN’s Nyati to replace Venter as CEO, narrows FY16 losses

8th March 2017 Following a rigorous recruitment process and a global search for a suitable candidate, MTN South Africa (SA) CEO Mteto Nyati has been appointed the new group CEO of JSE-listed Allied Electronics (Altron), effective no later than July 1. Nyati, who will succeed outgoing Altron CEO Robbie Venter,... 

Pursuit of better performance sees Gauteng split R44bn MTEF infrastructure spend

7th March 2017 Infrastructure and education have taken the largest slices of Gauteng’s R108-billion provincial budget for 2017/18, which this year included the addition of R10-billion to departmental baselines. Tabling the provincial budget in the Gauteng Legislature, in Johannesburg, on Tuesday, Finance MEC... 

World Bank urges South Africa to shift investment tax incentives to more labour-intensive sectors

6th March 2017 The World Bank on Monday urged South Africa to consider “reorienting” certain investment tax incentives towards more labour-intensive sectors such as construction, manufacturing, agriculture and trade to encourage private investment and bolster job creation in the muted growth environment. This... 

Humphris to succeed Crosse as Omnia chairperson

3rd March 2017 JSE-listed Omnia has announced the retirement of nonexecutive director and chairperson Neville Crosse, effective May 31, after 40 years at the group. Rod Humphris, who will retire as group MD on May 31, succeeds Crosse as nonexecutive director and chairperson, effective June 1. 

Gauteng weighing various infrastructure funding models

3rd March 2017 The Gauteng Department of Infrastructure Development (DID) is exploring the possibility of establishing a dedicated construction or infrastructure bank or fund aimed at providing specialised funding or financing services to the construction sector. Chairing an exploratory roundtable on the... 

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