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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

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... 

New panel established to guide Gauteng on infrastructure projects

3rd March 2017 The Gauteng Provincial Government (GPG) has established an economic advisory panel to advise it on the implementation of strategies aligned with the roll-out of social and economic infrastructure projects planned for the next two years. GPG aims to leverage the various infrastructure projects... 

‘Substantial’ capital injection for SAA will be deficit-neutral

3rd March 2017 The National Treasury on Wednesday announced it had agreed, in principle, to a substantial capital injection into troubled South African Airways (SAA); however, it could not confirm the amount or timeline for the capital injection. Treasury confirmed in the National Budget that, during 2017/18,... 

MTN optimistic of turnaround after plunging into the red in FY16

2nd March 2017 JSE-listed MTN believes it is on the mend and is seeing the first signs of a turnaround after plunging into the red during what it described as the most challenging year in the company's 22-year history. With its Ignite initiative and various other strategies in play, MTN hopes to reverse the... 

Difficult trading conditions dull Clover’s H1 financial performance

1st March 2017 As branded consumer goods and beverages group Clover Industries works its way through muted trading and economic conditions, the JSE-listed group is progressing a number of strategies to set it back on a growth path. Unpacking the lacklustre financial results for the half-year ended December 31,... 

Telecommunications department clears up ICT Policy confusion

28th February 2017 In response to the Free Market Foundation’s (FMF’s) comments this week on the National Integrated Information and Communications Technology (ICT) White Paper Policy and its implementation, the Department of Telecommunications and Postal Services (DTPS) on Tuesday assured that comprehensive public... 

Blue Label’s R5.5bn, 45% Cell C acquisition passes restructure hurdle

28th February 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... 

Anglo American to appoint Nolitha Fakude to the board

27th February 2017 Anglo American has appointed Nolitha Fakude as nonexecutive director, effective April 24. The appointment, which is subject to shareholder approval, will follow the conclusion of Anglo American’s annual general meeting. 

Maiden high-grade resource declared at Acacia’s West Kenya project

27th February 2017 With a maiden National Instrument (NI) 43-101-compliant inferred mineral resource estimate of 1.31-million ounces of gold at 12.1 g/t published for the West Kenya project, London-listed Acacia Mining plans to spend $12-million on exploration on a 45 000 m drilling programme for the Liranda... 

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