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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

Jonas unpacks vision for ‘radically’ changed South African economy

14th March 2017 The existing structure of the South African economy is not yielding the growth and employment returns required and a “new consensus” on the necessary trade-offs for igniting inclusive growth is, therefore, urgently required, Deputy Finance Minister Mcebisi Jonas argues. Speaking at the Gordon... 

S&P Global sees higher use of guarantees by Eskom as ratings ‘pressure point’

14th March 2017 S&P Global warns that contingent liabilities associated with guarantees to State-owned companies (SoCs) such as Eskom have emerged as a “pressure point” for South Africa’s sovereign rating, which the agency currently has at one notch above junk, but with a negative outlook. The negative outlook... 

Sasol optimistic about adding oil string to gas bow in Mozambique

10th March 2017 Sasol joint president and CEO Stephen Cornell has described the group’s relations with the Mozambique government as being in a “good space”, despite the country’s current fiscal difficulties, as well as periodic criticism that the country is not benefiting fully from the South African energy and... 

Tax administration developments ‘deeply disturbing’

10th March 2017 Judge Dennis Davis, who heads Davis Tax Committee, set up in 2013 to assess South Africa’s tax policy framework, has added his voice to concerns about the state of tax administration in South Africa, particularly in light of the R30-billion under-recovery in 2016/17 relative to the estimate... 

South Africa won’t need to trade off clean power for low-cost power, study shows

10th March 2017 The steep decline in wind and solar photovoltaic (PV) costs means that South Africa will not need to make the traditional trade-off between investing in either clean or least-cost electricity production, as the “cost-optimal mix” for South Africa is now also the cleanest, research conducted by... 

Deadlock broken between Eskom and IPPs, Joemat-Pettersson insists

10th March 2017 Energy Minister Tina Joemat-Pettersson says the “deadlock has been broken” between Eskom and the renewable-energy independent power producers (IPPs), with the National Energy Regulator of South Africa (Nersa) confirming its willingness to consider an application from the State-owned utility... 

R150bn small-business opportunity

10th March 2017 The new Preferential Procurement Policy Framework Act (PPFA) regulations, which will take effect on April 1, have the potential to provide a significant stimulus to small business development in South Africa. The updated rules explicitly allow for a “set aside” in tenders for firms with a certain... 

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF

9th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

JSE-listed infrastructure fund seeks capital for next acquisitions

8th March 2017 JSE-listed infrastructure investment holding company GAIA Infrastructure Capital has appetite for further funds for investments into energy, transport, as well as water and sanitation assets. CEO Prudence Lebina tells Engineering News Online that the company, which invests only in operational... 

AFD sets aside €1.3bn to support high social impact South African projects

8th March 2017 French development financier Agence Française de Développement (AFD) expects to disburse €1.3-billion in funding support to South African projects in the coming five years as part of a newly approved operational strategy for the country. AFD says the funding will take the form of nonsovereign... 

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