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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

MTN reports upward swing in Q1 revenue

3rd May 2017 Telecommunications giant MTN Group on Wednesday reported an improved first-quarter operational performance as it works to recover from significant losses in 2016. The JSE-listed group delivered increases in revenue across several operations during the three months to March 31, with significant... 

Rockwell loses bid to have liquidation hearings brought forward

2nd May 2017 Dual-listed alluvial diamond miner Rockwell Diamonds’ move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the “urgency” it sought to establish by bringing forward the hearing date for the interim liquidation order against three of... 

April PMI slumps to well below neutral 50 mark

2nd May 2017 After a solid first-quarter performance, the seasonally adjusted Absa Purchasing Managers' Index (PMI) slumped in April 2017. The Bureau for Economic Research (BER) index fell to 44.7 index points from an average of 51.9 during the first quarter. 

Amended Forest Sector Code gazetted

2nd May 2017 Trade and Industry Minister Dr Rob Davies has approved the amended Forest Sector Code outlining transformation guidelines aligned to the Amended Codes of Good Practice for the forestry sector. “The forestry sector is one of the sectors that can stimulate and accelerate rural development, because... 

Tharisa expects interim earnings to surge on higher commodity prices

2nd May 2017 A significant recovery in commodity prices, particularly chrome, during the six months to March 31, is expected to bolster the first-half earnings of dual-listed Tharisa. Tharisa expects to report basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months under... 

AfDB appoints acting CFO, finance VP

2nd May 2017 The African Development Bank (AfDB) has appointed treasurer Hassatou Diop N’Sele as acting VP for finance and CFO, standing in until a successor is found for Charles Boamah, who has been appointed as senior VP. N’Sele, with 25 years of banking and finance experience, oversees investments of the... 

City Power seeks to fill MD, COO positions

2nd May 2017 City of Johannesburg- (CoJ-) owned municipal entity City Power Johannesburg is seeking to appoint an MD and a COO under a five-year performance-based contract. The MD will report directly to the board of directors accountable to the CoJ and will be responsible for the executive management team... 

Kefi’s inherited $12m claim reduced to $600 000, fights for further reductions

2nd May 2017 An inherited claim of $12-million for damages during exploration field activities at the Tulu Kapi gold project, in Ethiopia, between 1998 and 2006 has been reduced to $600 000, Kefi Minerals said on Tuesday. The potential legacy liabilities – for a period which had predated Kefi’s involvement in... 

Medupi Unit 5 reaches commercial operation

28th April 2017 State-owned power utility Eskom announced earlier this month that Unit 5 at the Medupi coal-fired power station project, in Limpopo, has reached commercial operation. “Commercial operation status ensures technical compliance to statutory, safety and legal requirements. This signatory milestone... 

Diesel tax refund system should be simplified, KPMG avers

28th April 2017 As the National Treasury and the South African Revenue Service (Sars) work to streamline the current diesel refund system, KPMG believes the development of a more simplified and concise refund framework is needed, particularly in reference to mining sector beneficiaries. The current Sars diesel... 

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