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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

New Treasury DG will be in ‘proud tradition’ of Ramos, Kganyago and Fuzile

5th May 2017 Finance Minister Malusi Gigaba intends to appoint a new National Treasury director-general by the end of May, following the announcement of Lungisa Fuzile’s imminent departure from a post he has occupied for the past six years. Both ratings agencies and investors have been unsettled by Fuzile’s... 

Eskom made ‘mistake’ by contradicting govt’s renewables policy

5th May 2017 Finance Minister Malusi Gigaba says Eskom made a “mistake” by raising its corporate difficulties in relation to the signing of power purchase agreements (PPAs) with renewable-energy generators in a way that undermined the policy position of government on both the energy mix and the... 

Report outlines $1tn procurement savings opportunity for world governments

5th May 2017 Governments worldwide could reduce their current purchasing bill by 15%, or a combined $1-trillion, if they were to adopt best-practice procurement disciplines, a new study by the McKinsey Center for Government (MCG) claims. The study, titled ‘Government Productivity: Unlocking the $3.5-trillion... 

Downgrade dichotomy

5th May 2017 The dichotomy between the negative political and economic narrative in South Africa – precipitated by the March 30 Cabinet reshuffle and the subsequent ratings downgrades by S&P Global Ratings and Fitch Ratings– and the relatively sanguine response of currency, bond and equity markets has been... 

ABB responds to South Africa’s rail localisation demand with traction transformer investment

3rd May 2017 Technology multinational ABB has responded to South Africa’s tightened local-content requirements in the railways sector by opening a new state-of-the-art traction transformer factory in eastern Johannesburg. Traction transformers direct power, at safe voltages, to support train functions such as... 

Sasol finalises currency hedges worth $4bn

28th April 2017 Energy and chemicals group Sasol reported on Tuesday that it had finalised currency hedges with a total notional amount of $4-billion for its 2018 financial year. The hedges represent about 70% of its expected net rand/US dollar exposure for the period, which runs until June 30, 2018. The... 

Scaw expands chain-making capacity with R110m investment in automated plant

28th April 2017 Specialist steel products manufacturer Scaw Metals has invested R110-million to expand and modernise the production of large-diameter chain and masterlink components at its McKinnon Chain factory in Vereeniging, in southern Gauteng. Large-diameter chains are used in various industries for lifting... 

Missing ingredient

28th April 2017 Before compiling the National Development Plan (NDP), the drafters diagnosed South Africa’s socioeconomic predicament as follows: widespread poverty and extreme inequality persist; too few South Africans are employed; the quality of education for poor black South Africans is substandard; poorly... 

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister

26th April 2017 Having been effectively directed by the Western Cape High Court to “start with a clean slate” when approaching the controversial issue of nuclear procurement, South Africa’s new Energy Minister Mmamoloko Kubayi has some big calls to make. In the April 26 judgment signed off by justices Lee... 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

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