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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Senior Deputy Editor for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Foschini buys local clothing manufacturer

27th January 2012 The Foschini group is to buy into South African clothing manufacturer Prestige Clothing, in Cape Town. Economic Development Minister Ebrahim Patel, who welcomed the acquisition, said it was a “vote of confidence” in the South African clothing manufacturing industry and would boost local jobs. 

Mwana production falls 15%

27th January 2012 Gold production from Aim-listed Mwana Africa’s Freda Rebecca gold mine dropped from 13 686 oz in the September quarter, to 11 573 oz in the three months to the end of December. The resources company attributed the lower production rates, which equated to a monthly production average of 3 858 oz,... 

SA’s plunge as mining destination ‘no surprise’ – law firm

27th January 2012 South Africa’s deterioration as an attractive mining investment destination should come as no surprise, said Cliffe Dekker Hofmeyr corporate and commercial practice director Allan Reid on Friday. Mining companies were still frequently finding themselves at loggerheads with “unrealistic demands... 

Telkom says KT Corp deal talk progressing

27th January 2012 JSE-listed telecommunications group Telkom expects to finalise the results of a review of a potential strategic venture with Korean telecommunications company KT Corporation within the next few weeks. “The diagnostic review is well progressed,” Telkom reported in a statement on Friday. 

Universal/Ethos deal secures R580m debt package

27th January 2012 Universal Industries Group has secured a R580-million, six-year term debt package and a R150-million general banking facility from Nedbank Corporate Banking. The transaction formed part of a R1.3-billion acquisition of the company by a consortium led by private equity group Ethos Private Equity... 

Colleges should play key role in closing SA skills gap

27th January 2012 An expanded further education and training (FET) college sector has a central role to play in increasing artisan numbers and other mid-level skills, Minister Blade Nzimande said on Thursday. 

Municipalities continue to underspend capital budgets

27th January 2012 South African municipalities have underspent R12.4-billion, or 29.3%, of their capital budgets in the 12 months to the end of June 2011, the National Treasury stated this month. Municipal underspending of capital budgets stood at R8.5-billion, or 17.1%, in 2009/10. 

Sexwale to join Antarctica climate change expedition

26th January 2012 Human Settlements Minister Tokyo Sexwale will be joining a climate change expedition to the Antarctica this weekend. The expedition, called Destination: Reality 2012, aimed to resolve doubts about the seriousness of climate change and the crisis facing the world, the Human Settlements Department... 

Implats says 15% of rock drill operators back at work

26th January 2012 Only 15% of the 5 000 rock drill operators who where participating in an illegal strike over salary grievances at Impala Platinum’s (Implats’) Rustenburg operations had reapplied for their jobs by Thursday afternoon. Implats fired the employees on Wednesday and, as part of an agreement with the... 

First Uranium cuts 2012 gold production estimates

26th January 2012 TSX- and JSE-listed First Uranium on Thursday lowered its gold production forecast for 2012 and said it would not achieve its gold and uranium sales target for the financial year. The company, which warned late last year it might lay off 1 850 people at its Ezulwini mine, downgraded its gold... 


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