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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

Ratings ‘pressure point’

24th March 2017 While much of 2016 was dedicated to junk avoidance, the risk of a downgrade persists, with both Fitch Ratings and S&P Global to decide this year whether to designate the country as ‘stable’, or to downgrade it to junk. South Africa’s unstable political climate, together with the country’s poor... 

EIUG supports Eskom plan for new pricing deals with power-intensive firms

22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... 

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens

22nd March 2017 S&P Global Ratings has sustained a negative outlook on Eskom after affirming its 'BB-' sub-investment-grade rating this week, pointing to the State-owned electricity utility’s weakening liquidity position as a result of a “lower-than-expected” tariff increase for 2017/18. On February 23, the... 

South Africa asks World Bank to review ease-of-doing-business position in light of InvestSA initiative

17th March 2017 The South African government has officially launched a new investment facilitation service, dubbed InvestSA, which it claims will dramatically reduce red tape for foreign and domestic businesses seeking to pursue greenfield or brownfield projects in the country. The service, which has both... 

New steel duties a sign of SA’s emerging ‘value-chain’ approach to protection

17th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

Investor in UK solar assets plans secondary listing on JSE from April

17th March 2017 A London Stock Exchange-listed investor in UK ground-based solar photovoltaic (PV) plants, Foresight Solar Fund, has announced its intention to pursue a secondary listing on the JSE through a private placement with institutional South African investors. The listing is expected to raise... 

Government won’t allow poultry industry to be ‘decimated’

17th March 2017 Trade and Industry Minister Dr Rob Davies is adamant that government will not stand by while its poultry industry is “decimated”, but acknowledges that there are also issues of industry competitiveness that should be addressed. Speaking this week during the Economic Sectors, Employment and... 

More connected, but more disconnected

17th March 2017 Few would deny that national and global affairs are more unsettled than they have been for years. Typically, people point to the Brexit vote, or the shock election of President Donald Trump as the most obvious signs of this upheaval. However, the ferment is as visible at home, where it has... 

Dubai’s CSP price cap seen driving technology’s competitiveness

16th March 2017 A leading developer of concentrated solar power (CSP) projects in Africa and the Middle East believes the price cap proposed by the Dubai Electricity and Water Authority (DEWA) for an upcoming CSP project could add significant impetus to improving the technology’s cost competitiveness, which may... 

Eskom initiates talks on triggering government support to cover IPP costs

15th March 2017 Eskom has written to the signatories of the Government Support Framework Agreement (GSFA) – which guarantees support for the State-owned utility in meeting its obligation to buy electricity from renewable-energy independent power producers (IPPs) – to discuss a possible triggering of government... 

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