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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

September fuel freeze not repeated in October as prices surge

1st October 2018 Energy Minister Jeff Radebe has resisted the temptation of again intervening to freeze fuel-price increases, confirming on Monday that the price of petrol and diesel will surge sharply at midnight on October 3. With both the rand/dollar exchange rate and oil prices moving against South Africa... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Nene says stimulus package will rely on efficiencies, not new budgetary resources

28th September 2018 Finance Minister Nhlanhla Nene announced on Thursday that government was “building a pipeline of investment opportunities and infrastructure projects” as part of redoubled efforts to address low levels of investment, which had been identified as the main inhibitor of growth in the... 

Cape vulture provides inspiration for home-grown vertical-axis wind turbine

28th September 2018 A South African start-up has developed a vertical-axis wind-turbine that employs a groundbreaking morphing wing design, which seeks to mimic the movements of the Cape vulture. A prototype of the turbine, developed by Brayfoil Technologies in collaboration with WorleyParsons, is currently being... 

Outgoing CEO says IDC must be approachable for entrepreneurs, but impenetrable to political interference

28th September 2018 One of Geoffrey Qhena’s first assignments as a newly recruited Industrial Development Corporation (IDC) business analyst was decidedly uncomfortable. It was 1994, the year of South Africa’s first democratic election, and the young accountant from Meadowlands, Soweto, had been handed a business... 

On the mend?

28th September 2018 Business confidence is at debilitating low levels and trust between government and business remains fragile after the abusive Zuma years. Nevertheless, there are some encouraging signs that the relationship is on the mend, albeit at such a high level that it will take time to filter through to... 

Marubeni says Thabametsi unaffected by group’s policy to halve coal capacity by 2030

27th September 2018 Japan’s Marubeni Corporation reports that the development of the Thabametsi coal-fired power station, in South Africa, has not been affected by the group’s September 18 policy decision to “no longer enter into any new coal-fired power generation business”. As part of the policy change, Marubeni... 

Aveng reports strong market interest in most of its noncore assets

26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

New Eskom strategy to include pan-African expansion roadmap

25th September 2018 State-owned electricity utility Eskom has confirmed that its new strategy, which will involve far-reaching changes to its business model, will seek to position the company for opportunities arising in the rest of Africa. “Growth opportunities for Eskom are not restricted to South Africa. To grow... 

Ramaphosa aims to crowd in private resources for infrastructure fund

21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

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