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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

Auctions steam ahead

18th August 2017 South Africa may be on the global sidelines currently with regard to the procurement of new renewable generation capacity, chiefly because of Eskom’s refusal to enter into new power purchase agreements. Nevertheless, as a relatively early adopter (some might even say pioneer) of the auction... 

M&R warns ‘costly’ Middle East exit will drag 2017 earnings lower

17th August 2017 Engineering group Murray & Roberts (M&R), which sold its Southern African infrastructure and building units to a Southern Palace-led consortium in November, has warned that its earnings will fall by more than expected in 2017, owing to additional costs associated with four remaining building... 

In a context of State capture, the ‘developmental-State project is almost dead’

17th August 2017 In the context of State capture and corruption, former Deputy Finance Minister Mcebisi Jonas believes South Africa’s “developmental-State project is almost dead”, with resources being diverted away form dealing with the country’s serious unemployment crisis towards poorly governed State-owned... 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Electricity intensive firms to approach Nersa for new job-saving tariff deal

16th August 2017 The Energy Intensive Users Group (EIUG) will approach the National Energy Regulator of South Africa (Nersa) before the end of September with a proposal for structural changes to Eskom’s tariff for large power users by removing existing cross-subsidies to assist businesses whose future... 

AMSA initiates retrenchment talks as it pushes ahead with restructuring plan

15th August 2017 Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as... 

Highveld to pursue safeguard protection on heavy structural steel products

14th August 2017 Highveld Steel, which recently reopened its heavy structural mill in Mpumalanga despite still being in business rescue, has welcomed the institution of 10% import-duty protection on certain heavy steel sections and shapes. However, CEO Johan Burger tells Engineering News Online that Highveld... 

Eskom given 30 days to meet Nersa requirements for 2018 tariff application

11th August 2017 The National Energy Regulator of South Africa (Nersa) has refused Eskom’s request to deviate from key aspects of the multiyear price determination (MYPD) methodology, as well as the minimum information requirements for a tariff application (MIRTA) and has given the utility until the end of August... 

Safeguard duties on hot-rolled steel coil and plate officially come into force

11th August 2017 Safeguard duties of 12% have been officially placed on hot-rolled coil (HRC) and plate entering South Africa following publication of the August 11 Government Gazette, which amends schedule two of the Customs and Excise Act. The safeguard duties have been signed by Finance Minister Malusi Gigaba... 

Steel group’s sustainability action plan includes move for power tariff relief

11th August 2017 Steel producer ArcelorMittal South Africa has approach the National Energy Regulator of South Africa directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a R1.6-billion headline... 

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