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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 and Creamer Media's Research Channel Africa.

Tel: +2711 622 3744


Eskom must implement ‘aggressive’ cost cutting, EIUG says as it urges Nersa to reject 19.9% hike

14th October 2017 Eskom’s application for a 19.9% tariff hike from April 1, 2018, is unacceptable and will result in the partial or full closure of plant capacity and increase unemployment, the Energy Intensive Users Group (EIUG) states in a written submission to the National Energy Regulator of South Africa... 

Seifsa president laments slow pace of metals sector transformation

13th October 2017 The slow pace of transformation in the metals and engineering sector continues to be of concern, Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Michael Pimstein said during his presidential address in Johannesburg on Friday. He urged the sector, which represents... 

World Bank urges South African firms to seize $45bn African procurement opportunity

13th October 2017 The World Bank Group is actively encouraging South African businesses to participate more actively in a $45-billion procurement opportunity that will arise over the coming three years as a result of a recently approved funding commitment to 39 low-income African countries. Executive director for... 

Unreasonable electricity price curve contributing to weak business climate – EIUG

13th October 2017 The Energy Intensive Users Group of Southern Africa (EIUG) has called for urgent intervention to halt what it describes as the current “downward spiral” of a shrinking electricity sales base and increasing and unaffordable electricity tariffs. The EIUG represents 32 mostly mining and industrial... 

Strategic review at Aveng likely to trigger noncore disposals

13th October 2017 Aveng executive chairperson Eric Diack, who has stepped in as acting CEO at the construction group following Kobus Verster’s surprise resignation, says a “no-holds-barred” strategic review is currently under way in a bid to improve the company’s immediate liquidity position and position it for a... 

Fiscal storm warning

13th October 2017 In the World Bank’s tenth and most recent ‘South Africa Economic Update’, the risk of “fiscal slippage” is highlighted as arguably the country’s most worrying immediate downside risk. The report points to signs of revenue under-collection amid ongoing upward expenditure pressures as the 2019... 

Electricity industry facing prospect of ‘forced restructuring’

13th October 2017 Johannesburg’s electricity utility City Power is warning that the current structure of South Africa’s electricity sector is unsustainable and that, in the absence of a coherent national policy, the sector is approaching “breaking point”. Demand- and supply-side manager Paul Vermeulen says that... 

R20bn Swazi Rail Link being prepared for presentation to investors before year-end

12th October 2017 An expression of interest (EoI) for the R20-billion crossborder Swazi Rail Link infrastructure project between South Africa and Swaziland will be released to potential investors before the end of 2017, South Africa’s Transnet Freight Rail (TFR) and Swaziland Rail confirmed on Thursday. The 150 km... 

Eskom facing threats on multiple fronts, Maritz acknowledges

12th October 2017 Eskom’s newest interim group CEO Sean Maritz has acknowledged that the utility is facing threats on multiple fronts in light of rapid changes to the global electricity landscape and the constrained outlook for domestic electricity sales. However, in a statement calling for “space and time to... 

One year into new trade deal, European commissioner urges South African firms to take fuller advantage

11th October 2017 European Commissioner for Trade Cecilia Malmström will use her upcoming visit to South African to urge business to take fuller advantage of the recently concluded trade agreement between the European Union (EU) and six Southern African countries. The deal came into force just over a year ago on... 


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